After reading the story on how Amazon will dominate the supply chain, which concept do you believe played the biggest role in their success: division of labor, specialization or economies of scale? Explain your rationale. https://medium.com/s/story/how-amazon-will-dominate-the-supply-chain-6727936d3ffc
1. Which US state has the strongest economy?2. What MACROECONOMIC criteria are you using to make your assessment?3. Would your answer have been different before the pandemic?Explain! Focus on Foundational Themes:People are rationalPeople respond to incentivesOptimal decisions are made at the marginChoices require tradeoffsBenefits are what are gained; costs are what is given up. 1 … Read more
Management decisions about demand, supply, production, pricing and market structure are all microeconomic options and choices. It is an analysis of consumer behavior (spending), production, and how pricing relates to demand. In microeconomics, there are ongoing trends in both demand and supply that directly influence the price of a product. Select a specific industry and … Read more
2-2 Simulation Discussion: Comparative AdvantageDiscussion TopicTask: Reply to this topicStarts Mar 6, 2021 11:59 PM NOTE THAT A CUSTOM RUBRIC IS USED FOR THIS DISCUSSION. The United States has a comparative advantage over China on the production of specialized and capital-intensive labor. It also has a comparative advantage in the production of services, such as … Read more
Answer the three topics below. When typing your post, I want to ensure that you are using effective paragraph construction. Refer to the link below. Depending on which topic you choose, I would like to start with a topic sentence saying,After reading Scribbr’s article on plagiarism, there are… https://www.scribbr.com/plagiarism/how-to-avoid-plagiarism/
Assignment DetailsAssignment DescriptionYou will create this assignment following the Assignment Detail instructions below. Review the tutorial How to Submit an Individual Project. As an employee of a company that is considering investing in a foreign economy, you have been asked to research a country and make a presentation to your colleagues about an area of … Read more
Thanks for your initial response to the Week 3 Discussion Question. In your post, you discussed well the US central bank, the Federal Reserve (Fed)s monetary policy by adjusting the interest rates and money supply. This week, we will extend our knowledge of macroeconomics through economic growth. Among other determinants of labor productivity and economic … Read more
GDPs components are consumption (C), business investment (I), government spending (Gs) and international trade (exports minus imports, X-M): GDP=C+I+Gs+(X-M). An increase in any of the four components of the GDP will raise the GDP, GDP per capita, and average living standards. As we learn in this course, there are always benefits and costs to be … Read more
Write a brief essay (800 words or no more than 3 pages, double spaced) about the role of music in your life. Consider this role from several angles. How did you experience music as a child? Teenager? Adult? Are you an active music maker, or do you experience music solely asa listener/dancer? Was music ever … Read more
After watching the video clip from A Knights Tale, consider the effect of choosing consumption today versus consumption in the future. Using the PPC as a springboard for your analysis, what effect would forgoing consumption today in order to invest for tomorrow have on future production possibilities? Now consider the choices our government faces when … Read more