Modern monetary theory - Study guides, Class notes & Summaries

FSSM: Management theories exam questions & answers 2024 Theories of management - ANSWER-Classical Human Relations Management Science/Operations Research Modern Management Theories Classical management theory - ANSWER-Henri Fayol classical management theory: Includes functions like planning, organizing and coordinating Basic tents: Organization should be arranged in a rational and impersonal manner There is one best way to do the job Classical management theory - ANSWER-Divisio...

Globalization Is the close integration of countries and peoples of the world which has been brought about by the enormous reduction of the cost of transportation and communication, and the breaking down of artificial barriers to the flows of goods, services, capital, knowledge, and (to a lesser extent) people across borders. New view of Globalization A new force sweeping through the world in recent times that it is a new phenomenon beginning in the late 20th century, driven by recent te...

TABLE OF CONTENTS_ INTRODUCTION: THINKING LIKE AN ECONOMIST Chapter 1: Economics and Economic Reasonin g Chapter 2: The Production Possibility Model, Trade, and Globalization Chapter 3: Economic Institutions Appendix: The History of Economic Systems Chapter 4: Supply and Demand Chapter 5: Using Supply and Demand PART II: MICROECONOMICS: THE POWER OF TRADITIONAL ECONOMIC MODELS Chapter 6: Describing Supply and Demand: Elasticities Chapter 7: Taxation and Government Intervention Chapter 8: Market ...

What are the three main types of skills needed by managers? - correct answer Technical, Conceptual and Human or interpersonal managerial skills. Efficiency - correct answer Effectiveness - correct answer 1.) Meaningful Results 2.)Contributes to Team Members' Satisfaction 3.)Enhance Ability of Team Members to Work together in the future. Classical Perspective - correct answer ...

Which of the following is true of the vice presidency? - The Constitution assigns no executive authority to the vice president. Congress has formally declared war ________ times in U.S. history. - 5 Which president, because of the circumstances of the day, was able to accomplish more in the first few months than any other president has in a comparable amount of time? - Franklin Roosevelt The President serves which roles: - All of these Which of the following states is MOS...

According to the monetarists, which of the following is true? - ANSWER-Instability in the money supply is the primary cause of economic instability. When the interest rate decreases, the opportunity cost of holding money - ANSWER-decreases, so the quantity of money demanded increases. If the Fed wanted to institute a more expansionary monetary policy, which of the following would it be most likely to do? - ANSWER-buy government bonds from the public When the Fed unexpectedly increases t...

Which view claims that the phenomenon of globalization was initially driven by the desire of western economies to exploit their power through multinational enterprises? the new-force view Economic gains come from international trade because one country's exported goods, services, or other items are unique, valuable, and difficult to duplicate to the importing countries? Which view does this statement portray? Resource-based view What is the aggregation of importing and exportin...

WGU C211 - Global Economics for Managers Final Exam - All Reading (Answered Fall 2022) Base of the pyramid (BOP) Economies where people make less than $2,000 per capita per year. BRICA Brazil, Russia, India, and China. Emerging economies term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets A term that is often used interchangeably with "emerging economies." Expatriate manager A manager who works abroad, or "expat" for short. Foreig...

CONTENTS Unit No. Title Page No 1. Philosophical Ideas And Economic Concepts 1 2. Political Ideas And The Legacy of Marx Today 11 3. Methodological Contributions And The Division of Labour 19 4. Theory of Suicide, Religion And Legacy of Durkheim Today 25 5. Methodological Contributions And Theory of Social Actions 34 6. Dialogue With Marx And The Legacy of Weber Today 48 7. The Three Levels of Social Reality, Individual Consciousness 56 8. The Philosophy of Money And The Legacy of Simme...

100 Economics Terms Latest Update 100% Correct Scarcity the limited nature of society's resources Economics the study of how society manages its scarce resources Efficiency the property of society getting the most it can from its scarce resources Equity the property of distributing economic prosperity fairly among the members of society Opportunity cost whatever must be given up to obtain some item Market economy an economy that allocates resources through the decentralized decisions of ma...