Publi Pension Replacement Rates Essay Example | Topics and Well Written Essays - 500 words

Publi Pension Replacement Rates - Essay Example Even the marital status is a point of concern for some countries. The earnings level of the worker is also taken into account. This level dictates the amount of their contribution. The duration of membership of a worker in the pension plan is factored in in the replacement rate computation. Another cause of the variance is the type of employment, whether it is full-time or part-time. The public pension replacement rate was a major contributing factor in the debt burden of Greece. The average earner with a full career in an Organisation for Economic Co-operation and Development (OECD) country, of which Greece belongs, has a pension replacement rate of 58.7% of earnings (Organisation for Economic Co-operation and Development (OECD), 2007). However, in Greece, the replacement rate was at a high of 96% of earnings (OECD, 2007). This rate is considered to be very high. In 2010, Greece’s pension system had approximately 400 billion euros or $509 billion in unfunded liabilities (Oxford Analytica, 2010). The excessively high replacement rate forced the Greek government to make emergency grants to meet the pension outlays (Oxford Analytica, 2010). Nektarios describes the Greek public pension system as one which is â€Å"highly segmented and complex, containing over 300 funds, with many different regulations for pension rights† (n.d.). Because of these chara cteristic of the public pension plan, it was difficult for the government to manage. One proof that the public pension replacement rate contributed largely on the debt problem of Greece are the reforms in the pension plan that were instituted by the EU and the IMF. Some of these reforms that were dictated upon on Greece include introduction of a unified statutory retirement age of 65 by December 2013; the gradual increase in the minimum contribution period for retirement; and the reduction of pension benefits to be based on the pensioners average pay over their working lives

Holocaust Awareness...Contemporary Lessons Essay Example for Free

Holocaust AwarenessContemporary Lessons Essay Few events in recent history have had as dramatic an impact on history as the mass murder of Jews in concentration camps during World War II, the Holocaust. The Holocaust appears to be a well documented event (Hilberg, 1992), yet today there are those who feel it is just a myth. When he discovered the concentration camps, General and future President Dwight David Eisenhower knew that a future day would come when people would claim that the Holocaust never happened, so he took great pains to document and record the events on film so that the world would never forget. Even so, his efforts did not eliminate what he knew would happen. In spite of evidence to the contrary, today, there are many who claim that the Holocaust did not occur and that there is no evidence that it did. Yet the evidence suggests that is did happen and similar events such as the murder of more than 2 million people by the Khmer Rouge in Cambodia plus mass murders ethnic intolerance in Iraq, the Sudan, Rwanda and Yugoslavia continue to take place even now. During the early hours of September 1, 1939, Adolph Hitler invaded Poland bringing about the Second World War. Historically, this war began because of Hitler’s contempt regarding the way Germans were treated at the end of the First World War and other related issues. At the time World War II began, there was a world wide depression that helped bring Hitler rose to power in Germany and President Franklin Delano Roosevelt to power in the U. S. It is generally viewed that Hitler used the issue of Jewish economic domination in Germany both to push for war and as an excuse for the economic woes of Germany. (Bartov, 2000; Friedman, 1993). Ultimately, Hitler blamed the Jews for Germany’s economic problems and to begin exterminating them in concentration camps—mass genocide. (Gigliotti and Lang, 2005) on a scale that surpassed anything that had ever happened up to that time within so short a time span. Does engraining memories of past atrocities into the public psyche eliminate future atrocities? Political campaigns demonstrate that by slinging mud candidates provide name recognition for their opponent(s). In a similar vain, perhaps remembering the events of the Holocaust and similar events throughout history (and unfortunately, still occurring around the world today) will only drive home the fact that those events exist and are continuing. Do we really want to do that? We could be reinforcing the Holocaust in the minds of individuals who might not otherwise be aware that any such thing has ever happened or ever will. We have every reason to believe that Hitler knew of the mass extermination of the millions of Jews but ironically, there is no documented evidence in writing to confirm this idea. (Irving, 1977) Most German citizens during WWII also claimed ignorance of the Jewish extermination in progress at the time. â€Å"How could such a widespread extermination and mass murder have gone unnoticed† and â€Å"Where are the documents to show that Hitler was aware of it? † Today, nearly seventy years after the beginning of WWII and Jewish extermination, the question is still asked, â€Å"Did Hitler even know about the Jewish extermination process underway? † The fact that anyone even asks this question is, perhaps, the greatest evidence that we need to teach that it is a real part of human history. While it seems irrational to assume that Hitler actually had no knowledge of what was going on, it appears to be equally true that few if any documents exist to demonstrate his knowledge of what was going on (Irving, 1977) even though there certainly appears to be a great deal of documentation about the war and the Holocaust (Wolfe, 1990). We can only wonder why these contradictory situations exist. In his 1977 book Hitlers War, one noted British historian, David Irving, outlines why he feels that stories of the mass killings of European Jews in Death Camps are merely British and American inventions, war-time propaganda perpetrated by the Allies. Irving presents several lines of argument to support his claims. For example, he points out that there is no archival evidence anywhere for the gassings, no wartime German documents that refer to the gassings of human beings and there is no clear evidence as to who gave the orders to gas people. He also claims that forensic tests of the laboratories, crematoria, gas chambers and Auschwitz fail to find any trace or significant residue of a cyanide compound. Irving dismisses eye witness accounts on the grounds that there are equal numbers of eye witness accounts of the gas chambers in Dachau even though there werent any gas chambers in Dachau and he believes that photographs documenting the Holocaust have been misrepresented. Why is it so vital that we remember the Holocaust? Arguments can be made both for and against that stance, but certainly, the history of the Holocaust should not be slighted or overlooked. The repeated efforts to try to wipe the memory of the Holocaust out of the human psyche as if it never occurred may be one of the strongest points in favor or remembering it. The intended purpose of engraining events from the Holocaust into the mind of todays generation is to allow them to learn the lessons of horror from the past and avoid them—so that we won’t repeat them. Whether this is true or not, we more or less taking comfort in the belief, right or wrong, that if people see the horrors of those events, they will make every effort to avoid them, prevent them and take precautions against repeating them whenever they see the signs in the future. Perhaps the way to combat future human atrocities is to focus on the opposite rather than to memorialize them. What lessons can we learn from the Holocaust? First, the Holocaust demonstrates how large groups and numbers of people, even on the scale of nations, can subtly be influenced into â€Å"groupthink† (i. e. , where groups of people think and behave alike because others are thinking and behaving the same way) (Janis, 1972) and manipulated by a very few influential individuals. Second, the Holocaust demonstrates that all too often, man treats his fellow man inhumanely. â€Å"How do we avoid this in the future? † I fear that there is no global answer. Whenever such a situation begins in the future, only then can we address the issue. Another lesson we can learn is that anyone can be the victim, so everyone should recognize and acknowledge it whenever it happens. When we recognize it, we must act together to stop it, and that, unfortunately, is much easier said then done. Perhaps there is no satisfactory solution to preventing future atrocities like the Holocaust. In he end, perhaps all be can do is to try to recognize such events when we see them approaching and then to do everything we can to prevent them. References Bartov, Omar. The Holocaust. Origin, Implementation, Aftermath. New York, NY: Routledge, 2000. Friedman, Saul S. Holocaust Literature. A Handbook of Critical, Historical and Literary Writing. Westport, CT: Greenwood Press, 1993.Gigliotti, Simone and Berel Lang. The Holocaust. A Reader. Oxford: Blackwell Publishing, 2005. Hilberg, Raul. Perpetrators Victims Bystanders. The Jewish Catastrophe 1933-1945. New York, NY: Aaron Asher Books, 1992. Irving, David. Hitlers War. New York, NY: Viking Press, 1977. Janis, Irving L. Victims of Groupthink. Boston: Houghton Mifflin Company, 1972. Levi, Neil and Michael Rothberg. The Holocaust. Theoretical Readings. New Brunswick. NJ: Rutgers University Press, 2003. Wolfe, Robert. Holocaust. The Documentary Evidence. Washington, DC: National Archives and Records Administration, 1990.

Human Cloning Essay -- Science Biology Genetics Genes Essays

Human Cloning Ever since the cloning of the first mammal, the sheep Dolly, in 1996 by Ian Wilmut of the Roslin Institute, people have been begun to consider how they feel about human cloning. Is it possible? Should we do it? The overwhelming answer seems to be "yes" to the first question, and "no" to the second. "Yes," because cloning a human is not much different from cloning a sheep. The cloning procedure is actually so surprisingly non-technical that laboratories could easily begin conducting their own research on human embryos today. In fact, one physicist who researched fertility sciences in the 1980's, Dr. Richard Seed, says he can already do it, and is setting up a clinic. His clinic probably won't succeed, however, because the U.S. Food and Drug Administration would have to approve such a clinic before it could operate, and they probably won't (World Book 13). If he did set up a clinic, the result would most likely turn out the same as a similar event in 1993, when researchers used well-known techniques to begin artificially twinning humans. They immediately became "embroiled in a firestorm of public scrutiny," and they were "criticized by other researchers in the field for jumping ahead without scrutinizing the ethical ramifications" (Bohlin 4). Clearly, although we have this technology right at our fingertips, the general community doesn't feel right about using it. In a CNN poll taken of 1,005 American adults in 1997, 89% feel that cloning humans is morally unacceptable, 69% are afraid of the possibility of cloning humans, and 74% believe that human cloning is against God's will (Robinson 8). More recently, the Vatican condemned human cloning as being "perverse" (Been 1). The scientists who cloned Doll... ...es, but only if we take the dangers seriously. Works Cited Bailey, Ronald. The Twin Paradox. Reason Online. May 1997. Beddington, Rosa. Cloning. 1997. Been, Jennie. Can we and should we clone humans? Bohlin, Dr. Ray. Can Humans Be Cloned Like Sheep? 1997. Deltapoint, Inc. Human Cloning and Re-Engineering. 1996 Green, Ronald M. I, Clone. Scientific American. September 1999. Hawley, Aaron. Cloning. March 2, 1998. Kilner, Dr. John F. Cloning Around. Life Advocate. July/August 1997. National Bioethics Advisory Commission. Executive Summary - Cloning Human Beings. June 1997. Ramey, Cathy. Cloning: A Theological View. Life Advocate. July/August 1997. Robinson, Bruce A. Ethical Aspects of Human Cloning. January 15, 2000. Slouching Towards Creation. Time. World Book v 1.4 Cloning: Are Humans Next? 1999.

Summary Essay

Brett Virkelyst Leanne Rowley WR 095 4/9/2013 â€Å"William Zinsser Simplicity Summary† William Zinsser begins with telling us that we clutter our sentences too often in American Writing. Essentially, we shouldn’t try to put so many extra words into our sentences; we need to get it down to its simplest form, so the reader can understand the sentence clearly and efficiently. Citizens today are spending too much time trying to emphasize their sentences, trying to sound smarter, or they think it will get their point across better.Readers may find the writing very difficult to read, and they usually won’t be able to portray the message that the writer is trying to convey. We ask, what is the real question and how can we solve this? Citizens would love to get rid of this problem, and Zinsser has a few solutions on how we can get rid of cluttered writing forever. Human beings do not want to challenge, nor do they want to go above and beyond of what we think that we are capable of writing wise. Nobody likes reading something and not knowing what they are talking about, it makes for a very unpleasant experience. Also you can read this summary –  Protecting Freedom of Expression on the CampusZinsser says that all we have to do is â€Å"clear our heads of clutter. Clear thinking becomes clear writing: one can’t exist without the other. † Once you have strayed away the reader, there is no hope for them to finish that story, it is game over. Cluttering will more then likely make the reader lose their interest, after a paragraph or two. Articles can end up being so cluttered, that it doesn’t only end up being the dullness that turned the reader away, it may be that they simply couldn’t understand what it meant. Always ask yourself â€Å"what am I trying to say? because some people are not naturally born to be clear headed writers. You have got to make sure to make the material clear and to the point. Make sure words aren’t being used that have the same meaning, also don’t use prior sentences and try to word them differently. Learn to ditch the b ad parts of the material, because not everything will make the final cut. Once you learn this, your message will be able to be conveyed smooth and direct. Work Cited Zinsser, William. â€Å"Simplicity. † Language Awareness: Essays for College Writers. Eds. P. Escholz & A. Rosa. New York: St. Martins, 1997. 50-55. Print.

Interest and Topic

CHAPTER 9Basic Macroeconomic Relationships TopicQuestion numbers:Consumption function/APC/MPC 1-39Saving function/APS/MPS 40-53Shifts in consumption and saving functions 54-69Graphs/tables: mixed consumption and saving 70-106Investment demand 107-145Multiplier effect 146-181Consider This 182-183Last Word 184-185True-False 186-200Multiple Choice Questions Consumption function/APC/MPCType: A Topic: 1 E: 152 MA: 152 .The most important determinant of consumer spending is:A)the level of household debt.B)the stock of wealth.C)consumer expectations.D)the level of income.Answer: DType: D Topic: 1 E: 152 MA: 1522. The most important determinant of consumption and saving is the:A)level of bank credit.B) level of income.C) interest rate.D) price level.Answer: BType: A Topic: 1 E: 156 MA: 1563. If Smith's disposable income increases from $1,200 to $1,700 and her level of saving increases from minus $100 to a plus $100, her marginal propensity to:A)save is three-fifths.C)consume is three-fifths. B)consume is one-half.D)consume is one-sixth.Answer: CType: A Topic: 1 E: 156 MA: 1564. With an MPS of . 4, the MPC will be:A)1. 0 minus . 4.B) . 4 minus 1. 0.C) the reciprocal of the MPS.D) . 4.Answer: AType: D Topic: 1 E: 156 MA: 1565. The MPC can be defined as that fraction of a:A)change in income that is not spent.C)given total income that is not consumed.B)change in income that is spent.D)given total income that is consumed.Answer: BType: A Topic: 1 E: 154 MA: 1546. The 45-degree line on a graph relating consumption and income shows:A)all points where the MPC is constant.B)all points at which saving and income are equal.C)all the points at which consumption and income are equal.D)the amounts households will plan to save at each possible level of income.Answer: CType: A Topic: 1 E: 154 MA: 1547. As disposable income goes up the:A)APC falls.C)volume of consumption declines absolutely.B)APS falls.D)volume of investment diminishes.Answer: AType: D Topic: 1 E: 153 MA: 1538. The cons umption schedule shows:A)that the MPC increases in proportion to GDP.B)that households consume more when interest rates are low.C)that consumption depends primarily on the level of business investment.D)the amounts households plan or intend to consume at various possible levels of aggregate income.Answer: DType: D Topic: 1 E: 153 MA: 1539. The consumption schedule relates:A)consumption to the level of disposable income.C)disposable income to domestic income.B)saving to the level of disposable income.D)consumption to saving.Answer: AType: A Topic: 1 E: 153 MA: 15310. A decline in disposable income:A)increases consumption by moving upward along a specific consumption schedule.B)decreases consumption because it shifts the consumption schedule downward.C)decreases consumption by moving downward along a specific consumption schedule.D)increases consumption because it shifts the consumption schedule upward.Answer: CType: D Topic: 1 E: 154 MA: 15411. The APC is calculated as:A)change in co nsumption / change in incomeC)change in income / change in consumptionB)consumption / incomeD)income / consumptionAnswer: BType: A Topic: 1 E: 153 MA: 15312. The consumption schedule shows:A)a direct relationship between aggregate consumption and accumulated wealth.B)a direct relationship between aggregate consumption and aggregate income.C)an inverse relationship between aggregate consumption and accumulated financial wealth.D)an inverse relationship between aggregate consumption and aggregate income.Answer: BType: D Topic: 1 E: 153 MA: 15313. The APC can be defined as the fraction of a:A)change in income that is not spent.B)change in income that is spent.C)specific level of total income that is not consumed.D)specific level of total income that is consumed.Answer: DType: G Topic: 1 E: 154-155 MA: 154-15514. The consumption schedule in the above diagram indicates that:A)consumers will maximize their satisfaction where the consumption schedule and 45 ° line intersect.B)up to a poi nt consumption exceeds income, but then falls below income.C)the MPC falls as income increases.D)households consume as much as they earn.Answer: BType: A Topic: 1 E: 154 MA: 15415. The consumption schedule is drawn on the assumption that as income increases consumption will:A)be unaffected.B)increase absolutely, but remain constant as a percentage of income.C)increase absolutely, but decline as a percentage of income.D)increase both absolutely and as a percentage of income.Answer: CType: A Topic: 1 E: 154 MA: 15416. Which of the following is correct?A)APC + APS = 1.B) APC + MPS = 1.C) APS + MPC = 1.D) APS + MPS = 1.Answer: AType: A Topic: 1 E: 154-156 MA: 16117. The consumption schedule is such that:A)both the APC and the MPC increase as income rises.B)the APC is constant and the MPC declines as income rises.C)the MPC is constant and the APC declines as income rises.D)the MPC and APC must be equal at all levels of income.Answer: CType: A Topic: 1 E: 154 MA: 15418. For all levels of income to the left of the intersection of the 45-degree line and the consumption schedule, the APC is:A)greater than 100 percent.B) less than the APS.C) equal to the MPC.D) equal to 100 percent.Answer: AType: A Topic: 1 E: 156 MA: 15619. The consumption and saving schedules reveal that the:A)MPC is greater than zero, but less than one.B)MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line.C)APS is positive at all income levels.D)MPC is equal to or greater than one at all income levels.Answer: AType: A Topic: 1 E: 156 MA: 15620. The size of the MPC is assumed to be:A)less than zero.B) greater than one.C) greater than zero, but less than one.D) two or more.Answer: CType: A Topic: 1 E: 153-154 MA: 153-15421. As disposable income increases, consumption:A)and saving both increase.C)decreases and saving increases.B)and saving both decrease.D)increases and saving decreases.Answer: AType: D Topic: 1 E: 154 MA: 15422. The average propensity to consu me indicates the:A)amount by which income exceeds consumption.B)relationship between a change in saving and the consequent change in consumption.C)percentage of total income that will be consumed.D)percentage of a change in income that will be consumed.Answer: CType: A Topic: 1 E: 153 MA: 15323. The relationship between consumption and disposable income is such that:A)an inverse and stable relationship exists between consumption and income.B)a direct, but very volatile, relationship exists between consumption and income.C)a direct and relatively stable relationship exists between consumption and income.D)the two are always equal.Answer: CType: A Topic: 1 E: 156 MA: 15624. If the MPC is . 8 and disposable income is $200, thenA)consumption and saving cannot be determined from the information given.B)saving will be $20.C)personal consumption expenditures will be $80.D)saving will be $40.Answer: AType: A Topic: 1 E: 156 MA: 15625. The MPC for an economy is:A)the slope of the consumption schedule or line.B)the slope of the savings schedule or line.C)1 divided by the slope of the consumption schedule or line.D)1 divided by the slope of the savings schedule or line.Answer: AType: F Topic: 1 E: 158 MA: 15826. In contrast to investment, consumption is:A)relatively stable.B) relatively unstable.C) measurable.D) unmeasurable.Answer: AUse the following to answer questions 27-28: Advanced analysis) Answer the next question(s) on the basis of the following consumption schedule: C = 20 + . 9Y , where C is consumption and Y is disposable income.Type: E Topic: 1 E: 156 MA: 15627. Refer to the above data. The MPC is:A). 45.B) . 20.C) . 50.D) . 90.Answer: DType: E Topic: 1 E: 156 MA: 15628. Refer to the above data. At an $800 level of disposable income, the level of saving is:A)$180.B) $740.C) $60.D) $18.Answer: CType: A Topic: 1 E: 156 MA: 15629. Which one of the following will cause a movement down along an economy's consumption schedule?A)an increase in stock pricesC)an incre ase in consumer indebtednessB)a decrease in stock pricesD)a decrease in disposable incomeAnswer: DType: G Topic: 1 E: 156 MA: 15630. The above diagram shows consumption schedules for economies A and B. We can say that the:A)MPC is greater in B than in A.B)APC at any given income level is greater in B than in A.C)MPS is smaller in B than in A.D)MPC is greater in A than in B.Answer: DType: A Topic: 1 E: 154 MA: 15431. At the point where the consumption schedule intersects the 45-degree line:A)the MPC is 1. 00.C)saving is equal to consumption.B)the APC is 1. 0.D)the economy is in equilibrium.Answer: BType: C Topic: 1 E: 156 MA: 15632. Holly's break-even level of income is $10,000 and her MPC is 0. 75. If her actual disposable income is $16,000, her level of:A)consumption spending will be $14,500.C)consumption spending will be $13,000.B)consumption spending will be $15,500.D)saving will be $2,500.Answer: AType: A Topic: 1 E: 156 MA: 15633. If Ben's MPC is . 80, this means that he will:A )spend eight-tenths of any increase in his disposable income.B)spend eight-tenths of any level of disposable income.C)break even when his disposable income is $8,000.D)save two-tenths of any level of disposable income.Answer: AType: A Topic: 1 E: 154 MA: 15434. Suppose a family's consumption exceeds its disposable income. This means that its:A)MPC is greater than 1.B) MPS is negative.C) APC is greater than 1.D) APS is positive.Answer: CType: E Topic: 1 E: 154 MA: 15435. (Advanced analysis) If the equation for the consumption schedule is C = 20 + 0. 8Y , where C is consumption and Y is disposable income, then the average propensity to consume is 1 when disposable income is:A)$80.B) $100.C) $120.D) $160.Answer: BType: E Topic: 1 E: 156 MA: 15636. (Advanced analysis) The equation C = 35 + . 75Y , where C is consumption and Y is disposable income, shows that:A)households will consume three-fourths of whatever level of disposable income they receive.B)households will consume $35 if their disposable income is zero and will consume three-fourths of any increase in disposable income they receive.C)there is an inverse relationship between disposable income and consumption.D)households will save $35 if their disposable income is zero and will consume three-fourths of any increase in disposable income they receive.Answer: BType: E Topic: 1 E: 156 MA: 15637. Advanced analysis) If the equation C = 20 + . 6Y , where C is consumption and Y is disposable income, were graphed:A)the vertical intercept would be +. 6 and the slope would be +20.B)it would reveal an inverse relationship between consumption and disposable income.C)the vertical intercept would be negative, but consumption would increase as disposable income rises.D)the vertical intercept would be +20 and the slope would be +. 6.Answer: DType: A Topic: 1 E: 154 MA: 15438. One can determine the amount of any level of total income that is consumed by:A)multiplying total income by the slope of the consumption schedule.B) multiplying total income by the APC.C)subtracting the MPS from total income.D)multiplying total income by the MPC.Answer: BType: C Topic: 1 E: 154, 156 MA: 154, 15639. Which of the following is correct?A)MPC + MPS = APC + APSC)APC + MPC = APS + MPSB)APC + MPS = APS + MPCD)APC – APS = MPC – MPSAnswer: A Saving function/APS/MPSType: A Topic: 2 E: 154 MA: 15440. The consumption and saving schedules reveal that:A)consumption rises, but saving declines, as disposable income rises.B)saving varies inversely with the profitability of investment.C)saving varies directly with the level of disposable income.D)saving is inversely related to the rate of interest.Answer: CType: D Topic: 2 E: 154 MA: 15441. Dissaving means:A)the same thing as disinvesting.B)that households are spending more than their current incomes.C)that saving and investment are equal.D)that disposable income is less than zero.Answer: BType: D Topic: 2 E: 154 MA: 15442. Dissaving occurs where:A)income exceeds con sumption.C)consumption exceeds income.B)saving exceeds consumption.D)saving exceeds income.Answer: CType: A Topic: 2 E: 156 MA: 15643. Which of the following relations is not correct?A)1 – MPC = MPSB) APS + APC = 1C) MPS = MPC + 1D) MPC + MPS = 1Answer: CType: A Topic: 2 E: 154 MA: 15444. The saving schedule is drawn on the assumption that as income increases:A)saving will decline absolutely and as a percentage of income.B)saving will increase absolutely, but remain constant as a percentage of income.C)saving will increase absolutely, but decline as a percentage of income.D)saving will increase absolutely and as a percentage of income.Answer: DType: A Topic: 2 E: 154 MA: 15445. At the point where the consumption schedule intersects the 45-degree line:A)the MPC equals 1.B) the APC is zero.C) saving equals income.D) saving is zero.Answer: DType: A Topic: 2 E: 154 MA: 15446. The saving schedule is such that as aggregate income increases by a certain amount saving:A)increases by the same amount as the increase in income.B)does not change.C)increases, but by a smaller amount.D)increases by an even larger amount.Answer: CType: A Topic: 2 E: 156 MA: 15647. If the consumption schedule is linear, then the:A)saving schedule will also be linear.C)MPC will decline as income rises.B)MPS will decline as income rises.D)APC will be constant at all levels of income.Answer: AType: A Topic: 2 E: 153 MA: 15348. Given the consumption schedule, it is possible to graph the relevant saving schedule by:A)subtracting the MPC from 1 at each level of income.B)subtracting investment from consumption at each level of GDP.C)plotting the horizontal differences between the consumption schedule and the 45-degree line.D)plotting the vertical differences between the consumption schedule and the 45-degree line.Answer: DType: A Topic: 2 E: 154 MA: 15449. As aggregate income decreases, the APC:A)and APS will both increase.C)will increase, but the APS will decrease.B)will decrease, but the AP S will increase.D)and APS will both decrease.Answer: CType: A Topic: 2 E: 156 MA: 15650. If the marginal propensity to consume is . 9, then the marginal propensity to save must be:A)1.B) . 1.C) 1. 1.D) . 9.Answer: BType: A Topic: 2 E: 156 MA: 15651. The greater is the marginal propensity to consume, the:A)smaller is the marginal propensity to save.C)lower is the average propensity to consume.B)higher is the interest rate.D)lower is the price level.Answer: AType: A Topic: 2 E: 156 MA: 15652. If the saving schedule is a straight line, the:A)MPS must be constant.C)APC must be constant.B)APS must be constant.D)MPC must be rising.Answer: AType: A Topic: 2 E: 154 MA: 15453. Which one of the following will cause a movement up along an economy's saving schedule?A)an increase in household debt outstandingC)an increase in stock pricesB)an increase in disposable incomeD)an increase in interest ratesAnswer: B Shifts in consumption and saving functionsType: D Topic: 3 E: 156-157 MA: 156-15754. I n the late 1990s the U. S. stock market boomed, causing U. S. consumption to rise. Economists refer to this outcome as the:A)Keynes effect.B) interest-rate effect.C) wealth effect.D) multiplier effect.Answer: CType: A Topic: 3 E: 157 MA: 15755. The wealth effect is shown graphically as a:A)shift of the consumption schedule.B)movement along an existing consumption schedule.C)shift of the investment schedule.D)movement along an existing investment schedule.Answer: AUse the following to answer questions 56-59:Type: G Topic: 3 E: 157 MA: 15756. Refer to the above graph. A movement from b to a along C1 might be caused by a:A)recession.B)wealth effect of an increase in stock market prices.C)decrease in income tax rates.D)increase in saving.Answer: AType: G Topic: 3 E: 157 MA: 15757. Refer to the above graph. A shift of the consumption schedule from C1 to C2 might be caused by a:A)recession.B)wealth effect of an increase in stock market prices.C)increase in income tax rates.D)increase in s aving.Answer: BType: G Topic: 3 E: 157 MA: 15758. Refer to the above graph. A movement from a to b along C1 might be caused by a:A)recession.B)wealth effect of an increase in stock market prices.C)increase in income tax rates.D)increase in real GDP.Answer: DType: G Topic: 3 E: 157 MA: 15759. Refer to the above graph. A shift of the consumption schedule from C2 to C1 might be caused by a:A)increase in real GDP.B)reverse wealth effect, caused by a decrease in stock market prices.C)decrease in income tax rates.D)decrease in saving.Answer: BType: C Topic: 3 E: 157 MA: 15760. An upward shift of the saving schedule suggests:A)nothing with respect to changes in the APC and APS.B)that the APC and APS have both decreased at each GDP level.C)that the APC and APS have both increased at each GDP level.D)that the APC has decreased and the APS has increased at each GDP level.Answer: DType: A Topic: 3 E: 157 MA: 15761. Which of the following will not tend to shift the consumption schedule upward?A )a currently small stock of durable goods in the possession of consumersB)the expectation of a future decline in the consumer price indexC)a currently low level of household debt.D)the expectation of future shortages of essential consumer goods.Answer: BType: A Topic: 3 E: 157 MA: 15762. If the consumption schedule shifts upward and the shift was not caused by a tax change, the saving schedule:A)will not shift.C)will shift downward.B)may shift either upward or downward.D)will also shift upward.Answer: CType: A Topic: 3 E: 156 MA: 15663. Which of the following will not cause the consumption schedule to shift?A)a sharp increase in the amount of wealth held by householdsB)a change in consumer incomesC)the expectation of a recessionD)a growing expectation that consumer durables will be in short supplyAnswer: BType: A Topic: 3 E: 157 MA: 15764. An increase in personal taxes will shift:A)both the consumption and saving schedules downward.B)both the consumption and saving schedules upward. C)the consumption schedule upward and the saving schedule downward.D)the consumption schedule downward and the saving schedule upward.Answer: AType: A Topic: 3 E: 157 MA: 15765. If for some reason households become increasingly thrifty, we could show this by:A)a downshift of the saving schedule.C)an upshift of the saving schedule.B)an upshift of the consumption schedule.D)an increase in the equilibrium GDP.Answer: CType: G Topic: 3 E: 156 MA: 15666. Suppose the economy's saving schedule shifts from S1 to S 2 as shown in the above diagram. We can say that its:A)MPC has increased.B)MPS has increased.C)APS has increased at all levels of disposable income.D)APS has decreased at all levels of disposable income.Answer: BType: C Topic: 3 E: 154 MA: 15467. If a consumption schedule shifts upward, this necessarily means that the:A)MPC has increased.B)MPS has decreased.C)APC is now higher at each level of disposable income.D)APC is now lower at each level of disposable income.Answer: CType: A Topic: 3 E: 158 MA: 15868. Assume the economy's consumption and saving schedules simultaneously shift downward. This must be the result of:A)an increase in disposable income.C)an increase in personal taxes.B)an increase in household wealth.D)the expectation of a recession.Answer: CType: G Topic: 3 E: 154 MA: 15469. Suppose an economy's consumption schedule shifts from C1 to C2 as shown in the above diagram. We can say that its:A)MPC has increased but its APC at each income level is unchanged.B)APC at each income level is increased but its MPC is unchanged.C)MPC and APC at each income level have both increased.D)MPC and APC at each income level have both decreased.Answer: CGraphs/tables: mixed consumption and saving Use the following to answer questions 70-72:Type: T Topic: 4 E: 156 MA: 15670. Refer to the above data. The marginal propensity to consume is:A). 25.B) . 75.C) . 20.D) . 80.Answer: DType: T Topic: 4 E: 154 MA: 15471. Refer to the above data. At the $200 level of disposab le income:A)the marginal propensity to save is 2? percent.C)the average propensity to save is . 20.B)dissaving is $5.D)the average propensity to consume is . 80.Answer: BType: T Topic: 4 E: 156 MA: 15672. Refer to the above data. If disposable income was $325, we would expect consumption to be:A)$315.B) $305.C) $20.D) $290.Answer: BUse the following to answer questions 73-78:Type: G Topic: 4 E: 154 MA: 15473. Refer to the above diagram. The average propensity to consume is 1 at point:A)F.B) A.C) D.D) B.Answer: BType: G Topic: 4 E: 156 MA: 15674. Refer to the above diagram. The marginal propensity to consume is equal to:A)AE/0E.B) CF/CD.C) CB/AB.D) CD/CF.Answer: CType: G Topic: 4 E: 154-155 MA: 154-15575. Refer to the above diagram. At income level F the volume of saving is:A)BD.B) AB.C) CF-BF.D) CD.Answer: DType: G Topic: 4 E: 154 MA: 15476. Refer to the above diagram. Consumption will be equal to income at:A)an income of E.B) an income of F.C) point C.D) point D.Answer: AType: G To pic: 4 E: 154-155 MA: 154-15577. Refer to the above diagram. The economy is dissaving:A)in the amount CD.C)at income level H.B)at all income levels greater than E.D)at income level E.Answer: CType: G Topic: 4 E: 156 MA: 15678. Refer to the above diagram. The marginal propensity to save is:A)CD/EF.B) CB/CF.C) CB/AF.D) EF/CB.Answer: AUse the following to answer questions 79-80:Type: A Topic: 4 E: 153 MA: 15379. The above figure suggests that:A)consumption would be $60 billion even if income were zero.B)saving is zero at the $120 billion income level.C)as income increases, consumption decreases as a percentage of income.D)as income increases, consumption decreases absolutely.Answer: CType: A Topic: 4 E: 154-155 MA: 154-15580. Refer to the above figure. If the relevant saving schedule were constructed:A)saving would be minus $20 billion at the zero level of income.B)aggregate saving would be $60 at the $60 billion level of income.C)its slope would be 1/2.D)it would slope downward and to the rightAnswer: AUse the following to answer questions 81-83:Answer the next question(s) on the basis of the following data for a hypothetical economy.Type: T Topic: 4 E: 156 MA: 15681. Refer to the above data. The marginal propensity to consume is:A). 80.B) . 75.C) . 20.D) . 25.Answer: AType: T Topic: 4 E: 154 MA: 15482. Refer to the above data. At the $100 level of income, the average propensity to save is:A). 10.B) . 20.C) . 25.D) . 90.Answer: AType: T Topic: 4 E: 156 MA: 15683. Refer to the above data. If plotted on a graph, the slope of the saving schedule would be:A). 80.B) . 10.C) . 20.D) . 15.Answer: CUse the following to answer questions 84-88:Type: G Topic: 4 E: 156 MA: 15684. Refer to the above diagram. The marginal propensity to save is equal to:A)CD/0D.B) 0B/0A.C) 0D/0D.D) CD/BD.Answer: DType: G Topic: 4 E: 154 MA: 15485. Refer to the above diagram. At disposable income level D, the average propensity to save is equal to:A)CD/BD.B) CD/D.C) D/CD.D) A/B.Answer: BType: G Topic: 4 E: 154-155 MA: 154-15586. Refer to the above diagram. At disposable income level D, consumption is:A)equal to CD.B) equal to D minus CD.C) equal to CD/D.D) equal to CD plus BD.Answer: BType: G Topic: 4 E: 154-155 MA: 154-15587. Refer to the above diagram. Consumption equals disposable income when:A)disposable income is B.B) disposable income is D.C) CD equals A.D) B equals CD.Answer: AType: A Topic: 4 E: 156-157 MA: 156-15788. The saving schedule shown in the above diagram would shift downward if, all else equal:A)the average propensity to save increased at each income level.B)the marginal propensity to save rose at each income level.C)consumer wealth rose rapidly because of a significant increase in stock market prices.D)the real interest rate fell.Answer: CUse the following to answer questions 89-96:Answer the next question(s) on the basis of the following consumption schedules. DI signifies disposable income and C represents consumption expenditures. All figures are in billions of dollars.Type: T Topic: 4 E: 156 MA: 15689. Refer to the above data. The marginal propensity to consume in economy (1) is:A). 5.B) . 3.C) . 8.D) . 7.Answer: DType: T Topic: 4 E: 156 MA: 15690. Refer to the above data. The marginal propensity to consume:A)is highest in economy (1).C)is highest in economy (3).B)is highest in economy (2).D)cannot be calculated from the data given.Answer: CType: T Topic: 4 E: 156 MA: 15691. Refer to the above data. The marginal propensity to save:A)is highest in economy (1).C)is highest in economy (3).B)is highest in economy (2).D)cannot be determined from the data given.Answer: AType: T Topic: 4 E: 154 MA: 15492. Refer to the above data. At an income level of $40 billion, the average propensity to consume:A)is highest in economy (1).C)is highest in economy (3).B)is highest in economy (2).D)cannot be determined from the data given.Answer: BType: T Topic: 4 E: 154 MA: 15493. Refer to the above data. At an income level of $400 billion, the aver age propensity to save in economy (2) is:A). 9125.B) . 0725.C) . 0875.D) . 9305.Answer: CType: T Topic: 4 E: 156 MA: 15694. (Advanced analysis) Refer to the above data. When plotted on a graph, the vertical intercept of the consumption schedule in economy (3) is _____ and the slope is _____.A)minus $2; . 9.B) $2; . 18.C) $100; . 5.D) $2; . 9.Answer: DType: T Topic: 4 E: 158 MA: 15895. Refer to the above data. Suppose that consumption decreased by $2 billion at each level of DI in each of the three countries. We can conclude that the:A)marginal propensity to consume will remain unchanged in each of the three countries.B)marginal propensity to consume will decline in each of the three countries.C)average propensity to save will fall at each level of DI in each of the three countries.D)marginal propensity to save will rise in each of the three countries.Answer: AType: T Topic: 4 E: 157 MA: 15796. Refer to the above data. A $2 billion increase in consumption at each level of DI could be caused by:A)a decrease in consumer wealth.C)an increase in taxation.B)new expectations of higher future income.D)an increase in saving.Answer: BUse the following to answer questions 97-100:Type: G Topic: 4 E: 154 MA: 15497. Refer to the above diagram. The break-even level of disposable income:A)is zero.B) is minus $10.C) is $100.D) cannot be determined from the information given.Answer: CType: G Topic: 4 E: 156 MA: 15698. Refer to the above diagram. The marginal propensity to consume is:A). 2.B) . 8.C) . 4.D) . 3.Answer: BType: G Topic: 4 E: 156 MA: 15699. (Advanced analysis) The equation for the above saving schedule is:A)Yd = -20 + . 8S.B) Yd = 20 + . 2S.C) S = -20 + . 2Yd.D) S = 20 + . 8Yd.Answer: CType: G Topic: 4 E: 154-155 MA: 154-155100. Refer to the above diagram. The average propensity to consume:A)is greater than 1 at all levels of disposable income above $100.B)is greater than 1 at all levels of disposable income below $100.C)is equal to the average propensity to save.D) cannot be determined from the information given.Answer: BUse the following to answer questions 101-104:Type: G Topic: 4 E: 154 MA: 154101. Refer to the above diagram. The break-even level of income is:A)zero.B) $150.C) $60.D) $120.Answer: BType: G Topic: 4 E: 154 MA: 154102. Refer to the above diagram. The average propensity to consume is:A)greater than 1 at all levels of income above $150.B)greater than 1 at all levels of income below $150.C)zero.D). 6.Answer: BType: G Topic: 4 E: 156 MA: 156103. Refer to the above diagram. The marginal propensity to consume is:A). 4.B) . 6.C) . 5.D) . 8.Answer: BType: G Topic: 4 E: 156 MA: 156104. (Advanced analysis) Refer to the above diagram. The equation for the consumption schedule is:A)C = . 6Y .B) Y = 60 + . C.C) C = 60 + . 6Y .D) C = 60 + . 4Y .Answer: CUse the following to answer questions 105-106: (Advanced analysis) Answer the next question(s) on the basis of the following data:Type: T Topic: 4 E: 156 MA: 156105. Which of the following e quations correctly represents the above data?A)Yd = 40 + . 6CB) C = 60 + . 4YdC) C = 40 + . 6YdD) C = . 6YdAnswer: CType: T Topic: 4 E: 156 MA: 156106. Which of the following equations represents the saving schedule implicit in the above data?A)S = C – YdB) S = 40 + . 4YdC) S = 40 + . 6YdD) S = -40 + . YdAnswer: DInvestment demandType: F Topic: 5 E: 160 MA: 160 Status: New107. The investment demand curve portrays an inverse (negative) relationship between:A)investment and real GDP.C)the nominal interest rate and investment.B)the real interest rate and investment.D)the price level and investment.Answer: BType: F Topic: 5 E: 160 MA: 160 Status: New108. The investment demand slopes downward and to the right because lower real interest rates:A)expand consumer borrowing, making investments more profitable.B)boost expected rates of returns on investment.C)enable more investment projects to be undertaken profitably.D)create tax incentives to invest.Answer: CType: ATopic: 5 E: 159 MA : 159 Status: New109. Other things equal, a decrease in the real interest rate will:A)shift the investment demand curve to the right.B)shift the investment demand curve to the left.C)move the economy upward along its existing investment demand curve.D)move the economy downward along its existing investment demand curve.Answer: DType: A Topic: 5 E: 159 MA: 159110. Suppose that a new machine tool having a useful life of only one year costs $80,000. Suppose, also, that the net additional revenue resulting from buying this tool is expected to be $96,000. The expected rate of return on this tool is:A)80 percent.B) 8 percent.C) 2 percent.D) 20 percent.Answer: DType: A Topic: 5 E: 159 MA: 159111. Assume a machine which has a useful life of only one year costs $2,000. Assume, also, that net of such operating costs as power, taxes, and so forth, the additional revenue from the output of this machine is expected to be $2,300. The expected rate of return on this machine is:A)7. 5 percent.B) 10 percent.C) 15 percent.D) 20 percent.Answer: CType: A Topic: 5 E: 159 MA: 159112. If the firm in the previous question finds it can borrow funds at an interest rate of 10 percent the firm should:A)not purchase the machine because the expected rate of return exceeds the interest rate.B)not purchase the machine because the interest rate exceeds the expected rate of return.C)purchase the machine because the expected rate of return exceeds the interest rate.D)purchase the machine because the interest rate exceeds the expected rate of return.Answer: CType: D Topic: 5 E: 159-160 MA: 159-160113. The relationship between the real interest rate and investment is shown by the:A)investment demand schedule.C)saving schedule.B)consumption of fixed capital schedule.D)aggregate supply curve.Answer: AType: A Topic: 5 E: 159-160 MA: 159-160114. Given the expected rate of return on all possible investment opportunities in the economy:A)an increase in the real rate of interest will reduce the level of investment.B)a decrease in the real rate of interest will reduce the level of investment.C)a change in the real interest rate will have no impact on the level of investment.D)an increase in the real interest rate will increase the level of investment.Answer: AType: A Topic: 5 E: 159-160 MA: 159-160115. A decline in the real interest rate will:A)increase the amount of investment spending.C)shift the investment demand curve to the right.B)shift the investment schedule downward.D)shift the investment demand curve to the left.Answer: AType: A Topic: 5 E: 159-160 MA: 159-160116. The immediate determinants of investment spending are the:A)expected rate of return on capital goods and the real interest rate.B)level of saving and the real interest rate.C)marginal propensity to consume and the real interest rate.D)interest rate and the expected price level.Answer: AType: A Topic: 5 E: 160 MA: 160117. The investment demand curve suggests:A)that changes in the real interest rate will not affec t the amount invested.B)there is an inverse relationship between the real rate of interest and the level of investment spending.C)that an increase in business taxes will tend to stimulate investment spending.D)there is a direct relationship between the real rate of interest and the level of investment spending.Answer: BType: T Topic: 5 E: 160 MA: 160118. Assume there are no prospective investment projects (I) that will yield an expected rate of return (r) of 25 percent or more, but that there are $5 billion of investment opportunities with an expected rate of return between 20 and 25 percent, an additional $5 billion between 15 and 20 percent, and so on. The investment-demand curve for this economy is:Answer: BType: T Topic: 5 E: 160 MA: 160119. In view of your answer to the previous question, if the real interest rate is 15 percent in this economy, the aggregate amount of investment will be:A)$25.B) $20.C) $15.D) $10.Answer: DType: C Topic: 5 E: 162 MA: 162120. If business taxes ar e reduced and the real interest rate increases:A)consumption and saving will necessarily increase.B)the level of investment spending might either increase or decrease.C)the level of investment spending will necessarily increase.D)the level of investment spending will necessarily decrease.Answer: BType: A Topic: 5 E: 162 MA: 162121. Other things equal, a 10 percent decrease in corporate income taxes will:A)decrease the market price of real capital goods.B)have no effect on the location of the investment-demand curve.C)shift the investment-demand curve to the right.D)shift the investment-demand curve to the left.Answer: CType: A Topic: 5 E: 162 MA: 162122. The investment demand curve will shift to the right as the result of:A)the availability of excess production capacity.B)an increase in business taxes.C)businesses becoming more optimistic about future business conditions.D)an increase in the real interest rate.Answer: CType: A Topic: 5 E: 159-160 MA: 159-160123. Other things equal, the real interest rate and the level of investment are:A)related only when saving equals planned investment.B)unrelated.C)inversely related.D)directly related.Answer: CUse the following to answer questions 124-125:Answer the next question(s) on the basis of the following table:Type: T Topic: 5 E: 160 MA: 160124. The above table reflects a(n):A)interest rate schedule.C)investment demand schedule.B)demand-for-money schedule.D)profit schedule.Answer: CType: T Topic: 5 E: 160 MA: 160125. The above schedule indicates that if the real interest rate is 8 percent, then:A)we cannot tell what volume of investment will be profitable.B)$30 billion will be both saved and invested.C)$30 billion of investment will be undertaken.D)$60 billion of investment will be undertaken.Answer: CType: C Topic: 5 E: 162 MA: 162126. Other things equal, if the real interest rate falls and business taxes rise:A)investment will rise until it is equal to saving.B)we will be uncertain as to the resulting change in in vestment.C)we can be certain that investment will rise.D)we can be certain that investment will fall.Answer: BType: A Topic: 5 E: 162 MA: 162127. The investment demand curve will shift to the right as a result of:A)an increase in the excess production capacity available in industry.B)an increase in business taxes.C)technological progress.D)an increase in the acquisition and maintenance cost of capital goods.Answer: CType: A Topic: 5 E: 162 MA: 162128. The investment demand curve will shift to the left as a result of:A)an increase in the excess production capacity available in industry.B)a decrease in business taxes.C)increased business optimism with respect to future economic conditions.D)a decrease in labor costs.Answer: AType: A Topic: 5 E: 159 MA: 159129. If the real interest rate in the economy is i and the expected rate of return from additional investment is r, then more investment will be forthcoming when:A)r falls.B) i is greater than r.C) r is greater than i.D) i rises.Answ er: CType: A Topic: 5 E: 162 MA: 162130. A rightward shift of the investment demand curve might be caused by:A)an increase in the price level.B)a decline in the real interest rate.C)an increase in the expected rate of return on investment.D)an increase in business taxes.Answer: CType: A Topic: 5 E: 159 MA: 159131. The real interest rate is:A)the percentage increase in money that the lender receives on a loan.B)the percentage increase in purchasing power that the lender receives on a loan.C)also called the after-tax interest rate.D)usually higher than the nominal interest rate.Answer: BType: A Topic: 5 E: 160 MA: 160132. When we draw an investment demand curve we hold constant all of the following except:A)the expected rate of return on the investment.C)the interest rate.B)business taxes.D)the present stock of capital goods.Answer: CType: A Topic: 5 E: 159 MA: 159133. If the nominal interest rate is 18 percent and the real interest rate is 6 percent, the inflation rate is:A)18 percen t.B) 24 percent.C) 12 percent.D) 6 percent.Answer: CType: A Topic: 5 E: 159-160 MA: 159-160134. If the inflation rate is 10 percent and the real interest rate is 12 percent, the nominal interest rate is:A)2 percent.B) zero percent.C) 10 percent.D) 22 percent.Answer: DType: A Topic: 5 E: 160 MA: 160135. A high rate of inflation is likely to cause a:A)high nominal interest rate.C)low rate of growth of nominal GDP.B)low nominal interest rate.D)decrease in nominal wages.Answer: AType: A Topic: 5 E: 160 MA: 160136. If the real interest rate in the economy is i and the expected rate of return on additional investment is r, then other things equal:A)more investment will be forthcoming when i exceeds r.B)less investment will be forthcoming when r rises.C)r will fall as more investment is undertaken.D)r will exceed i at all possible levels of investment.Answer: CType: A Topic: 5 E: 159 MA: 159137. If the real interest rate in the economy is i and the expected rate of return on additional inv estment is r, then other things equal:A)investment will take place until i and r are equal.B)investment will take place until r exceeds i by the greatest amount.C)r will rise as more investment is undertaken.D)i will fall as more investment is undertaken.Answer: AType: G Topic: 5 E: 160 MA: 160138. Assume that for the entire business sector of a private closed economy there is $0 worth of investment projects that will yield an expected rate of return of 25 percent or more. But there are $15 worth of investments that will yield an expected rate of return of 20-25 percent; another $15 with an expected rate of return of 15-20 percent; and similarly an additional $15 of investment projects in each successive rate of return range down to and including the 0-5 percent range. Which of the lines on the above diagram represents these data?A)AB) BC) CD) DAnswer: BUse the following to answer questions 139-141:Answer the next question(s) on the basis of the following information for a private c losed economy. Assume that for the entire business sector of the economy there is $0 worth of investment projects that will yield an expected rate of return of 25 percent or more. But there are $15 worth of investments that will yield an expected rate of return of 20-25 percent; another $15 with an expected rate of return of 15-20 percent; and similarly an additional $15 of investment projects in each successive rate of return range down to and including the 0-5 percent range.Type: G Topic: 5 E: 159 MA: 159139. Refer to the above information. If the real interest rate is 15 percent, what amount of investment will be undertaken?A)$15B) $30C) $45D) $60Answer: BType: G Topic: 5 E: 159 MA: 159140. Refer to the above information. If the real interest rate is 5 percent, what amount of investment will be undertaken?A)$15B) $30C) $45D) $60Answer: DType: G Topic: 5 E: 160 MA: 160141. Refer to the above information. The expected rate of return curve:A)shows a direct relationship between the i nterest rate and investment.B)is also the investment demand curve.C)is indeterminant.D)implies a direct (positive) relationship between the interest rate and the level of GDP.Answer: BUse the following to answer questions 142-144:Type: G Topic: 5 E: 162 MA: 162 Status: New142. Which of the following would shift the investment demand curve from ID1 to ID2?A)a lower interest rateC)a higher interest rateB)lower expected rates of return on investmentD)higher expected rates of return on investmentAnswer: DType: G Topic: 5 E: 162 MA: 162 Status: New143. Which of the following would shift the investment demand curve from ID1 to ID3?A)a lower interest rateC)a higher interest rateB)lower expected rates of return on investmentD)higher expected rates of return on investmentAnswer: BType: G Topic: 5 E: 160 MA: 160 Status: New144. Which of the following would increase investment, while leaving an existing investment demand curve, say, ID2, in place?A)a lower interest rateC)lower expected returns on investmentB)a higher interest rateD)higher expected returns on investmentAnswer: AType: F Topic: 5 E: 162-163 MA: 162-163 Status: New145. In annual percentage terms, investment spending in the United States is:A)less variable than real GDP.C)less variable than the price level.B)less variable than consumption spending.D)more variable than real GDP.Answer: DMultiplier effectType: A Topic: 6 E: 164 MA: 164146. The multiplier effect means that:A)consumption is typically several times as large as saving.B)a change in consumption can cause a larger increase in investment.C)an increase in investment can cause GDP to change by a larger amount.D)a decline in the MPC can cause GDP to rise by several times that amount.Answer: CType: E Topic: 6 E: 166 MA: 166147. The multiplier is:A)1/MPC.B) 1/(1 + MPC).C) 1/MPS.D) 1/(1 – MPS).Answer: CType: A Topic: 6 E: 164 MA: 164148. The multiplier is useful in determining the:A)full-employment unemployment rate.B)level of business inventories.C) rate of inflation.D)change in GDP resulting from a change in spending.Answer: DType: D Topic: 6 E: 164 MA: 164149. The multiplier is defined as:A)1 – MPS.C)change in GDP/initial change in spending.B)change in GDP ? initial change in spending.D)change in GDP – initial change in spending.Answer: CUse the following to answer questions 150-151:Type: G Topic: 6 E: 156 MA: 156150. The above figure shows the saving schedules for economies 1, 2, 3, and 4. Which economy has the highest marginal propensity to consume?A)1B) 2C) 3D) 4Answer: DType: G Topic: 6 E: 166 MA: 166151. The above figure shows the saving schedules for economies 1, 2, 3, and 4. Which economy has the largest multiplier?A)1B) 2C) 3D) 4Answer: DType: E Topic: 6 E: 166 MA: 166 152. If 100 percent of any change in income is spent, the multiplier will be:A)equal to the MPC.B) 1.C) zero.D) infinitely large.Answer: DType: E Topic: 6 E: 166 MA: 166153. The multiplier can be calculated as:A)1/(MPS + MPC)B) MPC/MPSC) 1 /(1 – MPC)D) 1 – MPC = MPSAnswer: CType: D Topic: 6 E: 166 MA: 166154. The multiplier:A)occurs only in response to a change in the level of investment spending.B)can be found by taking the reciprocal of the MPS.C)occurs only when intended investment increases as GDP increases.D)is measured by the slope of the saving schedule.Answer: BType: A Topic: 6 E: 166 MA: 166155. The size of the multiplier is equal to the:A)slope of the consumption schedule.B)reciprocal of the slope of the consumption schedule.C)slope of the saving schedule.D)reciprocal of the slope of the saving schedule.Answer: DType: C Topic: 6 E: 166 MA: 166156. If the MPS is only half as large as the MPC, the multiplier is:A)2.B) 3.C) 4.D) 5.Answer: BType: A Topic: 6 E: 166 MA: 166157. If the MPC is . 70 and gross investment increases by $3 billion, the equilibrium GDP will:A)increase by $10 billion.C)decrease by $4. 29 billion.B)increase by $2. 10 billion.D)increase by $4. 29 billion.Answer: AType: A Topic: 6 E: 166 MA: 166158. The numerical value of the multiplier will be smaller the:A)larger the average propensity to consume.C)larger the slope of the consumption schedule.B)larger the slope of the saving schedule.D)smaller the slope of the saving schedule.Answer: BType: A Topic: 6 E: 165 MA: 165159. The practical significance of the multiplier is that it:A)equates the real interest rate and the expected rate of return on investment.B)magnifies initial changes in spending into larger changes in GDP.C)keeps inflation within tolerable limits.D)helps to stabilize the economy.Answer: BType: F Topic: 6 E: 166 MA: 166160. The multiplier:A)varies directly with the slope of the investment demand schedule.B)is unrelated to the slope of the saving schedule.C)will be greater, the smaller is the slope of the saving schedule.D)will be greater, the steeper is the slope of the saving schedule.Answer: CType: A Topic: 6 E: 166 MA: 166161. The increase in income that results from an increase in investm ent spending would be greater the:A)smaller the MPS.B) smaller the APC.C) larger the MPS.D) smaller the MPC.Answer: AType: A Topic: 6 E: 164 MA: 164162. The multiplier effect:A)reduces the MPC.B)magnifies changes in spending into larger changes in output and income.C)promotes stability of the general price level.D)lessens upswings and downswings in business activity.Answer: BType: E Topic: 6 E: 166 MA: 166163. If the MPC is . 6, the multiplier will be:A)4. 0.B) 6. 0.C) 2. 5.D) 1. 67.Answer: CType: C Topic: 6 E: 166 MA: 166164. Assume the MPC is 2/3. If investment spending increases by $2 billion, the level of GDP will increase by:A)$3 billion.B) $2/3 billion.C) $6 billion.D) $2 billion.Answer: CType: E Topic: 6 E: 166 MA: 166165. The multiplier is:A)1/APS.B) 1/APC.C) 1/MPC.D) 1/MPS.Answer: DType: A Topic: 6 E: 164 MA: 164 Status: New166. The multiplier applies to:A)investment but not to net exports or government spending.B)investment, net exports, and government spending.C)increases in spending but not to decreases in spending.D)spending by the private sector but not by the public sector.Answer: BType: A Topic: 6 E: 164 MA: 164167. The multiplier effect indicates that:A)a decline in the interest rate will cause a proportionately larger increase in investment.B)a change in spending will change aggregate income by a larger amount.C)a change in spending will increase aggregate income by the same amount.D)an increase in total income will generate a larger change in aggregate expenditures.Answer: BUse the following to answer questions 168-173:Answer the next question(s) on the basis of the following table that illustrates the multiplier process. Type: T Topic: 6 E: 156 MA: 156168. Refer to the above table. The marginal propensity to consume is:A). 5.B) . 75.C) . 8.D) . 9.Answer: CType: T Topic: 6 E: 156 MA: 156169. Refer to the above table. The marginal propensity to save is:A). 5.B) . 25.C) . 2.D) . 1.Answer: CType: T Topic: 6 E: 156 MA: 156170. Refer to the above table. The change in income in round two will be:A)$4.B) $16.C) $20.D) $24.Answer: BType: T Topic: 6 E: 164 MA: 164171. Refer to the above table. The total change in income resulting from the initial change in investment will be:A)$100.B) $20.C) $80.D) $200.Answer: A Type: T Topic: 6 E: 165 MA: 165172. Refer to the above table. The total change in consumption resulting from the initial change in investment will be:A)$100.B) $96.C) $180.D) $80.Answer: DType: T Topic: 6 E: 166 MA: 166173. Refer to the above table. The multiplier in this economy is:A)2.B) 4.C) 5.D) 10.Answer: CType: C Topic: 6 E: 164 MA: 164174. If a $200 billion increase in investment spending creates $200 billion of new income in the first round of the multiplier process and $160 billion in the second round, the multiplier in the economy is:A)4.B) 5.C) 3. 33.D) 2. 5.Answer: BType: C Topic: 6 E: 164 MA: 164175. If a $50 billion decrease in investment spending causes income to decline by $50 billion in the first round of the multiplier process and by $25 in the second round, the multiplier in the economy is:A)2.B) 3. 33.C) 5.D) 10.Answer: AType: C Topic: 6 E: 165 MA: 165176. If a $100 billion decrease in investment spending causes income to decline by $100 billion in the first round of the multiplier process and by $75 billion in the second round, income will eventually decline by:A)$200 billion.B) $300 billion.C) $400 billion.D) $500 billion.Answer: CType: C Topic: 6 E: 165 MA: 165177. If a $500 billion increase in investment spending increases income by $500 billion in the first round of the multiplier process and by $450 in the second round, income will eventually increase by:A)$2500 billion.B) $3000 billion.C) $4000 billion.D) $5000 billion.Answer: DType: C Topic: 6 E: 166 MA: 166178. If the marginal propensity to save is 0. 2 in an economy, a $20 billion rise in investment spending will increase:A)GDP by $120 billion.C)saving by $25 billion.B)GDP by $20 billion.D)consumption by $80 billion. Answer: DType: A Topic: 6 E: 166 MA: 166179. A $1 billion increase in investment will cause a:A)(1/MPS) billion increase in GDP.C)(1 – MPC) billion increase in GDP.B)(MPS) billion increase in GDP.D)(MPC – MPS) billion increase in GDP.Answer: AType: F Topic: 6 E: 166-167 MA: 166-167180. The Council of Economic Advisers has estimated that the actual multiplier for the U. S. economy is approximately:A)4.B) 3. 5.C) 3.D) 2.Answer: DType: F Topic: 6 E: 166-167 MA: 166-167 Status: New181. The actual multiplier effect in the U. S. economy is less than the multiplier effect in the text examples because:A)the real-world MPS is larger than the MPS in the examples.B)in addition to saving, households use some of any increase in income to buy imported goods and to pay higher taxes.C)the gap between the nominal interest rate and the real interest rate widens as the economy expands or contracts.D)the MPC in the United States is greater than 1.Answer: BConsider This QuestionsType: F E: 159 MA: 159 Status: New182. (Consider This) U. S. consumption increased between March 2000 and July 2002 even though stock values declined by $3. 7 trillion. One of the reasons was that:A)lower interest rates allowed many households to reduce their monthly loan payments and increase their consumption spending.B)deflation occurred, which increased purchasing power.C)economic growth accelerated relative to the prior two years.D)the unemployment rate dramatically declined.Answer: AType: F E: 159 MA: 159 Status: New183. (Consider This) Part of the wealth effect of a $3. 7 trillion decline in stock values between March 2000 and July 2002 was offset by rising:A)tax rates.B) interest rates.C) house values.D) expectations of future income.Answer: CLast Word QuestionsType: A E: 167 MA: 167184. (Last Word) Art Buchwald's article â€Å"Squaring the Economic Circle† is a humorous description of:A)a negative GDP gap.C)the marginal propensity to save.B)a positive GDP gap.D)the multiplier. Answer: DType: A E: 167 MA: 167185. Last Word) Art Buchwald's article â€Å"Squaring the Economic Circle† humorously describes how:A)a person's decision not to buy an automobile eventually reduces many people's incomes, including that of the person making the original decision.B)a price increase on a single product eventually leads to rapid inflation.C)an increase in imports eventually leads to a greater increase in exports.D)a government tax rate increase eventually results in the government collecting less tax revenue than before the tax rate hike.Answer: ATrue/False QuestionsType: A E: 154 MA: 154186. If DI is $275 billion and the APC is 0. 8, we can conclude that saving is $55 billion.Answer: TrueType: A E: 156 MA: 156187. If the MPC is constant at various levels of income, then the APC must also be constant at all of those income levels.Answer: FalseType: A E: 154 MA: 154188. The average propensity to consume is defined as income divided by consumption.Answer: FalseType: D E: 156 MA: 156189. 1 – MPC = MPS.Answer: TrueType: A E: 159 MA: 159190. A decline in the real interest rate will shift the investment demand curve to the right.Answer: FalseType: A E: 156 MA: 156191. If the Brown family's marginal propensity to consume is 0. 70, then it will necessarily consume seven-tenths of its total income.Answer: FalseType: A E: 156 MA: 156192. 1 + MPS = MPC.Answer: FalseType: A E: 156 MA: 156193. The slope of the consumption schedule is measured by the MPC.Answer: TrueType: A E: 159 MA: 159194. A specific investment will be undertaken if the expected rate of return, r, exceeds the interest rate, i.Answer: TrueType: A E: 163-164 MA: 163-164195. Investment is highly stable; it rarely changes.Answer: FalseType: A E: 156 MA: 156196. The greater the MPC, the greater the multiplier.Answer: TrueType: A E: 166 MA: 166197. If the MPS is 1, the multiplier will be 1.Answer: TrueType: A E: 166 MA: 166198. The multiplier is equal to the reciprocal of the MPC.Answ er: FalseType: F E: 164 MA: 164 Status: New199. The multiplier shows the relationship between changes in a component of spending, say, investment, and the consequent changes in real income and output.Answer: TrueType: F E: 167 MA: 167 Status: New200. The estimate for the value of the real-world multiplier is 2.Answer: True

Political and Economic Concerns in Iraq

Political and Economic Concerns in Iraq Introduction In the future paper, I would like to examine political and economic concerns in Iraq. In particular, it is to discuss the relationship between political stability in this country and the stagnation of the economy. They will be regarded as inter-dependent variables. In order to illustrate my arguments, I will discuss the violent attacks that occurred in Baghdad on March 19, 2013. One should discuss the causes and consequences of this event. The findings of this analysis can be helpful for explaining the challenges that the Iraqi society currently faces.Advertising We will write a custom essay sample on Political and Economic Concerns in Iraq specifically for you for only $16.05 $11/page Learn More The main causes of the event While examining the causes of this event, I will focus on two factors. First of all, much attention should be paid the problem of corruption. It should be taken into account that at the moment, the Iraqi politicians are amon g the most corrupt ones in the Middle East. This issue is a significant barrier that prevents the growth of businesses and lowers the conditions of living in the country. So, it leads to the discontent of many citizens and protests that can often be violent. It should be taken into account that this country is torn by different the representative of various political and religious factions. In order to illustrate this issue, I will focus on the attacks that took place on March 19. In this case, one should focus on the bombings and violent demonstrations that were aimed against the current Prime Minister, Nouri al-Maliki. Consequences This event is important for my discussion because it suggests that economic development is closely related to the political situation in the country. The problem is that Iraq economy fails to achieve sufficient growth because of the insurgencies that took place in the March of 2013. Many local entrepreneurs can be afraid of starting their operations in the country since they do not know whether their rights will be protected by the state. Furthermore, this instability deprives the country from the access to the international capital. So, the relations between economic and political life will be the most important part of the paper. Sources While writing the paper, I may use various sources such as academic books and peer-reviewed articles that examine the political and economic development of the post-war Iraq. Furthermore, I will have to incorporate some of the recent newspaper reports in order to tell more about the bombings and shootings which occurred on March 19, 2013. Conclusion and the main theme In my opinion, this approach is helpful for understanding the political and economic concerns that exist in Iraq. The event that has been chosen for discussion is important because it shows that the level of prosperity in the society can be determined by the political situation in this country. It seems that these issues should be considered by the legislators of Iraq as well as political leaders of other nations.Advertising Looking for essay on political culture? Let's see if we can help you! Get your first paper with 15% OFF Learn More Overall, the main theme is the transformation of the post-war society that can be adversely affected by various internal and external forces. It is important to explain how a country like Iraq recovers from the military, economic, and political collapse. The discussion presented in my paper will show how arduous this transformation is. This is the main issue that should be kept in mind.

Free Essays on Customer And Supplier Requirements - Banking

Customer and Supplier Requirements of First National Bank of Arizona As stated in the Results Training and Development web site, â€Å"Survival in today’s business world depends on a solid customer base and front-line employees who know how to exceed customers’ expectations†. To achieve successful customer service, the business must have the involvement, support, and commitment of the entire organization. First National Bank of Arizona’s mission statement relates to the preceding sentence. It reads, â€Å"To empower our employees to do an outstanding job for our clients, our community and our shareholders by consistently providing innovative, secure and quality financial services and solutions† (First National Bank of Arizona, n.d., para. 1). Each department within the bank has their own system in dealing with internal as well as external customers; for example, the retail branches are more sales-focused where the operations department is data-focused, however, both of these departments are required to work in syne rgy to create positive experiences for the customers. This paper will focus on how internal and external customer and supplier requirements are met within a specific area of First National Bank of Arizona: the Commercial Lending department. Roles of Commercial Lending The Commercial Lending department consists of three teams that include a Loan Specialist, a Financial Analyst, an Underwriter, two Loan Officers and one Team Leader. The Loan Specialist handles the administrative work. The Financial Analyst and the Underwriter position is similar in the degree that they both analyze business and personal financial statements, tax returns, owners and management, market conditions and industry conditions for a business to determine if the possible customer is credit worthy. The reason for the separate titles is because the Underwriter usually has many more years of experience in analyzing credit than a Financial Analyst d... Free Essays on Customer And Supplier Requirements - Banking Free Essays on Customer And Supplier Requirements - Banking Customer and Supplier Requirements of First National Bank of Arizona As stated in the Results Training and Development web site, â€Å"Survival in today’s business world depends on a solid customer base and front-line employees who know how to exceed customers’ expectations†. To achieve successful customer service, the business must have the involvement, support, and commitment of the entire organization. First National Bank of Arizona’s mission statement relates to the preceding sentence. It reads, â€Å"To empower our employees to do an outstanding job for our clients, our community and our shareholders by consistently providing innovative, secure and quality financial services and solutions† (First National Bank of Arizona, n.d., para. 1). Each department within the bank has their own system in dealing with internal as well as external customers; for example, the retail branches are more sales-focused where the operations department is data-focused, however, both of these departments are required to work in syne rgy to create positive experiences for the customers. This paper will focus on how internal and external customer and supplier requirements are met within a specific area of First National Bank of Arizona: the Commercial Lending department. Roles of Commercial Lending The Commercial Lending department consists of three teams that include a Loan Specialist, a Financial Analyst, an Underwriter, two Loan Officers and one Team Leader. The Loan Specialist handles the administrative work. The Financial Analyst and the Underwriter position is similar in the degree that they both analyze business and personal financial statements, tax returns, owners and management, market conditions and industry conditions for a business to determine if the possible customer is credit worthy. The reason for the separate titles is because the Underwriter usually has many more years of experience in analyzing credit than a Financial Analyst d...

Roman Emperor Septimius Severus

Roman Emperor Septimius Severus Severus came to power by disposing of rivals with a better claim to power than his own. His immediate predecessor was Didius Julianus. Septimius Severus died peacefully, leaving, as joint successors, his sons Caracalla and  Geta. Dates April 11, A.D. 145-February 4, 211 Reign 193-211 Places of Birth and Death Leptis Magna; Eboracum Name Lucius Septimius Severus Augustus (Severus) Occupation Ruler (Roman Emperor Septimius Severus was born in Africa, at the Phoenician city of Leptis Magna (in Libya), to a presumed equestrian (wealthy) family with consuls in it, on April 11, 145, and died in Britain, on February 4, 211, after reigning for 18 years as Emperor of Rome. Family Parents:  P. Septimius Geta, (equestrian) and Fulvia Pia Wife:  Julia Domna Sons:  Bassianus (Caracalla) (b. 188); Geta (b. 189) Following the murder of Pertinax, Rome supported Didius Julianus as emperor, but as Severus entered Rome having been declared emperor by his troops in Pannonia on April 9, 193 [DIR], the supporters of Julianus defected, he was executed, and soon the soldiers in Italy and the senators supported Severus, instead; meanwhile, troops in the East proclaimed Syrias governor, Pescennius Niger, emperor, and the British legions, their governor, Clodius Albinus. Severus had to deal with his rival claimants. He defeated Pescennius Niger at the A.D. 194 Battle of Issus not to be confused with the battle in 333 B.C., in which Alexander the Great defeated the Persian Great King Darius. Severus then marched into Mesopotamia, where he set up a new legion and declared war on Roman emperor Clodius Albinus. Even with the legions of Britain, Gaul, Germany, and Spain, behind him, Albinus still lost to Severus in 197 near Lyon [see Lyon Museum], and committed suicide. The reputation of Septimius Severus changes with the times. Some consider him responsible for the Fall of Rome. According to [virtual-pc.com/orontes/severi/MoranSev193.html, 6/29/99] Jonathan C. Moran, Gibbon blamed Severus for the changes that led to turmoil and ultimate decay in Rome. The De Imperatoribus Romanis entry on Severus explains the charge: by giving greater pay and benefits to soldiers and annexing the troublesome lands of northern Mesopotamia into the Roman empire, Septimius Severus brought increasing financial and military burdens to Romes government. His reign was also considered bloody and according to the Catholic Encyclopedia, he may have been involved in the murder of his predecessor, Pertinax. The Catholic Encyclopedia also says he persecuted the Christians and forbade conversion to Judaism and to Christianity. On the other side, Septimius Severus restored stability to the Roman Empire. He improved performance and increased morale by making (expensive) changes in the military and praetorian guard. He restored Hadrians Wall and was involved in other construction projects. He also played the part of the traditional emperor: He reformed the grain supply for the city of Rome.... He put on games... for the people to keep them diverted and on his side. He freed his friends from debt and gave donatives to the soldiers and people. He also heard lawsuits.... Severus also began appointing his own men to the senate, one the emperors traditional prerogatives.- [www.virtual-pc.com/orontes/severi/MoranSev193.html#1, 6/29/99] Severus and Traditional Auctoritas Print SourceSeptimius Severus: The African Emperor, by Anthony Richard Birley Also, see Historia Augusta - The Life of Septimius Severus Septimius Severus and the Severan Emperors Septimius Severus and his successors were known as Severan Emperors Septimius SeverusCaracallaGetaEmperors Pertinax and Didius JulianusRoman Emperors Timeline 2nd CenturyRoman Emperors Timeline 3rd Century Ancient Sources on Septimius Severus HerodianHistoria AugustaDio Cassius

VACCINES Assignment Example | Topics and Well Written Essays - 750 words

VACCINES - Assignment Example Flanders (2000), states the two examples of childs deaths which are connected with vaccination and non-vaccination. According to her article, one of the girls died of Hepatitis B, which kills about 5,000 thousand people in the US each year, and the other died after being vaccinated against polio. At the same time, according to the Allens article, the compensation program provides financial assistance to families to care for children injured by vaccines and helps those families who have lost a child to a severe side effect. But it should be remembered, that the mentioned system is designed as non-fault, which means that it is no need in defining whether vaccine has been defective or the doctor didnt have enough medical skills to prevent side effects. In case no other specific medical reasons for childs death are found, it is supposed that the vaccine has caused it. But it should also be remembered, that if the injury or cause of death is not one of a list of known vaccine side effects , the families must provide proof that the ailment was caused by the vaccine. (OMeara, 2013) . There often appears a question, which makes the positive effect of vaccination less, for the account of possible positive influence of hygiene and sanitation on the significant decrease of most infections. But at the same time, it is stated, that vaccines have had the direct impact on the actual incidence of infections in the last century. There is a possibility for the child to catch the disease from the vaccine itself, as it is usually presented in the form of live viruses, which stimulate the childs immune system. But this is probable only in case the childs immune system is severely damaged, which may happen when the child has got AIDS or HIV, or was getting a cancer treatment (radiation), or have got the transplant and thus was taking anti-rejection drugs. In any other cases

Compare and contrast the opportunities and threats facing global Essay

Compare and contrast the opportunities and threats facing global companies in the three Triad markets. To what extent do these differences suggest different app - Essay Example This essay describes multinational corporations, that till two decades ago were vertically integrated and hierarchically organized. Now the multinationals disperse the core activities including the technological development. Today the â€Å"developing countries† are developing cutting edge technology. Software development and pharmaceutical research is being done in India while mobile and telecommunications is concentrated in China. Advanced aerospace work is being done in Brazil. The reason for driving work to these nations is due to the push to cut costs as globalization has heightened competition. In the case of technology development, the basic research and development was done at some central laboratories while the application was carried out at triad production facilities. At the same time there is a pull of growth markets in emerging economies that requires new engineering and technology development. This paper discusses how the strategies in the triad markets have diff ered and the causes thereon. The researcher then presents some examples on the subject, such as UK has used strategies like disruptive innovation apart from having a conservative approach which is responsible for the slow growth in every sector. Japan has a positive approach and believes in having strong vendor relations which has been duplicated by the US. It is then concluded that while threats arise from different factors, opportunities too are plenty and the right strategy is to be at the right place in the right way at the right time.

Use of sound and music in the film Psycho by Alfred Hitchcock Research Paper

Use of sound and music in the film Psycho by Alfred Hitchcock - Research Paper Example When music and sound are used efficiently in a movie, a certain flow that comes up that makes the movie seem to fit better. The 1960 Alfred Hitchcock horror movie ‘Psycho’ is a perfect example of movies massively relying on the process and technique of music and sound editing (Khairy 09). The ultimate aim of this context is to examine the use of sound and music in the movie Psycho. It specifically looks on how music and sound was used to convey suspense. To begin with, Alfred Hitchcock is believed to be the ‘master of suspense’ and an immense leader. Psycho created in 1960 was one of his great movies that were one top ten of the American Film Institute’s top breathtaking films (Kolker 12). Hitchcock has a tendency of using suspense and tension to shock his audience. He achieves this through efficient use of cinematography and correct position of camera, use of movement, angles and shots. He also managed to employ scary music and lighting when he intended to shock his audience or generate suspense (Schickel and Capra 29). However, he misleads his audience to come up with shock but at least that is expected in a horror movie. At the start of the film, Marion Crane and Sam Loom are seen in the bedroom together. This seemed to suggest that it was a love and romantic story but after stealing the money from her boss, then it is believed the genre of the movie is about crime. Nevertheless, the genre of this film was not about romance or even crime, it was a thriller where the main character died a third way through the film. That is too shocking and unexpected because she was the main character and a good person as well (Kolker 12). Another suspense and shock came when the audience realized that Norman Bates dresses like his â€Å"mother† in women’s clothing, which comes up odd and bizarre. Besides, untrue suspense makes shocks more shocking in the sense that the audience never

Company profile Essay Example | Topics and Well Written Essays - 250 words - 1

Company profile - Essay Example developed a sustainability mission, whose success will be measured through customer preference based on the company’s ability to satisfy their expectations of expertise, service, and quality (Ermeleh 1). The company’s vision is to gain recognition as a performance leader in the mechanical and industrial material trading industry, as well as to become a major trading company both locally and internationally via specialized service provision that differentiates their services and products. Additionally, it is also the company’s vision to attain sustainable growth through superior financial performance and industry-leadership in customer satisfaction (Ermeleh 1). The company’s goal is to become the biggest trader in industrial and mechanical materials and accessories in the industry (Ermeleh 1). More importantly, this goal is also tied to the company’s focus on sustainability for continual improvement to make a positive impact for the

Magazine Exceptionalism Essay Example | Topics and Well Written Essays - 750 words

Magazine Exceptionalism - Essay Example 2008). In the text under consideration, David Holmes proceeds to cite the examples of some important magazines that can be attributed largely the honor of altering the social dimensions and the way people thought. The most relevant example in this context is the magazine Sassy, which was targeted at the teenage girls and originated in Australia in the 70s (Tim Holmes ed. 2008). Eventually the Australian publishers took this magazine to America. The magazines catering to teenage girls until now were utterly conservative and modest in their approach to teenage issues (Tim Holmes ed. 2008). However, Sassy with its liberating content, revolving around the issues like teen sexuality and the erotic aspects of teenage girls' personality, played a pivotal role in changing the social norms (Tim Holmes ed. 2008). So much so, the other contemporary teenage magazines also started modifying their content to meet the competition posed by Sassy (Tim Holmes ed. 2008). The one other important magazine that brought to the forefront the economic and cultural aspects of contemporary cinema was Esquire, published in the late 70s (Tim Holmes ed. 2008). ... Primarily, the magazines as a media form are very close to the masses (Tim Holmes ed. 2008). In contrast, other media forms like the print and broadcasted media prefer to retain a journalistic distance from the society (Tim Holmes ed. 2008). Secondly, people look to the contents in the magazines as catalytic and proactive, which not only intends to inform them, but also stimulates them to act and respond (Tim Holmes ed. 2008). Magazines are media forms that not merely direct the society from outside, but are something that live, act and thrive within the confines of society and popular culture. There may exist objections to this exalted aspect of magazines, as it is very difficult to establish the causality between the contents of a magazine and the attributed alterations in the society, in a strictly academic and scientific way (Tim Holmes ed. 2008). In a culture saturated with media, it is utterly difficult to attempt this analysis, as the media forms and the culture are often intricately intertwined (Tim Holmes ed. 2008).Still magazines will continue to be an important and potent media form that will always have an important role in the shaping of the current culture and society. References Holmes, Tim ed. (2008). Mapping the Magazine. Wales: Cardiff

Company profile Essay Example | Topics and Well Written Essays - 250 words - 1

Company profile - Essay Example developed a sustainability mission, whose success will be measured through customer preference based on the company’s ability to satisfy their expectations of expertise, service, and quality (Ermeleh 1). The company’s vision is to gain recognition as a performance leader in the mechanical and industrial material trading industry, as well as to become a major trading company both locally and internationally via specialized service provision that differentiates their services and products. Additionally, it is also the company’s vision to attain sustainable growth through superior financial performance and industry-leadership in customer satisfaction (Ermeleh 1). The company’s goal is to become the biggest trader in industrial and mechanical materials and accessories in the industry (Ermeleh 1). More importantly, this goal is also tied to the company’s focus on sustainability for continual improvement to make a positive impact for the

Classroom Managment Annotated Bibliography Example | Topics and Well Written Essays - 1000 words

Classroom Managment - Annotated Bibliography Example questionnaires, was used for the study that reported application of strategies such as physical classroom arrangement, audio equipment, rules, and schedules as strategies. Application of the strategies however differed between public and private schools and yielded different effects. The study is relevant to current topic and its method that suggests reliability and validity is its strength. Potential bias from research participants’ responses is however the greatest weakness and is a threat to the associated strength with the applied research method. Briesch, A., Briesch, J., and Chafouleas, S. (2015). Investigating the usability of classroom management strategies among elementary schoolteachers. Journal of Positive Behavior Interventions 17(1), 5-14. The results identified the participants’ ability to use the strategies, suggest application in class set-ups, is valid, and is relevant to the current study. Validity and reliability, based on the applied quantitative approach are the study’s strengths but using participants to measure outcomes is a weakness. Coles, E., Owens, J., Serrano, V., Slavee, J. and Evans, S. (2015). From consultation to student outcomes: The role of teacher knowledge, skills, and beliefs in increasing integrity in classroom management strategies. School Mental Health 7(1), 34-48. Using case study, results show relationship between the variables and therefore identify possible mediator factor to effectiveness of classroom management strategies. Ability of a case study to develop in-depth understanding of a phenomenon is the study’s strength while inability to infer findings, due to the subjective approach is a weakness of the study. Garner, P., Moses, L., and Waajid, B. (2013). Prospective teachers’ awareness and expression of emotions: Associations with proposed strategies for behavioral management in the classroom. Psychology in the Schools 50(5), 471-488. The researchers aimed at investigating relationship between

Emotional Intelligence Essay Example for Free

Emotional Intelligence Essay The article titled, The Emotional Intelligence of Leaders, written by Daniel Goleman, emphasizes on the emotional intelligence aspect of leadership and discusses various points regarding emotional intelligence in leaders and in people in general. There is a clear separation of raw intelligence technical expertise from that of emotional intelligence. It is explained that raw intelligence and technical expertise are the basic skills and capabilities required of a leader, but that emotional intelligence is the element that, combined with the basic skills, makes up a successful leader. It involves demonstrating qualities of the heart, in that leaders should be able to connect with people on a human level, in addition to possessing the basic leadership skills. Following the discussion of the anatomy of emotions, the article describes that there are five main elements of emotional intelligence that are explained in the article, including self-awareness, managing emotions, motivating others, showing empathy, and staying connected, which is then proceeded by a discussion of raising your EQ. In the discussion of the anatomy of emotions, the amygdala is said to be a structure in the limbic system that stores emotional memory and perceptions. Some of these memories can include being happy, sad, and angry. When a situation occurs, you go back to your emotional memory to process a response or reaction. The first main element of emotional intelligence is self-awareness. In terms of leadership, self-awareness is described as a capability that allows one to have and to practice self-confidence and self-assessment. Self-assessment allows you to pay attention and properly assess the natural feelings that occur when faced with situations or decisions as a leader. It is important for a leader to have these natural gut feelings and to appropriately process and incorporate these feelings into leadership decisions. In doing so, a leader will possess a sense of self-confidence in their actions and decision making. It is what gives a person the sense of gallantry in their leadership role. The second element of emotional intelligence is managing emotions, which is explained as the ability to deal with ones own stress and impulsivity,  especially in terms of anger, anxiety, and sadness. In doing so, one can pay more attention to situations and decisions that they are faced with as a leader, and less attention on the emotional disturbance that is faced with being rudderless in managing their emotions. By managing your emotions and practicing self-control, leaders can avoid poor decision making and will demonstrate improved leadership abilities. The next element described is motivating others, which involves management and leaders to be able to emotionally motivate and inspire others. Optimism is explained to be an important aspect of motivating others. It is said that the optimist can deal with setbacks better than the pessimist. In the event of a setback, an optimist leader would be able to overcome the issue and try again, learning from the setback and striving to push forward toward the goal or mission. Whereas the pessimist would give up, demonstrating a lack of ability to motivate their team. The ability to motivate others is a strong quality of emotional intelligence in leadership. Another element described in the article is showing empathy, which is the ability to read emotions of others, and again, connecting with people on a human level. Empathy shows your team a sense of connection and that you care about what they are feeling. Often, when empathy is not present, people can feel unappreciated and disconnected, leaving them overwhelmed and probably not at their best performance. It is crucial that leaders stay connected and in tune with their workforce. The last element is staying connected, which describes the ability to make and maintain a connection with your people. A leader should demonstrate a positive presence, and show their keenness and optimistic attitudes as this will reflect on their team and, most likely, will have a direct affect on how their workforce reacts. Expressing these kinds of emotions will surely have an influence on the team. Additionally, this will also contribute to the teams potential and performance, which is always a goal of a manager or leader. The final section of the article explains the ability to raise your EQ or  emotional intelligence. It is the qualities of the heart that make up ones emotional intelligence, and although much of it comes naturally, some can still be taught. It takes desire, dedication, and coaching to successfully increase your emotional intelligence. In summary, it is emotional intelligence and the ability to connect with people on a human level, including understanding peoples emotions as well as expressing your own in an appropriate leadership manner, that gives leaders the fully rounded skill set to effectively lead people. Leaders should certainly possess raw intelligence and technical expertise, but more importantly, they must know how to connect with their teams and stay in touch with their emotions, as well as demonstrate positive emotions themselves. Emotional intelligence is something that can be learned, but is also a human ability that can come naturally to many at a young age. Leaders, in any environment, should understand the importance of emotional intelligence and the effects that it has on themselves, their teams, and the overall performance within their groups. The article titled, Thought Leadership: a radical departure from traditional, positional leadership, written by Mitch McCrimmon, discusses the differences of shared or distributed leadership, leaderful organizations, and thought leadership, while focusing on thought leadership as a new and emerging leadership style that is shaped differently from the traditional positional leadership style. There are three main sections of the article, including new leadership, what is thought leadership, and the key characteristics of thought leadership. In discussing _the new leadership_ style of thought leadership, the article explains that, unlike leaderful organizations and shared leadership, thought leadership does not involve the traditional managerial roles that are identified as leaders. Rather, the thought leadership involves individual innovative employees that demonstrate an ability to challenge a current status or process and provide new ideas to better a project or an organization as a whole. The discussion of _what is thought leadership_ provides insight of the abilities of a thought leader, and describes some skills that thought leaders do not need to possess. A though leader has the abilities to advocate new ideas that merit attention, whether by corporate management, co-workers, customers, and even market industries. An individual possessing this type of leadership style can be thought of as innovative individual and a thinker. Thought leaders, however, do not need to possess the traditional positional managerial skills, and can even lack the typical leadership skills, such and motivational skills. In fact, thought leaders to not need to oversee projects, be decision-makers, or manage task execution. The new idea can be presented in discussion, argument, and by presentation. It is usually up to a hierarchical management team to actually execute the new idea. The final section consisted of the _key characteristics of thought leadership_, in which some key points are identified. Just to name a few, thought leadership does not always start with management and work downward. In fact, it can start with employees and move upward to a management level. It is not limited to internal sources, and can originate from external sources outside of an organization. Thought leadership is typically not tasked or identified as a position in an organization, but is a naturally organic ability. However, in most cases, it requires some ability to influence or convince people that the new idea will provide value. In summary, thought leadership differs from the traditional positional leadership, such as shared leadership and leaderful organizations, in that it does not require the typical managerial and leadership skills. It relies on individual innovativeness and the ability to convey your new ideas and convince that your ideas will provide value. Of the two articles summarized, I believe that the article on emotional intelligence was more convincing. I say this because the article on thought leadership was more informational and provided a different outlook on leadership styles and abilities, whereas the article on emotional intelligence pointed out a type of intelligence that is required to be a  good leader. Emotional intelligence allows us to connect with our emotions, and the emotions of our teams, which I believe is critical in almost any leadership role where a group of people report to one first-line leader. That one leader should be able to relate to the human senses that drive people, and motivate them as employees and people, as well as encourage them to excel. In my own personal experiences, I have seen an extreme lack of ability in leaders to connect with people and deal with emotions, whether their own emotions or their teams emotions. This has surely led to my perception of incompetence in these particular leaders. In one situation, I had a leader that I felt very fond of and very confident in their ability to lead, until one day they showed a moment of breaking down (actually crying in the office) and it left me feeling a poor sense of morale in the organization and the leadership at hand. I think the emotional display was unnecessary and should have been handled privately. In this case, the individual lacked the ability to manage their emotions. With respect to thought leadership, I have not had any prior introduction to the topic, but in reading and understanding the article, I believe that I possess some thought leadership abilities. I say this because I often offer new ideas to improve processes and operations. In my most recent job, I came on board and within two weeks, identified several areas that needed improvement and offered ideas to improve these processes. With approval from management, I began to execute these new processes. Understanding that it is not necessarily up the thought leader to actually execute, I was faced with a lack of resources and decided to take the initiative to fully execute. In comparison, I believe that emotional intelligence is required to be a good leader, and a thought leader is not required to be emotionally intelligent; however; emotional intelligence should be a quality of most leaders. As stated in the Thought Leadership article, emotional intelligence is not essential for thought leadership. () As both aspects of leadership are great abilities to possess, they are not both required to be any particular type of leader. Personally, I believe that as a thought leader can live in  anyone, it takes a special ability to be in touch with your emotions and the emotions of the team, an ability that I believe is especially crucial in leading people. REFERENCES: Goleman, D. (1998). The Emotional Intelligence of Leaders. _Leader to Leader_, (10), 20-26. Retrieved from Business Source Complete database. McCrimmon, M. (2005). Thought leadership: a radical departure from traditional, positional leadership. _Management Decision_, 43(7/8), 1064-1070. Retrieved October 22, 2010, from ABI/INFORM Global.