Business Econ Gm545 Project Paper 2

In: Business and Management

Submitted By laurenmmarley
Words 721
Pages 3
Business Economics GM545
May 2012

Chapter 16 Question 5
According to our text book, frictional unemployment is used to describe he short period of time that people are unemployed between jobs. Usually it is when someone quits a job for another job that they want and there is a short period of time that the person spends between jobs. This time is referred to as frictional unemployment. Even when people quit their jobs and don’t have another one lined up it can still be referred to as frictional unemployment if they are able to find a new job within a short period of time. (Stone, Gerald. CoreEconomics. Worth Publishers, 07/2011. p. 443).
Frictional unemployment is a natural part of the employment cycle. It shows us that there are choices for both employers and employees. Typically when the economy is expanding there are jobs available and people feel comfortable moving from one job to another without much fear of being unemployed for too long. Structural unemployment is the opposite of Frictional Unemployment and refers to the extended periods of time that people spend unemployed (Nayab, 2012)
Both employees and employers benefit from the presence of frictional unemployment. Employers can choose from talented pool of individuals and employees can choose where they want to work from the different options available. This leads to people finding jobs that are better suited to their needs and skills. Also when people don’t feel stuck in a job for fear of not finding another one they tend not to stay in a job where they are unhappy. This is beneficial to employers because satisfied employees who chose to be there are more likely to work hard.

Chapter 16 Question 6
Inflation is when prices in the economy rise. Hyperinflation is when these rises in the economy happen at a very high rate. According to our text book…...

Similar Documents

Business Economics-Gm545 Paper Ii

...PROJECT PAPER II LISA JOHNSEN BUSINESS ECONOMICS-GM545 SUMMER 2012 LCJOHNSEN@YAHOO.COM Ch. 16 Question 5 “Frictional unemployment is important to any economy because people need time to search for new jobs, and employers need time to interview and evaluate potential new employees.” (Stone, 443). This involves short-term unemployment of people who are changing jobs, careers, or locations. The people looking for jobs are the jobless and are searching but have not found a job yet. Due to the mismatch of the characteristics of supply and demand in the job market this type of unemployment exists. The characteristics mentioned previously include skills, payment, location, timing, tastes, attitudes, as well as other factors. When people hold on for the ideal job extend frictional unemployment short-term while reducing unemployment long-term because they are less likely to change jobs. The good sign of frictional unemployment is that it signifies a healthy economy. This type of unemployment can only survive in a fast-growing economy. Frictional unemployment benefits workers by giving them time to search or jobs in which they are a good-fit while allowing companies to choose from the best talent available. Absence of frictional unemployment signifies a stagnant economy; one without growth, innovation, and tires skillsets. Ch. 16 Question 6 “Hyperinflation is an extremely high inflation rate of at least 50 percent per month. Currently most......

Words: 639 - Pages: 3

Business Econ 545 Project Paper

...Business Economics GM545 FALL TERM Chapter 15: Q14 There is a lot to be said about being a part of a national estimation or basic "guesstimation "in my mind. Any time there is a standard that is based on a calculation of how much the average versus the absolute, and then you are always going to have a situation where the guess may not be as all inclusive as needed be. When Richard Stone came up with the system to gauge how much is being spent in each household and funneling back into the market this was a "just-about" ingenious way to make sure we know what is going on in our economic basic structure. Coming up with a way to measure the expenditures of the Americans in comparison to other nations can be very useful when trying to figure out the needs that society may have and what it takes to fill the gaps however, this can take an unforeseen turn of events just as it did in the days of the great depression. The problem with accurate representation from a society that income fluctuates based on shortcomings in the ability to employ the employable is that income is never the same. There are businesses in this country that go unaccounted for and there are businesses that are being accounted for that is no longer in existence and this affects the estimation. If this information is not taken into account the numbers or end result will definitely be an inaccurate one. Just like in the days of the days of the Great Depression the information that was used to devise......

Words: 1168 - Pages: 5

Econ 545 Week 2 Project Part 1

...ECON 545 Week 2 Project Part 1 Purchase here http://chosecourses.com/ECON%20545/econ-545-week-2-project-part-1 Product Description Project Part 1 (PP1) consists of performing application-oriented exercises wherein the specific economic principles learned in this course are put to practical use. You must translate your ideas into economic analysis using the specific economic theory and economic terms contained in the TCOs covered in the course and demonstrate that you are understanding and utilizing material from text chapters covered up to this point in the course to receive full credit on the assignment. You are being asked to submit a report containing responses to three exercises. Exercise 1 entails a choice of one topical microeconomic issue out of two possible alternatives. Exercises 2 and 3 entail a choice of two textbook questions out of a list of possible alternatives. Exercise 1 Choose one of the following two microeconomic issues: Everyone’s Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented supply and demand factors outlined in our book. Be sure to cite any references used. Ethical Issues in Business. It seems that every day lately we are confronted with another company that has acted at least unethically and possibly......

Words: 597 - Pages: 3

Econ 545 Week 2 Project Part 1

...ECON 545 Week 2 Project Part 1 Purchase here http://devrycourse.com/econ-545-week-2-project-part-1 Product Description Project Part 1 (PP1) consists of performing application-oriented exercises wherein the specific economic principles learned in this course are put to practical use. You must translate your ideas into economic analysis using the specific economic theory and economic terms contained in the TCOs covered in the course and demonstrate that you are understanding and utilizing material from text chapters covered up to this point in the course to receive full credit on the assignment. You are being asked to submit a report containing responses to three exercises. Exercise 1 entails a choice of one topical microeconomic issue out of two possible alternatives. Exercises 2 and 3 entail a choice of two textbook questions out of a list of possible alternatives. Exercise 1 Choose one of the following two microeconomic issues: Everyone’s Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented supply and demand factors outlined in our book. Be sure to cite any references used. Ethical Issues in Business. It seems that every day lately we are confronted with another company that has acted at least unethically and possibly illegally in the...

Words: 595 - Pages: 3

Econ 545 Week 2 Project Part 1

...ECON 545 Week 2 Project Part 1 Click Link Below To Buy: http://hwcampus.com/shop/econ-545/econ-545-week-2-project-part-1/ Or Visit www.hwcampus.com Project Part 1 (PP1) consists of performing application-oriented exercises wherein the specific economic principles learned in this course are put to practical use. You must translate your ideas into economic analysis using the specific economic theory and economic terms contained in the TCOs covered in the course and demonstrate that you are understanding and utilizing material from text chapters covered up to this point in the course to receive full credit on the assignment. You are being asked to submit a report containing responses to three exercises. Exercise 1 entails a choice of one topical microeconomic issue out of two possible alternatives. Exercises 2 and 3 entail a choice of two textbook questions out of a list of possible alternatives. Exercise 1 Choose one of the following two microeconomic issues: Everyone’s Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented supply and demand factors outlined in our book. Be sure to cite any references used. Ethical Issues in Business. It seems that every day lately we are confronted with another company that has acted at least unethically and possibly illegally......

Words: 604 - Pages: 3

Econ 545 Week 2 Project Part 1

...ECON 545 Week 2 Project Part 1 Click Link Below To Buy: http://hwcampus.com/shop/econ-545/econ-545-week-2-project-part-1/ Or Visit www.hwcampus.com Project Part 1 (PP1) consists of performing application-oriented exercises wherein the specific economic principles learned in this course are put to practical use. You must translate your ideas into economic analysis using the specific economic theory and economic terms contained in the TCOs covered in the course and demonstrate that you are understanding and utilizing material from text chapters covered up to this point in the course to receive full credit on the assignment. You are being asked to submit a report containing responses to three exercises. Exercise 1 entails a choice of one topical microeconomic issue out of two possible alternatives. Exercises 2 and 3 entail a choice of two textbook questions out of a list of possible alternatives. Exercise 1 Choose one of the following two microeconomic issues: Everyone’s Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented supply and demand factors outlined in our book. Be sure to cite any references used. Ethical Issues in Business. It seems that every day lately we are confronted with another company that has acted at least unethically and possibly illegally......

Words: 604 - Pages: 3

Econ 600 Research Project 2

...ECON 600 Research Project 2 Click Link Below To Buy: http://hwcampus.com/shop/econ-600-research-project-2/ APU Complete your Research Project 2 in a Word document, APA formatted, and then submit it in the Assignment section of the classroom by midnight, EST, Day 7. The instructions concerning this assignment as well as the grading rubric are reproduced below. In 2009 the American auto industry was in a dire economic state. Chrysler was in Chapter 11, GM was on the brink of bankruptcy, and Ford’s future was at best uncertain. The demise of the U.S. auto industry would have a devastating impact on our national economy and specifically the economies of Michigan and Ohio. Economists occasionally use Porter's five forces framework when making a qualitative evaluation of a firm's strategic position. According to Porter, his model should be used at the industry level, defined as a marketplace in which similar or closely related products or services are marketed. This research paper requires the application of Porter’s Five Forces Model to the auto industry. Porter's analytical framework consists of those forces that affect a producer’s ability to serve its customers and make a profit. A change in any of these five forces requires a re-assessment of the marketplace. The five forces include: 1) The threat of substitute products: The existence of close substitute products (i.e., high elasticity of demand) increases the propensity of customers to switch to alternatives in......

Words: 820 - Pages: 4

Econ 545 Week 2 Project Part 1

...ECON 545 Week 2 Project Part 1 Click Link Below To Buy: http://hwcampus.com/shop/econ-545/econ-545-week-2-project-part-1/ Or Visit www.hwcampus.com Project Part 1 (PP1) consists of performing application-oriented exercises wherein the specific economic principles learned in this course are put to practical use. You must translate your ideas into economic analysis using the specific economic theory and economic terms contained in the TCOs covered in the course and demonstrate that you are understanding and utilizing material from text chapters covered up to this point in the course to receive full credit on the assignment. You are being asked to submit a report containing responses to three exercises. Exercise 1 entails a choice of one topical microeconomic issue out of two possible alternatives. Exercises 2 and 3 entail a choice of two textbook questions out of a list of possible alternatives. Exercise 1 Choose one of the following two microeconomic issues: Everyone’s Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented supply and demand factors outlined in our book. Be sure to cite any references used. Ethical Issues in Business. It seems that every day lately we are confronted with another company that has acted at least unethically and possibly illegally......

Words: 604 - Pages: 3

Econ 545 Week 2 Project Part 1

...ECON 545 Week 2 Project Part 1 Click Link Below To Buy: http://hwcampus.com/shop/econ-545/econ-545-week-2-project-part-1/ Or Visit www.hwcampus.com Project Part 1 (PP1) consists of performing application-oriented exercises wherein the specific economic principles learned in this course are put to practical use. You must translate your ideas into economic analysis using the specific economic theory and economic terms contained in the TCOs covered in the course and demonstrate that you are understanding and utilizing material from text chapters covered up to this point in the course to receive full credit on the assignment. You are being asked to submit a report containing responses to three exercises. Exercise 1 entails a choice of one topical microeconomic issue out of two possible alternatives. Exercises 2 and 3 entail a choice of two textbook questions out of a list of possible alternatives. Exercise 1 Choose one of the following two microeconomic issues: Everyone’s Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented supply and demand factors outlined in our book. Be sure to cite any references used. Ethical Issues in Business. It seems that every day lately we are confronted with another company that has acted at least unethically and possibly illegally......

Words: 604 - Pages: 3

Econ 545 Week 2 Project Part 1

...ECON 545 Week 2 Project Part 1 Purchase here http://devrycourse.com/econ-545-week-2-project-part-1 Product Description Project Part 1 (PP1) consists of performing application-oriented exercises wherein the specific economic principles learned in this course are put to practical use. You must translate your ideas into economic analysis using the specific economic theory and economic terms contained in the TCOs covered in the course and demonstrate that you are understanding and utilizing material from text chapters covered up to this point in the course to receive full credit on the assignment. You are being asked to submit a report containing responses to three exercises. Exercise 1 entails a choice of one topical microeconomic issue out of two possible alternatives. Exercises 2 and 3 entail a choice of two textbook questions out of a list of possible alternatives. Exercise 1 Choose one of the following two microeconomic issues: Everyone’s Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented supply and demand factors outlined in our book. Be sure to cite any references used. Ethical Issues in Business. It seems that every day lately we are confronted with another company that has acted at least unethically and possibly illegally in the...

Words: 2377 - Pages: 10

Econ 600 Research Project 2

...ECON 600 Research Project 2 Click Link Below To Buy: http://hwcampus.com/shop/econ-600-research-project-2/ APU Complete your Research Project 2 in a Word document, APA formatted, and then submit it in the Assignment section of the classroom by midnight, EST, Day 7. The instructions concerning this assignment as well as the grading rubric are reproduced below. In 2009 the American auto industry was in a dire economic state. Chrysler was in Chapter 11, GM was on the brink of bankruptcy, and Ford’s future was at best uncertain. The demise of the U.S. auto industry would have a devastating impact on our national economy and specifically the economies of Michigan and Ohio. Economists occasionally use Porter's five forces framework when making a qualitative evaluation of a firm's strategic position. According to Porter, his model should be used at the industry level, defined as a marketplace in which similar or closely related products or services are marketed. This research paper requires the application of Porter’s Five Forces Model to the auto industry. Porter's analytical framework consists of those forces that affect a producer’s ability to serve its customers and make a profit. A change in any of these five forces requires a re-assessment of the marketplace. The five forces include: 1) The threat of substitute products: The existence of close substitute products (i.e., high elasticity of demand) increases the propensity of customers to switch to alternatives in......

Words: 820 - Pages: 4

Econ 545 Week 2 Project Part 1

...ECON 545 Week 2 Project Part 1 Click Link Below To Buy: http://hwcampus.com/shop/econ-545/econ-545-week-2-project-part-1/ Or Visit www.hwcampus.com Project Part 1 (PP1) consists of performing application-oriented exercises wherein the specific economic principles learned in this course are put to practical use. You must translate your ideas into economic analysis using the specific economic theory and economic terms contained in the TCOs covered in the course and demonstrate that you are understanding and utilizing material from text chapters covered up to this point in the course to receive full credit on the assignment. You are being asked to submit a report containing responses to three exercises. Exercise 1 entails a choice of one topical microeconomic issue out of two possible alternatives. Exercises 2 and 3 entail a choice of two textbook questions out of a list of possible alternatives. Exercise 1 Choose one of the following two microeconomic issues: Everyone’s Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented supply and demand factors outlined in our book. Be sure to cite any references used. Ethical Issues in Business. It seems that every day lately we are confronted with another company that has acted at least unethically and possibly illegally......

Words: 604 - Pages: 3

Econ 600 Research Project 2

...ECON 600 Research Project 2 Click Link Below To Buy: http://hwcampus.com/shop/econ-600-research-project-2/ APU Complete your Research Project 2 in a Word document, APA formatted, and then submit it in the Assignment section of the classroom by midnight, EST, Day 7. The instructions concerning this assignment as well as the grading rubric are reproduced below. In 2009 the American auto industry was in a dire economic state. Chrysler was in Chapter 11, GM was on the brink of bankruptcy, and Ford’s future was at best uncertain. The demise of the U.S. auto industry would have a devastating impact on our national economy and specifically the economies of Michigan and Ohio. Economists occasionally use Porter's five forces framework when making a qualitative evaluation of a firm's strategic position. According to Porter, his model should be used at the industry level, defined as a marketplace in which similar or closely related products or services are marketed. This research paper requires the application of Porter’s Five Forces Model to the auto industry. Porter's analytical framework consists of those forces that affect a producer’s ability to serve its customers and make a profit. A change in any of these five forces requires a re-assessment of the marketplace. The five forces include: 1) The threat of substitute products: The existence of close substitute products (i.e., high elasticity of demand) increases the propensity of customers to switch to alternatives in......

Words: 820 - Pages: 4

Gm545 Keller Graduate School Project 1 Week 2 Paper

...costs can be another factor when it’s calculated into the cost of gasoline. Exercise 2 - Chapter 3 Question 14 When the demand and supply are at equilibrium, the price will remain stable and constant. Starbucks then introduces their premium blends and now the product is in high demand. This causes a positive shift in the demand curve and also leads to a higher equilibrium price and higher quantity. Production of the product will become more efficient but the competition will also rise in the market as other suppliers jump on the premium blend bandwagon. This can cause prices to change as well but the main example being called out is a sever change in the supply of the premium coffee and how it’s diminished. The hard freeze will eliminate Brazil’s premium coffee bean crop. This would cause a negative shift in the supply curve. (Commodities Roundup: Coffee - Brazilian Frost) We are assuming demand remains constant and if this is true, a negative shift in the supply curve will cause quantity to decrease and equilibrium price to increase. (Open-economy politics) Understanding the impact of problems along the supply chain and how the changes in supply will impact prices in the market allows real world investors to make predictions of price in the future. This is important for businesses along the supply chain as well, in order to “stay ahead of the curve” when making strategic business decisions. Exercise 3 - Chapter 5 question 17 While potatoes and computers......

Words: 1016 - Pages: 5

Gm545 Project 2

...Business Economics GM545 Winter 2012 Chapter 25 Question 7 Free trade in the United States has assisted the country to thrive and be successful. Free trade has made its mark on Americans for wealth and prestige. Free trade has brought Americans accustomed to a way of living and that is why there is free between states. There are other factors as to why free trade is free between states and why free trade is not necessarily free for countries. The following will explain. Free trade has given Americans a benefit in the United States. The NAFTA (North American Free Trade Agreement) has given Americans the ability to trade freely with Canada and Mexico. It is only beneficial that there be free trade between the United States, Canada, and Mexico. All three feed off of each other and will only benefit from each other’s resources and abilities. For example, USDA.gov explains, “In 2007, Canada and Mexico were, respectively, the first and second largest export markets for U.S. agricultural products” (usda.gov). Exports to the two markets combined were greater than exports to the next six largest markets combined. This only allows for trade to increase between the two countries. Canada is benefitting the same exact way. With trading with the United State, Canada is benefitting from the agriculture that they are lacking in the North. With the three countries so closely tied together, this is how and why free......

Words: 1000 - Pages: 4

BADLAND 2 APK | Telécharger | Di Truyền