ECON 448 Midterm: Econ 448 Spring 12 Midterm 2 Key

21 views6 pages

turquoisegnu128

31 Jan 2019

School

Department

Economics

Course

ECON 448

Professor

All

For unlimited access to Study Guides, a Grade+ subscription is required.

Document Summary

Submit this book with your blue book for full credit. Long questions 3 questions 45 points. Please answer each question as thoroughly as possible and show your work where requested: (10 points) explain in detail two ways that microfinance programs like the grameen. Bank create incentives for borrowers to pay back loans and eliminate some of the inefficiencies in credit markets for the poor. There are two main ways that the grameen bank works to reduce credit market inefficiencies: reducing moral hazard and improving information. They should get both of these right (or at least describe them if they don"t get the terms) and give at least one of the mechanisms described after each heading as part of their answer. Reducing moral hazard: borrowers form groups in order to receive loans. These groups may consist of friends, relatives, or neighbors. At the very least, they are fellow community members.

Related Questions

thoughts on Classical Model and Keynesian Model. What assumptions about economic behaviors and economic policies are implemented in the U.S. economy today? Have you gained a better understanding of why the Obama administration's economists requested Congress to approve the "stimulus package"? Do you have any alternative proposals for economic growth (or criticisms of the current policies)? Note: These questions intend to get you started in your discussionâto make you think. Use one or two of them to get yourself started in relating the models to current economic policies. You will no doubt have your own questions to discuss as well. In order to receive full credit for this discussion, you need to post (1) an answer of at least 100 words to at least one of the questions below, and (2) a substantive response of at least 50 words to a comment on this discussion board posted by another student. A substantive response is more than just saying you agree or disagree. Explain why.

thought on the correlation between education and unemployment. Do people with higher educational normally earn higher incomes? According to 2015 census data, only 66.9 million in the United States have a bachelor's degree or higher (such as a master's or doctoral degree). With 209.3 million people who are older than 25 years, it means only about 32 percent of the population in US have a bachelor's degree or higher. Are people who invested in education less likely to be unemployed? For more information on the relationship between educational attainment, median income, and unemployment rates, please see the BLS "Education Pays"

https://www.bls.gov/emp/ep_chart_001.htm

In order to receive full credit for this discussion, you need to post (1) an answer of at least 100 words to at least one of the questions below, and (2) two substantive responses of at least 50 words to a comment on this discussion board posted by another student. A substantive response is more than just saying you agree or disagree. Explain why.

note all the things that could be improved with the denial email.

Denial Request for Discussion (Adapted from connect.thomsonlearning.com)

Dear Rich,

Out of the 97 books you returned to us, only 25 are acceptable. Our return policy is very specific as to the condition the books must be in before we will accept them. Some of the books you sent did not even come close to meeting our return conditions. It costs us extra time to go through boxes of unacceptable books; it costs you extra money to send them to us and then pay again to have them returned to you.

In each book order we include a copy of our return policy. Attached is an extra one for you to put near the place you sort books. As you can see, it states that we give 100 percent credit on some books. But they have to be returned in saleable condition. That means they must be new and have no marks inside them. They have to be returned within 12 months of the original invoice. For old editions, returned books will not be accepted if they are not within 90 days of our announcement of a new edition. Returned books must also be returned with a copy of the original invoice.

You returned 31 copies of Hefferman's College Writing Handbook, 2^nd edition. We couldn't accept this return because we announced its third edition 14 months ago. Donner's Introduction to Marketing (22 copies) could not be accepted because they were imprinted with your bookstore name and price on the inside cover. You also sent 14 copies of books from various authors, but we can't give credit for these copies because we did not publish them.

Although you have a good record of placing orders and paying on time, this return shipment had many problems. Despite the large number of unacceptable returns, we are crediting your account for $626.25. This is for 25 copies of Miller's The Promotable Woman at a price of $31 each. We charged a 15 percent restocking fee plus $32.50 shipping for returning the unacceptable books.

If you have any questions, do not hesitate to respond. We appreciate you being our costumer.

Sincerely,

Joe Smith

ECON 448 Midterm: Econ 448 Spring 12 Midterm 2 Key

Document Summary

Get access

Related Documents

ECON 448 Midterm: Econ 448 Spring 12 Midterm 1 A Partial Key

EL ENG 121 Study Guide - Midterm Guide: Orthonormal Basis, Data Compression, Variable-Length Code

ECON 302 Study Guide - Final Guide: Nash Equilibrium, Marginal Cost, Quasilinear Utility

Related Questions