What does a company's code of ethics cover?

Suppose that the banking system in Canada has a required reserve ratio of 10 percent while the banking system in the United Stat

Mariulka [41]

I understand here the "money creation" to mean that the money would enter the circulation. Then the bigger amount of money creation is when less money needs to be retained by the banks!
and if the bank has to keep 10%, this is less than when it needs to keep 20% - so more money would enter the market in Canada!

6 0

3 years ago

Suppose Jack Roper pays his employees $19.25 per hour at his organic rice packaging plant. He does this even though the market r

nydimaria [60]

Answer:

In my opinion Jack believes in the efficiency wage theory. This theory states that an increase in wages will increase labor productivity, lower staff turnover and attract the best possible employees.

So when Jack increases his employees' salaries, their increased productivity will recoup the extra labor costs. At the end, Jack believes his profit will increase because of the higher wages he pays.

8 0

2 years ago

Discuss briefly how each of the following changes would affect the natural rate of unemployment.

Mariana [72]

Answer:

a. Schools operate for the full year, so no students are looking for summer work.

This will cause that the total labor force decreases, so the natural rate of unemployment will decrease. The natural rate of unemployment includes only structural and frictional unemployment. Since no students will look for summer jobs, then frictional unemployment will decrease, therefore, total natural unemployment will decrease also.

b. The Internet lists all the jobs available in the whole country, so it is easier for job seekers to locate potential jobs.

This will help to decrease structural unemployment which will in turn decrease the natural rate of unemployment. Structural unemployment happens when an unemployed individual cannot find a job that fits his/her skills. Internet job postings will make it easier for unemployed people to find jobs that match their skills.

c. People who quit their jobs are drafted into low-wage community-service jobs.

This should reduce frictional unemployment (which reduces the natural rate of unemployment), since frictional unemployment is made up of people that quit their jobs in order to search a better job or are looking for their first job ever. If people realize that quitting their current jobs will result in them being drafted into low wage jobs, less people will quit their jobs. This doesn't mean that they will stop searching for a better, it means that they will continue searching for a better while still employed.

d. In addition to unemployment insurance, the unemployed receive a bonus for finding new jobs; the bonus is greater if the job is found in the first few weeks of search and declines with the duration of search.

This should motivate people to get any available job as quick as possible. Sometimes a person that is fired will not accept possible jobs because they consider that they can get a better job, so they decide to wait until they get the job that they want. If a bonus is given, a lot of people will be motivated to accept any new job that they can find as long as it allows them to collect the bonus. This doesn't mean that they will quit looking for their dram job or the job that they deserve, it means that they will be working while doing so. This should decrease the natural rate of unemployment.

4 0

3 years ago

suppose an economy is hit with a positive oil price shock in one period that raises the level of oil prices permanently. if adap

Tasya [4]

The economy is hit with a positive oil price shock in one period that raises the level of oil prices permanently. if adaptive expectations hold, this wil shift the AS curve up initially and then shift the AS curve back to original position in the following period.

<h3>What is the AS curve?</h3>

The aggregate supply curve describes the amount of real GDP that the economy supplies at different price levels. The reasoning used to construct the aggregate supply curve is different from the reasoning used to construct the supply curves of individual goods and services. The supply curve for a single good is constructed under the assumption that the prices of production inputs remain unchanged. If the price of good X rises, the unit cost for sellers to supply good X does not change, so sellers are willing to supply more of good X - so the supply curve for good X shifts upward. However, the aggregate supply curve is determined based on the price level. An increase in the price level increases the price producers receive for their output and thus increases production.

To learn more about AS curve, refer;

brainly.com/question/14020407

#SPJ4

4 0

1 year ago

You have just taken over an existing work group that has been together for about a year. Your observations suggest that the grou

nirvana33 [79]

Answer:

A. Performing stage

Explanation:

Performing stage is that stage in which the team members know each other clearly and there is a lot of cooperation and consensus amongst them.

The team is committed toward the teams's missions and how to achieve it. Hence the team is more like an problem solving team with combined efforts.

I hope this helps.

Thank You.

4 0

3 years ago

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