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AysviL [449]
3 years ago
13

______________ did pioneering work on National Income Accounting at the NBER This was very important along with Wesley Mitchell'

s study of the Business Cycle and Milton Friedman's research on the demand for money..
A. Adam Smith
B. Joseph Schumpeter
C. Torstein Veblen
D. Simon Kuznets
Business
1 answer:
IrinaVladis [17]3 years ago
8 0

Answer:

D. Simon Kuznets

Explanation:

Simon (Smith) Kuznets was born April 30, 1901 in Pinsk, Russian Empire (now Belarus),  he was a Russian American economist and statistician and  a 1971 Nobel Prize winner in Economics. In his work, he stressed the importance of making multiple observations, the limitation of simple models based on a single phase of historical experience, and the complexity of underlying economic data.  According to Kuznets, in order for economic data to provide a healthy model, they should include information on the population structure, the nature of labor, the state structure, trade and markets. suggested. It also examines the cyclical changes in growth rates today called Kuznets cycles and their links to key factors such as population.

The National Bureau of Economic Research, founded in 1920, is a private, non-profit, non-partisan research organization designed to foster a deeper understanding of how the economy works. NBER seeks to conduct and disseminate objective economic research among government officials, business professionals, and the academic community.  Over the years, the NBER research program has embraced a wide range of issues that our society faces. Early research focused on the overall economy, examining in detail the business cycle and long-term economic growth. Simon Kuznets’s pioneering work on national income accounting, Wesley Mitchell’s influential business cycle study, and Milton Friedman’s study of money demand and the determinants of consumer spending were among the first studies conducted by NBER.

In 1931, at the direction of Mitchell,  Kuznets claimed responsibility for NBER's work on U.S. national income accounts. In 1934, the United States national income was estimated for the period 1929–1932; in addition, it was extended until 1919–1938, and then until 1869. Although Kuznets was not the first economist to try this, his work was so comprehensive and thorough that it set the standard in this area.

Kuznets managed to solve many problems, starting from a lack of information sources and bias estimates, and ending with the development of a theoretical concept of national income. Kuznets achieved high precision calculations. His work allowed us to analyze the structure of national income and identify for a detailed study a number of specific problems of the national economy. Improved methods for calculating national income and related indicators have become classics and formed the basis of the modern system of national accounts. After analyzing the distribution of income between different social groups, Kuznets hypothesized that in countries in the early stages of economic development, income inequality primarily increases, but as the national economy grows, it tends to decrease. This was Kuznets curve of “An empirical concept".

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In which part of a business plan would you find a description of the production technology, inventory procedures, quality issues
kaheart [24]

Answer:

BUSINESS OPERATIONS AND  ORGANIZATION

Explanation:

Business plan - a plan for the implementation of business operations, company actions, containing information about the company, product, its production, markets, marketing, organization of operations and their effectiveness. Business planning is the definition of goals and ways to achieve them, through any planned and developed action programs, which in the implementation process can be adjusted in accordance with the changed circumstances. According to the definition of the Modern Economic Dictionary and the Big Economic Dictionary, a business plan is a plan, a program for carrying out business operations, enterprise actions, containing information about the enterprise, product, its production, sales markets, marketing, organization of operations and their effectiveness. A business plan is drawn up to describe the stages and ways of conducting an entrepreneurial operation, its profitability and is used to convince partners (creditors) of the advisability of the upcoming transaction, operation. In the “Economic Dictionary”, a business plan is a document developed by an enterprise in which the main aspects of a planned commercial event are systematized. That is, a business plan is the result of a consolidated systematic planning of the enterprise; This is a document of a strategic plan for the creation / development of an enterprise’s business, reflecting the current state, goals and strategy of achieving the expected needs and development of the enterprise. A business plan may also be the result of one-time project planning to solve a specific strategic task; This is the main document of the investment project, which sets out the essence, main characteristics, financial results and economic efficiency of the project. Business planning is the development of a business plan, that is, a procedure for collecting, processing information, making a system of interconnected management decisions in order to obtain the expected result.

Usually, Business Plan contains in 8 parts:

1.Executive summary

2. Background

3. Products and services

4. Markets and clients

5. Business operations and organization  (the true answer to the question)

We can include there: location and premises, marketing and selling methodology, manufacturing,  distribution, order processing/inventory control, company structure/organization, project management and management information systems/reporting.

6. Human resources

7. Legal framework, and environmental and social factors

8. Financial planning

5 0
3 years ago
Which of the following are elements of an effective persuasive message to a superior? Check all that apply. Support requests wit
tekilochka [14]

Answer:

The correct answers are letters "A", "C", and "E": Support requests with facts, figures, and evidence; Describe potential benefits and risks; Strike a conversational yet professional tone.

Explanation:

Business writing must be direct, concise, and objective. The writer must be as short as possible but must be able to provide all information necessary in the message that allows the receiver to take a position over the matter being discussed by the two fo them.

<em>While sending a letter or report to a superior a conversational tone must be implemented to convey a caring attitude. In the case of making proposals, the writer must show the demands have been analyzed in detail providing facts, graphs, and evidence. For such a purpose, it is important to outline the benefits of implementing the requests and the risks of not doing so.</em>

8 0
3 years ago
Charles lackey operates a bakery in Idaho, Falls Because of its excellent product location, demand has increased by 35% in the l
balu736 [363]

Answer:

For each hour of work 2.81 loaves are produced.

Explanation:

current production: 1,800 per month

utility cost 800

ingredient cost: 0.40

productivity per labor hour: output / labor hours

It is the total goods produced over a base.

In this case, labor hour.

1,800/640 = 2.8125

For each hour of work 2.81 loaves are produced.

8 0
3 years ago
An optimum that occurs as a corner solution A. cannot exhaust the budget constraint. B. includes only one good. C. cannot be an
bazaltina [42]

Answer:

B. includes only one good.

Explanation:

A corner solution is a microeconomics concept, which is used to illustrate the graphical representation of a situation where an individual wouldn't do some things at any cost or for any price.

Optimum is usually experienced on the consumer graph at the point where the indifference curve (IC) is just tangential to the consumer's budget constraint. Thus, the corner solution lies at the non-zero interior, which then means that none of the other goods is contained in the optimum.

Hence, an optimum that occurs as a corner solution includes only one good.

<em>For instance, Tracy saying she wouldn't buy a XYZ phone for any price, or Sarah saying she would visit a museum no matter how much it will cost her are some examples of corner solution. </em>

4 0
3 years ago
When installing software you will often see a question that ask?
zloy xaker [14]
<span>When installing software you will often see a question that ask what type of installation would you like to perform: a "typical" install or a "custom" install. Typical or standard install includes installation of most common options. 
Custom install you may choose individual options to be installed. This type of installation is recommended for experienced users. </span>
8 0
3 years ago
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