Wednesday, September 28, 2022

What Is One Example Of A Closed Economy Brainly

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How To Ask An Open

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Everything easy or complicated requires competence. Asking the right question is also one such thing that requires capabilities. Capability to understand and segment the target audience, determine the kind of questions that will work well with that audience, and determine the efficiency of open-ended questions.

Here are four ways to create effective open-ended questions:

  • Understand the difference between open-ended questions and closed-ended questions: Before you start putting questions to paper, you need to have absolute clarity on open-ended vs closed-ended questions. Your objective of sending out an online survey should be clear, and based on that, you can evaluate the kind of questions you would want to use. These are usually used where the feelings and feedback of the customer are highly valued. To receive 100% transparent feedback on these questions, make sure that you dont lead the respondents with your questions and give them complete liberty to fill in whatever they want.
  • Create a list of open-ended questions before curating the survey: Once you get clarity on what are open-ended questions and how to implement them, figure out a list of survey questions that youd want to use. First, you can have a fair share of open-ended questions in your survey, and this number can fluctuate depending on the responses you receive.
  • Examples of open-ended questions like these are extremely popular and give you more value-added insights:

    1. Goto: Login » Surveys » Edit » Workspace

    Interest Rate Developments From A Historical Perspective

    In the long term, the equilibrium real interest rate will be determined by underlying structural relationships in the economy. These relationships will probably only be changed gradually so that changes in nominal rates will primarily reflect changes in expected inflation. In the short term, however, the real interest rate will vary, not least because monetary policy seeks to influence the real interest rate in the short and medium term. Changes in nominal interest rates might therefore reflect changes in both real interest rates and inflation expectations.

    Nominal interest rates were relatively stable from the 1800s and up to the 1950s.1 Periodically strong fluctuations in inflation resulted in substantial variations in the real interest rate from one year to the next, as we measure it in retrospect.

    The gold standard set the framework for monetary policy at the end of the 1800s and up to 1929.2 During the gold standard era, the central bank determined the price of the national currency relative to the price of gold. Central banks had to keep stocks of gold that could be used to stabilise the gold price by actively buying and selling gold in the market.

    Developments in inflation since 1870 have been remarkably similar from country to country. This is not a new feature that has coincided with the market globalisation we have witnessed in recent years.

    Limitations Of Economic Data

    North Korea is known to be secretive, and it does not release economic data. The region has not published any official indicators or statistics on its macroeconomic conditions since 1965. The few sources for basic statistics on the North Korean economy include The Bank of Korea and the Ministry of Unification and Korea Trade-Investment Promotion Agency for trade information specifically.

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    What Are The Effects Of Scarcity In Economics

    What are the effects of scarcity? The scarcity of resources may lead to widespread problems such as famine, drought and even war. These problems occur when essential goods become scarce due to several factors, including the exploitation of natural resources or poor planning by government economists.

    Viiiare Periodic Crises An Inevitable Consequence Ofglobalization

    What is one example of a traditional economy

    The succession of crises in the 1990sMexico, Thailand, Indonesia, Korea, Russia, andBrazilsuggested to some that financial crises are a direct and inevitable result of globalization.Indeed one question that arises in both advanced and emerging market economies is whetherglobalization makes economic management more difficult .

    Clearly the crises would not have developed as they did without exposure to global capitalmarkets. But nor could these countries have achieved their impressive growth records withoutthose financial flows.

    These were complex crises, resulting from an interaction of shortcomings in national policyand the international financial system. Individual governments and the international community asa whole are taking steps to reduce the risk of such crises in future.

    At the national level, even though several of the countries had impressive records ofeconomic performance, they were not fully prepared to withstand the potential shocks that couldcome through the international markets. Macroeconomic stability, financial soundness, openeconomies, transparency, and good governance are all essential for countries participating in theglobal markets. Each of the countries came up short in one or more respects.

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    Ask The Right Survey Questions And Get Better Results

    We live in the Information Age, a time where data is a source of capital. Surveys have become one of the time-tested ways of gathering data. But even with 200+ years of published research and experience, people still fail to obtain helpful information from their surveys. Lucky for you, it doesnt take much time to learn how to carry out a successful survey.

    If you’re still stuck wondering what type of data you should be looking to collect, take a look at our guide to qualitative vs quantitative research methods.

    How To Calculate The Gross National Product

    The official formula for calculating GNP is as follows:

    Y = C + I + G + X + Z

    • X Net Exports
    • Z Net Income

    Alternatively, the Gross National Product can also be calculated as follows:

    GNP = GDP + Net Income Inflow from Overseas Net Income Outflow to Foreign Countries
    GDP = Consumption + Investment + Government Expenditure + Exports Imports

    Gross National Product takes into account the manufacturing of tangible goods such as vehicles, agricultural products, machinery, etc., as well as the provision of services like healthcare, business consultancy, and education. GNP also includes taxes and depreciation. The cost of services used in producing goods is not computed independently since it is included in the cost of finished products.

    For year to year comparisons, Gross National Product needs to be adjusted for inflation to produce real GNP. Also, for country to country comparisons, GNP is stated on a per capita basis. In computing GNP, there are complications on how to account for dual citizenship. If a producer or manufacturer holds citizenship in two countries, both countries will take into account his productive output, and this will result in double counting.

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    Best Practices For Survey Questionsin A Nutshell

    Your objective is to get as many responses as you can. Because then you can make the best decisions. But to do this, you need to follow a few basic rules. Heres an overview of the best practices for writing survey questions:

    Keep your language simple and specific.Unless youre asking Ph.D. students about their opinions on string theory, theres no need to include scientific or confusing language. Type like youd talk.

    Avoid leading questionsHow were our amazing customer service team today? Emm, not actually that great Dont plant opinions in peoples heads before the answer.

    One question = one ideaThis happens often when people put two questions into oneHow was the food and ambiance? Separate questions to get better answers.

    Dont make the survey excessively longIf your survey is over 20 questions long, have a think. Some surveys are just, well long. But if you can condense it, your audience will thank you.

    Show how much longer there isThat said, if its long, let people know how long. Tell people when theyre halfway through your survey. And with typeforms, you can show them with the Progress Bar.

    Make your surveys mobile friendlyWere always on the move. So make sure your survey can be taken from the subway as well as from the office. Psst, typeforms are.

    Which Factor Of Production Is Fixed And Scarce

    Brainly Math Solver

    Therefore, capital too is a scarce factor of production, particularly for the small farmers. Though both land and capital are scarce, there is a basic difference between the two factors of production. ______ is a natural resource, whereas ______ is man-made.It is possible to increase capital, whereas land is fixed.

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    Ixthe Role Of Institutions And Organizations

    National and international institutions, inevitably influenced by differences in culture, play animportant role in the process of globalization. It may be best to leave an outside commentator toreflect on the role of institutions:

    “…That the advent of highly integrated commodity and financial markets has beenaccompanied by trade tensions and problems of financial instability should not come as a surprise,…… The surprise is that these problems are not even more severe today, given that the extent ofcommodity and financial market integration is so much greater.

    ” One possibility in accounting is the stabilizing role of theinstitutions built in the interim. At the national level this means social and financial safety nets. Atthe international level it means the WTO, the IMF, the Basle Committee of Banking Supervisors.These institutions may be far from perfect, but they are better than nothing, judging from thehistorical correlation between the level of integration on one hand and the level of trade conflictand financial instability on the other.”6

    Disadvantages Of Technological Globalization

    1. Has not Closed the Digital DivideThe digital divide is a phenomenon that occurs when wealthier people have better access to technology than poorer people. The inequality in the distribution of technology gives a comparative advantage to wealthier developed nations. While technological globalization has allowed technologies to spread around the world faster, the digital divide still exists between and within nations around the world.

    2. Replacement of Workers by MachinesNew technologies have been implemented in factories to replace workers in menial tasks. While this has been good for making cheaper goods, many worry that it will destroy entire industries and leave people unemployed and disillusioned. For example, Andrew Yang warns of the impact of automated driverless trucks on the trucking industry:

    3. Cultural HomogenizationAs people around the world get access to global media technologies, the dominant media producers spread their cultures around the world. This has led to people blaming globalization for the Disneyfication of culture while indigenous and local cultures become diluted.

    4. Rise of Fake NewsAs internet technologies have enabled anyone to develop their own podcast, YouTube channel or blog, control over the spread of information has been diluted. There are concerns that new technologies have allowed for conspiracy theorists and extremist organizations to spread their nefarious messages online.

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    Efforts At Modernization Since 1991

    Following the collapse of the Soviet Union in 1991, the principal source of external support, North Korea announced in December 1993 a three-year transitional economic policy placing primary emphasis on agriculture, light industry, and foreign trade. However, lack of fertilizer, natural disasters, and poor storage and transportation practices the country fell more than a million tons per year short of grain self-sufficiency. Moreover, lack of foreign exchange to purchase spare parts and oil for electricity generation left many factories idle.

    The shortage of foreign exchange because of a chronic trade deficit, a large foreign debt, and dwindling foreign aid has constrained economic development. In addition, North Korea has been diverting scarce resources from developmental projects to defence it spent more than 20% of GNP on defence toward the end of the 1980s, a proportion among the highest in the world. These negative factors, compounded by the declining efficiency of the central planning system and the failure to modernize the economy, have slowed the pace of growth since the 1960s. The demise of the socialist republics in the Soviet Union and East European countriesNorth Korea’s traditional trade partners and benefactorshas compounded the economic difficulties in the early 1990s.

    What Is Scarcity In Business

    Circular flow of the economy

    Scarcity refers to the basic economic problem, the gap between limited that is, scarce resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

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    Examples Of Uses Of Vaporization

  • Increasing the concentration of a solution. One type of solution consists of a solid substance dissolved in a liquid. If the liquid evaporates, its quantity in the solution decreases, therefore, the concentration of the solid substance is higher.
  • Atmospheric humidity. Moisture in the atmosphere is the product of vaporization. Therefore, in areas near seas or large lakes, atmospheric humidity is usually higher.
  • Clouds. Clouds are the product of the vaporization of water from water mirrors and from other humid surfaces , which then condense into droplets suspended in the atmosphere.
  • The reduction in gastronomy. When we heat a sauce to make it thicker or increase the intensity of its flavor, what we do is accelerate the process of evaporation of liquid.
  • The heated pools. In closed areas where heated swimming pools are located, a large amount of humidity can be perceived in the air. This is because, due to the high temperature and the large surface of the water, evaporation occurs more quickly than in cold pools.
  • The salt flats. The salty water is allowed to evaporate in places called salinas. As the water is removed through evaporation, the salt is available for sale.
  • Examples Of Open Ended Questions

    Respondents like open-ended questions as they get 100% control over what they want to respond to, and they dont feel restricted by the limited number of options. The beauty of open-ended questions is that they can never be a one-word answer. Theyll either be in the form of lists, sentences or something longer like speech/paragraph.

    So, to understand this more, here are some examples of open-ended questions:

  • Interview open-ended question: How do you plan to use your existing skills to improve organizational growth, if hired?
  • Customer-facing open-ended question: Please describe a scenario where our online marketplace helps you make day-to-day purchases.
  • Technical open-ended question: Can you please explain the back-end Javascript code template used for this webpage?
  • Demographic open-ended question: What is your age?
  • Personal / Psychographic open-ended question: How do you typically deal with stress and anxiety?
  • In a study conducted by the Pew Research, respondents were asked, What mattered most to you while deciding how you voted for president? One group was asked this question in a close-ended question format while the other group was asked in an open-ended question format. The results are displayed below:

    Open-ended questions motivate the respondents to put their feedback into words without restricting their thoughts. They arent as objective and dominant as close-ended questions.

    Close-Ended Questions

    • Very unsatisfied
    What do you expect from this appraisal?

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    What Macro Trends Are Driving Growth Of Hospitality And Tourism

    1 – The booming global economy continues to create a positive momentum in the sector by contributing to the overall income per capita.

    Since 2009, this number has constantly increased at an average pace of almost two percent per annum, leading to a growing demand for both international and domestic travel spending.

    2 – Airfares have consistently become more affordable over the last three decades,

    thanks to lower fuel prices, carrier competition and the rise of low-cost airlines. While these are not happy news for the airline industry, which is using ancillary fees to increase profit margins, it benefits travelers who can get more from their purchasing power.

    3 -Corporate travel is yet another contributor to the healthy outlook and is projected to keep growing.

    In China and India, the growth of business travel is particularly steep due to the relentless pace of economic expansion in this part of the world.

    4 – Hotel operators are seeking to expand their portfolios through targeted acquisitions of smaller regional chains.

    What Is The Social Economy And How Can It Be Mobilised To Help The Post Covid

    Autarky (Closed Economy*) vs. FreeTrade: Definitions, Explanation/Comparison and Examples

    Social economy organisations put social and environmental concerns at the heart of their business model, prioritising social impact over profit maximisation. They are driven by a mission of serving the common good, protecting the general interest and increasing individual and community welfare by organising their activity in a different way .

    Social economy business models are unique in a number of ways:

    While sharing common principles and practices, social economy organisations show a great diversity in terms of legal forms, size, outreach and sectors . The field brings together not-for-profit and for-profit entities, the former focusing more on the social component while the latter are more economic-oriented. A majority of social economy actors are small and medium-sized entities, but the field also counts numerous examples of large entities and groups of social economy organisations able to compete with multinationals in some cases. Social economy organisations are active in a wide range of sectors. While traditionally they have been involved in the provision of social services and healthcare, social economy organisations are present throughout the economy.

    While estimates vary, across EU28 countries, there exist 2.8 million traditional social economy organisations , employing about 6.3% of the EU workforce according to CIRIEC .


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    Federal Reserve Actions Over Last Four Decades

    For the period from the mid-1970s up through the end of 2007, we can summarize Federal Reserve monetary policy by looking at how it targeted the federal funds interest rate using open market operations.

    Of course, telling the story of the U.S. economy since 1975 in terms of Federal Reserve actions leaves out many other macroeconomic factors that were influencing unemployment, recession, economic growth, and inflation over this time. The nine episodes of Federal Reserve action outlined in the sections below also demonstrate that we should consider the central bank as one of the leading actors influencing the macro economy. As we noted earlier, the single person with the greatest power to influence the U.S. economy is probably the Federal Reserve chairperson.

    shows how the Federal Reserve has carried out monetary policy by targeting the federal funds interest rate in the last few decades. The graph shows the federal funds interest rate , the unemployment rate, and the inflation rate since 1975. Different episodes of monetary policy during this period are indicated in the figure.

    Episode 1

    Episode 2

    In Episode 2, when economists persuaded the Federal Reserve in the early 1980s that inflation was declining, the Fed began slashing interest rates to reduce unemployment. The federal funds interest rate fell from 16.4% in 1981 to 6.8% in 1986. By 1986 or so, inflation had fallen to about 2% and the unemployment rate had come down to 7%, and was still falling.

    Episode 3

    Episode 4

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