E C P I, E C ON 201
M R S. M C GE OR GE -AN D E RSO N
Ways to reduce unemployment
Implement a retraining program to reduce the level of frictional and
Increase tax breaks for sm
Chapter 5 Questions
1. Describe the difference between education and training. Why is it
important to have both?
Training is referred to as a job-related skill training and would typically
be used in the workplace of the employee. Whereas education provid
Create constancy of purpose for improving products and services.
Adopt the new philosophy.
Cease dependence on inspection to achieve quality.
End the practice of awarding business on price alone; instead, minimize total cost by working with a
Running head: REDUCING UNEMPLOYMENT
Joshua A. Goehl
According to the Department of Labor, the unemployment rate in the US is at 5.0% as of
October 2015. (BLS.gov, 2015)
Chapter 12 Key Terms
Business cycle Alternating periods of economic expansion and economic recession.
Consumption Spending by households on goods or services, not including spending on new houses.
Economic growth The ability of an economy to produce incre
Running head: REVIEW ASSIGNMENT
Unit 3 Review Assignment
Unit 3 Review Assignment
The statement indicates that it is important for an organization to have clear and strong
long-term strategies an
Current Event 4
In 2003, 13 million households redeemed food stamp benefits using the Electronic Benefit
Transfer (EBT) system. Their EBT purchases accounted for 91 percent of the benefits used that
year, and pro
Unit 1 Assignment 3: Active vs. Passive Voice
1. The rabbit jumped through the fields. (Active)
2.The bedroom will have been cleaned at the end of the night. (Passive)
He will clean the bedroom by the end o
Logic and Design
1. In Figure 3-10, the process of buying and planting flowers in the spring was shown using the
same structures as the generic example in Figure 3-9. Use the same logical structure as in Figure
For the business application assignment, I choose the company Target. The reason I
decided to go with this company is due to that fact that its my favorite retail store to shop at. I
find that my shopping experience while at Target has always been a pleas
Unit 1 Application Assignment
Would the incentives discussed in the video be able to work in a college setting? Why or
In a college setting I believe that by trying to have incentives in place you are not going to be
able to gain an equal margi
According to the video clip, Aldi sells only prepackaged products, 95 percent of which bear
their own private brand labels. How does the law of demand apply to Aldi's private
labeling of 95% of its products?
With Aldi taking away the private labeling on i
Article 6 (11-23-2015)
1. Does this change in China's decision going to positively or negatively impact their
economy? (Explain Why)
It could be both negatively and positively to China. With there being an overpopulation
issue over in that country, it cou
1. Should people accept jobs below their previous employment? (Why or why not?)
I believe it really depends on the individuals situation at the time. Say they have enough savings
to wait for a better job or something similar then they really wouldnt have
Article 5 (11-16-2015)
1. Would these incentives that were discussed in the video work in a college? Why or why not?
I feel like it could work in a college environment. People who are going to college typically
understand that they need to study and pay m
Do you agree with the author?
After reading the article I would have to agree with the points he makes. I dont truly
have much knowledge in this field to really give a well-informed answer as to why I
agree with him. To someone who understands the economi
Who pays the bill?
1. Why dont people recycle just for the environmental benefits?
I think more people dont do it because theres normally nothing in for them. Maybe there is in
the long run indirectly but if it doesnt help them immediately, I dont think p
Article 4 (11-16-2015)
1. Do you agree with the author? Why or why not?
I would agree with the author because he understands the issues because he lives there. He sees
this going on in front of him all the time. He knows how the suburbs degrading creating
Chapter Two Key Terms
Absolute advantage The ability of an individual, a firm, or a country to produce more of a good or
service than competitors, using the same amount of resources.
Circular-flow diagram A model that illustrates how participation in mark
Chapter 17 Key Terms
Contractionary monetary policy The Federal Reserves increasing interest rates to reduce inflation.
Expansionary monetary policy The Federal Reserves decreasing interest rates to increase real GDP.
Federal funds rate The interest rate
Unit 5 Assignment 3: Reflection
I suppose I improved as a writer in small ways but nothing major. Truthfully I prefer to free write and put
down whatever comes to mind. I feel I do much better with an opinion based paper than one I have to do