ECN 360 GCU

ECN 360 Grand Canyon Final Exam



ECN360



1. Which of the following represents the relationship between Disposable income (DI), consumption (C), and saving (S)?



DI + C = S

DI = C * S

DI = C - S

DI = C + S



2. Which of the following is NOT a method for promoting global Economic growth?



Count on the world's governments to develop policies that promote economic growth in developing nations.

Reliance on private markets to direct capital goods toward their best use.

Encourage population growth so that developing nations' labor supply increases.

Market based approach.



3. In the classical model, an increase in aggregate demand will cause



a decrease in price level.

an increase in actual output, or Gross Domestic Product (GDP).

an increase in price level.

a decrease in actual output, or Gross Domestic Product (GDP).



4. Of the relationships below, which is the least stable?



Consumption

Net exports

Investment

Saving



5. When investment occurs in developing nations



investors hope to gain significant ECN360GCU returns on their investment and residents gain higher rates of economic growth.

Significant levels of pollution usually occur.

Government politicians usually benefit from the illegal payments made to secure the investment.

higher rates of economic growth are ECN 360 Grand Canyon Final Exam usually not achieved.


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BUS660GrandCanyonWeek8CompleteWork

BUS 660 Grand Canyon Week 8 Complete Work



BUS660



BUS 660 Grand Canyon Week 8 Discussion 1

Describe a current problem facing your department, organization, or industry that would indicate the need for simulation. What key factors of this business situation indicate the need for simulation (versus the other modeling techniques covered in the course)? Support your response with rationale from the readings.



BUS 660 Grand Canyon Week 8 Discussion 2

Consider some of the examples you have brought up in earlier topics. Describe the key differences between simulation models and the models covered earlier in the course. Outline how the approach to solving this problem would differ in terms of applying and computing/solving the models.



BUS 660 Grand Canyon Week 8 Assignment

Simulation Case Study: Phoenix Boutique Hotel Group

Details:

Review "Simulation Case Study: Phoenix Boutique Hotel Group" for this topic's case study, in which you provide guidance to Phoenix Boutique Hotel Group (PBHG) founder Bree Bristowe.

In addition to creating a simulation model, prepare a 500-750-word recommendation for Bristowe's best course of action. Explain your model and the rationale for your recommendations.

Use an Excel spreadsheet file for the calculations and explanations. Cells should contain the formulas (i.e., if a formula was used to calculate the entry in that cell). Students are highly encouraged to use the "Simulation Case Study: Phoenix Boutique Hotel Group Template" Excel resource to complete this assignment.

Mac users can use StatPlus: mac LE, free of charge, from AnalystSoft.

Prepare the assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required. This assignment uses a rubric. Please BUS660GCUWeek8Complete review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to Turnitin. BUS660GCU Please refer to the directions in the Student Success Center.

BUS 660 Grand Canyon BUS 660 Grand Canyon Week 8 Complete Work

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