Tag: consumers

Krishen and Bui (2013), discusses an array of argument towards healthcare consumers.

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English

Part 1

Krishen and Bui (2013), discusses an array of argument towards healthcare consumers. They argue that consumer makes their decision based on influence. As a result, Krishen and Bui presupposed that the media is a powerful tool that can manipulate behavior. According to the authors, using logical fallacies and rhetorical appeals can help patients suffering from obese and other behavioral related illnesses. Krishen and Bui (2013) say that positive behavior change can be enhanced by coding messages that certain foods are better while instilling fear to others that are detrimental to human health.

Giachino et al. (2017) study on the influences of social media suggests that people can benefit out of use of social media when it is used to caution or instill fear of the dangerous habit. The authors argue that the problem of careless driving can be addressed by threatening users of the consequences of such measures. The article also suggests various fear tactics to achieve the best outcome out of logical fallacies and rhetorical appeals.

Part 2

Persuasion remains a vital component of human communication. Given consumer differences, including their varied perceptions about food, eating habits, and other habit-forming activities, marketers and health experts tend to use negative, as well as positive reinforcement with the sole purpose of changing given behaviors. In recent studies by Krishen and Bui (2015) and Giachino et al. (2017), the researchers employ a comprehensive approach to using big fear-inducing tactics to reinforce driving at reasonable or low speeds and addressing obesity problems among consumers, respectively.  Through fear advertisements and logical fallacies, these scholars sought to instill and maintain the much-needed positive eating habits and safety on our roads.

Research has shown that fear-driven communication tools are partly useful, especially when individual participants understand that the primary purpose of these techniques is to mislead them. According to Fransen, Smit, and Verlegh (2015) informed consumers are more likely to remain immune to the intended effects of these methods, as they become resistant to fear. Sensibly speaking, one of the significant limitations of fear-related advertising tactics revolve the fact that potential and existing consumers might choose to avoid the product associated with the advert. For instance, some might think that they have been consuming unhealthy food. Another of their weaknesses is that when conducted for a long time they instill a great deal of fear in people, who might fail to drive even at the recommended or normal speeds.

In addition, if I had the opportunity to serve as one of the studies’ active participants, I would have responded positively to the fear-based approaches since I not only fear for my life but also the dangers posed to others through careless and high-speed driving. Most importantly, I would ask the researchers whether their studies were ethical, as they revolve around the manipulation of the masses.  In essence, I firmly believe that my concern is in line with the already established standards and regulations governing research.

Besides my reaction and concerns during the studies, the articles are insightful. First, I have learned that people tend to make informed or better decisions under positive reinforcement or reactions of fear. For instance, Krishen and Bui (2015) challenge individuals to evaluate the potential health effects of what they consume. At the same time, Giachino et al. (2017) associate high-speed driving with injuries and death, which remind students and the public of the significance of low-speed driving. On the same note, I have witnessed these fear-based tactics applied through word of mouth. In a recent health seminar, the speaker asked people to wash both their hands and fruits before consuming them lest they suffer from cholera. I firmly believe these mediums are effective since individuals delivering such speech are professionals with firsthand experience in etiology of given diseases and conditions.  

References

Fransen, M., Smit, E., Verlegh, P. (2015). Strategies and motives for resistance to persuasion: An integrative framework. Frontiers in Psychology, 6, 1201.

Giachino, C., et al. (2017). Fear appeals in social marketing: The case of anti-speeding video advertisement “Mistakes.” Journal of Customer Behavior, 16(1), 61-74.

Krishen, A. & Bui, M. (2013). Fear advertisements: Influencing consumers to make better health decisions. International Journal of Advertising, 34(3), 533-548.

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Actions of A company on Consumers

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Actions of A company on Consumers

The major aim of marketing is to create and enhance customer value.  Generally, marketing encompasses exchange between sellers and buyers or between other parties.  Therefore, marketing significantly impacts a firm, its customers, its suppliers, and other parties that are directly or indirectly affected by the company’s choices. Marketing mostly entails enduring relationships between sellers, buyers, and other parties. The main processes involved in marketing are the creation, communication, and exchange of commodities. The main idea in marketing is for a firm or an entity to come up with an item of value to many or just a single customer, who should be willing to pay a sufficient amount of money to make the venture worthy of taking into serious cognizance opportunity cost.

Actions of A company on Consumers

A corporate crisis usually leads to negative publicity, adversely affecting a company’s image and reputation. A corporate crisis is a non-routine and unexpected occurrence that leads to uncertainty within a company and can eventually threaten an organization’s major objectives (Seeger, Sellnow, and Ulmer, 1998). Corporate crises have recently been witnessed in Arthur Andersen, where there have been questionable accounting ethics; Firestone has had defects in tires it manufactures and contamination of Taco Bell products by gene-spliced corn.  Irrespective of the specifics of the situation, crises, whenever they arise, often escalate to negative publicity that undesirably affects the company’s image. Generally, publicity is widely acknowledged to be more influential and credible compared to any other company0controlled communication (Bond & Kirshenbaum, 1998). There is always high credibility, same as negative effects, a propensity for negative information to be weighted more than positive information whenever people evaluate other people, ideas, or objects (Mizersku, 1982). In addition, companies are more likely to get negative news from the media since the media always prefers to disseminate bad news.

Every company is subjected to legal responsibilities and, therefore, is expected to follow the set law to the letter, which directly influences the planning process of an organization. For proper operation, a firm must be sufficiently familiar with all aspects which govern the industry in which the company functions within. For example, a legal dispute presented in the Hill case circled Black’s breaching of contractual and fiduciary duties by unlawfully diverting to a rival company an important which all aspects rightfully belonged to the corporation (Delaware, 2004). With his associates, Black had greatly gained from their ill-gotten wealth through the non-competition payments linked to sales of newspapers by Hollinger International from 1998 until 2002(Doolittle and Westhead, 2007). Consequently, it was reported that for Hill Corporate assets to be transferred, Black, and his associates, aborted every effort to have them disclose the necessary information that was needed to be filed with SEC and that they manipulated and distorted several ipieces of nformation in the corporate records and books. They also ensured the records did not in any way reflect the transactions as accurately as required. Also, legislations on securities require the revelation of some prescribed information that concerns the affairs of the company and other public companies. This comprises insider trading reports, financial statements, a yearly information form, material change reports, and press releases (Canadian Securities Institute, 2008)

To effectively govern their businesses, every organization must think critically about developing appropriate guidelines during the planning process.  Apart from governing the business, it is also aimed at protecting the company, its shareholders, and its employees by setting ethical codes of conduct. The Caux system of ethics is a scheme of well-crafted principles to help the organization create ground rules to foster ethical practice. The first principle is to address the concern of the business’s past shareholders and aim toward stakeholders; it clearly states, “Every business has a crucial role to play in bettering the well-being of their employees, customers, and shareholders through sharing the wealth they have accumulated over the years with them” (Bateman & Stairs, 2006). For instance, black did not honor Hill’s ethical responsibility first principle when he sold one of the company’s important assets, known as the American Trucker, to a rival corporation and then transferred a lump sum amount of $ 2 million payment to another related entity, and consequently benefitting himself directly at the expense of the company and its shareholders (Boritz  & Robinson, 2004).

Toyota also suffered a serious crisis because of unintended issues with the quality of the cars it produced; This led to a significant decrease in the number of clients and a decline in profits.  For a long time, Toyota had been known as the peak of innovation by Japanese manufacturing industrial pioneers and quality (The Economist, Feb 13, 2010). Its automobiles are famous worldwide for reliability, fuel efficiency, and economy. Its rivals constantly envied its culture and lean manufacturing techniques of constant improvement and advancement worldwide. After the crisis, 9 million cars were taken back for adjustments under the potential problems involving acceleration pedals, floor mats, and braking systems, all of which were in one way or the other linked to acceleration problems coming from the public.

This case involved a large-scale business environment that required a corporation-wide and robust plan to tackle the unexpected crisis. Since the crisis disrupted the organization’s normal operation and knocked on the implications of the company’s assets, the normal future relations of the company were greatly affected. This mainly involved the stakeholders of the company and consequently affected the survival of the company. The company employed very professional communication strategies to solve the crisis as well as maintain the reputation and image of the company in the public domain. The company used a denial strategy, evasion of responsibility, corrective strategy, mortification strategy, and lastly, decreasing the offensiveness of the crisis. All this ensured the company returned to its initial position in the market and took over its customers.

Whenever a company that deals with customers, shareholders, and clients has a crisis, it goes without saying that it will, in one way or another, affect the reputation of the company and, ultimately, its profits. When the Toyota Company experienced the crisis, it made huge losses and lost millions of potential customers worldwide. I think this was justified so that the company could adjust and ensure the products it takes to the market for consumers are of their best quality.

References

Hassini, E., Surti, C., & Searcy, C. (2012). A literature review and a case study of sustainable supply chains focused on metrics. International Journal of Production Economics, 140(1), 69-82.

Ivarsson, I., & Alvstam, C. G. (2011). Upgrading in global value chains: a case study of technology-learning among IKEA suppliers in China and Southeast Asia. Journal of Economic Geography, 11(4), 731-752.

Bateman, S. & Snell, A. (2007). Management: Leading and collaborating in a competitive world (7th ed.). New York: McGraw-Hill.

Boritz, J. & Robinson, L. ( May, 2004). Hollinger International Inc. Center for accounting ethics: University of waterloo.

Canadian Securities Course Volume 1 (2008). The Canadian Regulatory Environment. Toronto: The Canadian Securities Institute

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Developing Professional Nursing : Partnering with Consumers

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‘Effective partnerships are linked to a positive experience for patients, as
well as high-quality health care and improved safety’ (ACSQHC, 2017).
For this assessment, you will be required to choose ONE ‘action’ from
the ‘Partnering with Consumers’ standard from the Australian
Commission on Safety and Quality in Health Care and examine clinician
resources related to that action during your PEP that effectively aim to
promote a person-centred approach to care.
You will be required to answer a series of questions related to that action
which will require you to draw on those clinician resources sourced and
engage with the literature to draw your own conclusions on the
following questions:
How do those resources meet the related action?
How effectively do you think they are implemented in your
organisation?
What considerations may they create for your own future
professional practice?

Sample Solution

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Synthesize knowledge from sciences humanities and nursing in managing the needs ofhumans as consumers of healthcare in a patient-centered environment.

Posted on | by KN Simon

 

Synthesize knowledge from sciences, humanities, and nursing in managing the needs of
humans as consumers of healthcare in a patient-centered environment.

 

 

NR452 Evidence-based Paper Part 2 Guidelines.docx Revised September 2015 SME-ELP /CIS-LLS 1
Capstone Evidence-based Paper Part 2 Guidelines
PURPOSE
In this final assignment of the Capstone course, the student will use skills of inquiry gained in the
baccalaureate nursing program to identify a clinical issue upon which nurses have the ability to resolve or
have a positive impact. With a focus on the diversity of the individual as well as the variation of cultural
values of a particular population, the student will develop a plan for addressing the clinical issue. With the
incorporation of other disciplines from the health care team the student will describe the role the nurse
has in the implementation of an ethically sound plan.
COURSE OUTCOMES: This assignment enables the student to meet the following course outcomes.
CO # 1: Synthesize knowledge from sciences, humanities, and nursing in managing the needs of
humans as consumers of healthcare in a patient-centered environment. (PO#1)
CO # 2: Integrate communication and relationship skills in teamwork and collaboration functioning
effectively with health team members and consumers of care. (PO#3)
CO # 3: Utilize information technology to manage knowledge, mitigate error, and support decision
making with health team members and consumers of care. (PO# 8)
CO # 4 Integrate critical thinking, clinical reasoning skills, best current evidence, clinical expertise,
and patient/family preferences/values in the implementation of the nursing process. (PO# 4)
CO # 5: Explore the impact of professional standards, legislative issues, ethical principles, and values
on professional nursing, using data to monitor outcomes and improve quality and safety.
(PO# 5, CO
CO # 6: Prepare for transition to the novice nurse role through experiential-based learning focused
on safety both through individual performance and system effectiveness. (PO 7)
DUE DATE
Unless otherwise instructed by the faculty, this assignment is due to be submitted in the course drop box no
later the 12 am (midnight) on the Friday of Unit 6. The College™s Late Assignment Policy applies to this
activity.
TOTAL POINTS POSSIBLE: 230 points
REQUIREMENTS
¢ Length of paper 8-10 pages excluding the title page and the reference page.
¢ The sources cited both in text and on the reference page for this assignment will be formatted
according APA 6th edition guidelines.
NR452 Capstone Course
NR452 Evidence-based Paper Part 2 Guidelines.docx Revised September 2015 SME-ELP /CIS-LLS 2
¢ A minimum of six (6) peer-reviewed scholarly sources are required in support of the Evidence-based
Capstone Evidence-based Paper Part 2 paper.
¢ This assignment will be graded using the Capstone Evidence- based Paper Part 2 Rubric available in
Unit 6 of the course.
PREPARING THE ASSIGNMENT
The first part of the project, the Capstone Evidence-based Paper Part 1, provides the foundation for this
final paper which includes the topic and an initial search of the literature. The student is now ready to
gather additional background information on the clinical issue, the patient population and develop a plan
that could be carried out by a nurse to resolve the clinical issue. When developing the completed Capstone
Evidence-based Paper Part 2, the student is expected to reflect on the knowledge and experience gained in
the nursing program and to continue to draw from one of the four main categories of the NCLEX-RN
examination blueprint.
The student will incorporate faculty feedback received on the Capstone Evidence-based Paper Part 1 assignment
in completing this assignment. With the exception of the Introduction, each criterion listed below will serve as
the major headings of this assignment due in Unit Six and will include the following:
? Title Page: (APA 6th edition formatting)
Introduction: In this paper, the student will expand on the previous discussion and provide additional details
to those ideas presented in the Capstone Evidence-based Paper Part 1 assignment.
? Clinical Issue: In the Capstone Evidence-based Paper Part 1 assignment, the student identified the topic
of the clinical issue. The topic is a clinical problem drawn from one of the four categories of the NCLEXRN
examination blueprint: assurance of a safe and effective care environment, health promotion and
maintenance of health, and the preservation of the patient™s psychosocial and physiological integrity.
i. In this paper the student will provide a detailed description of the relationship between
the category from the NCLEX-RN examination blueprint and the clinical issue.
ii. The reference to the NCLEX-RN examination blueprint found at the National Council of
State Boards of Nursing website constitutes one scholarly reference.
? Importance: The student will describe the importance of the clinical issue to the health of a patient
population. This discussion will include the potential negative effect of leaving the clinical issue
unresolved for:
i. The patient population,
ii. The health care system,
iii. Other identifiable considerations.
NR452 Capstone Course
NR452 Evidence-based Paper Part 2 Guidelines.docx Revised September 2015 SME-ELP /CIS-LLS 3
? Patient Population: In the Capstone Evidence-based Paper Part 1 assignment, the student described the
patient population that is impacted by the clinical issue. With a focus on the diversity of the human
condition found within this patient population, the student should expand on that narrative by
describing the influence that cultural values may have on the plan.
? Proposed Solution: In the Capstone Evidence-based Paper Part I assignment, the student set the stage
for proposing the best solution to the clinical problem by using appropriate evidence-based data and
integrating data from peer-reviewed journal articles. In this paper, the student will:
i. Propose a clear solution to the clinical problem that is supported by a minimum of
three scholarly, peer-reviewed journal articles.
ii. Expand on the ethical considerations when developing the plan.
? Goals: While the intervention will not actually be carried out, the student will discuss the plan that could
be implemented by a nurse to address the clinical issue. One short-term and one long-term goal of the
intervention will be identified. The student will include a description of how attainment of each of the
goals would be measured.
? Barriers: The student will identify a minimum of two potential barriers to the success of the plan as well
as a strategy for addressing each one.
? Benefits: The student will describe a minimum of one benefit to the patient population and one benefit
to the nursing profession that will result from carrying out the plan. Provides a minimum of one
scholarly, peer-reviewed source in support of the benefit of the plan to the patient population.
? Participants and Interdisciplinary Approach: The student will identify all of the parties whose
participation is important for the success of implementing the plan.
i. This list will include a minimum of two members of disciplines outside of nursing.
ii. A description of the benefit of including each member from another discipline to the success
of the plan.
iii. A minimum of one scholarly, peer-reviewed source providing support for the success of the
plan by including the healthcare team member outside of nursing.
¢ Conclusion:
i. Provides a thorough recap of the purpose of the plan to prevent or help to resolve the clinical
issue.
ii. Includes a complete statement describing why addressing this clinical problem matters and to
whom.
¢ Reference Page: (APA 6th edition formatting)
DIRECTIONS AND ASSIGNMENT CRITERIA
Assignment
Criteria
Point
s
% Description
Introduction 30 13% ? Introduces a clinical problem drawn from one of the
four main categories of the NCLEX-RN examination
NR452 Capstone Course
NR452 Evidence-based Paper Part 2 Guidelines.docx Revised September 2015 SME-ELP /CIS-LLS 4
Assignment
Criteria
Point
s
% Description
blueprint:
? Assurance of a safe and effective care
environment.
? Health promotion and maintenance of health.
? Preservation of the patient™s psychosocial
integrity.
? Preservation of the patient™s physiological
integrity.
? This reference appropriately cites the
NCLEX-RN examination blueprint found
at the National Council of State Boards
of Nursing website and constitutes one
scholarly reference.
? Expounds on the importance of the clinical problem to
the health of the patient population.
Patient Population 25 10.9% ? Summarizes the diversity of the human condition
found within the patient population.
? Identifies the influence that cultural values may have
on the plan for addressing the clinical issue.
Proposed Solution 30 13% ? Proposes a clear solution to the clinical problem that is
supported by a minimum of three scholarly, peerreviewed
sources.
? Expands on the ethical considerations in developing
the plan for addressing the issue affecting patient
population.
Goals 25 10.9% ? Develops a minimum of one short-term goal.
? Develops a minimum of one long-term goal.
? Includes the ways in which attainment of each of the
goals will to be measured.
Barriers 20 8.7% ? Identifies a minimum of two anticipated barriers to the
success of preventing or resolving the clinical issue.
? Describes at least one strategy for addressing each
anticipated barrier.
Benefits 25 10.9% ? Describes a minimum of one benefit to the patient
population and one benefit to the nursing profession
that will result from preventing or resolving the clinical
issue.
NR452 Capstone Course
NR452 Evidence-based Paper Part 2 Guidelines.docx Revised September 2015 SME-ELP /CIS-LLS 5
Assignment
Criteria
Point
s
% Description
? Provides a minimum of one scholarly, peer-reviewed
source in support of the benefit of the plan to the
patient population.
Participants and
Interdisciplinary
Approach
25 10.9% ? Identifies all of the parties who will be involved in the
implementation of the clinical project.
? This list includes a minimum of two members of a
discipline outside of nursing.
? Includes the benefit of including each member from
another discipline to the success of the project.
? Provides a minimum of one scholarly, peer-reviewed
source in support of the success of the plan by
including the healthcare team member outside of
nursing.
Conclusion
25 10.9% ? Provides a thorough recap of the purpose of the plan
to prevent or help to resolve the clinical. issue.
? Includes a complete statement describing why
addressing the clinical problem matters and to whom
APA 6th edition Format,
Grammar and
Punctuation
25 10.9% ? Uses clear and correct grammar.
? Uses proper sentence structure and flow.
? Adheres to all APA 6th edition formatting guidelines for
title page, margins, and in-text citations.
Total Points = 230 Points Earned = _____
NR452 Capstone Course
NR452 Evidence-based Paper Part 2 Guidelines.docx Revised September 2015 SME-EP/ CIS-LS 6
GRADING RUBRIC
Assignment
Criteria
Outstanding or Highest
Level of Performance
A (92“100%)
Very Good or High Level of
Performance
B (84“91%)
Competent or Satisfactory
Level of Performance
C (76“83%)
Poor, Failing or
Unsatisfactory Level of
Performance
F (0“75%)
Introduction
(30 points)
Completely sets the stage for
selecting the clinical issue in
terms of the impact on the
health of a patient population.
Offers a detailed description of
the statement of purpose for
the paper while introducing a
clinical problem drawn from
one of the four main categories
of the NCLEX-RN examination
blueprint which is
appropriately cited.
(28-30 points)
Partially sets the stage for
selecting the clinical issue in
terms of the impact on the
health of a patient population.
Identifies most but not all of
the details describing the
statement of purpose for the
paper while introducing a
clinical problem drawn from
one of the four main
categories of the NCLEX-RN
examination blueprint which is
appropriately cited.
(26-27 points)
Minimally addresses the
clinical issue in terms of the
impact on the health of a
patient population. Describes
in general terms the statement
of purpose for the paper but
does not introduce a clinical
problem drawn from one of
the four main categories of the
NCLEX-RN examination
blueprint.
(23-25 points)
Provides a description of the
purpose of the paper but does
not address the clinical issue in
terms of the impact on the
health of a patient population.
Does not introduce a clinical
problem drawn from one of
the four main categories of the
NCLEX-RN examination
blueprint
(0-22 points)
Patient Population
(25 points)
Clearly summarizes the
diversity of the human
condition found within the
patient population. Completely
identifies the influence that
cultural values may have on
the plan for addressing the
clinical issue in the patient
population. Provides an
expanded view of the ethical
considerations of the patient
population.
(23-25 points)
Partially summarizes the
diversity of the human
condition found within the
patient population. Provides
limited identification of the
influence that cultural values
may have on the plan for
addressing the clinical issue in
the patient population.
Presents an incomplete view of
the ethical considerations of
the patient population.
(21-22 points)
Minimally summarizes the
diversity of the human
condition found within the
patient population. Provides
marginal identification of the
influence that cultural values
may have on the plan for
addressing the clinical issue in
the patient population.
Presents an inadequate view of
the ethical considerations of
the patient population.
(19-20 points)
Summary of the diversity of
the human condition found
within the patient population
missing. Identification of the
influence that cultural values
may have on the plan for
addressing the clinical issue in
the patient population
Identification of patient
population missing completely
or lacking in description.
(0-18 points)
NR452 Capstone Course
NR452 Evidence-based Paper Part 2 Guidelines.docx Revised September 2015 SME-EP/ CIS-LS 7
Assignment
Criteria
Outstanding or Highest
Level of Performance
A (92“100%)
Very Good or High Level of
Performance
B (84“91%)
Competent or Satisfactory
Level of Performance
C (76“83%)
Poor, Failing or
Unsatisfactory Level of
Performance
F (0“75%)
Proposed Solution
(30 points)
Proposes a clear solution to
the clinical problem that
encompasses pertinent ethical
considerations in the
development of the plan.
Appropriately supported by a
minimum of three scholarly,
peer-reviewed journal articles.
(28-30 points)
Proposes a solution to the
clinical problem that provides
minimal reference to the
ethical considerations of
developing the plan.
Appropriately supported by
two scholarly, peer-reviewed
journal articles.
(26-27 points)
Attempts to propose a solution
to the clinical problem that
does not provide reference to
the ethical considerations of
developing the plan.
Appropriately supported by
one scholarly, peer-reviewed
journal article.
(23-25 points)
Makes reference to a solution
to the clinical problem without
reference to the ethical
considerations of developing
the plan and is not
appropriately supported by
scholarly, peer-reviewed
journal articles.
(0-22 points)
Goals
(25 points)
Develops one or more shortterm
goal and one or more
long-term goal. Includes a
complete description of the
ways in which attainment of
each of the goals will be
measured.
(23-25 points)
Provides a partial description
of one short-term goal and one
long-term goal. Includes a
partial description of the ways
in which attainment of each of
the goals will be measured.
(21-22 points)
Provides a minimal description
of one short-term goal and one
long-term goal. Includes a
limited description of the ways
in which attainment of each of
the goals will be measured.
(19-20 points)
Makes reference to a shortterm
goal and at least one
long-term goal but neglects to
provide a description of the
ways in which attainment of
each of the goals will be
measured.
(0-18 points)
Barriers
(20 points)
Completely describes
minimum of two anticipated
barriers to the success of the
implementation of the clinical
project and plans for
addressing them.
(19-20 points)
Partially describes one
anticipated barrier to the
success of the implementation
of the clinical project and plans
for addressing same.
(17-18 points)
Provides a minimal description
of anticipated barriers to the
success of the implementation
of the clinical project and
minimal or missing plans for
addressing them.
(16 points)
Little or no reference to the
anticipated barriers to the
success of the implementation
of the clinical project and plans
for addressing them.
(0-15 points)
Benefits
(25 points)
Provides a thorough
description of a minimum of
one benefit to the patient
population and one or more
Provides a partial overview of
one benefit to the patient
population and one benefit to
the nursing profession that will
Provides a minimal overview of
benefit to the patient
population and benefit to the
nursing profession that will
Fails to provide an overview of
benefit to the patient
population and to the nursing
profession that will result from
NR452 Capstone Course
NR452 Evidence-based Paper Part 2 Guidelines.docx Revised September 2015 SME-EP/ CIS-LS 8
Assignment
Criteria
Outstanding or Highest
Level of Performance
A (92“100%)
Very Good or High Level of
Performance
B (84“91%)
Competent or Satisfactory
Level of Performance
C (76“83%)
Poor, Failing or
Unsatisfactory Level of
Performance
F (0“75%)
benefit to the nursing
profession that will result from
carrying out the clinical
project. Provides one or more
scholarly, peer-reviewed
source in support of the
benefit of the plan to the
patient population.
(23-25 points)
result from carrying out the
clinical project. Provides one
scholarly, peer-reviewed
source in support of the
benefit of the plan to the
patient population.
(21-22 points)
result from carrying out the
clinical project. Provides one
reference for support of the
benefit of the plan to the
patient population.
(19-20 points)
carrying out the clinical
project. Does not provide a
reference in support of the
benefit of the plan to the
patient population.
(0-18 points)
Participants and
Interdisciplinary
Approach
(25 points)
Provides complete details
identifying all of the parties
who will be involved in the
implementation of the clinical
project. This list includes two
or more members of a
discipline outside of nursing.
Provides a complete
description of the benefit of
including each member from a
discipline outside of nursing to
the success of the project.
Provides a one or more
scholarly, peer-reviewed
source in support of the
success of the plan by
including the healthcare team
member outside of nursing.
(23-25 points)
Provides partial details
identifying all of the parties
who will be involved in the
implementation of the clinical
project. This list includes at
least one member of a
discipline outside of nursing.
Provides a partial description
of the benefit of including each
member from a discipline
outside of nursing to the
success of the project.
Provides a minimum of one
scholarly, peer-reviewed
source in support of the
success of the plan by
including the healthcare team
member outside of nursing.
(21-22 points)
Minimally details the parties
who will be involved in the
implementation of the clinical
project. May or may not
include a member of a
discipline outside of nursing.
Provides a minimal description
of the benefit of including each
member from a discipline
outside of nursing to the
success of the project.
Provides one reference in
support of the success of the
plan by including the
healthcare team member
outside of nursing.
(19-20 points)
Minimal or missing details of
the parties who will be
involved in the implementation
of the clinical project. Does not
include a member of a
discipline outside of nursing.
Missing a description of the
benefit of including members
from a discipline outside of
nursing to the success of the
project. Does not provide a
reference in support of the
success of the plan by
including the healthcare team
member outside of nursing.
(0-18 points)
Conclusion Provides a thorough recap of Provides a partial recap of the Partially provides a minimal Minimal or missing recap of the
NR452 Capstone Course
NR452 Evidence-based Paper Part 2 Guidelines.docx Revised September 2015 SME-EP/ CIS-LS 9
Assignment
Criteria
Outstanding or Highest
Level of Performance
A (92“100%)
Very Good or High Level of
Performance
B (84“91%)
Competent or Satisfactory
Level of Performance
C (76“83%)
Poor, Failing or
Unsatisfactory Level of
Performance
F (0“75%)
(25 points) the purpose of the plan to
prevent or help to resolve the
clinical issue including a
complete statement describing
why addressing this clinical
problem matters and to whom.
(23-25 points)
purpose of plan to prevent or
help to resolve the clinical
issue including a partial
statement describing why
addressing this clinical problem
matters and to whom.
(21-22 points)
recap of the plan to prevent or
help to resolve the clinical
issue including a minimal
statement describing why
addressing this clinical problem
matters and to whom.
(19-20 points)
plan to prevent or help to
resolve the clinical issue lacking
a statement describing why
addressing this clinical problem
matters and to whom.
(0-18 points)
APA 6th edition
Format, Grammar
and Punctuation
(25 points)
APA 6th edition format is used
accurately and consistently in
the paper, on the title page, intext
citations, and/or the
Reference page. No errors in
grammar or punctuation.
(23-25points)
APA 6th edition formatting is
used with1-2 errors, on the
title page, in-text citations,
and/or the Reference page.
Less than 2 errors in grammar
or punctuation.
(21-22points)
No more than 3-5 errors in
APA 6th edition formatting in
the paper, on the title page, intext
citations, and the
Reference page. No more than
3-5 errors in grammar or
punctuation.
(19-20 points)
More than 5 errors in APA 6th
edition formatting in the
paper, on the title page, in-text
citations, and/or the Reference
page. More than 5 errors in
grammar or punctuation.
(0-18 points)
Total Points Possible = 230 points

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What are some of the ways in which you could inform or signal potential consumers that your nursing home is of high quality?

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One of your competitors launches a “We will not be undersold” campaign, which promises consumers 150 % of any difference between its prices and the advertised prices of other pharmacies. Evaluate the social issues in your community as well as the economic culture that is influencing this type of pricing competition.
2. Develop and describe a microeconomic model that is responsive to the service demands of your market. Based on your conclusions, how would you react to this situation and with what business strategy would you approach this?
3.How might you apply game theory to the creation of your strategy?
Imagine that you run a nursing home facility in your area. Analyze and comment on the role public policy has in the economic aspect of running this type of health services center.
Compare and contrast the economic challenges and incentives this type of health care model presents.
What are some of the ways in which you could inform or signal potential consumers that your nursing home is of high quality?
Which of your proposed methods are most apt to be reliable signals that significantly communicate to consumers so they are able to make more informed decisions?

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Nursing Care of Mental Healthcare Consumers

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Nursing Care of Mental Healthcare Consumers
“How would you feel when almost every individual within the society treats you differently by avoiding any form of interaction? Well, no one prefers to be treated that way. Mental health consumers are more often marginalized because of their mental state. This aspect can worsen their entire being and situation, which can propel them to neglect the self. By definition, a mental health consumer refers to persons who use mental health services in order to empower their mental health status while obtaining support or treatment. Evidently, suffering from mental illness can be devastating to a patient and that situation can affect various aspects of their lives ranging from their physical status to their emotional being. On the other hand, self-neglect refers to the behavioral situation in which a person neglects or fails to attend to their personal basic needs such as feeding, appropriate clothing, tending appropriately to medical conditions, feeding or personal hygiene. Nonetheless, in extreme cases of self-neglect, the situation can be inferred to as Diogenes syndrome (Townsend, 2013). Despite the severity of self-neglect in a mental health consumer, nursing professionals need to care for them in an attempt to improve their mental health issues. This presentation focuses on the relevance of nursing care for mental healthcare consumers who self-neglect to modern mental health nursing as well as to recognize the appropriate linkages with other mental health care providers.

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describe how the active participation of consumers and nominated carers in planning care and treatment contributes to a persons recovery in a mental health context. Finally, write a short conclusion that analyses and synthesises your discussion of the above areas and finish with a statement of the implications for nurses across all areas of nursing practice.

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describe how the active participation of consumers and nominated carers in planning care and treatment contributes to a person’s recovery in a mental health context. Finally, write a short conclusion that analyses and synthesises your discussion of the above areas and finish with a statement of the implications for nurses across all areas of nursing practice.

NMIH208 Mental Health Nursing 1 Assessment 1: Written Assignment – Essay Weighting: 40% 2,500 words DUE: SUNDAY AUGUST 14, 2016 11.55pm (WEEK 3) Assignment guide: The historical care and treatment of people with a mental illness has provided strong evidence to underpin the need for less paternalistic, more inclusive models of care. The recovery movement has driven the necessary revisioning of mental health care service delivery on a worldwide scale. The empowerment and inclusion of consumers and carers in care planning and treatment is the foundation of the recovery movement. This shift has been reflected at all levels of service planning and care delivery and also within the legislation that governs the care, treatment and control of people who are mentally ill or disordered (NSW Mental Health Act 2007). Assignment questions: This assignment is organised within 4 parts: Part a) requires you to describe the provisions for involvement of family and nominated carers in mental health treatment within the NSW Mental Health Act 2007. Part b) requires you to review a variety of literature and discuss the meaning of recovery within the context of mental health. Part c) requires you to discuss nurses’ inclusion of consumers in planning their mental health care and treatment and how this participation has changed with the advent of the recovery movement. In part d) describe how the active participation of consumers and nominated carers in planning care and treatment contributes to a person’s recovery in a mental health context. Finally, write a short conclusion that analyses and synthesises your discussion of the above areas and finish with a statement of the implications for nurses across all areas of nursing practice. You are required to submit this work to Turnitin (without reference list) prior to submission to check your similarity levels and to identify and correct poor academic practice (cut and paste or plagiarism) in advance of submitting your work to the Moodle dropbox. TIPS FOR WRITING THIS WORK: • This is an essay and therefore there should not be any headings within your work. Construct a short introduction that informs the reader of the areas you will be discussing in your essay (the four sections). • Note that 50% of the marks for this work are attributed to how well you argue (critique) the information you are presenting, how well you write it and how you reference. Please apply a consistent approach to referencing (needs to be school style). • As a guide, if you find one reference for each area of discussion you can only describe what the authors have said and this will attract a pass mark at best. To critically analyse, you need to source a number of references for each point you are making and compare and contrast the different authors findings, or point out that they all agree (reach a conclusion). NMIH208 Mental Health Nursing 1 Assessment 1: Written Assignment Marking Guide Student Name ……………………………………………….. Student Number………………………….. Criteria Absent Inadequate Satisfactory Good Excellent Marks Addresses key areas:  Part a) describes the provisions for involvement of family & carers the NSW Mental Health Act 2007.  Part b) discusses recovery within mental health.  Part c) discusses nurses’ inclusion of consumers and outlines changes from recovery movement.  Part d) describes contribution of participation in planning care and treatment to recovery.  Analyses & synthesises findings with nursing practice. 0 0 0 0 0 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 5 6 5 6 5 6 5 6 5 6 7 8 7 8 7 8 7 8 7 8 9 10 9 10 9 10 9 10 9 10 /50 Critical analysis:  Discusses a variety of evidence  Creatively synthesises the evidence to reach valid conclusions 0 0 1 2 3 4 1 2 3 4 5 6 5 6 7 8 7 8 9 10 9 10 /20 Research and referencing:  Quality of research (year/relevance/journal articles)  Referencing as per SNM Handbook 2014 (in-text & ref list) 0 0 1 2 1 2 2.5 2.5 3 4 3 4 5 5 /10 Style and organisation:  Adheres to word length and uses school format  Sequencing of material  Inclusion and quality of introduction and conclusion  Written expression (sentence and paragraph structure, language used and spelling) 0 0 0 0 1 2 1 2 1 2 1 2 2.5 2.5 2.5 2.5 3 4 3 4 3 4 3 4 5 5 5 5 / 20 This assignment is worth 40% of the total assessment for this subject / 100 Late Penalty (if applicable):

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review a variety of literature and discuss the meaning of recovery within the context of mental health. Part c) requires you to discuss nurses inclusion of consumers in planning their mental health care and treatment and how this participation has changed with the advent of the recovery movement.

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review a variety of literature and discuss the meaning of recovery within the context of mental health. Part c) requires you to discuss nurses’ inclusion of consumers in planning their mental health care and treatment and how this participation has changed with the advent of the recovery movement.

NMIH208 Mental Health Nursing 1 Assessment 1: Written Assignment – Essay Weighting: 40% 2,500 words DUE: SUNDAY AUGUST 14, 2016 11.55pm (WEEK 3) Assignment guide: The historical care and treatment of people with a mental illness has provided strong evidence to underpin the need for less paternalistic, more inclusive models of care. The recovery movement has driven the necessary revisioning of mental health care service delivery on a worldwide scale. The empowerment and inclusion of consumers and carers in care planning and treatment is the foundation of the recovery movement. This shift has been reflected at all levels of service planning and care delivery and also within the legislation that governs the care, treatment and control of people who are mentally ill or disordered (NSW Mental Health Act 2007). Assignment questions: This assignment is organised within 4 parts: Part a) requires you to describe the provisions for involvement of family and nominated carers in mental health treatment within the NSW Mental Health Act 2007. Part b) requires you to review a variety of literature and discuss the meaning of recovery within the context of mental health. Part c) requires you to discuss nurses’ inclusion of consumers in planning their mental health care and treatment and how this participation has changed with the advent of the recovery movement. In part d) describe how the active participation of consumers and nominated carers in planning care and treatment contributes to a person’s recovery in a mental health context. Finally, write a short conclusion that analyses and synthesises your discussion of the above areas and finish with a statement of the implications for nurses across all areas of nursing practice. You are required to submit this work to Turnitin (without reference list) prior to submission to check your similarity levels and to identify and correct poor academic practice (cut and paste or plagiarism) in advance of submitting your work to the Moodle dropbox. TIPS FOR WRITING THIS WORK: • This is an essay and therefore there should not be any headings within your work. Construct a short introduction that informs the reader of the areas you will be discussing in your essay (the four sections). • Note that 50% of the marks for this work are attributed to how well you argue (critique) the information you are presenting, how well you write it and how you reference. Please apply a consistent approach to referencing (needs to be school style). • As a guide, if you find one reference for each area of discussion you can only describe what the authors have said and this will attract a pass mark at best. To critically analyse, you need to source a number of references for each point you are making and compare and contrast the different authors findings, or point out that they all agree (reach a conclusion). NMIH208 Mental Health Nursing 1 Assessment 1: Written Assignment Marking Guide Student Name ……………………………………………….. Student Number………………………….. Criteria Absent Inadequate Satisfactory Good Excellent Marks Addresses key areas:  Part a) describes the provisions for involvement of family & carers the NSW Mental Health Act 2007.  Part b) discusses recovery within mental health.  Part c) discusses nurses’ inclusion of consumers and outlines changes from recovery movement.  Part d) describes contribution of participation in planning care and treatment to recovery.  Analyses & synthesises findings with nursing practice. 0 0 0 0 0 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 5 6 5 6 5 6 5 6 5 6 7 8 7 8 7 8 7 8 7 8 9 10 9 10 9 10 9 10 9 10 /50 Critical analysis:  Discusses a variety of evidence  Creatively synthesises the evidence to reach valid conclusions 0 0 1 2 3 4 1 2 3 4 5 6 5 6 7 8 7 8 9 10 9 10 /20 Research and referencing:  Quality of research (year/relevance/journal articles)  Referencing as per SNM Handbook 2014 (in-text & ref list) 0 0 1 2 1 2 2.5 2.5 3 4 3 4 5 5 /10 Style and organisation:  Adheres to word length and uses school format  Sequencing of material  Inclusion and quality of introduction and conclusion  Written expression (sentence and paragraph structure, language used and spelling) 0 0 0 0 1 2 1 2 1 2 1 2 2.5 2.5 2.5 2.5 3 4 3 4 3 4 3 4 5 5 5 5 / 20 This assignment is worth 40% of the total assessment for this subject / 100 Late Penalty (if applicable):

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Why do consumers have to make tradeoffs in deciding what to consume?

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Why do consumers have to make tradeoffs in deciding what to consume?.

ECO 212 Final Exam. 54 MCQs. ++.

1) Why do consumers have to make tradeoffs in deciding what to consume?
A. there are not enough of all goods produced.
B. they are limited by a budget constraint.
C. the prices of goods vary.
D. not all goods give them the same amount of satisfaction.

2) Economics does not study correct or incorrect behaviors, but rather it assumes that economic agents make the best decisions given their knowledge of the costs and benefits. What term best describes this behavior?
A. selfishly
B. emotionally
C. rationally
D. equitably

3) Consider a good whose consumption takes place publicly. On what factors would your decision to buy that good depend?
A. only on the price of the good, and not on other factors, such as other people’s actions.
B. only on how many other people buy the good, and not on the good itself.
C. only on the characteristics of the good itself and not on other people/s actions.
D. both on the characteristics of the product and on how many other people are buying it.

4) What might you call an outward shift of a nation’s production possibilities frontier?
A. a situation in which a country produces more of one good and less of another.
B. an impossible situation.
C. rising prices of the two goods on the production possibilities frontier model.
D. economic growth.

5) If a commercial dairy farm wants to raise funds to purchase feeding troughs, in which market does it do so?
A. dairy products market.
B. factor market.
C. product market.
D. output market.

6) Which of the following countries is not close to the free market benchmark?
A. Singapore.
B. Germany.
C. North Korea.
D. Canada.

7) If a 35 percent increase in price of golf balls led to an 42 percent decrease in quantity demanded, then the demand for golf balls is
A. relatively elastic.
B. relatively inelastic.
C. perfectly elastic.
D. unit-elastic.

8) Economists in general
A. Incorporate tastes into economic models only to the extent that tastes determine whether pairs of goods are substitutes or complements.
B. Believe that they must be able to explain people’s tastes in order to explain what happens when tastes change.
C. Do not believe that people’s tastes determine demand and therefore they ignore the subject of tastes.
D. Do not try to explain people’s tastes, but they do try to explain what happens when tastes change.

9) Price elasticity of demand measures
A. how responsive sales are to a change in buyers’ incomes.
B. how responsive sales are to changes in the price of a related good.
C. how responsive quantity demanded is to a change in price.
D. how responsive suppliers are to price changes.

10) Which of the following is evidence of a surplus of bananas?
A. The quantity demanded of bananas is greater than the quantity supplied.
B. The price of bananas is lowered in order to increase sales.
C. The equilibrium price of bananas rises due to an increase in demand.
D. Firms raise the price of bananas.

11) At a product’s equilibrium price
A. the product’s demand curve crosses the product’s supply curve.
B. the quantity of the product demanded is greater than the quantity of the product supplied.
C. the quantity of the product demanded is less than the quantity of the product supplied.
D. the product’s demand curve is the same as the product’s supply curve.

12) Danielle Ocean pays for monthly pool maintenance for her home swimming pool. Last week the owner of the pool service informed Danielle that he will have to raise his monthly service fee because of increases in the price of pool chemicals. How is the market for pool maintenance services affected by this?
A. There is a decrease in the supply of pool maintenance services.
B. There is a decrease in the demand for pool maintenance services.
C. There is a decrease in the quantity of pool maintenance services supplied.
D. There is an increase in the supply of pool maintenance services.

13) Which of the following best explains why unemployment rates are higher in the European economies than in the United States?
A. European industries pay a lower wage rate than industries in the United States.
B. Unemployment benefits are more generous in Europe than in the United States.
C. Workers in Europe are less productive than workers in the United States.
D. More Europeans go to school fulltime and are therefore not able to participate in the labor market.

14) At low wages, the labor supply curve for most people slopes upward because
A. the demand for labor is perfectly elastic at low wages.
B. as wages increase the opportunity cost of leisure increases.
C. as wages increase income also increases unless hours worked decrease.
D. the supply of labor is perfectly inelastic at low wages.

15) Let MP = marginal product, P = output price, and W = wage, then the equation that represents the condition where a competitive firm would hire another worker is
A. P × MP = W.
B. P × W > MP.
C. P × MP > W.
D. P × MP < W. 16) An individual’s labor supply curve shows A. the relationship between the quantity of hours worked and total income earned by that individual. B. the maximum wage rates offered to that individual by various potential employers. C. the relationship between wages and the quantity of labor that she is willing to supply. D. the relationship between wages and the quantity of labor that a firm is willing to employ. 17) Which of the following will not cause the labor demand curve to shift to the right? A. an increase in the market wage rate B. an increase in the price of the firm’s product C. a technological improvement that increases labor productivity D. an increase in human capital in the labor force 18) The labor supply for an industry would decrease if A. a greater percentage of women want to work outside the home. B. the wage rate falls. C. the percentage of the population from age 16 to 65 decreases. D. the government welcomes foreign workers into the country. 19) Private costs A. are borne by producers of a good while social costs are borne by those who cannot afford to purchase the good. B. are borne by producers of a good while social costs are borne by government. C. are borne by consumers of a good while social costs are borne by government. D. are borne by producers of a good while social costs are borne by society at large. 20) Which of the following is an example of a common resource? A. taxicab services B. the Sumatran tiger population in the world C. rabbit fur D. the stock of knowledge in the public domain 21) Which of the following displays these two characteristics: nonrivalry and nonexcludability in consumption? A. common resources B. public goods C. private goods D. quasi-public goods 22) A monopoly is a seller of a product A. without a well-defined demand curve. B. with many substitutes. C. without a close substitute. D. with a perfectly inelastic demand. 23) One reason why the coffeehouse market is competitive is that A. consumption takes place in public. B. demand for specialty coffee is very high. C. it is trendy and therefore is likely to have a customer following. D. barriers to entry are low. 24) The reason that the coffeehouse market is monopolistically competitive rather than perfectly competitive is because A. entry into the market is blocked. B. barriers to entry are very low. C. there are many firms in the market. D. products are differentiated. 25) Which of the following goods is directly counted in GDP? A. the plastic bags that Subway purchases to wrap its sandwiches B. the lettuce that Subway purchases for its sandwiches C. the bread that Subway purchases for its sandwiches D. a 12-inch Subway sandwich purchased by a student 26) Which of the following would be directly counted in GDP in 2010? A. kitchen cabinets purchased from Home Depot in 2010 to be installed in a house built in 1997 B. kitchen cabinets built in 1887, extracted from the 1887 home, and installed in a brand new country-style home C. kitchen cabinets built in 1887, extracted from the 1887 home, and installed in a farm house built in 1950 D. none of the these 27) Gross domestic product understates the total production of final goods and services because of the omission of A. exports. B. inflation. C. intermediate goods. D. the underground economy. 28) Which of the following is an objective of fiscal policy? A. high rates of economic growth B. discovering a cure for AIDs C. health care coverage for all Americans D. energy independence from Middle East oil 29) If the economy is slipping into a recession, which of the following would be an appropriate fiscal policy? A. a decrease in oil prices B. a decrease in taxes C. a decrease in government purchases D. an increase in the money supply and a decrease in interest rates 30) Before the Great Depression of the 1930s, the majority of government spending took place at the ________ and after the Great Depression the majority of government spending took place at the ________. A. federal level; state level B. federal level; state and local levels C. local level; federal level D. state and local levels; federal level 31) Which of the following functions of money would be violated if inflation were high? A. medium of exchange B. certificate of gold C. store of value D. unit of account 32) In economics, money is defined as A. any asset people generally accept in exchange for goods and services. B. the total amount of salary, interest, and rental income earned during a year. C. the total value of one’s assets minus the total value of one’s debts, in current prices. D. the total value of one’s assets in current prices. 33) Dollar bills in the modern economy serve as money because A. people have confidence that others will accept them as money. B. they have value as a commodity independent of their use as money. C. they can be redeemed for gold by the central bank. D. they are backed by the gold stored in Fort Knox. 34) In an economy with ________, there are more prices than in an economy with ________. A. fiat money; barter B. money; barter C. fiat money;commodity money D. barter; money 35) The M1 measure of the money supply equals A. currency plus checking account balances plus traveler’s checks plus savings account balances. B. currency plus checking account balances. C. currency plus checking account balances plus traveler’s checks. D. paper money plus coins in circulation. 36) The M2 measure of the money supply equals A. M1 plus savings account balances plus small-denomination time deposits plus noninstitutional money market fund shares. B. savings account balances plus small-denomination time deposits plus noninstitutional money market fund shares. C. M1 plus savings account balances plus small-denomination time deposits. D. savings account balances plus small-denomination time deposits plus traveler’s checks. 37) If the central bank can act as a lender of last resort during a banking panic, banks can A. encourage the public to borrow directly from the central bank, and this will worsen the banking panic. B. satisfy customer withdrawal needs and eventually restore the public’s faith in the banking system. C. borrow more and more money from the central bank, and this will lower its reserves and decrease the public’s faith in the banking system. D. call in their loans to their customers and eventually restore the public’s faith in the banking system. 38) Money market mutual funds sell shares to investors and use the money to buy A. overseas assets through foreign direct investment. B. foreign currency. C. short-term securities. D. mortgage-backed securities. 39) To offset the effect of households and firms deciding to hold less of their money in checking account deposits and more in currency, the Federal Reserve could A. lower bank taxes. B. buy Treasury securities. C. raise the discount rate. D. raise the required reserve ratio. 40) The goals of monetary policy tend to be interrelated. For example, when the Fed pursues the goal of ________, it also can achieve the goal of ________ simultaneously. A. stability of financial markets; a low current account deficit B. high employment; lowering government spending C. economic growth; a low current account deficit D. high employment; economic growth 41) Monetary policy refers to the actions the A. Federal Reserve takes to manage government spending and taxes to pursue its economic objectives. B. President and Congress take to manage the money supply and interest rates to pursue their economic objectives. C. Federal Reserve takes to manage the money supply and interest rates to pursue its macroeconomic policy objectives. D. President and Congress take to manage government spending and taxes to pursue their economic objectives. 42) The Federal Reserve System’s four monetary policy goals are A. price stability, low government budget deficits, low current account deficits, and low rate of bank failures. B. low government budget deficits, low current account deficits, high employment, and a high foreign exchange value of the dollar. C. low rate of bank failures, high reserve ratios, price stability, and economic growth. D. price stability, high employment, economic growth, and stability of financial markets and institutions. 43) Table 2-3 Serena Haley Bracelets 8 9 Necklaces 16 12 Refer to Table 2-3. What is Haley’s opportunity cost of making a bracelet? A. 2 necklaces B. 3/4 of a bracelet C. 3 bracelets D. 1 1/3 necklaces 44) Table 2-3 Serena Haley Bracelets 8 9 Necklaces 16 12 Refer to Table 2-3. Which of the following statements is true? A. Haley has an absolute advantage in making necklaces and Serena in making bracelets. B. Haley has an absolute advantage in making both products. C. Serena has an absolute advantage in making both products. D. Haley has an absolute advantage in making bracelets and Serena in making necklaces. 45) Comparative advantage means the ability to produce a good or service A. at a higher profit level than any other producer. B. at a lower selling price than any other producer. C. at a lower opportunity cost than any other producer. D. of a higher quality than any other producer. 46) If there is currently a surplus of dollars, which of the following would you expect to see in the foreign exchange market? A. There will be a decrease in the supply of dollars. B. The dollar will appreciate. C. The dollar will depreciate. D. There will be a decrease in the demand for dollars. 47) Currency traders expect the value of the dollar to fall. What effect will this have on the demand for dollars and the supply of dollars in the foreign exchange market? A. Demand for dollars will decrease, and supply of dollars will decrease. B. Demand for dollars will increase, and supply of dollars will decrease. C. Demand for dollars will increase, and supply of dollars will increase. D. Demand for dollars will decrease, and supply of dollars will increase. 48) If the dollar appreciates against the Mexican peso, A. The value of Mexican imports to the United States does not change. B. Mexican imports to the U.S. become more expensive. C. U.S. exports to Mexico become less expensive. D. U.S. exports to Mexico become more expensive. 49) You decide to work in Japan for the next 10 years, accumulate some savings, then move back to the United States and convert your savings from yen to dollars. At the time of your move, economists predict that consumers in the United States have reignited their love of Japanese products, especially hybrid cars, and expect that this strong preference for Japanese products will continue for the next decade. How should this influence your decision to work and save in Japan? A. You should be encouraged as the growing U.S. preference for Japanese goods should increase the value of the yen to the dollar and raise the value of your savings when converted to dollars. B. You should be discouraged as the growing U.S. preference for Japanese goods should increase the value of the yen to the dollar and decrease the value of your savings when converted to dollars. C. You should be discouraged as the growing U.S. preference for Japanese goods should decrease the value of the yen to the dollar and decrease the value of your savings when converted to dollars. D. You should be encouraged as the growing U.S. preference for Japanese goods should decrease the value of the yen to the dollar and raise the value of your savings when converted to dollars. 50) If relative purchasing power between the United States and Argentina is 3.22 pesos per dollar, under which circumstances would we say that the dollar is overvalued? A. if the actual exchange rate between the dollar and the Argentinean peso is 3 pesos per dollar B. if the actual exchange rate between the dollar and the Argentinean peso is 3.22 pesos per dollar C. if the actual exchange rate between the dollar and the Argentinean peso is 4 pesos per dollar D. if the actual exchange rate between the dollar and the Argentinean peso is 0.22 pesos per dollar 51) If the purchasing power of the dollar is greater than the purchasing power of the euro, purchasing power parity predicts that the exchange rate will A. not fluctuate and stay constant in the long run. B. increase if the exchange rate is greater than 1 euro per dollar. C. decrease if the exchange rate is less than 1 euro per dollar. D. be equal to the relative purchasing power across the currencies in the long run. 52) China has been accused of deliberately undervaluing its currency, the yuan, in order to A. maintain purchasing power parity. B. increase its exports. C. increase its imports. D. prevent deflation. 53) Shares of stock and long-term debt, including corporate and government bonds and bank loans, are bought and sold on A. commodity markets. B. the stock market. C. capital markets. D. foreign exchange markets. 54) What two countries each accounted for more than 25% of all foreign purchases of U.S. stocks and bonds in 2008? A. Mexico and Canada B. Japan and Mexico C. China and the United Kingdom D. Japan and India

Why do consumers have to make tradeoffs in deciding what to consume?

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Assist your organizations marketing department to better understand how consumers make economic decisions.

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Assist your organizations marketing department to better understand how consumers make economic decisions..

ECO 365 Week 5 Theory of Consumer Choice and Frontiers of Microeconomics

You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions.

Write a 1,050-word analysis that includes the following:

• The impact the theory of consumer choice has on:

• Demand curves

• Higher wages

• Higher interest rates

• The role asymmetric information has in many economic transactions

• The Condorcet Paradox and Arrow’s Impossibility Theorem in the political economy

• People not being rational in behavior economics

Cite a minimum of 3 peer-reviewed sources not including your textbook.

Format consistent with APA guidelines.

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Assist your organizations marketing department to better understand how consumers make economic decisions.

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