Where was the Dow Jones when Obama took office?

July 8, 2024 No Comments

A: When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) slumped to 7,949.09, the lowest inaugural performance for the Dow since its creation. The S&P 500 and the Nasdaq took similar hits, dropping 5.3 and 5.8 percent, respectively, and

What major laws regulating financial institutions were created in response to the 2008 financial crisis?

July 8, 2024 No Comments

A: Presidents George W. Bush and Barack Obama signed into law several major legislative responses to the financial crisis of 2008. The most influential and controversial of these was the Dodd-Frank Wall Street Reform and Consumer Protection Act, which introduced a raft of measures designed

Which countries are most productive in terms of GDP?

July 8, 2024 No Comments

A: If you are measuring productivity based on Gross Domestic Product (GDP), the ten most productive countries in the world are, in order, the United States, China, Japan, Germany, France, the United Kingdom, Brazil, Italy, Russia and India. Each of these countries has a GDP

What methods can the government use to control inflation?

July 8, 2024 No Comments

A: Inflation occurs when an economy grows due to increased spending. When this happens, prices rise and the currency within the economy is worth less than it was before; the currency essentially won’t buy as much as it would before. When a currency is worth less, its exchange rate

Which countries have the highest tariffs?

July 8, 2024 No Comments

A: Data on import tariffs are compiled by the World Bank and the World Trade Organization (WTO). Tariff analysis can be complicated, as different rates apply to different products from different partners. Moreover, the listed or “bound” rates often do not match applied rates. The tariff rankings listed

What percentage of the population do you need in a representative sample?

July 8, 2024 No Comments

A: Technically, a representative sample requires only whatever percentage of the statistical population is necessary to replicate as closely as possible the quality or characteristic being studied or analyzed. For example, in a population of 1,000 that is made up of 600 men and 400

What role does a correspondent bank play in an international transaction?

July 8, 2024 No Comments

A: A correspondent bank is most typically used in international buy, sell or money transfer transactions to facilitate foreign currency exchange and payments. What Is a Correspondent Bank? A correspondent bank is a bank in one country that is authorized to provide services for another

What role does the government play in capitalism?

July 8, 2024 No Comments

A: The proper role of government in a capitalist economic system has been hotly debated for centuries. Unlike socialism, communism or fascism, capitalism does not assume a role for a coercive, centralized public authority. While nearly all economic thinkers and policymakers argue in favor of

What strategies do companies employ to increase market share?

July 8, 2024 No Comments

A: Companies increase market share through innovation, strengthening customer relationships, smart hiring practices, and acquiring competitors. A company’s market share is the percentage it controls of the total market for its products and services. Market share is calculated by measuring the percentage of sales or

What types of consumer goods demonstrate the price elasticity of demand?

July 8, 2024 No Comments

A: All consumer goods are governed by the laws of supply and demand, so every type of consumer good “demonstrates” the price elasticity of demand. This does not mean the relationship between demand and price is equal across all types of consumer goods. For example,

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