). Basket of Goods the PPP exchange rate calculations are also controversial because of the difficulties involved in finding comparable 'baskets of goods' to compare purchasing power across countries. People in different countries typically consume different baskets of goods; assign varying priorities to different goods; and even the goods available for purchase may differ across countries. Moreover, what is considered a luxury in one culture could be considered a necessity in

The policy prescription for the classical economist will not be to adjust inflation in order to deal with unemployment. In the short run, the classical economist may view that the Phillips Curve holds, but only until the point where workers become informed, at which point they would demand an increase in real wages. In today's information-rich economy, this time lag would be small to the point where a classical

This consequently means that he has to adapt the theoretical models to his particular features. The distribution strategy constitutes a means in which the theoretical business model is adjusted to fit the specific needs of the company and as such ensure its long-term sustainable success. To better understand, the specialized literature presents the reader with a series of distribution strategies, such as online retailing, direct distribution or indirect distribution. If

Captiva Conglomerate Case There are several facts at play. First, there are two systems being supplied. Both are overdue, one by four months and the other by ten months. The manager who uses the system is not able to adequately elaborate in the English language what the problem is, just a generic statement of "It's a disaster" and "My people can't use it." Apparently, the problem relates to something about the

Consumer surplus can be defined as the difference between what the consumers are willing to pay for the consumption of a commodity and the actual price of that particular commodity. In any given market, there are acceptable prices for each and every item and the acceptable quantities. Consumers in certain situations tend to drive the price of the commodities high by creating the imprecation that they are willing to pay

electronics distribution industry and the performance of firms in the industry in 2001. An overall summary is best captured in the opening line of the article, "It was a disastrous year for electronics distribution in 2001." The article then provides the detail of the performance of the firms, comparing them to the previous years performance. These details include that most firms had double digit declines in sales for 2001, compared