Essays on Amacher

Introduction

Takezo Takada was a visionary man who started the company in 1933, which only became Takata Corporation in the 1980s. It first ventured on textiles at the Shiga Prefecture in Japan but later shifted to automotive safety items in the 1950s. Today, Takata is the world’s leading manufacturer of automotive safety systems, with a capitalization of ¥41,862 million and 50,539 employees spread throughout the major cities of the world, operating 58 manufacturing plants in about 21 countries (Takata Corporation, 2015). Its corporate governance involves a centrally integrated system, with regional and international offices. It has regional ...

Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil can produce 100,000 units of clothing per year and 50,000 cans of soda. The United States can produce 65,000 units of clothing per year and 250,000 cans of soda. Assume that costs remain constant. For this example, assume that the production possibility frontier (PPF) is a straight line for each country because no other data points are available or provided. Include a PPF graph for each country in your paper.

What would be the production possibility frontiers for Brazil and the United States?

Without trade, the United States produces ...

The circular flow model is a representation of an economy that shows the relationship of businesses and household and through their interaction through market for resources and products. Economy has two agents, which are business firms and households. The first agent is households that are social units comprising of people staying together in the same place. While, business firms are the companies that are involved in the production of products to make profits. Households interact with businesses through two ways; the first way is where households work for business to get income. The second way is when the household uses ...

The Problem Statement

Imagine you are in charge of development of a developing economy and were approached by a multinational corporation interested in locating in your country.

Identify some of the benefits and some of the costs to the host country from the allowing the multinational corporation to locate to a country with a developing economy. Discuss with your classmates if development assistance from world development agencies, such as World Bank or United Nations, would be preferable to private investment.

Introduction

The above statement is a situation of Foreign direct Investment ( the investment into business in a country by a company of foreign country either by a buying a company in the ...

Business is comprised of three most important economic resources namely capital, land, and labor. Land refers to the physical resource for the production of goods or services, labor can be taken as the human manpower, which transforms the resource into consumer products, while capital refers to the money used to buy both (Amacher & Pate, 2012). Within this is the basic economic concept of building human labor, commonly known as human capital investment.

Investing in education as a human capital increases the worth of a person by making such an individual more capable of contributing to the company. Education of employees ...

An externality denotes a situation in which a third party not involved within a transaction incurs a benefit or cost (Amacher & Pate, 2013). That is, an externality occurs whenever a third party experiences side effects in a transaction between sellers and buyers. Whenever a third party gains from the transaction, it is termed a positive externality.

On the contrary, whenever a third party experiences a cost or loss it is referred to as negative externality (Amacher & Pate, 2013). For instance, a new fertilizer plant producing fertilizer for export also inflicts environmental air pollution. Residents of the area experience bad air quality due to air pollution, thus, a negative externality. ...