Predict how each of the following economic changes will affect the equilibrium price and quantity in the financial market for home loans. Sketch a demand and supply diagram to support your answers. a. The number of people at the most common ages for home-buying increases. b. People gain confidence that the economy is growing and that their jobs are secure. c. Banks that have made home loans find that a larger number of people than they expected are not repaying those loans. d. Because of a threat of a war, people become uncertain about their economic future. e. The overall level of saving in the economy diminishes. f. The federal government changes its bank regulations in a way that makes it cheaper and easier for banks to make home loans.
MGT 386 TEST Wednesday, November 2 Chapter 10: Human Resources Management Purpose of Human Resources • human resources management includes the hiring, inspiring, and managing of personnel • managing the ﬁrm’s personnel so that you increase employee skill development allows the ﬁrm to develop a key resource I. The Elements of Human Resources • Human Resources: as deﬁned in economics, the quantity and quality of human effort directed toward producing goods and services • the success of entrepreneurial ﬁrms pursuing new opportunities requires a number of deliberate actions by the business founder concerning human resources issues II. The Process of Hiring Employees • the process of ﬁnding and hir