International finance assessment Essay Example | Topics and Well Written Essays - 500 words

International finance assessment - Essay Example A notable weakness of the theory emanates from the counter-intuitive nature of the comparative advantage principle. This means that the assumptions made by the theory defy logic. The other weakness of the comparative advantage theoretical assumptions is that they can be confused with the assumptions made by the absolute advantage theory. As such, people may contradict the assumptions made by this theory with the assumptions made by the absolute advantage approach (Carbaugh, 2011). In most cases, Multinational Corporations tend to stand out as more competitive than domestic firms. This emanates from the fact that these firms deal with a diverse variety of goods and services, thus motivating people to purchase from them. In addition, multinational corporations employ modern forms of technology, which enable them to meet the needs of the customers. Large scale production by multinational corporations can also be regarded as another factor that contributes to their competitiveness. With mass production, these firms can meet the market demands of the customers since they produce in large quantities, thus reducing the shortages in the market. The other reason why MNEs thrive at the expense of local firms is because they sell goods at a lower price than domestic firms. Since they do not incur high production costs (because they use advanced technology), MNEs can price goods at an affordable price (Carbaugh, 2011). There are various forms of comparative advantage, which can be regarded as different based on a number of factors. One of the forms of comparative advantage includes absolute advantage, which states that one of the countries taking part in international trade has the capacity to have a higher output in every unit produced than the other country. For example, one country can have high output of coffee in each of the units of the product that it produces. Based on comparative advantage, when one of the countries has a

Nursing research Essay Example | Topics and Well Written Essays - 1000 words - 1

Nursing research - Essay Example Healthcare practitioners are ill-equipped to manage pain in children as a result of these factors. Despite these challenges, healthcare practitioners identify the important role that they should play in effective management of pain in children. Importantly, effective pain management influences a hospital’s HCAHPS scores with effective management promoting the quality of care offered in a healthcare facility. The American Academy of Pediatrics (AAP) and the American Pain Society (APS) noted, acute pain in children â€Å"is associated with increased anxiety, avoidance, somatic symptoms, and increased parent distress† (p.793). Consequently, these factors underline the importance of implementing intervention programs that enhanced effective management of pain in children. Moreover, effective management of pain will not only improve the quality of care provided by a healthcare facility, but it will also restore the overall health of children. On the other hand, it is the res ponsibility of healthcare practitioners to eliminate or lessen pain and suffering among their patients when possible. Moreover, it is common knowledge that all children deserve to have the best practices that managed their pain in an approach that ensured effective prevention, assessment, and control of the pain. In order to ensure that the healthcare facility managed pain effectively, it is pertinent to come up with an intervention program that was effective in pain management. In line with this, the objective of the program will be the implementation of interventions that ensured the achievement of the best practices to manage, assess, and control pain in children using an approach that was clinically viable and based on research. In this case, the program will involve training nurses in the pediatric ward about detection, assessment, control, and effective management of pain in children. In addition, a pain nurse will be visiting the pediatric ward three times in a day. Moreover, nurses will involve parents in the process of pain management. A pain nurse who will be visiting the pediatric wards each day will be essential in providing support for nurses, which will effectively reduce the stress associated with pain management in children. The pain nurse will assess the approaches that the nurses used to assess, control, and manage pain in children