Chapter 2 Economics Problem Production Possibility Frontier (PPF) -boundary between those combination you chose to produce - there is a limited about of production capabilities -curve/ boundary for production possibility - the points inside curve are attainable -all points outside ppf are unattainable Production Efficiency -using resources to maximum capacity -efficiency means that if you increase production of pizza means you must give up cola (only way—no extra resources to use)
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What Makes Poor Countries Poor? In the past century‚ the world has seen countless scientific and technological advancements that have greatly improved the human condition. Thanks to these developments in communications‚ transportation‚ medicine and agriculture‚ the wealth of developed nations has increased at phenomenal rates. Unfortunately‚ not all countries have experienced these benefits. Many nations still have a per capita GDP of $1000 or less. These countries continue to be poor because
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their adult life at word‚ job satisfaction is an important element of individual wellbeing. What factors contribute to job satisfaction? How realistic is the expectation of job satisfaction for all workers? Since work constitutes an important part in people’s life‚ job satisfaction will‚ to a great extent‚ affects the degree of individual sense of happiness. To the best of my knowledge‚ three major factors may be contributive to job satisfaction‚ including salary‚ working environment and company
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What Are the Factors That Affect Inventory? Often it is said that by avoiding process‚ design‚ operational and management problems‚ inventory can be avoided but it is not always so. These are some basic reasons for the growth of inventory which is not at all desirable by any firm. But there are many more factors which can lead to the growth of inventory and they need to be dealt with to avoid losses in the future. Some factors have long term impact on inventories so it is imperative to recognize
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1. What was the Japanese “economic miracle?” During World War II Japan engaged in war as an allied of the Nazi armies‚ and it counted with a strategic position to control the pacific. Its government‚ militarized and power thirsty started expanding its sovereignty around Southeast Asia and the Manchurian peninsula in China. But it was not until the attack on the American military base‚ Pearl Harbor‚ that the Japanese where condemn to suffer the consequences of pacific war. In the aftermath of
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lePolitical and Legal Factors The Great FireWall of China: At the forefront of Google’s numerous court and legal battles over the years is its endeavours in trying to crack the world’s internet market‚ China. Google had first started offering a Chinese translated version of its Google.com site in 2000‚ but Chinese users often struggled to connect or experienced problems online due to poor service from the countries licensed ISP’s (internet service providers). China’s government heavily restricts
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Political and Economic Environment Comparison Political and Economic Environment Comparison Introduction The political and economic environments between Costa Rica and Mexico have similarities as well as differences. There are strong values and ethical views from both cultures that need to be compared and respected before there is complete understanding. The ability to understand each culture’s description and detailed information will determine how both cultures are able to understand
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D2 Evaluate how future economic‚ political‚ legal and social factors impact the strategy of an organisation Economic Factors Economic factors have always been a concern for businesses like Tesco’s this is because the economy is continuously changing. In 2008 we experienced a worldwide recession which affected every business after the stock market collapsed. Tesco’s were also affected by the recession which resulted in their profits decreasing however they did find a way to benefit from the
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The economic growth of Thailand is mostly sustained by exports. However‚ recently a political crisis over several months continues to make its local consumption and investment slump and even curbs economic growth. That is to say‚ political situation plays an important role in economic growth which is mostly estimated with GDP. The National Economic and Social Development Board said the second quarter gross domestic product is 4.9%‚ year to year percentage change‚ slowing from 6.1% rate in the
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component of understanding a client’s presenting problem(s) and establishing an efficient treatment plan is to conceptualize his/her case. The main focus in Maria’s case is her diagnosis of posttraumatic stress disorder (PTSD). In order to conceptualize her case‚ two theoretical models were used to explain the development and maintenance of her posttraumatic stress symptoms. These theoretical models have been recognized as Mowrer’s (1947) two-factor theory‚ and Ehlers and Clark’s (2000) cognitive model
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