Economics 247 Assignment 1 Version A This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely. 1. a. 3/3Define opportunity cost‚ and explain its importance in economics. (3 marks) -The opportunity cost of something is what you must give up of one thing‚ in order to get it. Opportunity cost is a key concept of
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FACTORS AFFECTING STUDENTS ACADEMIC PERFORMANCE There are various factors that can influence a student in their academic performance whether it is negative or positive Parent’s Motivation should be there to teach their children to appreciate their hard work and guide them as they move along. A student must learn to devote their time and effort and exercise diligence and patience while studying; parents and their family has a very strong influence that affects heavily their performance.
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EPGP Quiz 1 Time: 1 hour‚ closed book Answer all questions. Circle the correct answer. 2 points each. 1. The law of demand states that‚ holding all else constant: A. as price falls‚ demand will fall also. B. as price rises‚ demand will also rise. C. price has no effect on quantity demanded. D. as price falls‚ quantity demanded rises. 2. Which of the following would not shift the demand for good A? A. Drop in price of good A. B. Drop in price of good B. C. Consumer income. D. Change
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Economics for business TABLE OF CONTENTS Question 1 ................................................................................................................................ 3 Overview of the Mauritian Economy ........................................................................................ 3 Economic Indicators ............................................................................................................ 4 GDP .............................................
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ECONOMICS CHAPTER 1- INTRODUCTION TO ECONOMICS ● Assumed 3 decision makers- consumers (households) – that sell land‚ labour‚ capital & entrepreneurship and firms- that pay rent‚ wages‚ interest and profits (rewards for above factors of production ) firms then use the factors to produce G/S in return for payment from consumer. Govt imposes taxes on individuals and (income tax) and firms (corporate tax) to provide infrastructure and other services to community ● Econon’s 2 basic assumptions
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contributed to the revolution was that the colonists did not feel that they were being treated the way Great Britain ought to treat them. Indeed‚ the colonists expressed many social‚ political‚ and economical grievances that the British unlawfully thrust upon them. Specifically‚ there are several prominent causal factors that led to the American Revolution‚ such as revolutionary women’s roles‚ the Stamp Act‚ as well as the French and Indian War. Women played a significant social role in aiding and
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Standards/Elements addressed by the Unit 1 test: SSEF1 The student will explain why limited productive resources and unlimited wants result in scarcity‚ opportunity costs‚ and tradeoffs for individuals‚ businesses‚ and governments. a. Define scarcity as a basic condition that exists when unlimited wants exceed limited productive resources. b. Define and give examples of productive resources (factors of production) (e.g.‚ land (natural)‚ labor (human)‚ capital (capital goods)‚ entrepreneurship)
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CHAPTER ONE 1. INTRODUCTION As a social creature‚ man (economic‚ social and political status notwithstanding) craves for and enjoys freedom of association‚ freedom of movement‚ right to embark on any lawful economic activity‚ having the right to vote and be voted for‚ and to live in a conducive environment devoid of wars or tyrannical government. When all‚ or at least most‚ of these conditions are attained‚ the outcome is usually the creation of avenues for peaceful co-existence of individuals
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Coby Deitch Mrs. Eichleay 8th Grade Social Studies March 11‚ 2016 Economic fighting in the 1800’s Historical Context: President Quincy Adam’s term was over and the election leading to Andrew Jackson’s presidency was heavy with political parties. Quincy Adams served as a diplomat‚ a senator‚ and was in the House of Representatives. Andrew Jackson was in the Congress‚ a senator‚ a national hero when his forces defeated the Creek and Seminole Indians‚ and fought in New Orleans during the War of 1812
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EC137 Economics Coursework Based on Principles of Microeconomics (Lecturer: Ger Turley) Assignment 2 Instructions: To be submitted by 4pm on Friday‚ 18th of October to the Economics Department‚ 1st floor of St. Anthony’s building (old part of the CAIRNES School of Business and Economics building) on the Upper Newcastle Road (located on the right-hand side‚ beyond the Topaz garage and crossroads). Please ensure that your name‚ student ID‚ tutorial details (day‚ time‚ venue)‚ degree programme
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