2DEPARTMENT OF ECONOMICS EC111 INTRODUCTION TO ECONOMICS Thursday 17th May 2012 9.30am – 11.30am (2 hours) Students must answer THREE questions with at least one from each section SECTION A 1. Explain‚ with the use of a labour supply and demand diagram‚ what happens to wages and employment when the pension age increases and there is also an increase in female labour force participation. 2. Using a diagram that shows the relationship between the demand for money and the supply of money
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1 Monopoly Why Monopolies Arise? Monopoly is a rm that is the sole seller of a product without close substitutes. The fundamental cause of monopoly is barriers to entry: A monopoly remains the only seller in its market because other rms cannot enter the market and compete with it. Barriers to entry have three main sources: 1. Monopoly Resources. A key resource is owned by a single rm. Example: The DeBeers Diamond Monopoly|this rm controls about 80 percent of the diamonds in the world. 2. Government-Created
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Louisa May Alcott in My Contraband Louisa May Alcott is an American Novelist best known as the author of the novel “Little Women”. Louisa was born in November 1982‚ grew up in Germantown- Washington D.C and was known to be an abolitionist‚ feminist and also a naturalist. Being a naturalist meant that she believed that nothing existed beyond the natural earth i.e. no such thing as spirituality or the supernatural. Her family suffered from financial difficulties and so Alcott had to work to support
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Little Women by Louisa Alcott would definitely appeal to women of all types and ages. Little Women appeals to a broad audience‚ its full of the values and beliefs‚ and it paints a very real picture of most American’s lives at the time. The reason for this book appealing to such a broad audience lies in all the characters’ personalities. Mrs. March is a strong‚ independent woman who never falters‚ therefore she relates to all independent women; but she is also a mother who plants strong values in
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May 27th‚ 1942. A day of resistance‚ a day of power‚ a day of sadness. This was the day everything started‚ my life and the rest of the people’s lives in Lidice was over. For centuries Lidice was just a small ordinary agricultural village‚ nothing really happened much. My family and I ran a small shop in the center of town. I am a husband and a father 3 beautiful children‚ Adula (15)‚ Paula (10)‚ and Bazil (7). They helped around the shop filling shelves with more bread and sweeping the floors.
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in the MLB until the MlB started to crack down and do drug test on every player. The writer then goes on by giving a lot of examples of players and the type of drugs they used to give them the edge some examples would be like Sammy Sosa and Willie Mays. Then the author goes on to talk about how today’s superstars have really good lawyers and they know how to use the news media and they have a lot of money so the only way to punish them is to take away their Hall of Fame rights. The Author then talks
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Mountain May Apart It is a sad story themed around divergence. The poetic movie title gives it a clue – mountain may apart – almost all the characters fade away from each other’s life during this two-hour film. There are more discrepancies hidden beneath layers of symbols and icons throughout the film. The film is a puzzle waiting to be unpacked. The red Volkswagen‚ the privatization of mining‚ and the year of 1999 contextualized the rapid change occurring in the fast-growing Chinese economy started
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superego‚ and reality in order to produce a satisfactory conclusion or compromise. Erik Erikson discusses psychosocial stages‚ and believed that personality progressed through a series of stages‚ with certain conflicts arising at each stage. Success in any stage depended upon successfully overcoming these conflicts He placed importance on the role of culture and society and the conflicts that can take place within the ego itself‚ whereas Freud emphasised the conflict between the id and the superego. According
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●●●ReadTheory.Org © 2010 Name________________ Date________________ EnglishForEveryone.Org © 2008 “Accused” Reading Comprehension – Short Stories Directions: Read the story. Then answer the questions below. Elizabeth was brooding in her room. She had sought asylum there since spurious gossip about her began circulating at Seagrove Academy last week. Not that Elizabeth had ever been considered a social butterfly. She preferred to live vicariously through the stories of her more
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(c) Cost: Cost refers to the total expenses incurred in the production of a commodity. Costs are studied both in the short run as well as in the long run. There are 6 types of short run costs are: 1. Total Cost (TC) 2. Total Variable Cost (TVC) 3. Total Fixed Cost
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