Course: BUECO5903 BUSINESS ECONOMICS Date: Wednesday 13‚ October‚ 2010 Reading Commences: Writing Commences: Duration: 3 hours Venue: Off Campus Partner Providers Course Coordinator: Paul McPhee Total marks: 60 Instructions to candidates: 1. Print your name and student number on the Examination Paper and Answer Book. At the conclusion of the examination you must hand in both the examination question
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1.0 Introduction Although inflation is generally thought of as an inordinate increase in the general price level‚ throughout the history of economics the causes of inflation and the definition of inflation itself remained as an unresolved issue. There is a general agreement that‚ in the long-run‚ inflation is a monetary phenomenon. In short-run‚ however‚ many other factors could cause inflation that instigates unsettled debate on the causes of inflation. Every school of economists tries to define
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How successful were Stalin’s economic policies in the 1930s? Although it is unarguable to deny that there was certain economic progress in Stalinist Russia throughout the 1930s‚ it is understandable to postulate that the policies implicated under Stalin’s regime were merely introduced primarily to consolidate his political hold on the USSR. During this period‚ Stalin placed particular emphasis on Industrialisation and the abolition of older methods of peasant-controlled farming to be replaced with
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community affect human behavior? Is it possible for people to act differently when people change their community? Community plays a very vital role in human behavior. People change their behavior according to their environment. People change their community in search of good job‚ opportunities‚ good education and for better future. It takes time for people to adjust to their new society. Changing the community might have both positive and negative effect on a person’s behavior. There are different
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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). c. List a variety of strategies for allocating scarce resources. d. Define opportunity cost as the next best alternative given up when individuals‚ businesses‚ and governments confront scarcity
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understand crises‚ we must understand the workings of financial markets and the banking system (the topics of Chapters 15–18)‚ the short-run behavior of the aggregate economy (Chapters 9–12)‚ and the effects of macroeconomic policies (Chapters 13–14). In this chapter‚ we first look at the events in a typical financial crisis and the various ways in which governments and central banks respond to them. We then use this background to examine what happened to the United States starting in 2007 and discuss
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Famines‚ poverty‚ government policy‚ food supply in colonial India Introduction From 1760 till 1943 India was hit by terrible famines on a regular basis. More than 85 million Indians died in these famines which were in reality genocides done by the British Raj. Contrast this to the fact that there have been no famine related deaths since independence. British famine policy in India was influenced by the arguments of Adam Smith‚ as seen by the non-interference of the government with the grain market
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3. Effects of transport systems on economic growth 3.1. Positive effects of transport systems on economic growth These are the effects that transport systems have a positive effect economic growth of which can actually boost the country of South Africa in a financial manner. 3.1.1. Trade Transport systems allow the country to engage in global trade market in a way that South Africa is able to interact in the global economic society. The systems also allow the country to create trading relationships
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The Positive and Negative Effects of Only-Child Policy Only-Child policy‚ aimed at addressing overpopulation‚ was promoted in 1970s. After 25 years‚ this policy does have lots of positive effects. At the same time‚ however‚ it also causes lots of problems. Since each family only has one child‚ parents spoil their child‚ which makes the child fell like the king of the world. In the family‚ the child doesn’t need to do anything and he can get everything he wants. However‚ meanwhile‚ the child
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A review of the contemporary knowledge of bovine tuberculosis and government policy in Iran Keyvan Tadayon a‚b‚ Ken Forbes b‚ Davoud Soleimani c‚ Reza Aref Pajoohi a‚ Bahman Marhmati c‚ Jamaloddin Javidi c‚ Rouholah Keshavarz a‚ Kioomars Soleimani a‚ Ali Shakibamehr a‚ Mohammad Mohammad Taheri a‚ Shojaat Dashti Pour a‚ Nader Mosavari a‚* a Razi Vaccine & Serum Research Institute‚ Karaj‚ Iran b Medical Microbiology Department‚ Medical School‚ Aberdeen University‚ Aberdeen‚ Scotland‚ UK c Iranian
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