NATION’S INCOME PART 1: MULTIPLE CHOICES: 1. Macroeconomists study a. decisions of households and firms. b. the interaction of households and firms. c. economy-wide phenomena. d. regulations on firms and unions. 2. Which of the following questions is more likely to be studied by a microeconomist than a macroeconomist? a. Why do prices in general rise by more in some countries than in others? b. Why do wages differ across industries? c. Why do production and income increase
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1. The sociological perspective‚ as a way of thinking about the world‚ includes the sociological imagination from C. Wright Mills‚ the beginner’s mind from Bernard McGrane‚ and the idea of culture shock from anthropology. Explain what all three of these concepts have in common. Response: All three of these concepts have in common are the idea of breaking down social barriers to gain a different perspective on culture people and behaviors. When a person is in a new area where the culture is different
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company’s problems faced were accumulated through interview. Secondary data and relevant information about the company were accumulated from the records of the company such as company’s history‚ management policies‚ compensation and benefits‚ service process‚ facilities and amenities‚ marketing strategies as well as their manual and brochures were gathered from the records of the company. Other secondary
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CH. 1 The world had purposely been split into four kingdoms. The largest kingdom is towards the north and its name is Ardraven‚ it is known as the militarian kingdom. The kingdom to the south is Eroibell‚ it is the kingdom of crops. The eastern kingdom is Taos‚ the kingdom of minerals and mining. The last kingdom is to the west and it is Lagrasia‚ the kingdom of medicine. The four kingdoms created an occurrence that proved that every human being would have a mark. These marks are to come in the form
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In a study of a variety of developed countries‚ the United States had the second highest level of income inequality in the world‚ right behind Chile. Income inequality has always been a problem in the world‚ but especially in the United States. There is frequent debate on whether a person is getting a high enough salary or not. If not‚ the person that is not getting the sufficient funds often resorts back to the argument of their sex‚ race‚ or religion. This leads to worrisome debate throughout
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Area: Business Permit and Licensing Office Size/Dimension of Area: 181.5 sQm. Location: Municipal City Hall of Bacoor‚ Cavite City (Ground Floor) Area Description: As the name implies‚ this is a place where in Business permits and licenses are dutifully processed. It is located at the ground floor level of the Municipal Hall because it is one of the most visited – therefore‚ one of the busiest – offices in the building‚ hence‚ it was strategically placed on the Ground floor for easy access
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Describe the balance scorecard approach to performance measurement. The Balanced Scorecard is a framework firms can use to verify that they have established strategic and financial controls to assess their performance. This technique is most appropriate for use when dealing with business-level strategies. Many firms jeopardized their future performance by overemphasizing on financial controls rather than strategic controls. Thus‚ the balanced scorecard should be use to balance these two areas
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Chapter 23 Measuring a Nation’s Income TRUE/FALSE 1. In years of economic contraction‚ firms throughout the economy increase their production of goods and services‚ employment rises‚ and jobs are easy to find. ANS: F DIF: 1 REF: 23-0 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Economic expansion MSC: Definitional 2. Macroeconomic statistics include GDP‚ the inflation rate‚ the unemployment rate‚ retail sales‚ and the trade deficit. ANS: T DIF: 1 REF:
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CHAPTER 1 Overview of Current Account Balance * Introduction: The current account is the difference between exports of goods and services and imports of goods and services. If we denote the current account balance by CA‚ we can express this definition in symbol as CA = EX – IM The current account balance is one of two major measures of the nature of a country’s foreign trade (the other being the net capital outflow. A current account surplus increases a country’s net foreign assets by the
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CHAPTER-I FINANCIAL STATEMENTS LEARNING OBJECTIVES After studying this chapter‚ you will be able to: • Explain the meaning of financial statements of a company; • Describe the form and content of balance sheet of a company; • Prepare the Balance Sheet of a company as per Schedule VI Part I of the Companies Act 1956. • Know the major headings under which the various assets and liabilities can be shown. • Explain the meaning‚ objectives and limitations of analysis using accounting
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