similar‚ similar b. elastic‚ lower c. elastic‚ higher d. inelastic‚ lower e. inelastic‚ higher ANS: E 供需彈性 4. The fact that the fourth plate from the “All You Can Eat Country Buffet” generated more satisfaction than the fifth plate is an example of a. increasing marginal utility. b. diminishing marginal utility. c. diminishing total utility. d. the “paradox of value.” e. none of the above ANS: B 消費者選擇 5. When the wage rate increases from $5.00 to $7.50 per hour‚ Bob works more hours
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manufacturer want to maximise his production / output and minimise his cost.every seller minimises his profit and so on ... But rationally and maximisation principles are based on the further assumption of perfect knowledge. Every rational consumer ‚ for example knows the different possible alternatives open to him and will choose that alternatives that promises maximum satisfaction. However‚ rationality is conditioned and influenced by habits and social customs. Habits are acquired over a number of years
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WEEK 1 GEN Adverse reactions for drugs occur because: No drug has only one receptor it binds to. A drug that occupies and "turns on" a receptor is an: agonist Before marketing a new drug‚ the drug company asks the FDA to approve its choice of: trade name The time between when a drug response is observable and when there is no longer an observable drug effect is called the duration of action This term refers to how much of a drug must be given to see a desired response potency
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programme‚ economic development‚ health‚ education‚ social development‚ and human rights & legal services programme. In order to empower the poor‚ it is essential to promote integrated process that include microfinance‚ health‚ and education. For example‚ BRAC education programme‚ which aims at preparing the future generation‚ reaches out to 1.15million children and has already 3.8million graduates. The cost of this programme per child is a mere US$18‚ which is much less than an adult in developed
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Misuses of Language (Linguistic Misuses) 1. Ambiguity – a term/sentence has 2 or more diff reasonable meanings a. Lexical詞匯Ambiguity e.g. I don’t like love games b. Syntactic Ambiguity e.g. The CE wants ICAC to help corrupt officers 2. Shift/distortion of meaning – original meaning is shifted from 1 sense to another or distorted inappropriately e.g. stricter discipline doesn’t mean to torture children; when was you the richest? 3. Incomplete meaning – A sentence may be grammatically correct but
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Off balance sheet financing is financing from sources other than debt or equity offerings‚ such as joint ventures‚ research and development partnership and operating leases. For complex institutions such as banks‚ they increase their use of off shore subsidiaries and swap transactions to avoid disclosing liabilities. In other words‚ off balance sheet accounting is a process which a business creates what is practically a debt that it must pay off‚ but the debt is accounted as another type of transaction
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Geographical Features - Venezuela has seven physical geographic regions; The Andes Mountains‚ which include the highest peaks in the country‚ extend northward into Venezuela in two branches divided by the Lake Maracaibo Lowlands. Pico Bolivar is the highest point of the Venezuelan Andes at 16‚427 feet and it is located in the eastern branch‚ the Cordillera de Merida The Sierra de Perija‚ the western branch‚ extends along the border with Colombia. The lowlands of Lake Maracaibo are overlooked by the
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Profit and loss accounts and balance sheet By law companies are expected to produce financial statements each year. These statements appear in Company Reports. There are two main financial statements: 1. The profit and loss account‚ and 2. The balance sheet. 1.The profit and loss (P&L) account. This account can be updated regularly and shows how much profit or loss a business is making. A profit can be made in several ways‚ for example: * from trading‚ in the case of a High Street shop
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Cyber Stalking Stalking: series of actions that would cause a person to fear death or injury Spam (Bulk email marketing) Internet version of junk mail Where do they get email addys? - legitimate companies - Newsgroup Extractors - Websites Extractors Avoiding Spam - Use phoney address - Use anonymous remailer - Use “AT” in your email address instead of @. Internet Fraud / Identity Theft Credit Card Fraud: The unauthorized use of credit cards to obtain money or property Common ways
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NB: when discussing globalisation some sources discuss remote events such as setting up of East India Company. As term ‘developing countries’ is used students should focus on modern post-colonial era – probably shouldn’t go further back than 1960s |Advantages |Disadvantages | |Multinational companies (MNCs) have more opportunities for Foreign |MNCs tend to use cheap labour – many jobs
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