Our Economy Glossary: Appreciation: An upward movement of the Australia dollar (or any currency) against another currency. Balance of trade: The difference between the value of a nations imports and the value of its exports. Business cycle: The cyclical fluctuations in the level of economic activity that an economy goes through over time. Comparison rate: Loan interest rates calculated after adding fees and charges to the lender’s advertised rate. Consumer Price Index: (CPI)
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Chapter 09 The Capital Asset Pricing Model Multiple Choice Questions 1. In the context of the Capital Asset Pricing Model (CAPM) the relevant measure of risk is A. unique risk. B. beta. C. standard deviation of returns. D. variance of returns. E. none of the above. Once‚ a portfolio is diversified‚ the only risk remaining is systematic risk‚ which is measured by beta. Difficulty: Easy 3. In the context of the Capital Asset Pricing Model (CAPM) the relevant risk is
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achieve them‚ he is‚ by definition‚ motivated. What teachers really mean is that students are not motivated to behave in the way teachers would like them to behave. The second misconception is that one person can directly motivate another. This view is inaccurate because motivation comes from within a person. What you can do‚ with the help of the various motivation theories discussed in this chapter‚ is create the circumstances that influence students to do what you want them to do. Many factors determine
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Table of Contents Introduction1 Background information of Macau Pataca1 The prospective of RMB3 The prospective of HKD4 The analysis of whether Macau MOP should shift currency peg form HKD to RMB 6 1.1.1 From Macau Pataca should peg with RMB point of view6 1.1.2 From Macau Pataca should peg with HKD point of view 7 Conclusion8 Reference9 1. Introduction There are many reasons to celebrate Macau’s economic growth which enabled Macau push up the exchange
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After King Georges war and French and Indian war‚ Britain became a superpower. Has defeated French and Spanish and in return received the largest portion of North American colonies‚ but also had the largest amount of debt after these wars. Because of the debt that was accumulated‚ Britain had since started to control the colonies overseas‚ and imposed several economic acts on the colonies. Great Britain and her North American colonies were economic in origin rather than rooted in political and social
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Transportation Costs and International Trade Over Time David Hummels David Hummels is Associate Professor of Economics‚ Purdue University‚ West Lafayette‚ Indiana. His e-mail address is <hummelsd@purdue.edu>. Abstract: While the precise causes of post-war trade growth are not well understood‚ declines in transport costs top the lists of usual suspects. However‚ there is remarkably little systematic evidence documenting the decline. This paper brings to bear an eclectic mix of data in order
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What is a Token Economy? Since the beginning of human history there has been some form of token economy in place. From the use of giving food to giving coins or currency to those who perform a task for someone. Money is the most common current form of a token economy used in everyday life. Individuals get paid in money for completing a project or simple tasks by someone else. People are taught at a very early age how to earn money or rewards. According to Rodriguez‚ Montesinos‚ & Preciado
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BLITZKRIEG (LIGHTNING WAR) In the first phase of World War II in Europe‚ Germany sought to avoid a long war. Germany’s strategy was to defeat its opponents in a series of short campaigns. Germany quickly overran much of Europe and was victorious for more than two years by relying on a new military tactic called the "Blitzkrieg" (lightning war). Blitzkrieg tactics required the concentration of offensive weapons (such as tanks‚ planes‚ and artillery) along a narrow front. These forces would
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markets 3. IMPORT QUOTAS – is a direct restriction on the quantity of some good that may be imported into a country. Tariff rate quotas - are a hybrid of a quota and a tariff where a lower tariff is applied to imports within the quota than to those over the quota. 4. VOLUNTARY EXPORT RESTRAINTS - are quotas on trade imposed by the exporting country‚ typically at the request of the importing country’s government. Quota rent - is the extra profit that producers make when supply is artificially limited
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Eating customs & traditions in Great Britain The usual meals in Great Britain are breakfast‚ lunch‚ tea and dinner; or in simplier homes‚ breakfast‚ dinner‚ tea and supper. Breakfast is generally a bigger meal than you can have it on the Continent‚ though some English people like a “continental” breakfast of rolls and butter and coffee. But the usual breakfast is porridge or “Corn Flakes” with milk or cream and sugar‚ becon and eggs‚ marmalade with butter toast‚ and tea or coffee. For a change
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