PROBLEMS AND POLICIES 28 MODULE 3: GROWTH‚ SUSTAINABLE DEVELOPMENT AND GLOBAL RELATIONS 36 OUTLINE OF ASSESSMENT 44 REGULATIONS FOR PRIVATE CANDIDATES 55 REGULATIONS FOR RESIT CANDIDATES 56 ASSESSMENT GRID 57 RESOURCES 58 GLOSSARY 59 T T he Caribbean Advanced Proficiency Examinations (CAPE) are designed to provide certification of the academic‚ vocational and technical achievement of students in the Caribbean who‚ having completed a minimum
Premium Economics Supply and demand
Learning activity 2 ch 3-U2 1. When do we consider two commodities to be complements or substitutes? It is considered both products and services as a substitute or complementary when the price of goods purchased gets increased to such a level that the consumer purchasing power will be affected less looking for a good price that is similar or lower the purchase quantities where his purchasing power allows. 2. What must be true for a good to be normal and a necessity? To be a normal product
Premium Supply and demand Consumer theory Marketing
Argos and Littlewoods Price Fixing Arrangement 1. The oligopolistic features of the toy market are that there are two dominant retailers that dominate the market. There is a significance of advertising‚ such as them trying to dominant the price of their products. Lastly‚ there are no barriers to entry. These two firms have cost advantages due to the expansion of the company. In a perfectly competitive environment Hasbro‚ Argos‚ and Littlewoods wouldn’t have been able to have a price-fixing agreement
Premium Competition Monopoly
2. List goods‚ or services‚ that compete for your income. Similarly‚ list activities that compete for your time. In deciding what you will spend your income on and how you will allocate your time‚ do you minimize your opportunity costs? Goods or services competing for your income might include rent‚ food‚ heating and travel. Activities competing for your time might include studying‚ work‚ sleep and leisure activities‚ such as the cinema‚ drinking and sport. In assessing whether you minimize
Premium Economics
Leaning against the wind‚ but how? Monetary policy versus macro-prudential measures F Gulcin Ozkan University of York and Filiz Unsal IMF 19 September 2012 () Leaning against the wind‚ but how? Monetary policy versus September 2012 measures 19 macro-prudential 1 / 28 Plan of the talk Motivation - ’ lean versus clean’debate prior to and in the aftermath of the 2008-2009 global …nancial crisis (GFC) An overview of how our basic model works Basic model Simulation Results Welfare analysis
Premium Inflation Elasticity Policy
GEORGIA PERFORMANCE STANDARDS Fundamental Economic Concepts SSEF1 The student will explain why limited productive resources and unlimited wants result in scarcity‚ opportunity costs and trade offs for individuals‚ businesses and governments. Individuals have wants that are‚ for practical purposes‚ unlimited. But the total resources of society‚ including natural resources‚ human resources‚ capital goods and entrepreneurship‚ are limited‚ so that scarcity exists. As a result‚ it isn’t possible
Premium Economics Economic system Planned economy
differentiating between perfect competition and all other types of markets? Answer Selected Answer: whether or not firms are price takers Correct Answer: whether or not firms are price takers Question 7 10 out of 10 points In economic analysis‚ any amount of profit earned above zero is considered "above normal" because Answer Selected Answer: this would indicate that the firm ’s revenue exceeded both its accounting and opportunity cost. Correct Answer: this would indicate
Premium Economics Costs Perfect competition
"Training is a waste of time and money because it does not impact organizational bottom line and employees do not retain training material. Thus‚ when the economy is weak organizations should not spend money and other resources on employees training and development. Outline your arguments for or against this point of view." Introduction Training is one of the business activities that take place in nearly all organizations regardless of their industries. One of the incentives for them to launch
Premium Human resource management Management Organizational studies and human resource management
Definition: In economics‚ production is the act of creating output‚ a good or service which has value and contributes to the utility of individuals.[1] The act may or may not include factors of production other than labor. Any effort directed toward the realization of a desired product or service is a "productive" effort and the performance of such act is production. The relation between the amount of inputs used in production and the resulting amount of output is called the production function
Premium Economics
But subsidies are essential‚ and has always been so to ensure the survival of all persons in Malaysia - especially those from the lower-incomed groups - including the middle class. The plan of removing subsidies - and using the money saved to channel financial assistance directly to the poor is being now thrown around. But alas‚ this really will not work given the rise of ’corruption’ and ’discrimination’ in Malaysia. Even today‚ there are many complaints that the UMNO-led BN government discriminates
Premium Public good Protectionism Malaysia