C h a p t e r 2 Topic: Production Possibilities Frontier Skill: Recognition Production Possibilities and Opportunity Cost 4) The production possibilities frontier is A) upward sloping and reflects unlimited choices. B) upward sloping and reflects tradeoffs in choices. C) downward sloping and reflects unlimited choices. D) downward sloping and reflects tradeoffs in choices. Topic: Production Possibilities Frontier Skill: Recognition 1) The production possibilities frontier
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1.Measurement of national income: GDP and three methods of its calculation. GDP – is the value of output produces within the country over a 1-year period. 1. The first method of measuring GDP is to add up the value of all the goods and services produced in the country‚ industry by industry. In other words‚ we focus on firms and add up all their production. This first method is known as the product method. GVA over a year. Exclude taxes on products VAT‚ includes subsidies. (intermediate consumption)
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essays for a total of 30 points. Essays that are offered within the chapters are italicized‚ related to the textbook‚ worth 6 points‚ and should be ½ page in length. All other questions are worth 2 points each for a total of 70 points. The entire exam is worth 100 points. Required Essays: 3 at 10 pts each Prepare a minimum one page essay for each of the following For the Common Good core competencies: Diagnose Situation‚ Manage Self and Energize Others. We have been working through the
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There are advantages of tuition classes such as help for students who really need help with their studies or where the school teacher falls short. There are tuition classes that focus on exam preparation for university entrance exams which is beneficial and is necessary. There are however far more disadvantages to tuition classes if it is not used properly. Firstly‚ tuition takes time and students have little time left after school and homework. And when parents put the student through further tuition
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The economic disadvantages of the Tourism industry: The Bahamas should diversify its economy! Successfully operating a business in an ever changing world requires vision on the part of the entrepreneur; this means being able to predict future trends and prepare the company for forecasted changes in the economic system. In truth‚ commanding a country is no different than that of a business as it too should be able to adapt to global changes in the economy. Machiavelli‚ the esteemed
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First Midterm Examination The first midterm exam‚ which counts for 20% of your course grade‚ will be on Thursday‚ October 2‚ in class. Blue books are not necessary; there is no need to bring a blue book to class on exam day. You will be asked to complete the exam on the bubble sheet (provided) and on the exam. This is a closed book exam – consultation of notes and books is not permitted during the exam. You are responsible on this exam both for material presented in class lectures and
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Advantages and Disadvantages of Computer: Almost every home‚ office‚ or school has a computer of some kind these days. It may seems at first that having a computer brings only benefits‚ but further consideration shows that it also has disadvantages. First of all computers are very useful at school. It helps students to revise for tests or exams and makes subjects more interesting. Pupils can also learn new vocabulary and grammatical structures. Furthermore it allows students to become familiar
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Just as everything and every institution require a set of I rules‚ traffic also needs rules in order to remain orderly I and disciplined. The question that next arises in our minds is that‚ what is the necessity of rules? It is necessary to have rules everywhere in order to make the functioning smooth and efficient. If there were to be no rules then‚ it would be a picture of total chaos and confusion. Rules regulate the work and help it move along the desired path. Thus‚ in order to have a smooth
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Please answer the following questions: a. What is the business problem/challenge that Marriott is faced with? - 10 marks b. Analyze and discuss Figure A in the case study. What is your assessment of Mr. Cohrs’ assertion that profitability decreases for increases in Marriott’s hurdle rate? – 10 marks c. What are the costs of capital for the three different divisions (lodging‚ contract services‚ and related business)? Calculate the WACC for each and clearly describe your assumptions
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Argula Harish 300714275 1.Name two concerns stated in the article which different faith groups have about agricultural biotechnology. Ans: Few religious groups like Catholics and Muslims have some problems with modifying the original genome structure of specific organism. These two religions feel using biotechnology and altering the genome is modifying the God’s creation and it is considered as “playing with
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