BEC 1034 MICROECONOMICS TUTORIAL 1 (Chapter 1: Ten Principles of Economics) 1. The phenomenon of scarcity stems from the fact that a. most economies’ production methods are not very good. b. in most economies‚ wealthy people consume disproportionate quantities of goods and services. c. governments restricts production of too many goods and services. d. resources are limited. 2. "There is no such thing as a free lunch‚" is used to illustrate the principle that a. goods are scarce. b. people face
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Economic Development - Changes in income‚ savings and investment along with progressive changes in socio-economic structure of country Economic Growth - Economic growth refers to an increase in the real output of goods and services in the country Globalisation refers to the integration between different countries and economies to operate as a single eco entity Can achieve eco growth by eco development How to achieve eco dev? Trade Patterns - What goods and services a country trades‚ with whom
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The Great Gatsby: Fact or Fiction? Everybody wants to be successful‚ and to make money. Every child grows up wanting to have their name in lights or to live in a huge mansion in the heart of New York. No person grows up wanting to do small things with their life‚ it’s within our human nature to want more than we can get. To make more money than we know what to do with‚ to have a house that is too big for us to live in. But for the vast majority of us‚ as we grow up reality sets in and from our parents
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cretaceous and Eocene deposits. One of the early geologic works was carried out by Ball and Beadnell (1903). They produce a topographical- geological map of the oasis and discuss the stratigraphy of the rock exposed. They distinguished three topographic features; the bounding escarpments; the conical hills within the depression and the oasis floor. They notice that the southern scarp is steeper than the northern scarp. The eastern scarp has smooth outline except the area of Gebel El-Harra and the Legalit
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Main features of the Incoterms® 2010 rules 1 Two new Incoterms rules – DAT and DAP – have replaced the Incoterms 2000 rules DAF‚ DES‚ DEQ and DDU The number of Incoterms® rules has been reduced from 13 to 11. This has been achieved by substituting two new rules that may be used irrespective of the agreed mode of transport – DAT‚ Delivered at Terminal‚ and DAP‚ Delivered at Place – for the Incoterms® 2000 rules DAF‚ DES‚ DEQ and DDU. Under both new rules‚ delivery occurs at a named destination:
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InterContinental hotels A large company such as InterContinental Hotels Group is interested in finding out more about the factors that influence people buying hotel weekend breaks. Relating your answer to this example‚ review the different personal‚ psychological and social influences that might impact on someone seeking to make this kind of purchase. Review questions: 1) Name the types of buying behavior consumers use. List some products that you have bought using each type of behavior. 2)
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Herzberg Frederick Herzberg (1923-) had close links with Maslow and believed in a two-factor theory of motivation. He argued that there were certain factors that a business could introduce that would directly motivate employees to work harder (Motivators). However there were also factors that would de-motivate an employee if not present but would not in themselves actually motivate employees to work harder. McGregor McGregor’s X-Y theory is a salutary and simple reminder of the natural rules for
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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
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Question 1: Discuss the following questions. Shareholders elect a board of directors to elect (i.e.‚ hire)‚ direct‚ and monitor the top executives of the firm‚ with the intent of having the firm managed in a way that is beneficial to the shareholders. Why is it then that we sometimes see unfortunate examples of executives bilking investors (e.g.‚ Enron‚ Worldcom‚ Tyco‚ and Adelphia)? Do changes need to be made in the way that shareholders control the firm’s top executives? Shareholders have the
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Do you enjoy drinking a warm cup of coffee in the morning? You probably do‚ just like many other people. I’m not much of a coffee drinker myself. I prefer tea. Although for those of you who love drinking coffee on a regular basis‚ you probably would prefer drinking fair trade coffee‚ especially as it ensures fair working conditions and wages for coffee farmers from developing countries. Here are 10 major fair trade coffee labels‚ as well as a description of each. Many of them are organic coffees
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