Introduction The first two articles shows the demand and supply issues of cooking oil. Government has increased supply of cooking oil by 10% in order to meet demand during Ramadan. There would be enough quantity of cooking oil available during the fasting month to make sure cooking oil is sufficient to meet demand during festive season. The demand for the necessities usually increases due to the needs of entrepreneurs to make festive cookies and so on. Besides‚ another government strategy to overcome
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ECON 1001 – INTRODUCTION TO MICROECONOMICS COURSE OUTLINE 1. Is economics a Science? Discuss 2. Sketch the following graphs: (a) y = x (b) Y= 3x + 1 (c) Y= 10 – 3X (d) Y = 3 3. Identify the 2 curves in question 2 which are positively sloped. Explain. (b) Identify which curve in question 2 is negatively sloped. Explain. (c) Identify which curve in question 2 has zero slope. Explain. 4. What does ceteris paribus mean? Why is the concept useful to economists? 5. Why does the distinction
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Microeconomics Study chapter 1 The nature and method of economics: * Economics is concerned with the efficient use of limited productive resources for the purpose of attaining the maximum satisfaction of our material wants. The study of economics is important because; * Constitutes the basis of much government economic policy or shapes the design and impact of this policy. * Informs those involved with the design of economic policy and the analysis of its impact. * Improves
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International businesses have a number of significant factors that are crucial to take into account when intending to internationalise into an emerging or developing country. Macro environmental factors include the legal and political environment‚ cultural views and the economic differences of a country (Kozlinkis & Guseva 2006‚ p. 111). The macro environment can be defined as the main external and irrepressible factors that affect a business or an organisations decision-making‚ also affecting
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1. The Bureau of Labor Statistics announced that in April 2010‚ of all adult Americans‚ 139‚455‚000 were employed‚ 15‚260‚000 were unemployed‚ and 82‚614‚000 were not in the labor force. Use this information to calculate: a. the adult population = employed+unemployed+not in the labor force=237329000 b. the labor force = employed+unemployed=154715000 c. the labor-force participation rate = (labor force/adult population) x 100= 65.2% d. the unemployment rate = (unemployed/labor force) x 100=
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1.3 Legislation in Employment Why legislation to employment exists: * To protect the rights of the employers and employees by providing rules and regulations that must be followed. * For advice on your contract. * Health and safety rights regarding; Wages‚ holiday rights‚ sick pay etc. * To protect people of different race‚ religion‚ sexuality or gender. * To stop exploitation of workers by their employers‚ e.g. minimum wage‚ safety policies‚ redundancy payments‚ etc. * To
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Questions: 1. Taking your information from Katherine Benton-Cohen’s book‚ Borderline Americans‚ write an essay on how the term “American” became synonymous with “white” in Cochise County during the late 19th and early 20th centuries. Start by discussing the nature of relations between Mexicans and whites in the different sections of the county during the 19th century. How did relations change over time and what factors led to those changes? In answering these questions‚ you
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Alex Speed 8th January 2015 Award in Education and Teaching Understanding Roles‚ Responsibilities and Relationships in Teaching and Education In this assignment I am going to explain how to understand the roles‚ responsibilities and relationships in teaching and education and how they relate to the teaching cycle and the theories of learning. 1.1 Explain the Teaching role and responsibilities in Education and Training The roles and responsibilities of a teacher will differ during the
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This pack of ACC 201 consists: Week 1 Chapter 1 and 2 Practice Exercises.doc Week 1 Memo to Blair.doc Week 2 Assignment FASB Paper.doc Week 2 Chapter 3 Problems.doc Week 2 Chapter 4 Problems.doc Week 2 Chapter 4 Problems.doc Week 2 DQ1 Fraud.doc Week 2 DQ2 Debit Credit.doc Week 3 Assignment GAAP Ethics.doc Week 3 Chapter 5 Problems.doc Week 3 Chapter 6 Problems.doc Week 3 DQ1 Credit Sales and Collections
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Econ3101 - Section 006 Intermediate Microeconomics Xavier Vinyals-Mirabent Due: Wednesday‚ February 1st‚ 2012. Solutions to Homework 1. 1 1. A consumer has preferences for two goods. Her preferences satisfy Axioms 1 through 4 as discussed in class. A v D v 10 E v 5 C v B v 0 0 5 (a) Plot and label the following bundles: A (2‚10) B (6‚2) C (0‚4) D (8‚10) E (4‚6) (b) Assume A is indifferent to B (A ∼ B). On a single line‚ list all the bundles in descending order of preference
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