1.Discuss short run‚ long run‚ and very long run analysis in macroeconomics Macroeconomics consists of three realms: short run‚ long run‚ and the very long run. These are ways in which an analysis of the economy can be conducted with respect to time. Until today‚ the different types of national government policies are made based on these models of analysis. short run graph In the short run‚ firms cannot change the prices because there is a lack of time for the price to manifest in the market
Free Gross domestic product Economics Macroeconomics
Sustainable development is the use of natural resources and natural systems Without finishing them on earth. Sustainable development is a way for people to use resources without the resources running out. The term used by theBrundtland Commission defined it as development with sustainability that "meets the needs of the present without compromising the ability of future generations to meet their own needs."[1] Everyone wants a better place to live. Some people want better homes and housing‚ while
Premium Sustainability Sustainable development Biodiversity
* Question 1 4 out of 4 points | | | M2 consists ofAnswer | | | | | Selected Answer: | M1 plus amounts in savings accounts‚ money-market mutual funds (held by individuals)‚ and small time deposits (under $100‚000). | Correct Answer: | M1 plus amounts in savings accounts‚ money-market mutual funds (held by individuals)‚ and small time deposits (under $100‚000). | | | | | * Question 2 0 out of 4 points | | | A mechanism by which a short-term loan is made‚ allowing
Premium Inflation Monetary policy
Introduction For this assignment‚ General Motors is the automobile company that will be reviewed and researched in detail. In the year 1908 William Durant‚ who was already known as a leader in this industry for horse drawn vehicles‚ founded General Motors. "At its inception GM held only the Buick Motor Company‚ but in a matter of years would acquire more than 20 companies including Oldsmobile‚ Cadillac‚ and Oakland‚ today known as Pontiac" (General Motors‚ 2012). In this paper GM ’s income statement
Premium Marginal cost Variable cost Costs
[pic] UNIT OF STUDY GUIDE VICTORIA UNIVERSITY FACULTY OF BUSINESS & LAW‚ SCHOOL OF HOSPITALITY‚ TOURISM & MARKETING |YEAR/SEMESTER | |2012 Semester 2 | |UNIT TITLE | |Consumer Behaviour | |UNIT CODE | |BHO2434
Premium Marketing
Trade World Organisation (WTO) is the only global international organisation dealing with the rules between nations . The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on 1 January 1995 under the Marrakech The Agreement‚ replacing the General Agreement on Tariffs and Trade (GATT)‚ which commenced in 1948. The organization deals with regulation of trade between participating countries by providing
Premium World Trade Organization International trade
Perfect competition Learning outcomes You should be able to: Describe the assumed characteristics of perfect competition: a large number of firms; a homogeneous product‚ freedom of entry and exit (no barriers to entry or exit); perfect information and perfect resource mobility (factors of production can move easily in and out of the market) Explain‚ using a diagram‚ the shape of the perfectly competitive firm’s average revenue and marginal revenue curves‚ indicating that the assumptions of perfect
Premium Microeconomics Economics Perfect competition
Weekly Activity Plan Week of: Theme: Birds Concepts to be Taught Related to Theme: Birds lay eggs. Only birds have feathers. Birds sing pretty songs. There are lots of different kinds of birds. Vocabulary Words to Reinforce: Bird‚ Nest‚ Egg‚ Feather‚ Beak‚ Claw‚ Wing‚ Fly Monday Tuesday Wednesday Thursday Friday Group Time Discussion► We will talk about birds and show different pictures of birds. Then encourage the children to share their experiences of seeing birds. Ask
Premium Bird
Summary of Weekly Petroleum Data for the Week Ending April 25‚ 2014 U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending April 25‚ 2014‚ 26‚000 barrels per day less than the previous week’s average. Refineries operated at 91.0% of their operable capacity last week. Gasoline production decreased last week‚ averaging over 8.6 million barrels per day. Distillate fuel production decreased last week‚ averaging over 4.9 million barrels per day. U.S. crude oil
Premium Petroleum Oil refinery Gasoline
Treatment of Consolidated Environmental Accounting The business activities of companies and other organizations in the modern socio-economic system have expanded in scale‚ diversified‚ and become globalized to a degree not experienced previously. A great number of companies have been established corresponding to each purpose‚ and group management is practiced. In a group management system‚ the independent decision-making ability of group companies is limited. At the same time‚ the primary objective
Premium Cost Costs Cost accounting