Part 2. Total 50 marks ( 10 marks each). 1. Explain why you would be more or less willing to buy gold under the following circumstances: a. Gold again becomes acceptable as a medium of exchange. (2 marks) b. Prices in the gold market become more volatile. (2 marks) c. You expect inflation to rise‚ and gold prices tend to move with the aggregate price level. (3 marks) d. You expect interest rates to rise. (3 marks) Outline of solutions: (a) More‚ because it has become more liquid;
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Here are my musings for chapter 3.This chapter consists of applications – some of which are complex – of the labour supply model to social insurance programs. The central theme of this chapter is the central trade-off that any social insurance program faces between the goal of alleviating economic hardship for those who suffer income losses on one hand and the goal of maintaining reasonably strong incentives to work. In a nutshell‚ these very important programs – which are considered to
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The Differences Between Macro & Micro Economics . Microeconomics • Microeconomics studies business decisions made on an individual level. A small business owner‚ for example‚ must consider all sorts of financial decisions in order to keep a business afloat and operating‚ such as the allocation of resources‚ and must follow the tax and state regulations created by the government. Price levels must also be determined with the help of supply and demand. A business owner must thus need to know how
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Long-Term Investment Decisions EC0-550 June 20‚ 2014 Royersford Knitting Mills‚ Ltd.‚ sells a line of women’s knit underwear. The firm now sells about 20‚000 pairs a year at a average price of $10 each. Fixed cost amount to $60‚000‚ and total variable cost equal $120‚000. The production department has estimated that a 10 percent increase in output would not affect fixed cost but would reduce average variable cost by 40 cents. The marketing department advocates a price reduction of 5 percent
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Question: Test anxiety is a problem for many students; you have been finding solution. Write an essay of approximately 500 words that contains a definition of test anxiety and explain why it is a problem. And then describe the solutions you recommend. For easy understanding‚ test anxiety can be simply described as a condition in which the person goes through disturbing uneasiness in the period before‚ during and even after a test‚ both emotionally and physically. From another perspective‚ psychologists
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What are the uses of money? How do commercial banks and Federal banks create money? Is monetary policy conducted independently in the United States? Explain your answer. Is it important for monetary policy to remain independent from all parties? Why or why not? What are the uses of money? In history‚ many things have been used as money (barter items)‚ such as salt‚ cattle‚ pigs‚ goats‚ tobacco‚ gold‚ iron‚ etc. An item serves as money when everyone is willing to take it in exchange. Everyone
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ECO/365 Final Examination Study Guide This study guide prepares you for the Final Examination you complete in the last week of the course. It contains practice questions‚ which are related to each week’s objectives. Highlight the correct response‚ and then refer to the answer key at the end of this Study Guide to check your answers. Use each week’s questions as a self-test at the start of a new week to reflect on the previous week’s concepts. When you come across concepts that you are unfamiliar
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Hardness Tests and Charpy Impact Test Objectives: 1) To compare the hardness between mild steel‚ carbon steel through Vickers Hardness Test. 2) To compare the hardness between High Quality Carbon Steel and ASSAB steel through Rockwell Hardness Test. 3) To compare the hardness between carbon steel and mild steel through Brinell Hardness Test. 4) To study the differences between mild steel and carbon steel upon Charpy Impact Test. Introduction: Hardness is a measure of the resistance
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1. What type of vocal music is this? Student Response Value Correct Answer Feedback 1. Gregorian chant 2. motet 3. recitative 100% 4. madrigal 5. organum Score: 1.92/1.92 2. What is the texture of this music? Student Response Value Correct Answer Feedback 1. homophonic 100% 2. polyphonic 3. monophonic Score: 1.92/1.92 3. Which example is a recitative? Student Response Value Correct Answer Feedback 1. the second example 2. the first example
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TITLE Hardness Tests And Charpy Impact Test OBJECTIVE 1. To compare the hardness of the carbon steel‚ mild steel and ASSAB steel using three different hardness tests‚ which are Vickers Hardness Test‚ Rockwell Hardness Test and Brinell Hardness Test. 2. To study the hardness of mild steel‚ carbon steel and ASSAB which is an important in engineering to design structures or components that related in mechanical properties 3. To determine the resistance of carbon steel and mild steel
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