disappear within the next few decades unless drastic measures are taken. Other forests and regions are in danger too. Although in some places tourism growth has threatened wildlife‚ in most cases it inspires many to conserve it. 2. Definition of eco-tourism Ecotourism is travelling to natural places that are vulnerable and the tourists are required to act responsibly in order to minimize the negative aspects of tourism on the environment and enhance the cultural integrity of the local people.
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Question 1: Assume that Econoland produces haircuts and shirts with inputs of labor. Econoland has 1000 hours of labor available. A haircut requires ½ hour of labor‚ while a shirt requires 5 hours of labor. Construct Econolands PPF. Answer 1: To construct Econolands Production Possibility Frontier (PPF) we first need to understand what is a PPF. A production possibilities frontier (PPF) is a graph showing the different quantities of two goods that an economy can efficiently produce with limited
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Running head: FOREIGN EXCHANGE RATES AND THE ROLE IT PLAYS Foreign Exchange Rates and the Role It Plays Thomas Edison State College International Management MAN-372-OL009 What is the Foreign Exchange Market? The foreign exchange market is a market for converting the currency of one country into that of another country. It is based on an exchange rate which is simply the rate at which one currency is converted into another. Without the foreign exchange market‚ international trade and international
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Data Exercise One ECON 201: Principles of Macroeconomics September 5‚ 2014 To live in an economy that is not negatively impacted by recession‚ downsizing‚ or business capsizing would be ideal. The unfortunate reality is that we are faced with economic situations that will be either helpful or hurtful to us all. Over the last few quarters between 2013 and 2014 the U.S. Bureau of Economic Analysis (BEA)‚ conducted an analysis that reflects the changes in GDP. During this time the Nominal GDP
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Questions in macroeconomics Instructor: MA. Bui Huy Khoi Chapter 1 What is economics? Top of Form [pic] Question 1 Resources in an economy: a) Are always fixed b) Can never decrease c) Always increase over time d) Are limited at any moment in time [pic] Question 2 Human wants are: a) Always fixed ) Limited c) Unlimited d) Likely to decrease over time [pic] Question 3 The sacrifice involved when you choose
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Course name: Macroeconomics FINAL 1. The two large macroeconomies I selected are China and the United States. 2a. GDP and GDP growth rate Found on http://www.tradingeconomics.com/Economics/Interest-Rate.aspx?Symbol=CNY China U.S. GDP per capita 2000- 949 34606 2001- 1021 34518 2002- 1106 34747 2003- 1209 35318 2004- 1323 36272 2005- 1452 37050 2006- 1612 37757 2007- 1811 38138 2008- 1963 38206 2009- NA NA China U.S. GDP growth rate (avg) 2000- 7.68 4.15
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Supply and Demand Economists believe they understand and can predict within a certain degree the outcome of general micro and macroeconomic phenomena. Microeconomics is the study of individual choice‚ and how that choice is influenced by economic forces (Colander‚ 2010). Macroeconomics is the study of the economy as a whole (Colander‚ 2010). As much as the regular person would like to ignore these same principles and simply live their lives they will be subjected to the harsh reality of economics
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Macroeconomics I Spring 2012 Homework 5 Instructor: Dang Vu‚ Ph.D. Student name: Student ID: Due date: 04/26/12 Part I: Multiple Choice Questions: (60 points) Choose the best answer (1) among the choices for each question. Please make sure you understand the economics behind all answers rather than just copying your friend’s answers! I will ask you to explain your answer in class. Failure to explain your answer even though you did it right in your homework will lead to deduction of
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word count: 4106 Introduction...............................................................................................................................2 Social accounting as a concept.................................................................................................2 `Social accounting` definition The development of the concept The reasons of producing such reports nowadays Principles of good social accounts Global standards for social and environmental reports Critical
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1. Analyse and explain the principles of eco-architecture in the urban living built-up environment. With reference to at least 4 examples‚ describe the application of environmentally conscious architecture that has been successfully implemented in Singapore. In light of unprecedented growth and rapid urbanisation in Singapore‚ it has become a great challenge to ensure that economic growth does not come at a high environmental price. In order to continue pursuing long term economy growth and environmental
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