Introduction: With the interest rates having been cut four times since December 2009‚ by 350 basis points‚ the South African Reserve Bank (SARB) declared that the domestic economy is slowing. Two consecutive quarters of negative growth is evidence that an economy is in recession. The contraction in growth is believed to have been caused by a slump in export demand‚ forcing both manufacturers and miners to cut production. The SARB’s monetary policy committee is in meeting to discuss further rate
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ECO561 Week 3 …FREE…Quiz with Answers… ** I see a lot of views ‚ but no comments : ( Roguephoenix FaceB**K PLEASE COMMENT TO LET ME KNOW THAT THIS IS HELPING MY FELLOW PHOENIX. 1. A purely- or perfectly-competitive firm would be characterized by which of the following? Hint : The different types of firms include pure competition‚ pure monopoly‚ monopolistic competition‚ and oligopoly. A. Large number of firms‚ price taker‚ free entry and exit‚ and standardized product
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Unit 372 1.1 Why is it important to recognise and respect an individual’s heritage? Because peoples heritage is part of their culture. The more you understand about it the more you understand the person and the reason they do some of the things they do. You have a heritage and it is why you were brought up with the beliefs and standards. You want people to respect that‚ so you should give the same respect. It’s also a part of history which has helped us evolve throughout this world. You may
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Learning Team Deliverable Michelle Redd and Russell Rood ECO/561 Economics April 6‚ 2015 Week 3 This week we learned that industries consist of all firms making similar or identical products. Their market structure depends on the number of firms in the industry and the ways in which they compete. Our text discussed four basic market structures. The first market structure is perfect competition. Perfect competition occurs when numerous small firms are in competition with each other. Businesses
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The Distance Formula In week one‚ we learned a simple yet extremely useful math concept‚ the Distance Formula. This formula uses the Pythagorean Theorem to determine the distance between two points on the rectangular coordinate system. Variations of the Pythagorean Theorem such as the Distance Formula can be used in building things or making plans to build something. Scenario Suppose you are volunteering at the local community center. The community center committee is planning to install
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Within the study of the fundamentals of economics must meet two basic concepts of economics these are Microeconomics and Macroeconomics and to get to know these concepts is necessary to know which is the economy and economics is the science that studies human behavior and trade ‚ sales tax‚ receipt of wages‚ credit‚ is the science of the usual business of the above are some definitions that can be found in the economy as such. In this research we can differentiate macroeconomics microeconomics its relationship
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Eco-labelling and Accreditation are effective means of ensuring that tourism organisations adhere to the principles of sustainability? Tourism industry is ‘a consumer of resources’ which ‘represents an insidious form of consumptive activity’ (McKercher 1993 cited in Fyall and Garrod 1997‚ p.51). Governments of different countries are now seeking for different ways to prevent further exhaustion of natural resources that was caused by tourism activities and developments. The Green Globe programme
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Macroeconomic Forecast Outline Macroeconomics is‚ "the part of economics concerned with the economy as a whole; with such major aggregates as the household‚ business‚ and government sectors; and with measures of the total economy" (McConnell & Brue‚ p.13). "Two of the most critical questions in macroeconomics are: (1) What determines the level of GDP‚ given a nation ’s production capacity? (2) What causes real GDP to rise in one period and to fall in another?" (McConnell & Brue‚ p.72). So
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The Max Planck DIET A TWO WEEK DIET FROM THE WEST GERMAN INSTITUTE FOR NUTRITION If this diet is followed (over 14 days) is strictly adhered to (with no changes at all)‚ You will lose 9 kg. Because this diet constitutes a change in your metabolism‚ you should not gain weight for at least 3 years. If you find that some or other food in the diet which you do not eat sorry you will have to eat it‚ because you are not allowed to swap it for something else. You can drink as much black coffee‚ water or
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Introduction----------------------------------------------------------------------------------2 Part one-------------------------------------------------------------------------------------2-3 AD=G+I+X-M--------------------------------------------------------------------------------2-3 Part two--------------------------------------------------------------------------------------4-5 Macroeconomic objective----------------------------------------------------------------4-5 Part three
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