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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Remembered event essay May 20th‚ 2013 was the day that I will remember for the rest of my life. It was just like a regular school day with a sunny weather and a brief vibe from the morning breeze. As I got out of my car in parking lot 30‚ I realized that it was a horrible decision to stay up so late last night. I felt so tired and regretful for my decision. After sips and sips of my coffee from Starbucks‚ I felt more energized‚ and all of a sudden the dark cloud just automatically cleared out of
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Predictable and unpredictable life event In this we are asked to focus on events and how they influence the way we develop. We have also been asked to write about two predictable and two unpredictable life events. Predictable Parenthood: Parenthood can be predictable if you plan it and unpredictable if you don’t plan it. Physically as a parent you can become tired and stressed. This can happen because you are always running around after your child. You can be stressed if your child is
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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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1. An article in Marketing News argued that the level of significance used when comparing two products is often too low – that is‚ sometimes you should be using an α value greater than 0.05. Specifically‚ the article recounted testing the proportion of potential customers with a preference for product 1 over product 2. The null hypothesis was that the population proportion of potential customers preferring product 1 was 0.50 and the alternative hypothesis was that it was not equal to 0.50. the p-value
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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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A risk is an event or condition that‚ if it occurs‚ could have a positive or negative effect on a project’s objectives. Risk Management is the process of identifying‚ assessing‚ responding to‚ monitoring‚ and reporting risks. This Risk Management Plan defines how risks associated with the DLIS project will be identified‚ analyzed‚ and managed. It outlines how risk management activities will be performed‚ recorded‚ and monitored throughout the lifecycle of the project and provides templates and practices
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Theme/Region Specific Evidence from the Article That summarizes KEY FACTS and supports my analysis of theme Analysis of why the event is important and the possible outcome Social Inequalities (Deals with the massive amount of the death penalty within China‚ and how it decreased in the former years.) East Asia China is known as the World’s Chief Executioner. Last year alone‚ 3‚000 people we executed in China‚ quadruple the amount of the world executions together. Xiao Yang‚ President of
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Three events that impacted my life was a lifelong dream of wanting to attend college‚ my supervisor encouragement and accomplishment and having my last child which have medical issue other children don’t normally have. College was not a way of life for my family. Therefore‚ my dream was to be the first person in my family to attend and complete college. There were so many people around me attending school and juggling their life. In taking the time to stand back and watch‚ it deterred me to want
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