The purchase of a used car 2) Economics is the study of a) the choices everybody makes to attain their goals‚ given their scarce resources. b) supply and demand. c) how to make money in a market economy. d) how to make money in the stock market. 3) The economy is considered to be at full employment when a) all unemployment is voluntary. b) all unemployment is frictional or structural. c) there are no unemployed workers. d) there are more unemployed workers than job vacancies. 4)
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Z QUIZ TOPIC: General knowledge 1. Which part of the Constitution of India starts with –“WE THE PEOPLE OF INDIA”? (a) Directive principals (b) Fundamental Duties (c) Preamble (d) Fundamental rights 2. Which pieces are maximum in number at the start of a chess game? (a) Rook (b) Knight (c) Pawn (d) Bishop 3. What kind of animal is Shera‚ the mascot of the 2010 Delhi Commonwealth
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IE181 Quiz 1 – Model Formulation Formulate the following problems. 1. A trade magazine reports the rated exposure (people/month/peso advertising outlay) for each of five media: TV‚ radio‚ magazines‚ newspapers and outdoor advertising as 22‚ 12‚ 15‚ 10 and 5‚ respectively. The advertising company wants to develop an optimal media mix restricted to the following conditions: a. The total advertising budget is P1 million. b. No more than 50% of the budget is to be expended
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needed to get ahead in such a competitive world. In approximately 1490‚ people all around the world began to explore. Of course‚ there were many reasons why people decided to do so‚ but pilgrimage and commerce were the two main incentives. (Lecture‚ 9/3/14). Europeans began to value crusading‚ but they didn’t yet have the resources to do it consistently. China‚ on the other hand‚ traveled all over the world‚ trying to recruit people to join them in trade and army. They were the biggest producers of
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they can consume. Milk is an ingredient in a lot of foods and there really isn’t a perfect substitute for milk which makes it inelastic. Therefore‚ the price in milk increases will not affect the consumption. Economic growth of New Zealand 3. Exports in New Zealand decrease. New Zealand is quite a key dairy exporter‚ and the vast majority of production is exported. Therefore
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and the reason is to motive a manager and make him or her to act in the interests of the firm’s stockholders depends on the structure of his or her compensation package‚ the threat of dismissal‚ and the threat of takeover by a new group of owner. 3. Yes‚ I would to trigger executive bonuses for that year by requiring professional managers and directors to own a substantial amount of company stock because that will imply long run oriented and dynamic strategies to anticipate change in a risky environment
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market c. economy d. security • 2. A contract in which a borrower promises to compensate the lender in the future is called a financial ________. a. stock b. debt c. investment d. security • 3. A contract that makes the owner of a security a part owner of the company that issued the security is known as a(n) ________ security. a. debt b. equity c. bond d. economic • 4. A payment (or series of payments) made
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1. From the definition of GDP we arrive at the following expression: c + i + g + x-m = y = c + s + t Discuss the three important economic relationships that can be derived from this expression related to the definition of GDP and explain each carefully. The expression above depicts two different ways to come up with real GDP for a country. The left side of the expression explains expenditure side of computing real GDP which can be rewritten as: y = c + i + g +x – m In real terms‚ it could
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As Economics 1. Economics:- 1. The branch of knowledge concerned with the production‚ consumption‚ and transfer of wealth. 2. The condition of a region or group as regards material prosperity. 3. Economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses 2. Adam Smith Smith believed that competition (the belief that everyone should have a fair chance to compete to make‚ sell‚ and buy goods and services) was the key
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quantity is indeterminate. Correct Answer: a. Price will increase‚ quantity is indeterminate (may increase or decrease). Response Feedback: Make sure you draw demand and supply curves and shift them based on information given. • Question 3 1 out of 1 points A Blue Ribbon Committee has decided that the amount of acid rain should be reduced and is trying to determine the optimal level of reduction. There are benefits from reducing acid rain (reduced loss of wildlife and forest‚ better
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