In a capitalist system such as the one in the US‚ everything is controlled by supply and demand. When there is a scarcity of a specific object/service‚ the demand for it is higher. A savvy businessperson will recognize the demand and will offer the product/service. Major chain stores are included in this system; they recognize a demand and try to fill it. As a simplistic example: town A has no pizza store. Mr. B realizes that people would like to be able to eat in a local pizzeria‚ so he opens
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NZ farmers hit by worst drought in 30 years Introduction Major dairy exporter New Zealand has joined a growing list of agricultural countries being sucked dry by a drought - its worst in 30 years - with the government warning of higher global milk prices. Market for milk when drought occurs in New Zealand 1. There are higher global milk prices. Due to drought in New Zealand crops that are produce for cow is sucked dry. Higher prices of crops will result in higher cost of maintaining
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1) Which of the following transactions would be included in GDP? a) The purchase of a Monet painting b) The purchase of paper clips c) The purchase of Telstra shares d) 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
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Main reasons that have caused globalisation 1. Improved transport‚ making global travel easier. For example‚ there has been a rapid growth in air-travel‚ enabling greater movement of people and goods across the globe. 2. Containerisation. From 1970‚ there was a rapid adoption of the steel transport container. This reduced the costs of inter-modal transport making trade cheaper and more efficient. 3. Improved technology which makes it easier to communicate and share information around the world.
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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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1. The securities‚ intermediaries‚ and markets that exist to match savers and borrowers comprise the financial ________. a. system b. 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
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The TakeoverDespite being poverty-stricken in the late fifteenth century‚ Europe would eventually make a huge comeback in world dominance. Compared to other countries‚ it was not only poor‚ but also lacked stability. (Lecture‚ 8/27/14). The small populated country started gaining more people due to travel‚ trade‚ and religion. Major world powers that had a vast effect on Europe’s transformation include China‚ Africa‚ and Latin America. This is exactly what Europe needed to get ahead in such a competitive
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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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Question 1 2 / 2 pts What is a capital investment? What is a capital investment? using money to buy goods or services issuing shares of stock of the corporation authorizing and issuing shares of common stock by a multinational corporation committing resources to projects that have costs and benefits well into the future Correct! Question 2 2 / 2 pts Estimating the expected cash inflows and outflows from proposed projects is performed in what step of the
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