Outcome1 1.1 1.2 Unit 213 provide displays in schools 1.3 1.4 My school‘s policy for displays are to show the children’s work either in the classroom or in the corridors‚ this will create a sense of achievement and the children will feel valued. This policy show’s rationale and purpose with guidelines for creating displays this also states that the display should create awareness and give clear information on that given subject‚ all displays should have clear title’s and the work should
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There is often a trade-off between equity (fairness) and efficiency • gain from trade are the advantages of specialization • economies normally move toward equilibrium • Three basic econ. questions - What to produce? How to produce? For Whom? • Three economic system ➢ all of it answer those 3 basic econ. questions ➢ types - traditional‚ command/planned‚ market ➢ most of the country are mixed economies (more than one type) Chapter 2 : Economic Models Trade-offs and Trade •
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for the following and state if the good is normal or inferior; (3 marks total‚ 1.5 marks per part) YED= +0.7 YED= -3.4 (d) Interpret the following Cross-Price Elasticities of Demand (XED) and explain the relationship between these goods. (3 marks total‚ 1.5 marks per part) XED= + 0.75 XED= -2.5 Question 3: You are given the following data about two firms: FIRM A Quantity 0 1 2 3 4 5 6 Total revenue ($) 0 10 20 30 40 50 60 Average
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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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ECO 561 Economics March 12‚ 2012 Abstract The following paper discusses a business proposal on hair extensions. The proposal will include profit maximization strategy‚ how to increase revenue‚ entry into the market. The proposal will also look at product differentiation and the mix of pricing and non-pricing strategies to increase revenue as well as pricing and non-pricing strategies for hair extensions under the current business cycle in the United
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A311: Final Exam Review Chapter 10 1. Interest Capitalization Delmar Corporation borrowed $200‚000 at 12% interest from state Bank on January 1‚ 2013‚ for the specific purpose of constructing special-purpose equipment to be used in its operations. Construction on the equipment began on 1/1/13‚ and the following expenditures were made prior to the project’s completion on 12/31/13: Expenditures Made in 2013 January 1 $100‚000 April 30 150‚000 November 1 300‚000 December 31 100‚000 Total Expenditures
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available technology‚ as they use more of their resources for corn production‚ there are fewer resources available for breeding poultry. Maximum annual output options Quantity of Corn (pounds) Quantity of Poultry (pounds) 1 1200 0 2 1000 300 3 800 500 4 600 600 5 400 700 6 200 775 7 0 850 1. Examine the following production possibility frontier graph with corn on the horizontal axis and poultry on the vertical axis illustrating these options and showing points 1–7.
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this section of ECON 201 may not be the best match for your interests. If you want rigorous (if basic) economic analysis to become a natural part of your own thought process and expect this course to be your first step rather than your last along this path‚ then I believe this section will be a good match for you. Organization In addition to my class lectures‚ my teaching assistants will offer review sessions each week to discuss current course material and assigned problems (or anything else
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slope upward. Answer: C 2) An increase in the price of pork will lead to A) a movement up along the demand curve. B) a movement down along the demand curve. C) a rightward shift of the demand curve. D) a leftward shift of the demand curve. Answer: A 3) An increase in consumer incomes will lead to A) a rightward shift of the demand curve for plasma TVs. B) a movement upward along the demand curve for plasma TVs. C) a rightward shift of the supply curve for plasma TVs. D) no change of the demand curve
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Taiwan‚ China and even Germany. It keeps expanding itself by improvements as well. For example‚ it replaced plastic screens by glass screens in 2004. Secondly‚ the fact that globalization has made the rules less strict‚ it becomes easier for Apple to set up factories in different countries. Thirdly‚ Apple also uses the competitive advantages of foreign locations. For example‚ this place is an expert of manufacturing particular device then Apple can give this certain task to it and ensures the high quality
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