2011 H1 Economics Prelim Questions Raffles Institution With the help of a diagram‚ analyze the effects of China’s increasing control over rare earths mines on the Japanese economy. To what extent would China’s reduction in the export of rare earths pose a challenge to the West’s march toward a greener future? Evaluate the effectiveness of the Chinese’s government’s intervention in the market for rare earths To what extent do you agree with the view that the US trade position with China over
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The Haymarket Riot of 1886. In May 4‚ 1886 the Haymarket riot in the police clashed violent whit militant anarchists and labor movement protesters in Chicago. The strong public and state reaction against the Haymarket protesters has been palled the first red scare in U.S history. The Haymarket Riot grew out of labor unrest that had been brewing since the 1870. The different working
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6.1a) A monopoly is facing the demand and marginal cost curves which is P = 12 - 0.002Q and MC = 3 + 0.001Q. When the demand curve is P = a- bQ‚ the marginal revenue curve will be MR = a- 2bQ ‚ therefore‚ MR = 12 - 0.004Q.(Refer to figure1) Figure 1 To maximize the profits‚ the company should produce at the output level where marginal revenue is equal to marginal cost. If the marginal revenue is higher than marginal cost‚ the firm can increase profit by producing more. If
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Evaluation ….……………………………………………………. 11 3.3 Team Grading ………………………………………………………... 12 3.4 Instructor’s Assessment of Project Presentation ….………………... 13 3.5 Instructor’s Assessment of Project Report .........……..……………… 15 4. Mid-Term and Final-Term Examinations 4.1 Guidelines ………………………..………………….…………………… 16 4.2 Study Tips ……………………………………………………………….. 17 4.3 Instructor’s Assessment of Critique of Paper: …...………………….. 18
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Name __________________________ _________ last 4 PSU ID _______ Section 001 11:15 SPARKS MWF Spring 2011 Chuderewicz YOU MUST USE THIS AS A TEMPLATE – NOTEBOOK PAPER IS NO LONGER ACCEPTED - MAKE SPACE FOR YOUR ANSWERS BY HITTING ENTER (you certainly don’t need to type this assignment)– LEAVE THE QUESTIONS AS THEY ARE – AND PLEASE STAPLE! ALSO‚ PLEASE PUT THE FIRST TWO LETTERS OF YOUR LAST NAME IN THE TOP RIGHT HAND CORNER OF THIS PAGE SO THAT WE CAN ALPHABETIZE THESE EASILY. THANKS IN
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The marginal propensity to consume (MPC) is defined as the additional consumption that results from one dollar increase in disposable income. Bill’s disposable income goes from $100‚000 in 2001 to $200‚000 in 2002‚ and his consumption spending goes from $80‚000 in 2001 to $140‚000 in 2002. Which of the following statements about Bill is true? Bill’s MPC is equal to 0.6. Which of the following changes in disposable income would lead to the greatest increase in consumption? a $20‚000 increase
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the value of money increase. | B. | increase‚ which makes the value of money decrease. | C. | decrease‚ which makes the value of money decrease. | D. | decrease‚ which makes the value of money increase. | | Score: | 0.25/0.25 | | | 4. | QZ12004 | | The classical theory of inflation | | | Student Response | A. | is also known as the quantity theory of money. | B. | was developed by some of the earliest economic thinkers. | C. | is used by most modern economists to
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TEAM WEEKLY MODULE PROBLEM SET 2 Ryan Anderson‚ Erik Bare‚ Steven Kitchen‚ Daniel Stewart and Tamara Wogen Washington State University BA 503 Foundations In Business Law Kalvin N. Joshi‚ Esq.‚ J.D. NEGLIGENCE AND STRICT LIABILITY 1. What defense will Ragged Mountain probably assert? As the plaintiff voluntarily entered into a hazardous situation‚ aware of the inherent risk and danger involved‚ Ragged Mountain can assert the affirmative defense of
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Bill owns 3 acres of beautiful wooded land. When Bill decides to move to be closer to his grandchildren‚ he donates the land to the state with the understanding that the land will be used as a state park. This state park is large enough that it is not congested. It is an example of a good that is neither rival in consumption nor excludable. 9. You are the mayor of a small town with 2‚000 residents. The head of your economic development agency recently conducted a survey in which the 2‚000 residents
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The multiplier measures the rise in Y resulting from a single period injection after an infinite number of rounds. According to this equation‚ if a 10 million rise in injections caused a 40 million rise in national income‚ the multiplier would be 4. The main cause of multiplier effect is that when extra money is injected into the economy of the country‚ it will stimulate more spending‚ which will stimulate even further spending and so on. For example‚ let’s assume that firm decided to invest
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