HW 1 International Economics‚ ECON 630 Due on Wednesday‚ July 2 @ 11:00pm PT (Total 50 points) 1. Why did the Mercantilists consider holdings of precious metals so important to nation-state building? (6 points) Wealth was viewed as synonymous with holdings of precious metals. Nation-states wished to become wealthy and this meant obtaining large holdings of precious metals. It is also argued by some that the shortage of coinage constrained the growth of these nation-sates and that precious
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Ready Set Learn Jammelah Rials Capella University Ready Set Learn To determine if an early childhood program is high quality or not depends on several qualities. One important quality is the physical setting the indoor environment must be clean in good repair and well ventilated. Un-sanitized environment can lead to the spread of germs and viruses making it easier for children to become sickly or ill. Classroom space must be divided into richly equipped activity areas‚ including
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Economics is known as the study of scarcity. Scarcity is the fundamental economic problem of having seemingly unlimited human needs and wants‚ in a world of limited resources. To minimize scarcity we need to make choices‚ this is where the five e’s of efficiency come in to play. Economic growth is the increase in the ability to produce new resources. This is caused by having more resources‚ better resources‚ and having better technology. To achieve maximum satisfaction we need to use our existing
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Question 1: Per hour‚ Kim can produce 40 pies OR 400 cakes‚ whilst Liam can produce 100 pies OR 200 cakes. a. Calculate Kim’s and Liam’s opportunity costs of producing one pie. Kim’s opportunity cost of producing a pie is 400/40 = 10 cakes per pie. Liam’s opportunity costs of producing a pie is 200/100 = 2 cakes per pie b. If Kim and Liam spend 30 minutes of each hour producing pies and 30 minutes producing cakes‚ how many pies and cakes does each of them produce? Kim produces 20 pies and 200 cookies
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Milestone Two: Supply and Demand Conditions and Price Elasticity of Demand Jason Strawbridge Microeconomics 201 April‚ 5 2015 ` Hewlett-Packard is the world’s largest technology company‚ it provides numerous products‚ software solutions and services to private and business consumers of all sizes. Their customers also includes government‚ health and education sectors. Their operations are divided into seven different divisions‚ Hewlett Packard offers products for personal computing‚
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Running head: SET THE STAGE FOR SUCCESS Gabby Gonzalez July 1‚ 2009 GEN/200 Abstract Everyone has a goal to meet‚ but sometimes they do not know the right way to act upon their own goals. Some could be clueless to many strategies that may help someone succeed their goals. However‚ four excellent strategies to succeed would be goal-setting‚ vision‚ time management‚ and organization. Learning these strategies in procedure will help anyone that is dedicated accomplish their goal to succeed
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CLICK TO DOWNLOAD ECON 312 Week 1 Quiz 1. (TCO 1) The general concern of economics is with the study of the 2. (TCO 1) The term scarcity in economics refers to the fact that 3. (TCO 1) Are the goods that businesses offer for "free" to consumers also free to society? 4. (TCO 1) Which is considered to be an economic resource by economists? 5. (TCO 1) If an economy is producing at a point inside a production possibilities curve‚ then 6. (TCO 1) Which would not be characteristic of a capitalist economy
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Econ 101 practice question for Exam 1 (answer key at the end) 1. Each month Jacquelyn spends exactly $50 on ice cream regardless of the price. Jacquelyn’s price elasticity of demand for ice cream is: A) zero. B) one. C) greater than one. D) less than one‚ but greater than zero. 2. Egg producers know that the elasticity of demand for eggs is 0.1. The hens went crazy and laid 5% more eggs than usual. To sell all those additional eggs‚ they will have to lower price by: A) B) C) D) 0
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Estimate Goodman’s and Landry’s betas as the slopes of regression lines with stock return on the vertical axis (y-axis) and market return on the horizontal axis (x-axis). (Hint: Use Excel’s SLOPE function.) Are these betas consistent with your graph? 4. The risk-free rate on long-term Treasury bonds is 6.04%. Assume that the market risk premium is 5%. What is the required return on the market using the SML equation? Risk - free weight + beta*market risk = Required return on market = 6.04%+1*5%=0.1104
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4 | | | | | | THE MARKET FORCES OF SUPPLY AND DEMAND | | | OF SUPPLY AND DEMAND | | | SOLUTIONS TO TEXT PROBLEMS: Quick Quizzes 1. A market is a group of buyers (who determine demand) and a group of sellers (who determine supply) of a particular good or service. A perfectly competitive market is one in which there are many buyers and many sellers of an identical product so that each has a negligible impact on the market price. 2.
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