Econ 201 Name_____________________________ 1st test Sp 2012 Keith Watson 1.Economics is primarily the study of a.economists’ roles in the market for stocks and bonds. `b.the problem of unlimited wants and limited resources. c.methods to eliminate scarcity. d.government programs that make the economy grow. 2.Societies in which consumers‚ producers‚ and resource suppliers determine economic outcomes are known as a.traditional economies. b.command economies. `c
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Concordia University Department of Economics ECON 303/2BB: Intermediate Macroeconomic Theory I Fall 2013 Midterm exam #1‚ October 15‚ 2013 Instructor: Yves Tehou STUDENT NAME___________________________________________________ STUDENT ID ____________________________ Instructions: There are a total of 25 points. The exam has two sections: multiple-choices and short problems. The multiple-choice section is worth 15 points‚ and the short problems section is worth 10 points. For the multiple-choice
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William Nelson Econ 1000 Assignment 2 In the past‚ handheld gaming systems had met consumers’ expectations very well. The vast majority of the handheld gaming industry was divided between Nintendo (Gameboy‚ DS) and Sony (PSP) products. Consumers expected a handheld gaming device to be small and portable‚ run on batteries‚ and play fairly complex games. The handhelds fulfilled these requirements very well‚ and enjoyed high demand because of it. The introduction of smartphones (iPhone‚ Android)
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International Trade and Finance Speech International Trade and Finance Speech The current state of the U.S. macro economy is made up of a plethora of highly involved processes. I am going to attempt to explain some simple terms and concepts focused on international trade and foreign exchange rates. Foreign Exchange Rates One needs to have a base level understanding of what defines an exchange rate. According to Investopedia‚ a foreign exchange rate is “The price of one country’s currency
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Leadership and Power LDR/300 October 20‚ 2013 Shawn Lynam Leadership and power paper 1. We have described power as the capacity to cause change and influence the degree of actual change in a targets behavior. Ho Ching’s power as a leader has been recognized by many but would you describe Ho Ching as an influential leader? Why? Ho Ching could be viewed as an influential leader by the way she is recognized in the text. She was ranked 18th for Asia’s Most Powerful Business People and was ranked
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Demand Estimation Econ 550 Strayer University QD = - 5200 - 42P + 20PX + 5.2I + .20A + .25M (2.002) (17.5) (6.2) (2.5) (0.09) (0.21) Qd= -5200 – 42(500) + 20(600) + 5.2(5‚500) + .20(10‚000) + .25(5‚000) Qd= -5‚200 – 21‚000 + 12‚000 + 28‚600 + 2‚000 + 1‚250 = 17‚650 It is a common rule‚ when the prices of a product increase the demand of that same product decreases. In the particular case the price of the product increases‚ the demand for the frozen microwaveable food will decrease
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ECON 3305 Managerial Economics Homework 1 The homework covers Ch 1~3. It has to be your individual work. Copying answer from others will violate ACADEMIC HONESTY policy to cause a failing grade. For each question‚ please show the necessary derivation (if applicable) and highlight the answer. Limit your answers within 5 pages. No cover sheet is required. Q1: Ch 1 (15%) At the beginning of the year‚ an audio engineer quit his job and gave up a salary of $ 175‚000 per year in order to start
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ECON 305 MIDTERM A. Multiple choices 1. __________ Given that air pollution is generated as a byproduct of the production of some goods like chemicals A) GDP is adjusted downward to account for this B) GDP is adjusted upward to account for this. C) GDP tends to understate economic welfare. D) GDP tends to overstate economic welfare. E) None of the above. 2. __________ Suppose hamburgers cost $1.20 last year and $1.32 this year‚ and the overall price index (the GDP
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Econ Notes 3: Exam Thursday‚ March 27th Chapter 16: Money Money- used to purchase things Weath- not money until converted into form that can be used to purchase things Liquidity- Purchasing power Functions of Money: (515) 1. Medium of exchange 2. Store of Value- can store it 3. Unit of account - way of establishing relative value 4. A Standard of Differed Payment- allows exchange over period of time Our Money • Commodity Money- money that has value outside of being used for money
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Fundamentals of Macroeconomics ECO/372 By Nicole Noyce July 28‚ 2013 Dr. Samule Onipede In order to understand what is going on with the United States economy you must understand some important terms that are part of the economic language. You also need to understand how certain activities in your everyday life have an overall effect on the economy. Placing the puzzle pieces of what makes up the economy and what effects the economy will help one to understand how to react in certain situations
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