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 of the product. Moreover‚ Apple creates a lot of job opportunities. It employs 43000 people in the states and also supports another 254000 jobs. Some people may point out that jobs only increase for the workers in developing countries‚ but still thanks to globalization‚ Apple creates hope and stable salaries for those non-skilled workers. Lastly‚ globalization
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Worksheet #3 Chapter Five: Public Opinion 9th Edition page numbering are highlighted‚ 10th ed. are not. Struggle Chapter Five 1) Define opinion poll/sample survey. What makes a poll random? What are some problems with polls and surveys? An Opinion Poll is an assessment of public opinion obtained by questioning a representative sample. All polls are based on the idea of a random sample. Two methods are used to get the sample. One is called Random Digital Dialing in which the pollster carefully
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time interval Components of GDP Consumption: spending by households with the exception of purchasing new houses Investment: the purchase of goods that will be used in the future to produce more goods and services Government purchases by local‚ state‚ and federal governments Net exports: the foreign purchases of all domestically produced goods minus the purchase of foreign goods Real v. Nominal If total spending rises from one year to the nest then one of two things must be true Economy is
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1. State and explain any two advantage of a monetary economy. State and explain any three functions of money. In monetary economy is an economy where goods and services are exchanged for money. It can avoid double coincidence of wants‚ for example‚ one person is willing to use a bag of rice to get a bag of tea; another person is willing to use a bag of tea to get two apples. These two parties can not trade easily for their goods because in a barter economy people have to find exact goods and
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DEFINITION Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Economics may be defined as a science that deals with the activities of man in obtaining wealth for the satisfaction of his wants. Economics is the art of making a living. Economics is the proper allocation and efficient use of available resources for the maximum satisfaction of human wants. Economics is the branch of social science
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conclusion from all this would be that the little hoodlum who threw the brick‚ far from being a public menace‚ was a public benefactor. How might Henry Hazlitt respond to this position? (Answer in 200 words or less) In the "Broken Window" Hazlitt states that that money could have also gone to the tailor that the baker was intending to buy a suit from‚ so the tailor is in turn losing potential money earnings. Also‚ destroying property diminishes the value of the area‚ so overall it is a loss for the
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With the question as stated: When would you want to own a business that sells price-elastic products? I think that any time could be a good time to own a price-elastic business. Obviously‚ the most opportune time would be when the economy is in the state that it is in today. The best kind of business to be in would be a store like Wal-Mart. Because the fact that Wal-Mart can offer almost countless products for sale‚ the price point on any one product can cause a great price-elastic scenario on almost
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they will face in their post-secondary employment‚ school‚ or military careers. We must help them be ready to tackle the issues that not only our community‚ but our nation‚ and our country are going to be facing in this next generation and beyond. The Ohio Community Collaboration Model has so aptly discovered that essentially‚ no longer may we‚ the school alone‚ be responsible for the academic
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St Atanagio is a remote island in the Atlantic. The inhabitants grow corn and breed poultry. The accompanying table shows the maximum annual output combinations of corn and poultry that can be produced. Obviously‚ given their limited resources and 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
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Macroeconomics Exam 1 Instructor: Prof. Phelps Name: Results: Class: Period: Date: Read each question carefully then circle the correct answer. When you are finished transfer the answers to the Scantron sheet. Make sure that you enter your name on both the exam and the scantron sheet. You have 1 hour to complete the exam. 1. For economists‚ the word "utility" means: a) versatility and flexibility. b) rationality. c) pleasure or satisfaction.** d) purposefulness
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