Aggregate Expenditure: relationship showing (at a given price level) Real GDP. * Y=C+I+G+NX Consumption Function (C): A relationship between disposable income (income-tax) and consumption * C=a+b(Y-T) * a-autonomous spending * b-MPC * Y-Aggregate expenditure * T-net taxes (tY) * Marginal Propensity to Consume (MPC) * Δ consumption/Δ disposable income * Marginal Propensity to Save (MPS) * Δ savings/ Δ DI * DI-MPC=Savings * MPS+MPC=1
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Project Security Domains and Strategies Purpose This project provides you an opportunity to apply the competencies gained in various units of this course to identify security challenges and apply strategies of countermeasures in the information systems environment. Learning Objectives and Outcomes You will learn the purpose of a multi-layered security strategy. You will understand the information systems security (ISS) fundamentals including the definition of terms‚ concepts
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HOLIDAY HOME WORK-DEPT.OF COMMERCE BUSINESS STUDIES Project: Principles of Management The students are required to visit any one of the following: 1. A departmental store. 2. An Industrial unit. 3. A fast food outlet. They are required to observe the application of the general Principles of management advocated by Fayol. Fayol’s principles 1. Division of work. 2. Unity of command. 3. Unity of direction. 4. Scalar chain 5. Espirit de corpse 6. Fair remuneration to all. 7. Order
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ELEMENTS OF ECONOMICS (3RD EDITION) BOOK I. Compiled by J. Linn 1 Economics is the study of allocation of scarce resources among wants that exceed those resources 2 A good is scarce if the amount demanded exceeds the amount supplied at a zero price. 3 Resources are inputs used to produce goods and services. 4 Human rational self-interest is assumed. 5 Economics is a science‚ and employs the scientific method. 6 Theory is a set of testable hypotheses that explain observed
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because smokers create pollution and harm the society as a whole. As a result of negative externalities‚ demerit goods’ marginal social benefit is less than marginal private benefit. Thus‚ consumers will over-consume demerit goods‚ like shown in diagram 2 below. In a free market‚ demerit goods are over-consumed by a quantity equal to Q1-Q2. Between Q1-Q2‚ SMC>PMB. Thus‚ there is welfare loss equal to the shaded area. Thirdly‚ public goods refer to goods which total cost of production
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Materials .............................................................................................................7 1. Projects‚ The Cutting Edge of Development ....................................................................9 What Is a Project? .................................................................................................................9 Plans and Projects .................................................................................................................11
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1. Does Project 2007 function more like Microsoft Office Excel or Microsoft Office Access? Why? Complete Project Plan Schedule Creation & Integration with Resources along with Resource Allocation & Cost estimation is easier & unique to Project 2007. With knowledge of further VB Scripting or Macro creation – we can create these functions in all 3 application --Data is stored in Table Views; We have the capability for Charts; Time / Resource Allocation & Calculation; Database functionality (ODBC
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Project Management‚ 2e (Pinto) Chapter 3 Project Selection and Portfolio Management 3.1 True/False 1) Numeric project selection models‚ by their very nature‚ employ objective values. Answer: FALSE Diff: 2 Section: 3.1 Project Selection Skill: Definition AACSB Tag: Reflective 2) Every decision model contains both objective and subjective factors. Answer: TRUE Diff: 3 Section: 3.1 Project Selection Skill: Factual AACSB Tag: Reflective 3) A simplified scoring model
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A minimum wage policy induces an: Select one: a. elastic labor supply response. b. excess supply of labor. Correct c. excess demand for labor. d. efficient market outcome. Suppose the demand and supply curve for good X are as follows: PD = 533 – 5Q PS = 122 + 3Q where P is the price of X and Q is the quantity. Suppose an excise tax of $8 per unit of X is assessed on this market. What is the new equilibrium quantity of X? Answer Feedback The correct answer is: 50.375 Use
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explain how countries develop comparative advantage in certain areas rather than others. The model works as follows: 1) Assume every country‚ for the most part‚ has access to the same technology. 2) Still‚ factors of production are difficult to move across national boundaries. 3) It follows from (2) that factors of production are relatively bound by geography and national borders‚ and that not every country can obtain the proportions need to maximize production. 4) Because the amount of productive
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