Timings :1 hour TEST Max.Marks 58 Choose the most appropriate answer from the given options in respect of the following : 1)”Economics is the study of mankind in the ordinary business of life” was given by : a) Adam Smith b)Lord Robbins c)Alfred Marshall d)Samuelson 2)A capitalist economy uses as the principal means of allocating resources a)Demand b)Supply c)Efficiency d)Price 3)The commodity whose demand is associated
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w w w e tr .X m eP UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level e ap .c rs om MARK SCHEME for the October/November 2009 question paper for the guidance of teachers 9708 ECONOMICS 9708/22 Paper 22 (Data Response and Essay – Core)‚ maximum raw mark 40 This mark scheme is published as an aid to teachers and candidates‚ to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award
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After carefully analyzing “Thought” by Louis H. Sullivan‚ it is evident that he believes the basis of creativity lies within thought. Fascinated with the power of thought‚ he begins to correlate the hinderance of creativity with the usage of words. He dives into a very mysterious yet relatable topic about thinking in the past‚ present‚ and future. The focus of his argument which caught my attention was thinking about the past or future. By thinking about the past or future‚ are we making significant
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$117.99 per barrel. (Source US Energy Information Administration) Economics is the study of using resources in a productive manner and to allocate them in the best possible way. Economics is concerned with the production and consumption of goods and the transfer of money to create and get those goods. Economics tells us how people in the markets communicate in order to achieve what they desire and fulfill their goals. Economics deals with studying the wants and desires of people resulting in creating
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Philippines Economy To Survive Haiyan Despite a terrible human toll‚ Haiyan is unlikely to derail the nation’s impressive economic performance. By Anthony Fensom Asia’s “strong man” economy of the Philippines is considered tough enough to weather the effects of Typhoon Haiyan. Yet even after the deadliest typhoonin the nation’s recorded history‚ analysts have warned of potentially worse storms ahead. After making landfall on November 8‚ Haiyan (known as Yolanda in the Philippines) flattened dozens
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In this piece the author‚ Louis Pizzitola‚ dives into the history of the film and newspaper industry and‚ specifically‚ how William Randolph Hearst used his works to advocate his political propaganda. The author describes Hearst’s use of exaggeration and heightening of reality‚ otherwise known as sensationalism‚ in his reporting as well as in his films to evoke feelings of patriotism in the mass public and promote our engagement in various wars. The book begins by talking about Hearst’s childhood
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| |Higher 1 | ECONOMICS 8819/01 Paper 1 1 September 2011 3 hours Additional Materials: Answer Paper READ THESE INSTRUCTIONS FIRST Write your name‚ index number and CT class on all the work you hand in. Write in dark blue or black pen on both sides of
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After he took power‚ Louis XIV made the nobility tax exempt‚ so the heavy burden of the taxes lied on the peasants‚ which made their already hard lives even tougher. In document 3‚ it explains how Louis XIV keeps his courtier in line so that they stay diligent in pleasing him. The documents also depicts his oppressiveness‚ stating that Louis XIV had many spies that tattled on anyone of any class which ruined the person’s life since
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their devices‚ is having trouble adding customers and certainly not retaining their current customers. To be a player in the wireless industry there are many factors that will help you gain market share‚ customer growth is just the start. When competitors are looking for a way to be competitive in the industry there are many factors that will contribute to a companies success. We have identified in a CPM matrix some current trends in the market for the top 2 competitors in the industry along
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Collusive and Non-Collusive Oligopoly What is an oligopoly? An oligopoly is a market dominated by a few producers . An oligopoly is an industry where there is a high level of market concentration. Examples of markets that can be described as oligopolies include the markets for petrol in the UK‚ soft drinks producers and the major high street banks. Another example is the global market for sports footwear – 60% of which is held by Nike a nd Adidas. However‚ oligopoly is best defined by the
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