Final Examination of Economics 1.When the money market is drawn with the value of money on the vertical axis‚ if the price level is above the equilibrium level‚ there is an a. excess demand for money‚ so the price level will rise. b. excess demand for money‚ so the price level will fall. c. excess supply of money‚ so the price level will rise. d. excess supply of money‚ so the price level will fall. 2.According to the classical dichotomy‚ when the money supply doubles which
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definitely diminishes the supply of potatoes. The supply curve will reallocate to the left. 5. Expectations. Expectations are actually a belief that may increase or decrease the price. The expectation that the cost of paper will do up in the future may reduces the supply of paper these days. The supply curve then swing to the left. 6. Number of suppliers. Enlargement in the amount of surfboard shops may amplify the supply of surfboards. The supply curve will reallocate to the right. As the determinants
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a high raised bet then watching a movie afterwards. I have some of my money due to the help of the journal‚ but when I save a big amount‚ a tiny simultaneous expense will follow then a big saving will happen again by next week‚ just like what an economics saying is‚ “What goes around‚ comes around.”. Before August end‚ my savings blew up because of different circumstances where my only expense is the fare from home to school and vice versa and due to different school activities where someone will
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We explored three different options‚ given the need to create a division of work that would maximize the number of tables manufactured per day by either utilizing four or five employees and allowing the employees to either be part of the manufacturing process or manufacture tables on their own. We first decided to combine the finishing step with the packaging step since packaging required a very minimal amount of time and because the employee assigned to this function was being severely underutilized
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Kudler Fine Foods ECO/365 Kudler Fine Foods Kudler Fine Foods (KFF) is a specialty gourmet store established in 1998 in La Jolla‚ Ca by Kathy Kudler. Kudler has since opened two additional stores in Del Mar and Encinitas. Kathy Kudler is requesting a market analysis‚ a review of competitive strategies and recommendations based on the results to maximize profits. The consultation will cover marketplace competition while defining the strengths and weaknesses of KFF. Positive and negative points
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Eco – Tourism refers to a form of tourism in which the main motivation of the tourist is the observation and appreciation of the nature as well as tradition and culture prevailing in a natural area. Eco – tourism has following benefits: (i) Economic Development: Tourism is currently world’s largest industry and fastest growing sector of economy. It is already the largest source of foreign exchange in countries like Cost-Rica and Belgium. (ii) Employment generation and income opportunities for
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Gold Prices Forecast As we all know that gold prices are fluctuating widely over the last few years‚ and a wide increase in the bullion rates has been recorded. According to economists and forecasters‚ there are different reasons of this widespread increase in gold prices. Most of them say that this is because of the relationship between crude oil and gold. And because of this correlation between prices of oil and gold‚ the gold prices are constantly changing but its not the only reason these
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Eco-Friendly products Eco-friendly products are products that do not harm the environment‚ whether in their production‚ use or disposal. Eco-friendly refers to anything that is good for the environment‚ also called as environmentally friendly or Green. So an eco-friendly product refers to those products that do not affect or cause any harm to the environment. Some of these going green products when in use‚ help conserve energy‚ minimize carbon footprint or the emission of greenhouse gases‚ and
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1.Discuss short run‚ long run‚ and very long run analysis in macroeconomics Macroeconomics consists of three realms: short run‚ long run‚ and the very long run. These are ways in which an analysis of the economy can be conducted with respect to time. Until today‚ the different types of national government policies are made based on these models of analysis. short run graph In the short run‚ firms cannot change the prices because there is a lack of time for the price to manifest in the market
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Edward Deming Quality is “uniformity and dependability” Focus on SPC and statistical tools “14 Points” for management PDCA method‚ plan‚ do‚ check‚ act Joseph Juran Quality is “fitness for use” Pareto Principle Cost of Quality General management approach as well as statistics Kaizen: Japanese term for continuous improvement. A step-by-step improvement of business processes. DMAIC‚ define‚ measure‚ analysis‚ improve‚ control Shingo’s argument: SQC methods do not prevent defects Defects
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