will compare and contrast different economic systems and explain how they answer the three basic economic questions of what to produce‚ how to produce‚ and for whom to produce. a. Compare command‚ market‚ and mixed economic systems with regard to private ownership‚ profit motive‚ consumer sovereignty‚ competition‚ and government regulation. b. Evaluate how well each type of system answers the three economic questions and meets the broad social and economic goals of freedom‚ security‚ equity‚
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FINAL EXAMINATION PROGRAMME: MASTER OF BUSINESS ADMINISTRATION (MBA): GENERAL AND TOURISM- YEAR ONE MODULE: ECONOMICS DATE: 21 NOVEMBER 2011 DURATION: 3 Hours EXAMINER: Mr I Govender INTAKE: JANUARY 2011 TIME: 09h00 – 12h00 TOTAL MARKS: 100 MODERATOR: Dr D Mukuvisi INSTRUCTIONS TO THE CANDIDATE: 1. Questions must be attempted in the answer book provided. 2. All queries should be directed to the invigilator; do not communicate or attempt to communicate with any other candidate. 3. You have THREE
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ECONOMICS CHAPTER 1- INTRODUCTION TO ECONOMICS ● Assumed 3 decision makers- consumers (households) – that sell land‚ labour‚ capital & entrepreneurship and firms- that pay rent‚ wages‚ interest and profits (rewards for above factors of production ) firms then use the factors to produce G/S in return for payment from consumer. Govt imposes taxes on individuals and (income tax) and firms (corporate tax) to provide infrastructure and other services to community ● Econon’s 2 basic assumptions
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exposure when the currency cannot be hedged Currency Diversification- this can limit the potential effect of any single currency’s movements on the value of an MNC. 3) Compare MNC capital budgeting to domestic capital budgeting. Talk about economic exposure. MNC capital budgeting‚ like domestic capital budgeting‚ focuses on the cash flows of prospective long-term investment projects. They use the same NPV discounted cash flow model. However MNC is more complex because of the following
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Multinational Strategies and Developing Countries in Historical Perspective Geoffrey Jones Working Paper 10-076 Copyright © 2010 by Geoffrey Jones Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Overview This working paper offers a longitudinal and descriptive analysis of the strategies of multinationals from
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possible. I hope to do at least 20 years time in service but I will most likely stay in longer. This job makes me feel proud and I really do not want to lose it. Now that I have gotten into trouble I fully understand the severity of obeying an order from the higher ups and I will do my best not to get myself into this predicament again because I would rather not lose what little rank I do have. I can not afford to lose that because I am struggling now trying to help myself with my financial situations
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The premise of the film is a revered and distinguished Army general has pled guilty to disobeying orders‚ from the President. He is sent to a military prison to serve his sentence. General Irwin‚ meets the warden of the prison‚ Colonel Winter‚ who he ultimately discovers is cruel and murderous. Even though the inmates of the prison are criminals‚ they are also military personnel and still possess a self-respect and discipline. Which is against the warden’s wishes‚ the General helps institute a rank
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Economics and Scarcity Problems In most countries the birth rate has fallen as incomes and the economic opportunities for women have increased. The expansion of women’s income has discouraged fertility. Women have found it more expensive to have kids because of time and limited resources. First being a full time Mother can conflict with the amount of time away from the house. It cost money to have someone watch kids during the day. Women rather only have one or two children because excessiveness
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country with such strict government control. Park was just 13 years old when she fled the country with her mother‚ and she currently resides in New York. Now 21 years old‚ she has begun talking about her tragic past‚ mostly through her book‚ called In Order to Live. In the book‚ Park states that in 1990‚ the Soviet Union disbanded and Moscow stopped offering deals on exports to North Korea‚ which ultimately led to the country’s demise. After 1990‚ the country’s economy suffered‚ so much so that Park
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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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