| |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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1. Distinguish between Micro economics and Macro economics. Microeconomics may be defined as that branch of economic analysis‚ which studies the economic behavior of the individual unit‚ maybe a person‚ a particular household‚ or a particular firm. It is a study of one particular unit rather than all the units combined together. In microeconomics‚ we study the various units of the economy‚ how they function and how they reach their equilibrium. An important tool used in that of microeconomics is
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Chapter 1: ECONOMIC INTERDEPENDENCE.- “ When the U.S sneezes‚ the economies of other nations catch a cold” GLOBALIZATION . Is the process of greater interdependence among countries and their citizens. Agglomeration Economies.- are a powerful force that help explain the advantages of the "clustering effect" of many activities ranging from retailing to transport terminals. (Urbanization‚ Industrialization‚ Localization economies) FOREIGN OUTSOURCING.- Certain aspects of a product’s manufacture
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exchange rate is said to overshoot when its immediate response to a disturbance is greater than its long-run response. Exchange rate overshooting is an important phenomenon because it helps explain why exchange rates move so sharply from day to day. The economic explanation of overshooting comes from the interest parity condition. Question 4 (a) Using the AA/DD framework‚ explain the separate effects of a temporary monetary expansion and a temporary fiscal expansion on the exchange rate‚ output and
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elasticity of demand Inelastic demand curve will be less than 1 Inelastic demand curve will be less than 1 Elastic demand curve will be greater than 1 Elastic demand curve or Kinked demand curve will be greater than 1 Is there a presence of economic profits? No Yes Yes Yes Introduction: Printing is one of the most highly competitive industries in America today there are literally thousands of printers in the United States‚ they range from a small mom and pop operation to multinational
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Recommendation Report Description The Recommendation Report is your final project for this course. As such‚ you might think of it as a final exam—an opportunity to illustrate what you’ve learned throughout the semester. As part of this project‚ you must draw upon your ability to use and integrate writing‚ graphics‚ document design‚ research‚ persuasion‚ and‚ above all‚ clear thinking and expression of ideas. Your objective is to provide your client with a professional quality document that makes
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is at max point Managers take production right up to the point where TC=TR; if they can [2] Oligopolies can benefit most from going past the profit maximising output because it gives them a market share advantage over their competition. The economic climate can affect managers’ ability to deploy this tactic. If a recession is on the cards then shareholders will be anxious and keeping them and profits high will be a priority to which managers must abide to keep their position. The Downsides:
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RECOMMENDATION In this Genting bus crash case‚ there are several recommendations that we want to point out in preventing or reducing the frequency and severity of bus accidents at Genting Highlands in the future. The government should upgrade the safety of Genting Highlands road. Including signboard‚ lighten up the side of the road‚ adding up the road yellow bar especially at accidents area‚ improving the safety area beside only using the rubber wall and guard rails and reconstruct the widen
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This letter is to serve as my formal recommendation for Andrew Fuller. Andrew has been my direct assistant for several years. I have known Hongbin for more than one and a half years. I hired him to work for me as a Research Analyst at SRR in July of 1996. SRR is a full-service marketing research firm whose clients are primarily large radio stations and other music oriented media companies such as Capital Records‚ and MTV Networks. My roles at SRR include manager of new product development (research
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Summary of Key Findings From the research done above‚ the following points summarise the issues found with Napoli’s strategy in expanding Schindler into India. There were many issues that arose throughout the process of setting up Schindler India. We have broken these down into three main categories and listed the relevant issues below them. Problems with Marketing No customisation of products reduced the number of customers that were interested in buying a Schindler elevator. The business strategy
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