Questions economic policy • Point out the reasons why it’s worth an economy has a low inflation Low inflation promotes the efficient use of productive resources . Conversely ‚ when inflation is high time some individuals and some of the economic resources are invested in the search for mechanisms to fend off inflation. For example ‚ when inflation is high‚ companies should allocate more resources to the management of its portfolio to avoid financial losses . These are unproductive uses that
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Trimester 1 2013/2014 Q1 Briefly discuss each of the following economic ideas: People are rational. People respond to incentive. Optimal decisions are made at the margin. Q2 Indicate whether each of the following statements applies to microeconomics or macroeconomics issue. a) Proton plans to spend RM800 million on a new automobile plant. b) The nation’s economy grew at an annual rate of 3.7 percent in the final quarter of the year. c) The trade deficit in the Malaysia was
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1. Dorra Corporation manufactures lawnmowers in five work stations. Dorra’s weekly demand is 5‚000 mowers but Dorra can only produce 4‚200. According to the theory of constraints‚ to increase production output Dorra would benefit the most by concentrating improvement efforts on the: A. first work station. B. last work station. C. largest work station. D. slowest work station. 2. Managerial accounting is applicable to A. service entities. B. manufacturing entities. C. not-for-profit entities. D
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Chapter 3: Government and the Economy In your own words‚ explain what an externality is. Externality is very easy to explain. An externality is the measurement of the difference in what something costs for you and what it costs for society in economics. Besides addressing externalities‚ what other important and beneficial roles does government play in our economy? Governments play
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1. What seems to be the major cause of the shootings at Columbine High School in Colorado? a. Exclusion‚ mockery‚ and taunting at school. 2. A bully’s victim usually ________. a. has less power than the bullies 3. Sexual jealousy is a particularly powerful determinant of aggression in ________. a. cultures of honor 4. Children are likely to behave less aggressively when they a. have models of nonaggressive behavior. 5. The only firm conclusion about pornography that
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Applied Heat past Examination Questions 1. An Ammonia refrigerator is to produce 2 tonne of ice per day at -4°C from water at 20°C. if the temperature range in the compressor is between 25°C and -6°C‚ Calculate horse power required to derive the compressor. Latent Heat of ice = 80 kcal/kg‚ and specific heat of ice= 0.5 2. A compressor draws 42.5 m3 of air per minute in the cylinder‚ at a pressure of 1.05 kg/cm abs. It is compressed Polytropically pV1.3=C to a pressure 4.2
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MANAGERIAL ECONOMICS ASSIGNMENT Question 1 a. Explain the production possibilities frontier (PPF). [2 marks] b. Analyse what it means for the PPF to be bowed out from the origin (curved)‚ and what it means for the PPF to be a straight line. [3 marks] c. State the Law of Increasing Opportunity Cost and explain why it holds. [3 marks] [TOTAL: 8 MARKS] Question 2 a. “As
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ECON EXAM 3 QUESTIONS Competitive Supply A perfectly competitive firm maximizes profit by producing the quantity at which: MR = MC. Consider a perfectly competitive firm in the short run. Assume the firm produces the profit-maximizing output and that it earns economic profits. At the profit-maximizing output‚ all of the following are correct except: price is equal to average total cost. People in the eastern part of Beirut are prevented by border guards from traveling to the western part of
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MGT/350 Final Examination Study Guide This study guide prepares you for the Final Examination you complete in the last week of the course. It contains practice questions‚ which are related to each week’s objectives. Highlight the correct response‚ and then refer to the answer key at the end of this Study Guide to check your answers. Use each week’s questions as a self-test at the start of a new week to reflect on the previous week’s concepts. When you come across concepts that you are unfamiliar
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Elective History Final-Year Examination Revision Stalin’s Russia (SEQ Revision) A) How did Stalin Rise in Power? When we examine the reasons behind the rise of Stalin‚ there are TWO MAIN FACTORS RESPONSIBLE: • Stalin’s Cunning Personality o Stalin Outwitted His Rivals o Stalin Pretended to have been Close to Lenin o Made Alliances o Used His Position as Secretary-General of the Party • Favourable Circumstances o Trotsky’s Weaknesses 1) Stalin Outwitted
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