Some review questions for Lecture 4‚ 5 and 6 4.1 When and in which areas MAY local officials overstate or understate the economic growth rates? Briefly explain. 4.2 Indicate FOUR economic measures which are supplementary to and more reliable than the GDP data. 4.3 Between 1952 and 1978‚ the average annual growth rates of GDP and population were 6.0% and 1.9% respectively. Then how to calculate the average annual growth rate of GDP per capita? 4.4 China’s GDP measured at current or official exchange
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Barriers to entry: In theories of competition in economics‚ barriers to entry are the obstacles and hindrances that make it difficult for a company to enter a given market or industry. The most common barriers to entry include government regulation and economies of scale‚ but nowadays it is increasing for entry barriers to be viewed as a cost. Stigler defined barriers to entry as “A cost of producing which must be borne by a firm which seeks to enter an industry but is not borne by firms already
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that conflict with the owner’s goals of maximizing shareholder wealth. Potential conflicts occur when managers seek to maximize their own utility at the expense of the firm’s shareholders. Conflict between owners and managers typically arise from choice of effort‚ perquisite taking ‚ differential risk exposure‚ differential horizons and overinvestment. The text uses the Baan brothers and R. Johnson of RJR Nabisco as examples to illustrate owner-manager conflicts that ultimately led to the failure
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The Three Basic Economic Questions 1. What to Produce? what items to produce and how much of each item to produce using its productive inputs in the most efficient manner. 2. How to Produce? one the decision has been made regarding what to produce. each country must choose which resources productive inputs will be used and in what combinations 3. For Whom to Produce? should the productive outputs be distributed based on social customs‚ personal wealth and ownership‚ or mandated by the government
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FINAL EXAM: QUESTIONS 1. Which core part of an operating system provides essential services? a. Service b. Driver c. Kernel $ d. Module 2. Which among the following is the process of proving that provided identity credentials are valid and correct? a. Identification b. Authentication $ c. Authorization d. Nonrepudiation 3. The ability to run a backup is an example of which Windows feature? a. Permission b. ACL c. Capability d. Right $ 4. Which among the following is the best reason to
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Macro Final Exam Chapter 10: The Money Systems What assets are considered “Money”? What are the functions of money and the types of money? * W/o money‚ trade would require barter > Exchanging one good/service for another * unlikely occurrence that two people e/ have a good that other wants * 3 functions * Medium of exchange: an item buyers give to sellers when they want to purchase g/s * Unit of account: the yardstick ppl use to post prices & record debts * Store
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Dear Students This is a gentle reminder about the Final Examination of AF3110 Intermediate Accounting 1. Details of the Final Examination are as follows: ‐ Date: 8 December 2014 (Monday) ‐ Time: 7 pm – 10 pm (3 hours) ‐ Venue: SH2‚ Sports Hall 2‚ Kwong On Jubilee Sports Centre (Communal Building) ‐ Scope: All Lessons ‐ Format: Closed book examination ‐ Question type: Essay (31.5%)‚ Computational (25%) and Journal Entries (43.5%) Additional Instructions: You are reminded to study all teaching materials
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institutions to provide the public the quality service they deserve. To be competitive enough in adapting to the changing environment and to improve quality service‚ automation should be employed on every educational institution. With the manual examination checking in BSU – Lipa Campus‚
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Prominence in the field of study and experience D. Expertise and accuracy 8) Which of the following is the most reliable source of information? A. Wikipedia® B. A blog C. A book recommended by your instructor D. Britannica Online® BCOM 275 Final Exam 9) Consider the following exchange: “How do I know God exists? How do you know he doesn’t?” Which fallacy does the second statement illustrate? A. Perfectionist fallacy B. Slippery slope C. Misplacing the burden of proof D. Inconsistency
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CHAPTER 12 Fiscal Policy A. Short-Answer‚ Essays‚ and Problems 1. Give a brief definition of fiscal policy? What are its economic goals? 2. What is the Council of Economic Advisers? 3. “The Employment Act of 1946 is no more than a vague and ill-defined commitment by the Federal government to assist in the achievement of full employment.” Do you agree? Explain. 4. Explain the effect of a discretionary cut in taxes of $40 billion on the economy when the economy’s marginal propensity to consume
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