ECONOMICS FINAL EXAM ➢ TEST 1 1. Which of the following topics typifies microeconomics as opposed to macroeconomics? An individual’s decision about which goods to buy with his or her income. 2. If the number of workers unemployed in an economy decreases‚ then the economy moves from a point inside its PPF to a point closer to its PPF. 3. An economy is said to be efficient if it is not possible to produce more of one good without producing less of another. 4. Technological
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China to put duties on US chicken imports The article centers around anti-dumping tariffs on United States chicken imports. The duties were introduced by China‚ which claims that American poultry firms are exporting the meat at unfairly low prices. The effects are growing trade disputes and accuses between the two countries. Tariffs can be explained as a tax levied on imported goods. Tariffs are a form of protectionism. Tariffs can be ad valorem (percentage of the value of the good that is being imported)
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IRELAND AND ITS ECONOMIC CRISIS Ireland is an independet republic with parliamentary system since 1919.For a generation after Ireland achieved independence from the United Kingdom in 1922 it started being economically self-sufficient.Ireland´s first economy primary relied on agriculture‚exports to the U.K. market and manufactures.Thanks to trade barries such as high Tariffs ‚make its economy successful during this first period. Some relevant periods in the irish economy should be considered
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BIOE 301/362 Name: Exam 2 March 13‚ 2008 The exam consists of 10 questions. Show all work to receive credit. Clearly organize your work and draw a box around your final answers. NEATNESS COUNTS! Good Luck! Problem 1 (5): Problem 2 (18): Problem 3 (12): Problem 4 (15): Problem 5 (8): Problem 6 (12): Problem 7 (12): Problem 8 (18): Extra Credit (4): Total (100): PROBLEM 1: Development of technology
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analysis for Optimal Decisions the correct answers are marked red. 1 Economic theory is a valuable tool for business decision making because it a. identifies for managers the essential information for making a decision. b. assumes away the problem. c. creates a realistic‚ complex model of the business firm. d. provides an easy solution to complex business problems. 2 Economic profit is a. the difference between total revenue and the opportunity cost
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Outlining an IA for IB Economics Plan: I will be only talking about the first part of the article “ China commodity imports soar despite high costs” Identify economic concepts (vocabulary words) that explain content of article Demand for oil and copper Purchases of other commodities imports of unwrought materials raise retail fuel prices China’s crude imports will remain high in the upcoming months as oil firms still have a strong incentive to produce raise crude throughput to a new peak
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Original Article EDITORIAL Airlines‚ Emissions and Europe’s Sensible Plan Published: February 26‚ 2012 The carbon dioxide from airplanes accounts for about 3 percent of the world’s greenhouse gas emissions‚ a share projected to go up as air traffic rises. The European Union is now requiring airlines that fly into or out of Europe to pay a fee for these emissions. This is a smart response to an urgent problem. The United States and the other nations opposing the program should either come
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(001863-018) IB Economics: Internal Assessment COMMENTARY 3 COVERSHEET Commentary number: 3 Title of extract: China lifts fuel price‚ raising inflation concerns Source of extract: BBC Date of extract: 21/02/2011 Word count: 746 words Date written: 20/03/2011 o Section 2: Microeconomics: Sections of the syllabus to which the commentary relates: þ Section 3: Macroeconomics: 3.3‚ 3.5 o Section 4: International Economics: o Section
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Anthony Smith Dominique Dieffenbach ENC1102 – English Composition II 7 February 2012 Who is to Blame for the Economic Crash of 2008? Throughout history there has always been some sort of a class struggle. The rich always seemed to get richer while the poor barely managed to get by. One of the main things that contributed to the ever-expanding gap between the rich and the poor was greed. Whether it was the greed for money or for power‚ greed was certainly a driving force. More recently‚ the
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IB Chemistry Summary- By Paul Li & Silvia Riggioni TABLE OF CONTENTS Table of Contents............................................................................................................................................................ 1 Atomic Theory................................................................................................................................................................ 3 The Electromagnetic Spectrum.............................................
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