Assignment- 1 Introduction to Micro Economics 1.Will the problem of scarcity disappear over time as standards of living increase? 2.Distinguish between the Real and Financial flows that link product and factor market? 3.Why do we study Micro Economics? 4.Explain how the introduction of Govt. affects the circular flow of economic activity? 5.“Scarcity of Resources is the mother of all economic problems.” Discuss with example. 6.Why can’t you buy anything you want? What is
Premium Supply and demand
The Influence of Technology in Business Angela Mahoney December 23‚ 2010 Technology has changed the way the world operates and conducts business. I remember walking into an office and being impressed at how cool the receptionist was by instant messaging the person I was there to see to let them know I had arrived instead of picking up the phone and ringing their office. She received an immediate reply to have me seated and said the he would be right with me. What was really happening is that
Premium Telecommuting Instant messaging 1916
Explain how the global factors in operations and inventory management can help a business sustain its competitive advantage In order for a business to sustain its competitive advantage‚ it must take into account the global factors influencing operations in association with its inventory management processes. A competitive advantage is defined as a condition or circumstance that puts a company in a favourable or superior business position. Both Crumpler and Coca-Cola have monitored these aspects of
Premium Inventory Management Supply chain
Global 48V Micro Hybrid Market 2014-2018 Micro hybrid vehicles have a start-stop mechanism that automatically shuts down the engine during idling and restarts the engine when the car accelerates. The mechanism reduces fuel consumption and emissions and ensures a better fuel economy. This technology has a potential to save around 15 percent on fuel savings. The 48V micro hybrid vehicle is designed in such a way that it can capture energy from braking and is able to support higher loads such as
Premium General Motors Automotive industry Land Rover
How does the temperature of water affect how fast sugar can dissolve? Predict We will do three different tests‚ dissolving the water in boiling‚ warm and cool water. The sugar in the boiling water will dissolve the fastest. The sugar added to the cool water will dissolve the slowest. Reason According to the state of matter theory‚ the particles in a gas move faster than in a liquid‚ which I will use to infer that the hotter the water is and closer to a gas‚ the faster the particles move. Therefore
Premium Water Oxygen Scientific method
QUIZ ON CONCEPTS OF DEMAND‚ SUPPLY AND MARKET PRICE 1. THE LAW OF DEMAND SUGGESTS THAT AN INCREASE IN THE PRICE OF GOOD X DECREASES THE DEMAND FOR GOOD X. True False [1 pts.] 2. A DEMAND CURVE SHOWS THE [1 pts.] AMOUNTS OF GOODS THAT SELLERS SELL WHEN INCOME‚ PRICES OF RELATED GOODS‚ AND EXPECTATIONS CHANGE. True False 3. AN INCREASE IN THE WAGES OF COAL [1 pts.] MINERS DOES NOT CAUSE A DECREASE IN THE SUPPLY OF COAL. True False 4. THE LAW OF SUPPLY SUGGESTS THAT THE ELIMINATION
Premium Supply and demand
Investigation into How the Concentration of a Reactant Can Affect the Rate of Reaction Aim To plan an investigation that allows me to measure the effect of increasing the concentration of a reactant on the rate of reaction. With the results generated‚ it is also hoped to draw accurate conclusions and explain the results using scientific knowledge. Introduction Some reactions are fast‚ for example neutralisation or burning magnesium in air to produce magnesium oxide. However‚ other reactions can be slow
Premium Chemical reaction
or a blood condition affect children from early on and have sever ramifications on their lives from birth. Other conditions may appear later‚ such as asthma‚ which children are more susceptible to if they live in areas where the air condition is poor‚ they live in damp conditions or whose parents smoke. These conditions and many others have an effect on a child’s development as feeling unwell can make them less inclined to play‚ or their condition may restrict what they can do. Children with such
Premium Developmental psychology Childhood Learning
International Business is when corporations conduct business within in the global market. In order to be successful‚ international business requires a great deal of strategy. It is important to understand not only the political‚ cultural‚ monetary aspects but also the basics of labor forces and how they influence international business. Labor Quality Labor quality is an essential component to consider. Prior to finalizing business contracts and moving to expansion‚ the labor force should be analyzed
Premium Employment Trade union Collective bargaining
Assignement #1 – Micro and macro functions of the law In my work I’m going to talk about the micro and macro function of a law and I will apply my knowledge of them on the case between Sophie Hess and Antoinette Royan. Micro and macro functions of the law In a law system‚ we can distinguish between micro and macro functions of a law. Both of them play very important role in a law system. “The interactions and relationships between law and each of these orders are very important and complex” .
Premium Property Law