Chapter 5: The Open Economy 1. In a small open economy‚ if exports equal $20 billion‚ imports equal $30 billion‚ and domestic national saving equals $25 billion‚ how much are net capital outflows? Answer:–$10 billion NX = capital flows = 20-30 = -$10b 2. In Micronesia‚ which is a small open economy‚ if exports equal $5 billion and imports equal $7 billion‚ what is Micronesia’s trade balance? Answer: Micronesia has a deficit trade
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Identify a current international political or economic issue and write on the cause(s) and impact globally. (500 word limit) 2. Select one project you have worked on in the past and write an evaluation of the strengths and weaknesses of the execution‚ including an assessment of your own contribution. (500 word limit) 3. Identify a key industry leader in Nigeria today and give reasons why you admire this person and outline the person’s contributions to the economy and society. 4
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Economies of scale The long run – increases in scale A firm’s efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale‚ but firms can become too large and suffer from diseconomies of scale. As a firm expands its scale of operations‚ it is said to move into its long run. The benefits arising from expansion depend upon the effect of expansion on productive efficiency‚ which can be assessed by looking at changes in average
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Four Loko The alcoholic beverage formally known as Four Loko began in an Ohio college dorm room as an experiment in 2006. Recently the drink has been banned in most states in America due to deaths and injuries. These tragedies could have easily been prevented if people were smarter and more responsible about their drinking. Four Lokos have been known for their high amount of alcohol and even higher amount of energy drink. Even though Four Lokos may be the best and most fun drunk ever‚ it is
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The Four Loves Chapter 2: Affection (storgé) I. Storgé–“affection‚ especially of parents to offspring” (31) II. Maternal love is gift-love‚ but also need-love: it needs to be needed. (32) Was it Maternal Affection or a more sublime love that kept the Blessed Virgin at her crucified Son’s side? III. Affection attaches itself to what is familiar‚ even if it lacks attractive qualities. (33‚ 32) A. Is often mixed with the other loves‚ e.g.‚ friendship‚ erotic love‚ and seals their gaps. (34–35)
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Scottish Economy Scotland has a mixed economy closely interlinked with the rest of the United Kingdom (UK) and with the European Union more widely. Its Gross Domestic Product (GDP) per capita‚ which stood at £16‚944 in 2005‚ is the 4th highest of the regions and countries of the UK‚ after London‚ South East England and Eastern England. Its annual economic growth in 2006 was 2.2%. The main factors contributing to the Scottish economy are Energy‚ Whiskey and financial services. The
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Name ________________________ Date ___________ Block ___ Electric Currents Review 1) When work is done on a positive test charge to move it from one location to another‚ potential energy ______________ (increases‚ decreases) and electric potential _____________________ (increases‚ decreases). 2) When a positive test charge naturally moves from one location to another (without the exertion of a non-conservative force)‚ potential energy _________________ (increases‚ decreases) and electric potential
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COLOMBIA: INDICADORES ECONOMICOS 2012 COLOMBIA: INDICADORES ECONOMICOS 2012 Economic external factors that may affect the toy’s sells and market performance will be analyzed according to the showed table‚ where most data is relevant and reflex the last fiscal balance in Colombia. Our country is registering a 4.5% economic growth‚ which means that the GDP is growing in a direct proportion‚ statistics from DANE show that the GDP is growing a 2.8% compared to the last quarter. And that GDP growth
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The Four Elements The task of the Gods was to govern the four elements and control the natural forces of the universe “According to the Empedocles‚ a Greek philosopher‚ scientist and healer who lived in Sicily in the fifth century B.C.‚ all matter is comprised of four “roots" or elements of earth‚ air‚ fire‚ and water. Fire and air are outwardly reaching elements‚ reaching up and out‚ whereas earth and water turn inward and downward” (Tracy‚ 1998). The Gods and Goddesses in mythology give nations
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The Four Spheres Tatum Digirolamo Geography 103-02 For centuries‚ humans have been exploring and have discovered that everything in Earth’s system can be placed into one of four major classifications: land‚ water‚ living things‚ or air. These four categories are actually called "spheres." There is the lithosphere‚ which is the land‚ hydrosphere for the water‚ atmosphere meaning the air‚ and lastly‚ the biosphere‚ which is life. These four spheres are all dependent on each other making our entire
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