ECON 2020 A Mid-Term Examination I - SOLUTIONS Instructor: Derek Olmstead Note: Non-programmable calculators permitted Summer 2012 Duration: 105 minutes Total marks: 20 points Part A: Short-answer questions [3 points each] Note: Use diagrams and/or equations to explain your answer. I. Explain the difference between diminishing total returns to labour and diminishing marginal returns to labour. Diminishing returns to labour means that an increase in the number of labour units
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Economics and financial management consist of two major components: microeconomics and macroeconomics. These two components are interchangeable and act as the foundation to the core concepts to understanding the enormous arena of the financial world. Macroeconomics can be defined in several business terms‚ but simple put‚ it is the branch of economics that studies the economy of consumers or households or individual firms. Microeconomics basically deals with the choices and assessments made by businesses
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various guidelines for the banking sector of the country. A sound banking system is important for smooth development of banking system. It can play a key role in the economy. It gathers savings from all over the country and provides liquidity for industry and trade. In 1957 A.D. Industrial Development Bank was established to promote the industrialization in Nepal‚ which was later converted into Nepal Industrial Development Corporation (NIDC) in 1959 A.D. Rastriya Banijya Bank was established in 1965
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Family Name First Name ………………................ …………………………. Student Number ……………………….. List Number Table Number ………………………… …………………………. COM 110 Introduction to Business Information systems Prof. Mohamed Watfa AUTUMN SESSION 2010 SAMPLE MIDTERM EXAMINATION Time Allowed: 1.5 Hours Total Number of Questions: 25 Total Number of Pages (incl. this page): 9 DIRECTIONS TO CANDIDATES 1. 2. Total marks: 100 Answer ALL questions from parts 1 and 2. Part 1 contains 20 questions for a total
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services are produced and distributed through free markets. DISTINGUISH BETWEEN A CAPITALIST ECONOMIC SYSTEM AND SOCIALIST ECONOMIC SYSTEM. CAPITALIST SYSTEM SOCIALIST SYSTEM Capitalist economy system is an economic system in which the ownership and control of important resources such as industries land and capital are in the hands of the private sector of the economy. Socialist economy system refers to an economic system in which important industries and resources are owned and controlled by the
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Abstract The important aspect of contemporary financial analysis is the relationship between stock price movements and variations in macroeconomic aggregates. The paper examines the role of macroeconomic variables on Dhaka Stock Exchange (DSE) stock returns movement in Bangladesh. In this paper‚ the analysis is conducted by using monthly data for the period span from January 2009 to December 2012. All data are collected from Dhaka Stock Exchange‚ Internet. Five macroeconomic variables have been
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Renewable energy is a microeconomics situation‚ it’s thriving for different type of business‚ and it’s becoming a substantial topic in the United States. Renewable energy is any energy that its source is naturally replenished‚ which is solar‚ wind‚ geothermal or hydroelectric action. There’s another type of source called fossil fuel which is coal‚ oil‚ or gas there are nonrenewable source. Fossil fuels provide energy at a lower cost than renewable energy‚ but fossil fuel is the largest source of
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Sample questions for the Microeconomics Midterm Exam Summer 2013 The exam will cover chapters 1‚ 2‚ 3‚ 4‚ 5 and 6 There will be 100 minutes allowed to complete the exam. You will have three types of questions: multiple choice‚ true or false and explain‚ and analysis problems. True or False and Explain (Remember that there is one mark for True or False and 4 marks for your explanation) 1. Economics is only interested in fairness not efficiency. 2. If the marginal
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©2005 Pearson Education‚ Inc. & ©Y.E.Riyanto Lecture 1 1 Themes of Microeconomics Microeconomics deals with limits that economic agents (consumers‚ workers‚ firms‚ etc) face: Limited budgets Limited time Limited ability to produce How do we make the most of limits? How do we allocate scarce resources? ©2005 Pearson Education‚ Inc. & ©Y.E.Riyanto Lecture 1 2 Themes of Microeconomics Limited resources (constraints) Choices must be made Unlimited
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Southwest Airlines and Microeconomics John Divler Rasmussen College Author Note This research is being submitted on June 14‚ 2010‚ for Mr. Bergeen’s Microeconomics course at Rasmen College by John Divler. Southwest Airlines and Microeconomics Southwest Airlines was created in 1967 and is headquartered in Dallas‚ TX. Southwest offers flights to their passengers to get them to their destinations when they want to get there‚ on time‚ at the lowest possible fare. The advantage that Southwest
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