Economic Expansion 1. Briefly describe Hong Kong’s economy (background‚ GDP‚ growth rate‚ etc.)‚ (20 points) Everything about Hong Kong tells the story of trade. With beginnings as a small rocky island full of fishing villages‚ Hong Kong has grown to become one of the largest cities of trade and finance in the world. Hong Kong had a GDP of $325.8 billion USD in 2010‚ which represents a 6.8% growth from the previous year (“Economy: Hong Kong”‚ 2011). This growth is a nice change from the 2.7% loss
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Introduction The current state of the world economy is quite uncertain. Economic statistics that governments and other financial institutions use to project the economy imply that the world economy is shrinking. Since 2008‚ the state of the American economy has not been attractive. For instance‚ the United States economy has not registered any significant growth for the last three years. The 2011 second quarter results indicated that gross domestic product improved by 1%. At the same time‚ there
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Scarcity and opportunity cost represent two interlinking concepts in economics as companies must often choose among scarce resources. In most cases‚ economic resources are not completely available at all times in unlimited numbers. Therefore‚ companies must make a choice about which resources to use during production. The opportunity cost represents the alternative given up when choosing one resource over another. For example‚ scarcity and opportunity cost have a direct link because companies may
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Economic Imperialism Economic motivation was a key factor behind the nineteenth century imperialism. Imperialism had many factors‚ including The Industrial Revolutions of the 19th century. The Industrial Revolution created new industries and new markets‚ as well as great need for the importing and exporting of goods. Investors and political leaders that were hungry for creating and enlarging their empire were also influential to the imperialism of the 1900’s. New industries that were created
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Expansion and Merger Dr. Elkanah Faux Managerial Economics & Globali ECO 550 February 26‚ 2012 Explain why government regulation is needed‚ citing the major reasons for government involvement in a market economy. If we look into the history of the movie industry we will find that the government intervened in the 1940’s in the movie industry. With that intervention it changed the way movies were produced in some critics’ opinion for the worst. Critics will tell you that the quality
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Economic Forecasting ECO/372 August 20‚ 2013 Robert Stack ECONOMIC FORECASTING The study of macroeconomics demonstrates how individuals purchase‚ sell‚ and use raw materials to drive the economy around the globe. A useful source of data could be attained from the International Monetary Fund (IMF) where a person could gather current or historic data. After the collection of the data a researcher could utilize the International Monetary Funds website to see a forecast of any certain
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Naked Economics Assignment After reading the book‚ please complete the following questions for discussion. Your responses must be typed‚ and they will be collected on the first day of class. Chapter 1: The Power of Markets • What are the two basic assumptions that economists make about individuals and firms? • What is the role and significance of prices in the market economy? • What’s so great about a market economy anyway? Market allocation 3 / Assume rational utility-maximizers 6 /
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(buildings‚ machinery‚ and equipment) used to produce goods and services - kapitál Cost - the amount of money paid or needed for buying‚ doing or producing something - náklady Economic good - a good or service that is both useful and scarce and therefore has a price - ekonomický statek Economics - the study of how people use their limited resources to satisfy unlimited wants - ekonomie Economy - an organized system of the production‚ distribution and consumption of wealth
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Economics of Strategy What are the distinctions among fixed costs‚ sunk costs‚ variable costs and marginal costs? Fixed costs‚ such as SG&A expenses‚ property taxes‚ remain constant as output increases; FC are invariant to output. Variable costs‚ such as labor and sales commissions‚ increases as output increases; VC are variant to output Sunk costs are costs that cannot be avoided; avoidable costs are its opposites; some sunk costs need not be fixed. Marginal costs is the incremental cost
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market value of the firm’s common stock. (True/False) TRUE 7. Which of the following statements best represents what finance is about? C a. How political‚ social‚ and economic forces affect corporations b. Maximizing profits c. Creation and maintenance of economic wealth d. Reducing risk 8. The goal of the firm should be: A a. Maximization of profits. b. Maximization of shareholder wealth. c.
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