Page 1 of 22 © IMM Graduate School of Marketing Good Answer Booklet MAC/ECO101 Page 2 of 22 Note: These answers were written by students under examination conditions. Whist it may be possible to find fault with some of the answers‚ keep in mind that they satisfied the examiners about the student’s knowledge and ability. © IMM Graduate School of Marketing Good Answer Booklet MAC/ECO101 Page 3 of 22 MACROECONOMICS (MAC) ECONOMICS 1 (ECO101) 24 OCTOBER 2012 SECTION A (40 MARKS)
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Ashley Schappe “The Enemy Within” Christine M. Kreiser Article Review #1.2 “The Enemy Within” by Christine M. Kreiser provokes the challenge faced with the Spanish outbreak in 1918 with the Influenza flu. It was a global crisis because from September 1918 and June it pandemic killed 675‚000 Americans. In this article‚ the author examines the castrophe and the mostly futile efforts to combat it. This disease provokes the alarm that influenza affected mainly healthy people who are young‚ whom
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Chapter 3 Consumption and Investment Consumption (C) and investment (I) Since we are more concerned with two sector model in our course‚ we will discuss about consumption and investment. In a two sector model‚ a simple but an imaginary assumption of no government and no foreign trade is made. Here Yd =C+S or Yd =AD (aggregate demand) This also implies that C+S=C+I Consumption Introducing you with: (Think yourself in advance) What is consumption? What is consumption function
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Environmental Science Essay Air Pollution Pollution and How It Affects Elements within an Environment Harry Bond III Everest University The Earth is entirely surrounded by a blanket of air which is called the earth’s atmosphere. The atmosphere allows human‚ plants‚ and all the earth’s creatures big and small to exist. The atmosphere protects the earth and without it the heat from the sun would burn all that is exposed to its rays
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The first instance of humor within the story occurs when an unsuspecting cat gets its head caught in an upturned jug‚ and struggled to free itself. As a result the residents of the block mistake the hysterical cat for a thief‚ and later‚ a spirit. Here Narayan uses dramatic irony as the reader is aware of the fact that the devilish creature’ haunting the store is‚ in fact‚ a cat‚ while the characters do not. Thus‚ one views the resident’s reactions as naïve and comically exaggerated. Furthermore
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Macro vs. Micro Management Macro vs. Micro Management The role of manager is an important position of supervision in any organization. The supervisor/manager plays a key function‚ in the day to day needs of the organization‚ by finding a balance of work efficiency and managing personnel. This balance becomes even more prevalent when assigning projects or interacting with subordinates. This paper will analyze several aspects or pitfalls‚ managers could find themselves involved in; and
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Running Head: MICROSOFT AND IBM FINANCIAL PERFORMANCE Microsoft and IBM Financial Performance Team E Managerial Finance I FIN/475 University of Phoenix Rene Niese April 7‚ 2008 Microsoft and IBM Financial Performance Introduction Team E has been charge with the task of preparing an analysis to evaluate Microsoft and IBM’s financial performance. This will be done by using trends‚ financial ratio analysis‚ and the firms’ most recent statements of cash flow. Team E will evaluate
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Macro Environment Forces An organization’s macro environment consists of nonspecific aspects in the organization surrounding that have the potential to affect the organization’s strategies. When compared to a firm’s task environment‚ the impact of macro environment variables is less direct and the organization has a more limited impact on these elements of the environment. Macro environmental variable include socio-cultural‚ technological‚ political – legal‚ and economic. A firm considers
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1. Two economists‚ Smith and Jones‚ are discussing the currently high unemployment rate. Smith says that something ought to be done quickly because the economy may not be able to restore itself to full employment. Jones says that it is better to take a "hands-off" approach. Which of the following is most likely to be true? a. Smith and Jones are most likely both Keynesian economists with a few minor differences of opinion. b. Smith and Jones are most likely both classical economists with a few
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The conflict perspective views society less as a cohesive system and more as an arena of conflict and power struggles. Compare and contrast the main tenets of the functionalist and conflict perspectives. “The conflict perspective views society less as a cohesive system and more as an arena of conflict and power struggles”. This perspective was founded by sociologist Karl Marx (1818-1883) and serves to introduce the concept that “inequality and specifically inequality under capitalism” exists
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