I do not own any rights. This is from my school book. Chapter 1 – What Is Economics? A Definition of Economics Our inability to satisfy all our wants is called scarcity. The choices that we make depend on the incentives that we face. An incentive is a reward that encourages or a penalty that discourages an action. Economics is the social science that studies the choices that individuals‚ businesses‚ governments and entire societies make as they cope with scarcity and the incentives that
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WHAT IS INFLATION? INFLATION IS THE LONG TERM RISE IN THE PRICES OF GOODS AND SERVICES CAUSED BY THE DEVALUATION OF CURRENCY. CAUSES OF INFLATION: • So what exactly causes inflation in an economy? There is not a single‚ agreed-upon answer‚ but there are a variety of theories‚ all of which play some role in inflation: 1. THE MONEY SUPPLY • Inflation is primarily caused by an increase in the money supply that outpaces economic growth. • Ever since industrialized nations moved away from the gold
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Complete first part of slideshow Aggregate Expenditure (AE); AE = C + I + G + X – IM I‚ G and X: autonomous expenditures Do not change with change in national income (Y) C and IM: induced expenditures Change with changes in national income (Y) Simple case: Only at C and I No government No foreign sector AE = C + I [C] Keynesian consumption function: Relationship between C and variables that influence it In simple case: C is influenced by disposable income Desired Consumption Expenditure
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Week 3 Homework 1. Some Classical and Monetarist economists claim that inflation is always a "monetary phenomenon." What do they mean by this claim and are they correct? They use the equation MV=PQ to show that any change in the amount of money in a system will change the price level. I believe that history shows they are correct‚ if the Fed reserve started printing a bunch of money without taking any out of circulation‚ then prices would go up for everything. 2. How can a higher price of oil create
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1. What are your chosen company’s marketing principles? Is this company trying to provide superior quality/value products‚ to have excellent services‚ to be innovative‚ to have a valuable brand name‚ or to understand competitors / consumers through market research capabilities... etc? How and where do you find this information*? You can find this from company’s mission statement‚ advertising slogans‚ and other places (e.g.‚ company’s website‚ information for investors‚ leaflets). *This is where
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------------------------------------------------- INDEX Sr. No. | Title | Page No. | 1 | Environment | 1 | 2 | Atmosphere | 3 | 3 | Hydrosphere | 8 | 4 | Lithosphere | 13 | 5 | Biosphere | 21 | 6 | Interdependence Between The Four Spheres | 26 | 7 | Human Impact On The Environment | 32 | ------------------------------------------------- ENVIRONMENT The geographical conditions that surrounds the man on the earth is known as environment. The landforms‚ water‚ climate‚ natural vegetation‚ minerals‚ etc
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their own unique set of challenges in their education‚ which they needed to overcome to become a good learner. However‚ learning in an intercultural environment such as Divine Word College is challenging because of the diversity as “each student is a unique person” (Michelle Forman). Students may find it difficult to adapt to the type of environment DWC has because of its strong ties to religious formation. Hence‚ having professional learners to guide students is important as they continue their
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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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To be effective in analysing and evaluating strategies I will require to establish and maintain a positive learning environment (PLE) within my lessons‚ I will first establish what constitutes a PLE through my own understanding including further research. I will then go on to analyse and evaluate the strategies I will use‚ focusing on the overarching ideas of behaviour management (BM) and expectations‚ safety and assessment. I will link these to the Teachers Standards (TS) throughout. A PLE‚ echoing
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(soon-to-get) MBA degree a form of Capital? The (soon-to-get) MBA degree is a form of capital from the perspective of knowledge and skills that is has allowed us to harness. While simultaneously being employed allows us to practice our learning in office environment from Business communication to CSR our (soon-to-get) MBA degree has covered it all. Amount of investment (fees for MBA) is the quantifiable basis that we would Capitalize and accrue dividends (benefits in our work life) in the form of accelerated
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