1. Do all international financial transactions necessarily involve exchanging one nation’s distinct currency for another? Explain. Could a nation that neither imports goods and services nor exports goods and services still engage in international financial transactions? LO1 Answer: The answer is almost certainly a yes. Only in rare cases would you find barter exchanges (goods and services for other goods and services). Yes‚ they could engage in financial transactions (the exchange of assets across
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1. What is the gross domestic product? A gross domestic product is “the total market value of final goods and services produced within an economy in a given year”. 2. Do increases in gross domestic product necessarily translate into improvements in the welfare of citizens? Yes‚ an increase in GDP improves welfare of citizens because if U.S exports are increased it will increase U.S GDP and reduces unemployment in the short run. This would be an improvement for welfare citizens. 3. What is unemployment
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Part 1 of 3 - 100.0/ 100.0 Points Question 1 of 16 10.0/ 10.0 Points Demand is price inelastic if: A.the price of the good responds slightly to a quantity change. B.the demand curve shifts very little when a demand shifter changes. Correct C.the percentage change in quantity demanded is relatively small in response to a relatively large percentage change in price. D.all of the above are true. Answer Key: C Question 2 of 16 10.0/ 10.0 Points If the absolute value of price elasticity
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ECON 1020 Principles of Macroeconomics Assignment 1 Question 1 (10 marks) (a) The relative scarcity of resources makes the operation of any economy a matter of choosing between alternatives.” Explain. The world has limited resources and us‚ as people have unlimited wants. Therefore‚ we must constantly make decisions to choose what we would rather buy or produce and what we must give up in its consequence. This includes work and time. For example‚ studying for an exam late at night would give
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Disclaimer- The ASB Economics Faculty accepts no responsibility for the content of these pages. These notes were created by a past student for their personal revision purposes and as such may contain errors‚ typos‚ outdated statistics etc. Students are advised to read all material critically and for best results‚ to make their own notes based on official ECON lecture slides and notes and the BOF textbook. ECON1102 Macroeconomics Summary otes What is Macroeconomics? Macroeconomics is concerned
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Protecting Against Macro Viruses Marques Tate Rasmussen College This paper is being submitted on February 23‚ 2014‚ for Tina Grezinski’s D181 Excel course. Protecting Against Macro Viruses Many applications‚ such as Microsoft Excel and Word‚ support macro languages. A macro virus attacks these kinds of applications‚ infecting the documents and template files. So if your computer has a macro virus‚ and you use a word template file to make a new document‚ it ’ll also become infected
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to both macro and micro environment:-] | Market research is the function that links the consumer‚ customer‚ and public to the marketer through information | “Marketing environment includes all the forces that directly or indirectly influence marketing operations by affecting an organization acquisition of inputs/creation of outputs such as human‚ financial and natural resources and raw material‚ information‚ goods‚ services or ideas. Sometimes a distinction is more between macro and micro
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The third micro environment is Marketing Channel. AirAsia has cultivated a reliance on Internet innovation for its operational and vital administration‚ and gives an online ticket booking administrations to explorer on the web. Air Asia is utilizing Customer Relationship Management (CRM) as their execution estimation framework. This execution estimation framework is putting client at the heart of the business. It fulfils the client needs and needs. It is technique and procedure of obtaining‚ holding
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When studying ageism it is important to study how social norms contribute to people behavior and interaction on the micro‚ meso‚ and macro levels. On the micro level a person immediate surrounding such as family weigh highly on how people see each other. Within the micro level‚ I defined ageism as multiple-generational of negative dispositions‚ beliefs‚ thoughts‚ and philosophies owned by individuals and families through influences of religious beliefs‚ rituals‚ and family values. Whereas‚ the meso
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In what ways are humans impacting their environment? How can humans make sure that future generations are allowed the same standards of living that they enjoy? How can the Maltese Islands make sure that they safeguard their environment for the future? Environment nowadays is being impacted by lots and lots of human’s absolute carelessness. Nowadays people are not thinking about the future generations and their needs. We’re almost over-extracting resources thus being unsustainable. Over-extracting
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