ECONOMICS 102 PRACTICE MIDTERM #2 Covered: Chapter 5 Large Open Economy Chapter 7 (No velocity or elasticity) Chapter 9 (No AD/AS model) A. Multiple choice 1. The nominal demand for money is proportional to a. real income. b. the nominal interest rate. c. the nominal interest rate on money. d. the price level. e. None of the above. 2. Lower interest rates increase the real quantity of money demanded a. by changing the distribution of wealth toward the poor‚ who have
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were: A 1. The rapid cost cuttings so as to overcome the largest internal financial crisis in the history of company. 2. The problems of product development and distribution would be sorted out. 3. To reduce the production complexity by attracting large sub contractors. However‚ the deal was not successful and Lego learnt that 1. Outsourced facilities are always not effective and satisfactory. 2. The outsourcing only is not the solution to control and coordinate the increasingly global and complex
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often than not‚ one can tell that artists are relaying a certain theme‚ message‚ or idea within their work of art. By looking at certain aspects‚ such as texture‚ shape‚ and light‚ the viewer of the artwork can try to interpret it (Belton‚ 1996). The Statue of Gudea and The Royal Acquaintances Memi and Sabu are two sculptures made a very long time ago‚ both in B.C. One of the most defining features of a sculpture is‚ of course‚ shape. The whole point of sculpting something is defining the shape into
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In president Roosevelt’s speech “Address on the Occasion of the Fiftieth Anniversary of the Statue of Liberty” he describes the the promise of American as “...a unity in language and speech‚ in law and in economics‚ in education and in general purpose‚ which nowhere finds its match.’’ The promise of America is to have equal opportunity‚ unity‚ and liberty for all those who live in America. But only by the efforts and devotion of those who live in America can we make its freedom safer‚ make it richer
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residence. To receive this loan from Large PLC‚ Bradley signs a contract that uses the house as collateral. Due to the failure of the business‚ Large PLC seeks to obtain the house on its terms. Bradley can defend his home from Large PLC by relying on undue influence‚ misrepresentation by Carlotta‚ equitable doctrine of unconscionable bargains‚ and statutory consumer protection. Legal issues in original scenario There is a legally binding contract between Bradley and Large PLC. An offer of a specific monetary
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Living In A Large City Is Wonderful Living in a large city has numerous advantages for people of all age groups from children to the elderly because of the ready availability of multifarious amenities and services in all walks of life‚ from basics to luxuries. With better living conditions‚ education‚ jobs‚ transportation‚ media and other governmental services‚ people prefer staying in large cities; hence‚ they are largely populated. Children can play and develop learning skills together‚ from
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CASE STUDY Tashtego Advanced Topics in Management Accounting and Control The purpose of this paper is to analyze the economic situation of the company Macedonian Shipping and give a recommendation whether the company should use the motor vessel Tashtego as a freight tender beween Dar-es-Salaam and Zanzibar in East Africa or as a tapioca ship between Balik Papan and Singapore in the East Indies. Fundamental to all these considerations are measurement issues. Financial measures‚ in particular‚ cost
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1. Ad and disad of large family A bigger family gets the advantage of children that are never lonely and have had to share and make friends easily. Big families often have more fun and an excuse to get out more. Children from a big family appreciate their siblings when they are older more then they would when they are younger. However a big family gets the disadvantage of less attention. This might make them frustrated or upset. Siblings don’t always get along aswell! It can be a pain trying to
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Compiled by: Mirza Rohail B http://economicpakistan.wordpress.com/2008/01/27/large-scale-manufacturing/ The manufacturing sector grew at an average rate of 8 percent from the sixties to the eighties‚ but fell to 3.9 percent during the nineties. This was mainly caused by reduction in investment levels due to lack of continuity and consistency in policies. Political instability law and order position in the major industrial centers‚ transport bottlenecks‚ as well as unreliability and inadequate
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Factory gathers resources-workers and capital Building a large factory near my community will improve living standard. When a large factory opens there are always various job opportunities that the people from the community can fill. For example‚ some people may get constructor jobs while others may work in a ready-made factory. This decreases the community unemployment rate. Hence‚ people will have higher income‚ as they will spend more money on food‚ clothing‚ attraction‚ etc. Also
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