businesses sell products and buy resources Which is a normative statement? The unemployment rate of 6.8 percent is too high. The market system is a method of communicating and coordinating economic decisions Property rights encourage investment‚ innovation‚ exchange‚ maintenance of property‚ and economic growth. True In a market system‚ the government owns most of the property resources (land and capital). False An \"innovator\" is defined as an entrepreneur who introduces new products on the
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discouraging effect on price of domestic banana. When Cyclone Yasi crossed the north Queensland coast in February 2011 some 90 percent of Australia’s banana crop was again destroyed‚ with many of the farmers previously affected by the cyclone Larry facing economic ruin (ABC News‚ 2011) These two points prove that both domestic and foreign sellers sell homogenous product (foreign banana and domestic one are close substitute)‚ also domestic banana sellers and consumers are price takers (firm cannot charge a
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Report for: Ford motor company Title: Economics and the Business World Date: 20th December 2012 2012 Table of content Introduction 1) PESTLE Analysis 2) BP Market Structure 1.0 Introduction I am an economist that has recently joined Ford motor company‚ and I have been asked to compile a report to investigating the PESTEL factors which ford are or have been faced with and identifying their main area of concern. This report will also provide a detailed look on the market
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According to The Law of Demand‚ when the price of housing rises and everything else remains the same‚ the
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Economics Definition 1) Scarcity- the limited nature of society’s resources 2) Economics- the study of how society manages it’s scarce resources 3) Efficiency- the property of society getting the most it can from it’s scarce resources 4) Equality- the property of distributing economics prosperity uniformly among the members of society 5) Opportunity cost- whatever must be given up or forgone to obtain some item 6) Rational people- people who systematically and purposefully
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post-war economic miracle The war wiped out many of the gains Japan had made since 1868. About 40% of the nation’s industrial plants and infrastructure were destroyed‚ and production reverted to levels of about fifteen years earlier. The people were shocked by the devastation and swung into action. New factories were equipped with the best modern machines‚ giving Japan an initial competitive advantage over the victor states‚ who now had older factories. As Japan’s second period of economic development
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where they live; and consumers typically have a very limited set of goods to choose from. As a result‚ many of the tools and concepts of microeconomics are of limited relevance in those countries. •macroeconomics Branch of economics that deals with aggregate economic variables‚ such as the level and growth rate of national output‚ inter· est rates‚ unemployment‚ and inflation. Trade-Offs In modern market economies‚ consumers‚ workers‚ and firms have much more flexibilityand choicewhen
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CHAPTER 1 Nature and Scope of Economics Nowadays‚ understanding of economic issues has become quite indispensable for all sections in the society. Everyone wants to get rich; wants to increase their wealth holding; wants to have hold over productive resources; wants to expand their business activities. People want to earn more and more profits‚ and exercise control over the market and other economic system; people want to raise their living standard and enjoy more and more consumption;
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2013年CFA二级培训项目 Economics 何旋 金程教育资深培训师 日期：2012年12月16日 地点： ■ 上海 □北京 □深圳 何旋 ¾ 职称：金程教育资深培训师、通过CFA三级、通过FRM二级 ¾ 授课：主讲CFA一级、二级、三级固定收益、衍生产品，一级、二级数 量分析和组合管理、经济学、职业伦理，FRM一级二级，RFP投资策划 课程等。 ¾ 专业能力：讲课幽默风趣，最擅长的是将复杂问题简单化，通过举大量 实例帮助学员理解复杂问题。金融理论知识扎实，在金融教学中有自己 独到的方法。多年对CFA、FRM、RFP等考试体系的研究使她全面掌握 考试重点，尤其擅长经济学、投资学课程的讲授，能将复杂的理论具体 化，在授课过程中能够从考生角度出发，提供自己在备考过程中的经验 和方法，帮助考生更好的准备考试。 ¾ 客户：摩根史丹利、工商银行、中国银行、瑞穗实业银行、南京银行、 兴业基金、太平洋保险等。 ¾ 联系方法：hexuanf@gmail.com ¾ 微博：何旋katherine 2-94 100% Contribution Breeds Professionalism CFA二级课程框架
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