Macro Final Exam Chapter 10: The Money Systems What assets are considered “Money”? What are the functions of money and the types of money? * W/o money‚ trade would require barter > Exchanging one good/service for another * unlikely occurrence that two people e/ have a good that other wants * 3 functions * Medium of exchange: an item buyers give to sellers when they want to purchase g/s * Unit of account: the yardstick ppl use to post prices & record debts * Store
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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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National Cranberry Cooperative Group Members Deepti Anand 12BM60003 Rakesh Rajendran 12BM60009 Vineeth Mathai 12BM60013 Prashant Kumar Singh 12BM60037 Akhil Krishna Gupta 12BM60084 Subramanian S 12BM60088 Dhileeban K M 12BM60107 Process Analysis We start by making a process flow diagram for the flow of berries at RP1 from the moment berries arrive at the RP1 in trucks to the moment they leave in RP1 after being bag packed‚ bulk loaded into trucks or loaded into bulk tins. The capacities
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opinion‚ EVA or RI should be a better method to evaluate the performance of each division separately. Let use EVA to explain the reason of EVA being a better approach. EVA is net operating profit after taxes less the money cost of capital. If the company uses ROI to measure the performance‚ it cannot maximize the shareholder’s value. When there is a project which will increase the value of the company but will decrease the ROI result‚ the manager will cancel it. But if we use EVA method‚ we just
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Tiuana Goodfella Essay 3 An American social entrepreneur‚ David Green‚ recently stated the following: “Let’s face it. The market economy is based on a fundamental deception: I (a company) know how much it costs to make something‚ and I’m going to fool you‚ the consumer‚ into paying as much as possible. I find this assertion false and misguided. While some markets are more desirable than others‚ no one is being fooled into paying as much as possible. In the following essay I will evaluate each
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FINAL EXAMINATION PROGRAMME: MASTER OF BUSINESS ADMINISTRATION (MBA): GENERAL AND TOURISM- YEAR ONE MODULE: ECONOMICS DATE: 21 NOVEMBER 2011 DURATION: 3 Hours EXAMINER: Mr I Govender INTAKE: JANUARY 2011 TIME: 09h00 – 12h00 TOTAL MARKS: 100 MODERATOR: Dr D Mukuvisi INSTRUCTIONS TO THE CANDIDATE: 1. Questions must be attempted in the answer book provided. 2. All queries should be directed to the invigilator; do not communicate or attempt to communicate with any other candidate. 3. You have THREE
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Macro Unit 2 Lesson 1: What is the difference between macro and micro? Federal Debt graph: http://research.stlouisfed.org/fred2/series/GFDEBTN In the circular flow the seller receives exactly the same amount that the buyer buys (exclude tax) In the circular flow diagram‚ how do we account for profits? What happens if there is a disruption in the circular flow diagram? Individuals are concerned with income distribution. (wages) 1 Households C as spenders must consider the following:
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Accounting 4304 Written Assignment Questions for Not-for-Profit Agencies For the agency which you have selected‚ provide the following information: I. Basic Agency Information A Name of organization B Address C Executive Director’s name and title D Does the organization utilize volunteer? If so‚ how many and in what capacity? E Describe geographic area that the agency serves F Is the agency affiliated with a state‚ regional or national organization? If yes‚ provide the following
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mentioned below. Where there is free market enterprise economic forces are unfettered. Supply and demand determine the prices of goods and services. Prices in turn tell businesses what to produce‚ if the people want more of a particular good than the economy is producing the price of the good rises. That catches the attention of new or other companies that sensing an opportunity to earn profits‚ start producing more of that good. If people want less prices fall and competitive producers either go out
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Write the quantity equation and explain it. Money x Velocity = Price x Transactions Money x Velocity = Price x Output This theory seeks to explain how money affects the economy‚ and is based on the fact that money is demanded as a medium of exchange. We can say that price level is a function of the quantity of money in circulation. The transaction version of the quantity theory states that the changes in money supply other things remaining the same‚ brings a directly proportionate change in the
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