A "Mixed" Economy A "mixed" economy is a mix between socialism and capitalism. It is a hodgepodge of freedoms and regulations‚ constantly changing because of the lack of principles involved. A mixed-economy is a sign of intellectual chaos. It is the attempt to gain the advantages of freedom without government having to give up its power. Communism | A satellite photo of the Korean peninsula at night. Can you tell which half is Communist and which half is Capitalist? | Communism is a form
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Economy of Vietnam By Adam McCarty Introduction Vietnam has been a country ruled by colonists‚ divided or at war for most of the twentieth century. Unification of the country in 1976 was followed by invasion of Cambodia in 1978‚ and a subsequent brief but violent war with China. This troubled history had profound consequences for economic development in general‚ and attempts to impose central planning in particular. Central planning was imposed upon Northern Vietnam in the 1950s‚ and upon
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inelastic demand function D. None of the statements associated with this question are correct 5. Transactions costs refer to A. Variable costs of labor B. Costs of exchange unrelated to production costs C. Fixed costs of capital D. Economies of scale 6. Economies of scale exist whenever long-run average costs A. Decrease as output is increased B. Remain constant as output is increased C. None of the statements associated with this question are correct D. Increase as output is increased 7
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What is largely fueling the underground economy‚ experts say‚ is the nation’s swelling ranks of low-wage illegal immigrants. The government puts this population at 8.5 million‚ but that may represent a serious undercount. Robert Justich‚ a senior managing director at Bear Stearns Asset Management in New York‚ makes a persuasive case in a forthcoming paper‚ "The Underground Labor Force Is Rising to the Surface‚" that illegal immigrants actually number 18 million to 20 million. If true‚ the economic
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Economies of scale The long run – increases in scale A firm’s efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale‚ but firms can become too large and suffer from diseconomies of scale. As a firm expands its scale of operations‚ it is said to move into its long run. The benefits arising from expansion depend upon the effect of expansion on productive efficiency‚ which can be assessed by looking at changes in average
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Principles of Macroeconomics Midterm 2 Practice Questions 1. GDP (Gross Domestic Product) is … A. the sum of consumption‚ investment‚ government purchases‚ and net exports. B. the market value of final goods and services produced in an economy during a year. C. the market value of final goods and services produced an Economy’s citizens and firms during a year. D. A and B E. All of the above 2. The largest component of GDP is… A. consumer spending. B. private investment. C.
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ECONOMY Since the end of World War II‚ the Philippine economy has been on an unfortunate trajectory‚ going from one of the richest countries in Asia (following Japan) to one of the poorest. Growth immediately after the war was rapid‚ but slowed over time. Years of economic mismanagement and political volatility during the Marcos regime contributed to economic stagnation and resulted in macroeconomic instability. A severe recession from 1984 through 1985 saw the economy shrink by more than 10%‚ and
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Philippines in global map From WEF “Global Competitiveness report 2012-13”‚ key performance indices of Philippines in a global scale is analyzed below: [pic] 0.5% of world-wide GDP share implies Philippines is really an insignificant player in world economy in terms of economic output‚ and 95 millions population‚ about 1.5% of ~7 billion world population‚ means current productivity level is only one third of world average. This is a typical characteristic of developing Asian countries‚ i.e.‚ high population
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1. A lot of people have very different and mixed ideas about Darwin’s theory of evolution. And when brought up in a conversation‚ the atmosphere can get very heated in many cases. However‚ we need not get frustrated about the theory of evolution‚ the thing that we need to do is to educate ourselves‚ and learn more about what this theory really implies‚ and try better to understand what it really means to us. Basically‚ evolution is the change in the inherited characteristics of biological populations over
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of product‚ set specific targets for marketing‚ solution that helps planning marketing and advertising promotion. Sales promotion on the market is one of the most important areas of marketing activity. Promotion of products - is a natural tool of economy and an important regulator of the market system. Synonymous of “promotion” in the broad sense in marketing is the term “marketing communications”. Marketing Communications - one of the sections of the subject "Marketing." The definition of "marketing
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