https://docs.google.com/document/d/1mB_7Hr3jfMiTmld3gn8SXrgl7PM5iHRonYr8mFQ956I/edit AP Macro Module 1 AP Macroeconomics 1.03 1. a) If I go to the beach‚ the opportunity cost is that I will not be prepared for the exam; likewise‚ if I study for the exam‚ the opportunity cost is that I will not be having fun at the beach. b) If I get a job after high school‚ the opportunity cost is that I will miss out on a college education; likewise‚ if I go to college‚ the opportunity
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FUNCTION | DESCRIPTION | DAVERAGE | Returns the average of selected database entries | DCOUNT | Counts the cells that contain numbers in a database | DCOUNTA | Counts nonblank cells in a database | DGET | Extracts from a database a single record that matches the specified criteria | DMAX | Returns the maximum value from selected database entries | DMIN | Returns the minimum value from selected database entries | DPRODUCT | Multiplies the values in a particular field of records that
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Meaning and Definition: According to Professor J.M Culbertson‚ “macroeconomic theory is a theory of income‚ employment‚ prices and money”. According to P.A. Samuelson‚ “macroeconomics is a study of the behavior of the economy as a whole. It examines the overall level of a nations output‚ employment‚ prices and foreign trade”. Nature‚ Scope and importance of Macroeconomics As a method of economic analysis macroeconomics is of much theoretical and practical importance. 1. To understand the
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Definition of ’Macroeconomics’ The term Macro has been taken from the Latin word Macros which means big. The field of economics that studies the behavior of the aggregate economy. Macroeconomics examines economy-wide phenomena such as changes in unemployment‚ national income‚ rate of growth‚ gross domestic product‚ inflation and price levels. Macroeconomics Concerns Production Prices Income Employment National Production/Output Total Industrial Output Gross Domestic Product Growth of Output
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REPUBLIC OF KENYA MINISTRY OF SCIENCE AND TECHNOLOGY SCIENCE‚ TECHNOLOGY AND INNOVATION POLICY AND STRATEGY March‚ 2008 Vision A nation that harnesses science‚ technology and innovation to foster global competitiveness for wealth creation‚ national prosperity and a high quality of life for its people Mission To mainstream application of science‚ technology and innovation in all sectors and processes of the economy to ensure that Kenyans benefit from a
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Macro-environment Analysis on AirAsia and its effect on Marketing Decision Making | Prepared by Gajanayagam Jeyasundram | | | | This paper looks at a comprehensive macro-economic analysis using PESTEL and how it influenced marketing strategy and initiatives at AirAsia. | Table of Content | Content | 1.0 | Introduction * 1.1 Company Background | 2.0 | Macro-environment Analysis * 2.1 Demographic Factors * 2.2 Economic Factors * 2.3 Natural Factors * 2.4 Technological
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Braden Anderson October 15‚ 2008 Macro-Evolution The theory of macro-evolution is one of the most debated topics in modern day society. Macro-evolution is the changing of one species to another‚ and the Big Bang Theory is tied in with it. Theories such as man evolves from apes and the universe coming from a large explosion‚ called the Big Bang‚ have been debated against creationists who believe in creation from a supernatural being. Evolution‚ I believe‚ is false because it lacks
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FOREIGN POLICY The conduct of foreign policy in Kenya is a prerogative of the Head of State the Chief Executive (President). These powers are rested in the Presidency by section 16 of the Constitution of Kenya‚ Amendment Act No. 28 and in Section 23 of the Constitution. Consequently‚ the Chief Executive is the initiator‚ articulator and director of foreign policy. This applies universally and is not unique to Kenya. The Foreign Ministry’s responsibility is that of advice and execution in consultation
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Country Risk Assessment through Macro level factors: Foreign business operations and investments are affected by societal actions and policies‚ as well as‚ governmental regulations and restrictions; macro level factors act external to the company and are quite uncontrollable Youtoi must be conscious that these factors do not affect the marketing ability of the concern directly but indirectly the influence marketing decisions of the company. These are the macro level factors that should be obtained
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ENYAKenya Vision 2030 REPUBLIC OF KENYA July - August‚ 2007 This publication is a summary of Kenya’s new long-term national planning strategy‚ officially known as Kenya Vision 2030. The publication briefly states the main goals of the Economic‚ Social and Political pillars that underpin the Vision 2030. It also provides a run-down of major‚ (or flagship) projects to be embarked upon in the Medium Term period of the Vision‚ i.e from 2008-2012. The final version of Vision 2030 will be completed
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