Economics 247 Assignment 1 Version A This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely. 1. a. 3/3Define opportunity cost‚ and explain its importance in economics. (3 marks) -The opportunity cost of something is what you must give up of one thing‚ in order to get it. Opportunity cost is a key concept of
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BUSINESS COMMUNICATION MODULE 5 CASE METHOD OF LEARNING Chaitra Bocheer K S MBA Dept. BIT 1 CASE: A case is a written account of real or simulated managerial problems‚ dilemmas & situations calling for solutions. Analysis of cases is an exercise in critical understanding of concepts & causes of problems & events. Chaitra Bocheer K S MBA Dept. BIT 2 UNDERSTANDING THE CASE METHOD • • A good case study is based on critical management issues faced by organizations. It does not
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ECONOMICS CHAPTER 1- INTRODUCTION TO ECONOMICS ● Assumed 3 decision makers- consumers (households) – that sell land‚ labour‚ capital & entrepreneurship and firms- that pay rent‚ wages‚ interest and profits (rewards for above factors of production ) firms then use the factors to produce G/S in return for payment from consumer. Govt imposes taxes on individuals and (income tax) and firms (corporate tax) to provide infrastructure and other services to community ● Econon’s 2 basic assumptions
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ECONOMIC HISTORY Only study guide for ECS2608 J. Inggs Department of Economics University of South Africa Pretoria © 2012 University of South Africa All rights reserved Printed and published by the University of South Africa Muckleneuk‚ Pretoria Page-layout by the Department ECS2608/1/2012-2014 iii ECS2608/1/12-14 Contents ECONOMIC HISTORY OF THE WORLD Important topics and specific national examples between the two World Wars Chapter Page 1 HOW THE STUDY GUIDE
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exposure when the currency cannot be hedged Currency Diversification- this can limit the potential effect of any single currency’s movements on the value of an MNC. 3) Compare MNC capital budgeting to domestic capital budgeting. Talk about economic exposure. MNC capital budgeting‚ like domestic capital budgeting‚ focuses on the cash flows of prospective long-term investment projects. They use the same NPV discounted cash flow model. However MNC is more complex because of the following
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1. Research online news services to identify recent developments impacting the accounting and auditing profession in Japan. Briefly summarize these developments in a bullet format. The 5-S auditing. Managerial Auditing Journal It has been recognized that Japanese firms are clean and orderly. The same is true for high quality western firms. Over the last two decades‚ the Japanese have formalized the technique and named it 5-S practice. As the name is new to most western societies‚ the objective
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Economics Answers Define the following terms: 1) Public goods are goods that when produced can be freely consumed by anyone‚ for example the justice system. They are made up of the following goods‚ non-exclusive and non-rival. Non-exclusive goods are goods that people cannot be excluded from consuming‚ it is difficult or impossible to charge for its use which implies no private market as benefits cannot be denied to those who refuse to pay‚ for example public TV. Non-rival goods or
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rationale for allowing two integrated resorts to be built in Singapore. Why was there this change in policy? Question 2: Explain the economic impacts of the integrated resorts. Expected Economic Benefits from Integrated Resorts When the idea of building Integrated Resorts in Singapore was first introduced to the citizens‚ the government measured the expected economic benefits and social problems the Integrated Resorts would bring about. After much consideration‚ the government proceeded to build
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both inflation and unemployment in general as stated in previous studies and some economic theories that deal with these problems and their impact on GDP . According to jordan economy profile in mundi index‚ Jordan’s economy is among the smallest in the Middle East‚ with insufficient supplies of water‚ oil‚ and other natural resources‚ underlying the government’s heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty‚ unemployment
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Timings :1 hour TEST Max.Marks 58 Choose the most appropriate answer from the given options in respect of the following : 1)”Economics is the study of mankind in the ordinary business of life” was given by : a) Adam Smith b)Lord Robbins c)Alfred Marshall d)Samuelson 2)A capitalist economy uses as the principal means of allocating resources a)Demand b)Supply c)Efficiency d)Price 3)The commodity whose demand is associated
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