Question 1 A. Identify each of the following as either a positive or a normative economic statement: a. The high temperature today was 37 degrees. b. It was too hot today. c. Other things being equal‚ higher interest rates reduce the total amount of borrowing. d. Interest rates are too high. B. In order to attract Muro John to the position of CEO of GMO Tz Seed Company Inc. Muro is given the following package (a) a signing bonus of $200‚000. (b) In addition to his salary Muro will be paid
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Philippines Economy To Survive Haiyan Despite a terrible human toll‚ Haiyan is unlikely to derail the nation’s impressive economic performance. By Anthony Fensom Asia’s “strong man” economy of the Philippines is considered tough enough to weather the effects of Typhoon Haiyan. Yet even after the deadliest typhoonin the nation’s recorded history‚ analysts have warned of potentially worse storms ahead. After making landfall on November 8‚ Haiyan (known as Yolanda in the Philippines) flattened dozens
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all-round development of the students. So it is logical to think that extracurricular activities are the integral part of educational system. Although researchers agree that extracurricular activities do‚ in fact‚ influence academic performance‚ the specific effect that various activities produce is debated. One study‚ conducted by the National Educational Longitudinal Study‚ found that “participation in some activities improves achievement‚ while participation in others diminishes achievement” (Broh
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Economics Assignment Effect of Commonwealth Games on Indian Economy The Commonwealth Games (CWG) is an international multi-sport event which involves athletes from the Commonwealth of Nations. The Commonwealth of Nations which is referred to as Commonwealth was formerly known as the British Commonwealth which is an inter-governmental organization consisting of fifty-four independent member states out of which two -Mozambique and Rwanda were before a part of the British Empire. The objective of CWG
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Determining the factors that influence an industry is a basic step to analyse the study which helps to develop competitive advantage in the market. Through potters generic strategies it can be analysed how British petroleum differentiate in the market as compared to its competitors which makes an appeal to their valuable customers on the basis of their quality‚ innovation and responsibilities achieved.Analysis of the Competitive Environment of British Petroleum This paper is basically about the
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Macroeconomics Basic economics concepts Basic economics problems Production possibilities curve INTRODUCTION Economics is one of the oldest disciplines among the humanities and is categorized as a social science. Economics examines and analyses the economic activity of people in order to satisfy their needs and desires. Human wants are the starting point of economic activity and provide the basis for economics. Generally‚ economics deals with the economic problems of individuals
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and foremost‚ both of these terms mentioned are sub-categories of economics itself. As the names of ‘micro’ and ‘macro’ imply‚ microeconomics facilitates decisions of smaller business sectors‚ and macroeconomics focuses on entire economies and industries. These two economies are mutually dependent‚ and together‚ they develop the strategy for the overall growth of an organization. They are the two most important fields in economics‚ and are necessary for the rise in the economy. Microeconomics focuses
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governments. a. Define scarcity as a basic condition that exists when unlimited wants exceed limited productive resources. b. Define and give examples of productive resources (factors of production) (e.g.‚ land (natural)‚ labor (human)‚ capital (capital goods)‚ entrepreneurship). c. List a variety of strategies for allocating scarce resources. d. Define opportunity cost as the next best alternative given up when individuals‚ businesses‚ and governments confront scarcity by making choices. SSEF2
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Activity 4.6 - End of Module Questions and Analysis 1. What major trends are occurring in software? What capabilities do you expect to see in future software packages? Like at first the computers were very hard to maintain. These days software’s have made it very easy to maintain computers. The major trends or changes occurring in software’s they have too much of flexibility‚ now used for daily communication. Also are used for security systems such as use for robbing(hacking). In addition
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the case of capital flight‚ in which mass migration of financial capital is involved. Causes of Brain Drain Normally causes of outflow of talented emigrants for developed market economies are covered in general by means of push-pull model .Push and pull factors regarding brain drain appear to be rooted in the unequal economic development of the emigration and immigration countries. Push Factors Agha Khan Medical University conducted study about the brain drain of (doctors) from Pakistan. As per
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