Practice Test # 3 Useful formulas/expressions: (1) MPC = ∆ C / ∆ DI or ∆ C / ∆ YD & MPC + MPS = 1 (2) Exp. Multiplier = 1/(1-MPC) ∆GDP = Exp Mult. * ∆AE (3) Δ AE = Δ Income * MPC (4) DD Multiplier = 1/rrr ∆DD = DD Mult. * ∆Reserves Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Long-run full-employment equilibrium assumes: a. a downward-sloping production function. b. a downward-sloping long-run supply curve (LRAS)
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EC370‚ Midterm I‚ Practice Questions 1. If she spends all of her income on uglifruits and breadfruits‚ Maria can just afford 11 uglifruits and 4 breadfruits per day. She could also use her entire budget to buy 3 uglifruits and 8 breadfruits per day. The price of uglifruits is 6 pesos each. How much is Maria’s income per day? a. 115 pesos b. 105 pesos c. 114 pesos d. 119 pesos 2. Bella’s budget line for x and y depends on all of the following except a. the amount of money she has
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BQOE II FUNDAMENTALS OF MICROECONOMICS Munzarina Ahmad Samidi Norehan Abdullah Jamal Ali Zalina Mohd. Mohaideen Project Directors: Prof. Dr. Mansor Fadzil Prof. Dr. Shaari Abd. Hamid Open University Malaysia Munzarina Ahmad Samidi Norehan Abdullah Jamal Ali Zalina Mohd. Mohaideen Universiti Utara Malaysia Wan Azman Saini Wan Ngah Universiti Putra Malaysia Lilian Kek Siew Yick Open University Malaysia Module Writers: Moderators: Translated & Edited: Pearson (M) Sdn. Bhd. Compiled
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1 Describe the McVitie’s product range. Outline the range of their different products( See website for details of their current products) McVite’s have a great product range which they sell different type and different taste of products and they are : Jaffa Cakes Digestives Medley Hobnobs Mcvities Breakfast biscuits Rich tea These products are mainly sweet product and its mainly on teenager and other people. 2 Describe the specific product features of 4 different Mc Vitae’s products (type
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Session 2010/2011 COURSE OUTLINE ATW395 (ATP393) – INTERNATIONAL BUSINESS (PERNIAGAAN ANTARABANGSA) Lecturers: 1. Dr. Shankar Chelliah‚ DBA Room/Tel: Building L10‚ Room L02‚ 04-653 3888‚ ext 5282 E-mail: shankar@usm.my 2. Dr. Yusliza Mohd.Yusoff‚ Ph.D Room/Tel: Building E47-C-3-04‚ Graduate School of Business‚ 3rd Floor‚ 04-653 2909 E-mail: yusliza1977@yahoo.com 1 COURSE SYNOPSIS The course aims to introduce the core body of knowledge in international business. There are new realities
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Arthur argues that singer does not reflect on the concept of entitlement and demands an overhaul of our moral code. When Arthur speaks about entitlement he states that if one is choosing to refuse to help someone one must show the unpleasantness that it would bring to himself and his family or you must consent. Arthur further goes on to state that if the farmers grows his own food he should be entitled to keep it for himself‚ because he earned it. That he should not be obligated to give what he
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University of Plymouth Plymouth Business School School of Management Stage 3 2012-2013 ECN308: Business Management Module leader: Neil Brooks (CKY233A)‚ tel (01752) 585606 e-mail: neil.brooks@plymouth.ac.uk Module leader (Singapore) Full-time class: Yeo Ai Ling (ai_ling_yeo@yahoo.com) Part-time class: Kelvin Yeow (mid7ield@hotmail.com) Introduction This final year module is a ‘capstone’ for the Business Administration programme. The
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CHAPTER 1 INTRODUCTION 1.1 DISCIPLINE OF ECONOMICS THEORY There are two different categories concerning economic behavior‚ the micro economics and macro economics. Micro economics The study of economic behavior of individual making units such as producer‚ consumer‚ household‚ and firms. Macro economics The study of economic system as a whole or on the basis of aggregate such as consumer price index‚ inflation rate‚ national income and unemployment level. 1.2 DEFINITION OF ECONOMICS
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In Robert Kagan’s‚ The World America Made‚ he provides meticulous opinions and a considered perspective on how the world might be completely different than it is today if the United States didn’t exist. Due to a subject one should be familiar with‚ this work is an exquisite resource to students‚ teachers‚ and anyone who cares the slightest bit about the country. Throughout the book‚ Kagan makes arguments about how other countries wouldn’t be as successful as they are today and that there would be
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is between “macroeconomics” and “microeconomics.” The motivating force for the change came from the macro side‚ with modern macroeconomics being far more explicit than old-fashioned monetary theory about fluctuations in income and employment (as well as the price level). In contrast‚ no revolution separates today’s microeconomics from old-fashioned price theory; one evolved from the other naturally and without significant controversy. The strength of microeconomics comes from the simplicity of its
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