Summary The retail sector has a major role in the growth of the Australian economy and is the barometer of the economic health of Australia ’s future growth prospects. When the economy is thriving so does the retail industry within an economy – thus‚ the level of demand within the retail industry has a significant impact on other industries as the money within the retail industry goes in a circle complementing the growth of the other industries. The performance of the retail industry is a strong
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Competition is essential to achieve efficiency in any market. In an imperfectly competitive market structure‚ however‚ efficiency is lost. The Economist’s article “Let Mexico’s Moguls Battle”‚ describes the lack of competition in the fixed and mobile phone markets in Mexico‚ shows its effects on consumers‚ and outlines the measures taken to promote competition. Figure 1 Figure 1 Telmex and Telcel abuse the lack of competition in the Mexican fixed and mobile phone markets respectively. These “two
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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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Externality: the uncompensated impact of one person’s actions on the well-being of a bystander Externalities and Market Inefficiency Negative Externalities Ex: aluminum factories emit pollution: for each unit of aluminum produced‚ certain amount of smoke enters atmosphere Cost to society of producing aluminum larger than cost to aluminum producers Social cost includes private costs of aluminum producers plus costs to those bystanders affected adversely by the pollution How can social planner
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| | | need and drives. | | | emotions. | What does a polygraph test measure? Answer | | Intentional lying | | | Facial expressions associated with lying | | | Unconscious deception | | | Patterns of bodily arousal | | | The facial-feedback effect | What are the basic emotions that humans seem
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1. | Jill has called on Marcia’s Cosmetics for several years. She has always been friendly to Marcia but treated the other staff with indifference. When Marcia retired‚ Jill lost the account for what key reason(s)? | | a. | It was time for a new sales representative. | b. | No one knew her. | c. | No one was educated about her products. | d. | Jill’s communication style was different from the new buyer’s. | e. | Jill failed to develop good personal relationships with key people. |
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CHAPTER 1 1. Which of the following would NOT lead to an improvement in the hiring system of an organization? |a. |communicate to the hiring managers about their annoying interview habits | |b. |use scientific methods and efficient selection methods | |c. |determine the motivations of job seekers |
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_____‚ who was critical of the system of slavery‚ was a pioneering feminist. Answer Dorothy Smith Marianne Weber Harriet Martineau Emily Durkheim Patricia Wright Mills 10 points Question 2 This early sociologist helped to found the NAACP and was himself a prominent Black sociologist. Answer W.E.B. DuBois Booker T. Washington Jesse Martin Donald Black
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1. He didn’t pass his driving test. He wishes he _____ it. A) have passed B) had passed C) will pass D) pass 2.I have to work about 80 hours a week‚ so I’m very busy. But if I_____ any spare time‚ I _____ a sport like golf. A) will have / will take up B) had / will take up C) will have / had D) had / would take up 4. He ______ in the library every night for the last two months. A) would be studying B) will have studied C) has been studied D) has been studying 5.A: Would
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Centre Number For Examiner’s Use Candidate Number Surname Other Names Examiner’s Initials Candidate Signature Pages General Certificate of Secondary Education Higher Tier June 2014 Mark 3 4–5 6–7 Mathematics (Linear) 4365/1H H Paper 1 Monday 9 June 2014 9.00 am to 10.30 am For this paper you must have: 8–9 10 – 11 12 – 13 14 – 15 16 – 17 mathematical instruments. 18 – 19 You must not use a calculator 20 – 21 Time allowed 1 hour 30 minutes 22 – 23 TOTAL Instructions Use black
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