Form 6 Economics Unit 2 1 ½ Hours Answer ALL questions 1. Which one of the following constitutes a leakage from the circular flow of income? a. The purchase of a domestically produced good by a domestic company b. The purchase of a domestically produced good by a foreign company c. The payment of value added tax on goods sold to the domestic market d. Government aid to companies in financial difficulties 2. Which of the following is not a reason for a country collecting national income
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must meet two basic concepts of economics these are Microeconomics and Macroeconomics and to get to know these concepts is necessary to know which is the economy and economics is the science that studies human behavior and trade ‚ sales tax‚ receipt of wages‚ credit‚ is the science of the usual business of the above are some definitions that can be found in the economy as such. In this research we can differentiate macroeconomics microeconomics its relationship to the economy to serve both‚ we can
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ECON 281 Fall Term Intermediate Microeconomic theory I University of Alberta XiaoGang Che Chapter One Overview 1. Defining Microeconomics and Macroeconomics 2. Microeconomic Modeling Tools • Constrained Optimization • Equilibrium Analysis • Comparative Statics 3. The Types of Microeconomic Analysis • Positive Analysis • Normative Analysis Chapter One 2 Microeconomics Defined Microeconomics is the study of how individual economic decision-makers such as consumers‚ workers‚ firms
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Life Isn’t Multiple Choice Were you ever forced into taking a standardized test? If so‚ you are aware of all the test preparation you have to go through and all of the pressure you feel. “Standardized tests are tests in which all the questions‚ format‚ instructions‚ scoring and reporting of scores are the same for all test takers‚” (Standardized Tests: Terms and Definitions‚ 1). There is a lot of controversy and questions being asked pertaining to the tests because many teachers‚ students‚ and parents
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Production–possibility frontier In economics‚ a production–possibility frontier (PPF)‚ sometimes called a production–possibility curve‚ production-possibility boundary or product transformation curve‚ is a graph that compares the production rates of two commodities that use the same fixed total of the factors of production. Graphically bounding the production set‚ the PPF curve shows the maximum specified production level of one commodity that results given the production level of the other. By
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THE IMPORTANCE OF MICROECONOMICS 1. New Businesses o Entrepreneurs create businesses by purchasing and utilizing factors of production. In order to estimate the potential return on investment (ROI) of those factors of production‚ entrepreneurs must have a basic grasp of microeconomic concepts: supply‚ demand‚ cost‚ profit. Without such a grasp‚ it is impossible to know how much a particular good can be sold for in a particular area. Furthermore‚ without a grasp of costs and earnings
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Multiple Choice Questions 1. The stated interest payment‚ in dollars‚ made on a bond each period is called the bond’s: A. coupon. 2. The principal amount of a bond that is repaid at the end of the term is called the: B. face value. 3. The specified date on which the principal amount of a bond is repaid is called the: C. maturity. 4. The rate of return required by investors in the market for owning a bond is called the: D. yield to maturity. 5. The annual coupon divided by the face
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Introduction Demand Supply Market Supply and Demand 2.301 Microeconomics Cohort 1.1 Term 4‚ 2013 Continuous Double Auction Market Introduction Demand Supply Market Supply and Demand Welcome!! Continuous Double Auction Market Introduction Demand Supply Market Supply and Demand Continuous Double Auction Market Introduction • Microeconomics is the study of how individuals and firms‚ assumed to be self-interested‚ make constrained decisions
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(93.3%) Assessment Time: 19 minutes | Question 1: | A ________ cost of choosing to attend a concert is not only the out-of-pocket $ $ $ cost‚ but also the “opportunity cost” (lost wages or maybe extra sleep). Every activity we undertake requires us to not pursue other opportunities. | Type: | Multiple Choice | Points awarded: | 1.00 / 1.00 | Your answer(s): | •real | Correct answer(s): | un-real book keeping real fantasy | | Question 2: | There is much _____________ among economists
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1.0 Introduction A company geared for success and profitable growth needs a foundation of values‚ expertise and experience that encompasses both its history and the people who make it what it is: the company’s employees‚ shareholders and customers. And there will have statistics from the annual report and also the analysis. This report will help you on the financial analysis of David Jones Limited. We are using the annual report of 2012 to check whether or not it is a safe and reasonable for investor
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