SI THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF ECONOMICS SESSION 2‚ 2009 ‚. ECONllOl MICROECONOMICS I FINAL EXAMINATION TIME ALLOWED - 2 HOURS THIS PAPER IS WORTH 50% OF THE TOTAL SUBJECT MARK This examination paper consists of two parts - Part A and Part B Part A consists of 30 multiple choice questions each worth one (1) mark. Answer all the questions in Part A on the answer sheet provided‚ using pencil only: (a) Print your student number‚ name and initials in the space provided
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Economics Exam Notes Micro Economics DEMAND The nature of markets • A market is where buyers and sellers come together to carry out an economic transaction The law of demand • The law of demand states that “as the price of a product falls‚ the quantity demanded of the product will usually increase‚ ceteris paribus” o Ceteris paribus is an assumption that means “all other things being equal” The demand curve The non-price determinants of demand • There are many factors that determine
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Chapter 1 7. Indicate whether each of the following statements applies to microeconomics or macroeconomics: a. The unemployment rate in the U.S. was 9.0% in April 2011. Macroeconomics b. A U.S. software firm discharged 15 workers last month and transferred the work to India. Microeconomics c. A unexpected freeze in central Florida reduce the citrus crop and caused the price of oranges to rise. Microeconomics d. U.S. output‚ adjusted for inflation‚ grew by 2.9% in 2010. Macroeconomics
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Definitions of News: “News is any thing which interests a large part of the community and has never been brought to their attention.” – Charles A Dana‚ Editor of the New York Sun News is any new information or information on current events which is relayed by print‚ broadcast‚ Internet‚ or word of mouth to a third party or mass audience. The reporting and investigation of news falls within the profession of journalism. News is often reported by a variety of sources‚ such as newspapers‚ television
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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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It is evident that Roosevelt’s new deal did provide a new deal for the American people in many ways‚ It boosted the agricultural‚ industrial and economic aspect of America while at the same time improving everyday life for majority of Americans . Roosevelt made various changes with in his time in office. He tried to lift the economy out of depression and eliminate the flaws that had caused the crash. He tried to do this by introducing a program which included new legislation and government agencies
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The summer before my junior year in high school‚ my family and I took a trip to a completely new world. Being from a small town‚ I had never really been exposed to the elements of a large city such as New York City. My trip there was like discovering an entirely new way of life that I had only heard stories of previously. For about the tenth time the morning of the flight‚ I checked my room to make sure I didn’t leave anything essential behind. My stomach was doing flips as we arrived at the
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Bibliography: 1. Hart‚ 1995. Firms‚ contracts and financial structure. New York: Oxford University Press Inc. 2. Milgrom and Roberts‚ 1992. Economics‚ organization and management. London: Prentice-Hall 3 4. Sammuelson and Nordhaus‚ 1989. Economics. New York: Mc-Graw Hill. 5 6. Coase‚ 2006. The conduct of economics: The example of Fisher Body and General Motors. Journal of Economics and Management Strategy
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1. A lot of new managers error in selecting the right leadership style when they move into management. Why do you think this happen? Cheryl Khan is a director of catering in New York City. * She must be a responsible director. He’s applying wrong adaptation to his leadership style because she likes to gossip around with the workers or employees. This cannot happen because this can bring grapevine to her life in work. People tend to think that their manager cannot do any work because she likes
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I could no longer wait for the others. I open the blinds to an inspiring view of the one of the most powerful buildings in the city‚ The Empire State building. Finally‚ the beautiful city of New York lay at my fingertips. I had waited my whole childhood for the chance to visit‚ to explore. I grew up seeing New York on the television. I grew up inspired by a city I hadn’t been to but yet‚ I felt so attached. I saw the city in a different light. How an artist sees a painting‚ or how an environmentalist
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