is first necessary to know what is obtainable. The PP curve shows the options that are obtainable‚ or simply the production possibilities. What is obtainable is based on the following assumptions: 1. The resources available are fixed. 2. The technology remains unchanged. 3. The resources are fully employed. 4. The resources are efficiently employed. 5. The resources are not equally efficient in production of all products. Thus if resources are transferred from production of one good to another
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Centre Number For Examiner’s Use Candidate Number Surname Other Names Examiner’s Initials Candidate Signature Question General Certificate of Secondary Education June 2012 Mark 1 2 3 Design and Technology: Food Technology Unit 1 45451 5 6 Written Paper Wednesday 16 May 2012 4 TOTAL 1.30 pm to 3.30 pm For this paper you must have: a black pen‚ a pencil‚ a ruler‚ an eraser‚ a pencil sharpener and coloured pencils. Time allowed 2 hours
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Abstract The important aspect of contemporary financial analysis is the relationship between stock price movements and variations in macroeconomic aggregates. The paper examines the role of macroeconomic variables on Dhaka Stock Exchange (DSE) stock returns movement in Bangladesh. In this paper‚ the analysis is conducted by using monthly data for the period span from January 2009 to December 2012. All data are collected from Dhaka Stock Exchange‚ Internet. Five macroeconomic variables have been
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ECO 162 Microeconomics Title : Minimum wage will cause unemployment‚ inflation‚ say employers‚ economists Group: JBM1123u Group Members: Muhammad Asyraff bin Ab Hamid 2010357469 : Mohamad Lukman bin Abd. Manaf 2010114997 : Muhammad Faiz bin Mustafa 2010504183 Lecturer: Miss Diana binti Mazan Executive Summary Minimum wage policy will lead to surging unemployment‚ “black market” labour and inflationary pressure
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Economics 370 Microeconomic Theory Problem Set 6 Answer Key 1) Describe the effects on output and welfare if the government regulates a monopoly so that it may not charge a price above p‚ which lies between the unregulated monopoly price and the optimally regulate price (determined by the intersection of the firm’s marginal cost and the market demand curve). As usual‚ the monopoly determines its optimal output on the basis of MR = MC. Here‚ however‚ it cannot charge a price in excess of p*. So
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Market Failure Market failure can be defined as give full play to the market mechanism but still cannot achieve social welfare maximization. Market failure was caused by the free market fails to allocated resources in an optimum and efficient manner. Type of market failure can be divided into three types; there are externalities‚ public goods and non-competitive behavior. Externalities is part of the interests of people’s economic behavior cannot be classified for their own enjoyment of‚ or part
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Contemporary Economic Analysis: Written Assignment The Impact of a Reduction in Sunday Penalty Rates for Casual Employees on the Price Mechanism The Australian Financial Review recently published an article titled “Sunday penalty rate to be cut to 50pc” (Dunckley 2014). In summary: A Fair Work Commission ruling has reduced the 75% penalty pay rates for casual employees in Australia who work on Sundays to 50%. Penalty rates
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Macroeconomics‚ 12e (Gordon) Chapter 2 The Measurement of Income‚ Prices‚ and Unemployment 2.1 Why We Care About Income 1) Job openings are plentiful when the A) actual real GDP is above the natural real GDP. B) natural real GDP is above the actual real GDP. C) natural real GDP is increasing rapidly. D) None of the above. Question Status: Previous Edition 2) The real income per capita is a measure of the A) well-being of every individual in the nation. B) well-being of the average individual
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CONCORDIA UNIVERSITY Department of Economics ECON 201 Instructor: Ivan Tchinkov Exam duration: 60 min. SAMPLE MIDTERM EXAMINATION WITH ANSWERS Version 1 Instructions: 1. Write your answers on the IBM SHEET ONLY. 2. Use a PENCIL. 3. Put your NAME and ID on the IBM sheet. 4. Put the EXAM VERSION on the top right corner of the IBM sheet. Multiple Choice Questions (2 marks each). 1. Which of the following statements is correct for a society that emphasizes the production
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------------------------------------------------- INTRODUCTION How important technology is? Is it necessary to make it a part of schools? Read on to know all about the importance of technology in schools.The information society challenges the education system. In recent years‚ the speedy‚ effective and global communication of knowledge has created a new foundation for co-operation and teamwork‚ both nationally and internationally. The increasing role played by information technology in the development of society calls for an active
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