w w w e tr .X m eP UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level e ap .c rs om MARK SCHEME for the October/November 2007 question paper 9708 ECONOMICS 9708/02 Paper 2 (Data Response and Essay (Core))‚ maximum raw mark 40 This mark scheme is published as an aid to teachers and candidates‚ to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award marks. It does not indicate
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de-regulated the industry in 2000. * They do not have perfect policies and regulations to control farm product price * shocked industry leaders and put local jobs at risk 3. What economic theories can be drawn? * Government intervention * Actions on the part of government that affect economic activity which includes “taxes”‚ price controls‚ assorted regulations‚ and control over government spending. * Deregulation allowed for
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Charles Horton Cooley‚ (born Aug. 17‚ 1864‚ Ann Arbor‚ Michigan‚ U.S.—died May 8‚ 1929‚ Ann Arbor)‚ American sociologist who employed a sociopsychological approach to the understanding of society. Cooley‚ the son of Michigan Supreme Court judge Thomas McIntyre Cooley‚ earned his Ph.D. at the University of Michigan in 1894. He had started teaching at the university in 1892‚ became a full professor of sociology in 1907‚ and remained there until the end of his life. Cooley believed that social
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Economics Reviewer (For IV- Understanding ONLY) Market – the medium in which buyers and sellers interact. (Note: its meaning is not limited to a location or geographical area‚ it also focuses on people who are WILLING and ABLE to buy and/or sell goods and services. Two major players/actors in the market: Buyers & Sellers Market Equilibrium: when buyers and sellers agree at a certain price and quantity to transact Price Equilibrium: price agreed by both buyers and sellers. Quantity Equilibrium:
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SUPPLY - LAW OF DEMAND LAW OF SUPPLY - DETERMINANTS OF DEMAND DETERMINANTS OF SUPPLY - DEMAND SCHEDULE SUPPLY SCHEDULE - DEMAND CURVE SUPPLY CURVE The Law of Demand And Supply is one of most important laws in economics. It give us a closer look at the system of exchange in the circular flow. There is exchange taking place because of this law. In the Philippines the law assumes greater importance since our economicsystem prodiminantly market in nature and therefore
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Consumer expenditure Mini Case John Hawksworth “Opinion: Economic Trends - Saved by the consumer?”‚ Accountancy‚ London‚ Mar 2002 (with minor editing) How long can the UK economy buck the global trend just because our consumers keep spending money? Have we avoided the recession that has gripped the US‚ Japan and Germany over the past six to 12 months or are we just postponing the day of reckoning? And are we storing up worse problems for the future as a result of rising household debt levels
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Case 1-1: E-Centives‚ Inc‚ - Raising Capital in Switzerland On October 3‚ 2000‚ E-Centives‚ incorporated in the United States‚ made an initial public offering on the Swiss Stock Exchange’s New Market. The company raised approximately US $ 40 million. The E-Centives offering circular stated that no offers or sales of the company’s common stock would be made in the United States‚ and that there would be no public market for the common stock in the United States after the offering. THE SWISS EXCHANGES’S
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Chapter 1: ECONOMIC INTERDEPENDENCE.- “ When the U.S sneezes‚ the economies of other nations catch a cold” GLOBALIZATION . Is the process of greater interdependence among countries and their citizens. Agglomeration Economies.- are a powerful force that help explain the advantages of the "clustering effect" of many activities ranging from retailing to transport terminals. (Urbanization‚ Industrialization‚ Localization economies) FOREIGN OUTSOURCING.- Certain aspects of a product’s manufacture
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the gross value of output produced in the manufacturing sector and the generation of employment by the small-scale sector is more than five times to that of the large-scale sector. This clearly shows the importance of small-scale industries in the economic development of the country. The small-scale industry have been playing an important role in the growth process of Indian economy since independence in spite of stiff competition from the large sector and not very encouraging support from the government
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SS8H12e Evaluate the importance of new immigrant communities to the growth and economy of Georgia ----------------------- WHAT IS PROFIT? Profit is the amount of money earned after subtracting all of your expenses. The economic system of capitalism involves the production and consumption of goods and services. Making a profit is the ultimate incentive (or reason)
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