Team: _______________________ AP Macro Problem Set #2 Unit 2: Measurement of Economic Performance 1. (_____/15) Supply & Demand a. Define demand and describe each of the determinants of demand. Give a real world example of each of the determinants. (___/5) b. Define supply and describe each of the determinants of supply. Give a real world example of each of the determinants. (___/5) c. Draw and Supply and Demand graph. (___/5) 2. ( ____/15
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Sample Test Questions for ECON 102 with answers marked 1. Economics deals primarily with the concept of a. scarcity. b. money. c. poverty. d. banking. 2. The adage‚ "There is no such thing as a free lunch‚" means a. even people on welfare have to pay for food. b. the cost of living is always increasing. c. people face tradeoffs. d. all costs are included in the price of a product. 3. Government policies resulting in reduced efficiency include (i) the welfare system
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MICRO CHIP COMPUTER CORPORATION FINANCIALS American Intercontinental University FINA310-1103B-08: Financial Management Sunny Onyiri September 2‚ 2011 Abstract This report paper will review both the selected financial statements and the Consolidated Statement of Operations for the year ended September 25‚ 2008 for Micro Chip Computer Corporation and answer four questions. These questions will bring to light the year-to-year percentage annual growth in total net sales and if the corporation
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entirely about $200m in funding of microfinance projects (Rogaly‚ 1996). The term micro-finance has over the years generated a lot of definitions by various authors. Armendáriz and Morduch (2010) have documented that despite several claims as to
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Although there are other branches of economic study‚ micro and macroeconomics are the most well-known. Over the years‚ both have become an increasingly common part of high school and college-level curriculums. Despite their popularity‚ however‚ the principles of these disciplines are frequently misunderstood or confused. While they share some of the same concepts and are interrelated in important ways‚ there is a fundamental difference between micro and macroeconomics. The simplest way to distinguish
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Because MEPD‚ a self-contained division of SMA‚ achieved a profitable operating margin of 6.5% in 1990‚ is seems clear that they have survived an industry shakeout in the micro-electronic and telecommunications market. However‚ this is short of their targeted goal of 25-30%‚ which they achieved just five years earlier (see Appendix 1). This mediocre performance is the result not only of an industry downturn but also profound organizational and structural problems at MEPD. Due to increased competitiveness
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Macro and micro environments both fall into the categories of environmental scanning. The general scope of environmental scanning is that it is a component of global environmental analysis. While analyses are typically carried out on the macro environment‚ the micro environment still has an important role to play. In summary‚ the macro environment is involved with the industries‚ companies‚ markets‚ clients and competitors‚ while the micro environment can be represented by the suppliers‚ competitors
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Unit 9 The types of assessment in lifelong learning are: Diagnostic assessment: This is to assess past learning and is often used to assess the standards of students before work starts Formative assessment: This is an ongoing assessment to see how learners have taken in information and can be conducted as homework‚ quizzes or informal discussions. Summative assessment: The concluding assessment to a period of teaching such as A’ levels or GSCE’s Taking the above there are for’s and against’s
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colored pigment lens. The present methods of manufacturing includes mainly – Spin casting and Mold casting. But this has disadvantage of generation of ripple marks on the posterior surface and also distorted final lens with variable density. Use of micro-injection molding machine for lens manufacturing can possible reduce the error and also production will be cost effective. In this report ‚ we have included the plastic flow simulation results and the
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macroeconomics is the study of aggregates of an economy as a whole. For example‚ when we study of an individual sugar mill manufacturing sugar‚ our study is micro analysis but if we study the entire sugar manufacturing sector of the economy‚ our study is macro analysis. Also please note if we study the problem of production of a firm‚ our analysis is micro study but if we study the problems of production of the whole economy‚ our analysis is macro study. Both Microeconomics and Macroeconomics are inter-dependent
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