The Impact of Tourism on Economy of Singapore Introduction Located in the southern tip of Malay Peninsula‚ Singapore is a sovereign city-state and island country in Southeast Asia. By 2012‚ the population of the country was 5.3 million‚ composed by 62 percent citizens and 38 percent permanent residents or foreigners. As a small country with limited resources‚ it is strategized to develop itself as a trading-based and tourism-based country. In 2013‚ there were 15.6 million tourists visited the country
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CHAPTER 11 MONETARY AND FISCAL POLICY Chapter Outline: • The effects of fiscal and monetary policy on output • Monetary policy and the transmission mechanism • The liquidity trap • The classical case • The quantity theory of money • Fiscal policy and crowding out • Monetary accommodation • The effects of alternative policies on the composition of output • The U.S. economy in the 1980s and 1990s • Anticipatory monetary policy • The policy mix during the German re-unification
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Midterm Intermediate Macroeconomics 1. How are presidential election outcomes related to the performance of the economy? Presidential elections and the economy have a very close relationship and they go together hand and hand. Usually when the economy is good and opinion of the government is positive‚ the incumbent or the party of the last president wins the election. People tend the lean towards why change a good thing. A couple of theories exist in the relationship of the economy and presidents
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the money supply without using open market operations‚ it could try to get the public to decrease their currency holding ratio and decrease banks’ reserve requirements. 4.) Changes in reserve requirements directly and immediately affect: the money multiplier. 5.) If banks decided to increase their holdings of excess reserves‚ none of the above. MONEY SUPPLY PROCESS: The money supply process is based on changes in the Fed’s balance sheet‚ which consists of assets and liabilities. The Fed’s assets include
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Sears‚ Roebuck and Co. Vs. Wal-Mart Stores‚ Inc Problem: Don Edwards‚ a recent MBA graduate has been asked to analyze the financial performance of Sears and Wal-Mart. Although Wal-Mart is the industry powerhouse‚ its 20% return on equity (ROE) lags behind that of Sears’ 22%. Analysis: Wal-Mart operates fewer stores than Sears but is ahead in terms of total selling area by a ratio of 3.4:1. Between 1995 and 1997‚ Sears’ retail store revenue per selling square foot was not only lower
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outstanding ROE of 76.97%; however things started to change in ’08-‘09 when ROE dropped down to 58.02%. This was caused by a decrease in Net Income which reduced the profit margin‚ as well as a decrease in Total Assets which reduced the equity multiplier. Due to further decrease in Net Income (58% decline) in ’09‚ the profit margin was cut in half. At the same time the sales decreased from $61‚101 to $ 52‚902 decreasing the turnover ratio by 66% (from 2.306 to 1.572). Both of these factors caused
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INTRODUCTION Fiscal policy involves the use of government spending‚ taxation and borrowing to influence both the pattern of economic activity and also the level and growth of aggregate demand‚ output and employment. The public intervention takes varies form from country to country and from time to time (Nellis & Parker‚ 2006). As a result‚ understanding the impact of fiscal policies on the market has become fundamental for a long-term company strategy. In order to define strategic goals and
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CONTENTS * Introduction * Definition Of Tourism * Economic Significance Of Tourism * Price And Income Elasticity * The Economic Impacts Of Tourist Spending * Foreign Exchange * Employment * Tourism Income Multiplier * Regional Development * Cultural Resource * International Understanding * Conclusion * References INTRODUCION Today‚ tourism is one of the largest and dynamically developing sectors of external economic activities. Its high
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(kay rap)DEFINITION OF TERMS AC (alternating current) - In electricity‚ alternating current (AC) occurs when charge carriers in a conductor or semiconductor periodically reverse their direction of movement. Household utility current in most countries is AC with a frequency of 60 hertz (60 complete cycles per second)‚ although in some countries it is 50 Hz. The radio-frequency (RF) current in antennas and transmission lines is another example of AC. The usual waveform of an AC power circuit is a sine
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1. Discuss the pros and cons to launching the Foxy brand in the United States. PROS: Launching the Foxy brand in the United States would be beneficial to the company because of the sheer size of the market. In comparison to the Canadian market‚ the U.S market is much larger and includes a larger number of consumers. In addition‚ those consumers are very interested in attaining nice but affordable products. American consumer culture is concerned with seeking out the lowest-cost‚ highest-quality
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