Tutorial 2 (Topic 2: Thinking like an Economist) 1. i) What is meant by positive analysis and normative analysis? ii) Classify each of the following statements as positive or normative. Explain. a) Society faces a short-run trade-off between inflation and unemployment. b) A reduction in the rate of money growth will reduce the rate of inflation. c) Bank Negara Malaysia (BNM – Central Bank) should reduce the rate of money growth.
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Scenario You work as a mechanical engineer designing structures; you are required to calculate the forces‚ stresses and strains required to help with these designs. Task 1 (P1) Using fig 1 below‚ calculate magnitude‚ direction and position of the lines of action of the resultant of the non-concurrent coplanar force system containing forces in different directions. 3810002914650041338502914650044767505143528KN 0028KN 4324350539115500 020000500 47625035433030KN 0030KN -96202510922015KN
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Consumer Buying Behavior Consumer Markets and Consumer Buying Behavior Consumer behavior is the actions a person takes in purchasing and using products and services‚ including the mental and social processes that precede and follow these actions Consumer Buying Behavior refers to the buying behavior of final consumers individuals & households who buy goods and services for personal consumption. Prof. P.V. Balakrishnan All these consumers make up the consumer market. The central
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Principles of Economics (Common for Private Registration to BA History‚ Political Science‚ Sociology‚ & Islamic History Programmes) 1. a) b) c) d) e) In Economics the central problem is: money production consumption allocation scarcity 2. a) b) c) d) Macroeconomics deals with: the behaviour of firms. the activities of individual units. economic aggregates. the behaviour of the electronics industry 3. a) b) c) d) Microeconomics is not concerned with the behaviour of: firms. aggregate demand.
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Marketing is the process of planning and executing the conception‚ pricing‚ promotion‚ and distribution of goods‚ services‚ and ideas to create exchanges that satisfy individual and organisation objectives. Marketing has many ways that products are sold. It includes advertising‚ selling and delivering products to people. Marketers try to get the attention of target audiences by using slogans‚ packaging design‚ celebrity endorsements and general exposure in the media world. The process of developing
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Physical Ability Test: Federal Security Guard Anntionette Johnson BUS 423 Dr. Teresa Dillard August 17‚ 2013 Select a job that requires a moderate level of physical ability‚ such as security staff‚ office delivery personnel‚ door-to-door salespersons‚ retail salesperson‚ or nurses at hospitals and conduct an interview to determine their level of physical activity. Create a list of 8-10 interview questions and conduct an interview to determine their level of physical activity. Based on your
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Chapter 18 Creating Competitive Advantage 1) Of the following successful marketing strategies in the past‚ today ’s Nike has learned that the most important is ________. A) creating a recognizable brand image B) having creative advertising C) building deep community with customers D) maintaining big-name endorsers E) moving into new product categories‚ sports‚ and regions of the world Answer: C Diff: 2 Page Ref: 527 Skill: Concept Objective: 18-1 2) To gain ________ requires
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The main goal of a finance manager is maximizing of wealth rather than maximizing profit--measuring wealth or value is by cash flows and not accounting profits. This goal must be constantly in mind when making investments‚ financing these investments‚ and funding the company’s day-to-day operations. The total value of the firm can be increased by pushing up the price or market value of the existing shareholders’ ordinary shares. Investors react to poor investment decisions or poor financing decisions
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Introduction Theory Communication is defined as exchange of ideas‚ emotions‚ messages‚ stories and information through different means including writing‚ speech‚ signals‚ objects or actions.(Clegg et all‚ 2008). Levels of communication Littlejohn (1989) differentiates between four levels of communication: Dyadic Communication: Dyadic communication means two party communications. Dyadic communication can be interpersonal or face to face and can be informal and formal form of communication. Interpersonal
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A microscope (from the Ancient Greek: μικρός‚ mikrós‚ "small" and σκοπεῖν‚ skopeîn‚ "to look" or "see") is an instrument used to see objects that are too small for the naked eye. The science of investigating small objects using such an instrument is called microscopy.Microscopic means invisible to the eye unless aided by a microscope. There are many types of microscopes‚ the most common and first to be invented is theoptical microscope which uses light to image the sample. Other major types of microscopes
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