EXERCISES FOR MICROECONOMICS TOPIC 1 Economics: An Introduction (Chapters 1 & 2 in the Textbook) EXPLAIN THE FOLLOWINGTERMS ◎ Average benefit ◎ Average cost ◎ Economic surplus ◎ Economics ◎ Microeconomics ◎ Macroeconomics ◎ Marginal benefit ◎ Marginal cost ◎ Normative economics ◎ Positive economics ◎ Rational person ◎ Sunk cost ◎ Opportunity cost ◎ Absolute advantage ◎ Comparative advantage ◎ Attainable point ◎ Unattainable point ◎ Efficient point ◎ Inefficient
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Political Promotion of Renewable Energy in the United States and Germany http://www.e- ir.info/2012/11/09/political- promotion- of- renewable- energy- in- the- united- states- and- germany/ March 9‚ 2013 By Jakob Hauter on November 9‚ 2012 The Polit ical Promot ion of Renewable Energy in t he Unit ed St at es and Germany: Mot ives and Consequences At a time when popular uprisings against oppressive regimes in North Africa let oil prices soar and stir a debate in developed nations about the
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build size. Therefore‚ people train hard as a high volume workout helps build muscle size as it releases critical anabolic hormones responsible for muscle growth‚ but this is a very slow process and the results take time. So people turn to steroid for help and Super Anadrol is the steroid which speeds up the process of bulking. The generic form of Muscle Extreme Super Anadrol is called Oxymetholone. The living‚ breathing Art Our body is considered to be the most beautiful creation and is always compared
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The Benefits of Exercise If you want to feel better‚ live longer and have more energy then you should consider the health benefits of exercise. The health benefits of exercise do not discriminate against age‚ sex‚ race or religion. They are there for the taking if a person is willing to put forth the effort. Exercise can minimize or in some cases even help in eliminating certain health issues or risks such as high blood pressure‚ obesity‚ diabetes‚ poor circulation‚ high cholesterol‚ fatigue‚ decreased
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Speech: Energy drinks are dangerous Energy drinks are beverages that can be used to supplement energy and concentration. It contains several ingredients‚ some good others bad. They contain ingredients such as caffeine‚ guarana‚ taurine and many more. Usually they are beneficial‚ but when taken in large amounts; some ingredients can cause unwelcome side effects. Many people consume energy drinks for enjoyment and the extra kick of energy for the day‚ but they are not aware of the hidden ingredients
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Economic Analysis the Federal Reserve Amy Camp GOVT 200-D17 December 08‚ 2014 The Federal Reserve is the central banking system of the United States. It was created in December 1913. The Reserve is government licensed and privately owned; also it is not accountable to anyone. It was created by Congress and signed in by President Woodrow Wilson. The U. S. Congress established three key objectives: Maximum employment‚ stable prices‚ and moderate long-term interest rates. Today its duties have expanded
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M2 2. If 0.25 represents 25% and the reserve means how much cash has to stay in the bank‚ then 25% of 4‚000 is 1‚000. That leaves 3‚000 for a loan. The "excess" is the amount over the "required reserve"‚ 3‚000 is 2‚000 over the 1‚000 required reserve. 2‚000 is a 50% excess of the "required reserve" of the 4‚000 $ deposit. 3. The formula for the money multiplier is: M=1/R‚..... M(money multiplier)=1/r(reserve ration) The money multipliers for required reserve ratios of 0.15 and 0.20 If r
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Why do energy policies differ from country to country? Energy policies‚ the manner in which a governments decides to address issues of energy development including energy production‚ distribution and consumption‚ are different in every country around the globe. This is mainly due to economic development‚ population size‚ geographical location and many other factors for example in the UK‚ as gas imports will rise in the future‚ the government has imposed a policy of trying to encourage the development
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The Federal Reserve and the Financial Crisis March 28th‚ 2015 Elizabeth Turra Brouwer 11-1175 Macroeconomics The Federal Reserve and the financial crisis The book "The Federal Reserve and the Financial Crisis” contains 4 lectures given by Ben Bernanke‚ chairman of the U.S. Federal Reserve at George Washington University in March 2012. In this book he explains the type of actions taken by the Fed during the worst financial crisis since the Great Depression‚ the crisis of 2008-2009. The main
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REPUBLIC OF TURKEY PRIME MINISTRY Investment Support and Promotion Agency of Turkey TURKISH ENERGY INDUSTRY REPORT AUGUST 2010 DECEMBER 2009 CONTENTS 1. 2. 2.1 2.1.1 2.1.2 2.1.3 2.1.4 2.2 2.2.1 2.2.2 2.2.3 2.2.4 2.2.5 2.2.6 Executive Summary Sector Overview Global Sector Oil Natural Gas Coal Nuclear The Domestic Sector Sector Overview Electricity Oil and Gas Coal Nuclear Main Players 3 4 4 5 5 6 7 7 7 8 12 13 14 14 14 16 17 19 20 25 26 27 2.2.6.1 Electricity 2.2.6.2 Oil and Gas 2.3
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