Introduction THE NATIONAL INCOME One of the basic questions facing economics centers on whether the total output of goods and services is growing from year to year or it remains static. This question is very important because countries are keenly interested in the performance of their economy. National income estimates enable countries to calculate the total production of goods and services in a year. The lecture also focuses on the measurement of national income and their problems‚ uses
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The New England and Southern Colonies When the thirteen colonies were finally established in America‚ they were divided into three geographic areas. Two of them were the New England Colonies (Connecticut‚ Rhode Island‚ New Hampshire‚ and Massachusetts) and the Southern colonies (South Carolina‚ North Carolina‚ Virginia‚ Maryland‚ and Georgia). Although they had many things in common‚ both of them had their own religious freedoms‚ crop harvests‚ economies‚ and lifestyles by the end of the seventeenth
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both the New England Colonies (Rhode Island‚ Massachusetts‚ Connecticut‚ and New Hampshire)‚ and the Chesapeake Colonies (Virginia and Maryland) were both settled by people of English origin‚ by 1700 they were both very distinct for a multitude of reasons; Three of which being‚ their economics‚ African Slave population‚ and their life expectancies. The New England colonies vs. the Chesapeake colonies had many differences in there economical make-up‚ as far as their economic activities and the diversity
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1.0 Introduction Although inflation is generally thought of as an inordinate increase in the general price level‚ throughout the history of economics the causes of inflation and the definition of inflation itself remained as an unresolved issue. There is a general agreement that‚ in the long-run‚ inflation is a monetary phenomenon. In short-run‚ however‚ many other factors could cause inflation that instigates unsettled debate on the causes of inflation. Every school of economists tries to define
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Multinational Strategies and Developing Countries in Historical Perspective Geoffrey Jones Working Paper 10-076 Copyright © 2010 by Geoffrey Jones Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Overview This working paper offers a longitudinal and descriptive analysis of the strategies of multinationals from
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available to the government to combat these two economic issues. Unemployment and inflation have many different causes and the levels of have had severe fluctuations over time. Unemployment and Inflation can be caused by many different things but normally they follow the business cycle with high inflation in times of boom and high unemployment in times of recession. The government can use two different policies to either expand or contract economic activity resulting in low or higher inflation
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Economics 247 Assignment 1 Version A This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely. 1. a. 3/3Define opportunity cost‚ and explain its importance in economics. (3 marks) -The opportunity cost of something is what you must give up of one thing‚ in order to get it. Opportunity cost is a key concept of
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regarding brain drain appear to be rooted in the unequal economic development of the emigration and immigration countries. Push Factors Agha Khan Medical University conducted study about the brain drain of (doctors) from Pakistan. As per research 95% of the students of AKU and 65% students of BU want to emigrate due to poor salary in Pakistan along with poor quality of training and work environment. Syed Jafar Askari viewed terrorism and economic crises are the main factors which forced the highly qualified
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Vladir Diaz Thirteen Colonies The thirteen colonies in the United States are‚ Massachusetts‚ New Hampshire‚ Connecticut‚ New York‚ New Jersey‚ Pennsylvania‚ Delaware‚ Maryland‚ Virginia‚ North Carolina‚ South Carolina and Georgia. Each one of them has their own story characteristics that I’ll be listing them in the following paragraphs. Massachusetts was founded on 1630 by John Winthrop and others. Their major industry consists of fishing‚ corn‚ livestock‚ lumbering‚ shipbuilding and their
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FINAL EXAMINATION PROGRAMME: MASTER OF BUSINESS ADMINISTRATION (MBA): GENERAL AND TOURISM- YEAR ONE MODULE: ECONOMICS DATE: 21 NOVEMBER 2011 DURATION: 3 Hours EXAMINER: Mr I Govender INTAKE: JANUARY 2011 TIME: 09h00 – 12h00 TOTAL MARKS: 100 MODERATOR: Dr D Mukuvisi INSTRUCTIONS TO THE CANDIDATE: 1. Questions must be attempted in the answer book provided. 2. All queries should be directed to the invigilator; do not communicate or attempt to communicate with any other candidate. 3. You have THREE
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