Principles of Macroeconomics Coursework Rodoula Makri ECON101-EN Question 1: a) Price of substitute good falls - As seen on the diagram above when price of substitute product A rise‚ then demand for substitute product B rises accordingly. Positive relationship between the two. Shift to the right. b) Taste shifts away from the good - Whe the taste shifts away from the good it becomes less desirable‚ making its demand for it decrease. Shift to the left. c) Price of complimentary good
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Life is what you and you alone make of it! What is your view? I believe that we can make our lives into what we want them to become if we have enough drive and reserve to achieve our goals. Our lives are our own‚ waiting for us to take them and mold them into exactly what we want. However‚ our lives are very much influenced‚ affected‚ and controlled by the people around us. Friends‚ parents‚ society‚ and even ourselves‚ can inhibit our hopes and dreams just as much as they can help us achieve
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INSTITUTE OF BUSINESS MANAGEMENT Assignment on PRINCIPLES OF ECONOMICS Master in Business Administration Q. Suppose the price elasticity of demand for text books is two and the price of the text book is increased by 10%. By how much does the quantity demand fall? Inter the result and discuss reasons for the fall in quantity demand? INTRODUCTION Elasticity is the ratio of the percent change in one variable to the percent change in another
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Introduction The European Union remains one of the most controversial political projects in the modern world. It is usually portrayed as a symbol of European unity: the triumph of voluntarily shared sovereignty over excessive nationalism‚ ideological division and imperial ambition.1 Herman Van Rompuy2 once said that: “The age of the nation state is over and the idea that countries can stand alone is an ‘illusion’ and a ‘lie”3. One of the most Eurosceptic politicians‚ Nigel Farage‚ the leader
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delivering _____ to customers. a. competitive prices b. superior value c. superior service d. superior promotion (b; Easy) 2. The marketing manager at Sunshine Car Washes is holding a training session for new employees. She stresses that perhaps the most important concept of modern marketing is _____. a. customer relationship management b. e-mail advertising c. a quality Web site d. properly trained sales people (a; Moderate) 3. Jeff Bezos‚ founder of Amazon.com‚ wants to deliver a _____ to every customer
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Rawls’ Difference Principle Rawls believed in the ideal of perfect equality. This meant‚ to him‚ that everyone should have equal opportunity and receive the same treatment. To Rawls‚ there was only one reason why anyone should be treated differently to any other person – to help the worst off members of society. He called this reason the difference principle‚ and in conjunction with his “Justice as Fairness” ideal it formed the basis of his claims about distributive justice. Rawls’ natural
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Melissa Pritchett Grand Canyon University ESL-223 Jean White 04/20/2012 Language Acquisition Principles Aida Walqui is well known in the education community for her work with teacher education programs. Her particular area of expertise is schools with cultural and linguistic diversity. Her article‚ Contextual Factors in Second Language Acquisition‚ focuses on the contextual factors of teaching English as a second language and how they affect the learning of our students. As children
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β-galactosidase – breaks down lactose into β-D glucose and β-D galacatose LF possess both enzymes NLF do not possess β-galactosidase LLF do not possess β-galactoside permease Glucose fermenters only (true enteric pathogen) Glucose and lactose fermenter (most opportunistic enterics) TRIPLE SUGAR IRON CULTURE MEDIA - TSI MEDIUM Test whether a gram-negative rod utilizes glucose‚ and lactose/sucrose and forms H2S Contents: 1% lactose‚ 1% sucrose and 0.1% glucose (10:10:1) Ferrous sulfate and sodium thiosulfate
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Deming’s 14 Principles Case Study After reviewing the video‚ I had a much better understanding of Deming’s 14 principles. Throughout the viewing‚ I found that although Deming’s principles‚ when implemented‚ can bring great return‚ it is also a very timely process that requires every individual in an organization to be a catalyst of change. All together‚ these principles represent a philosophy of life. They can be implemented in an organization‚ as well as one’s personal life—as they gave the
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communication patterns. That is they seek to reduce ambiguity by developing shared routines with others in organization. Mass Communication: This type of communication goes from one point to many receivers. It has four characteristics: i) it is communication to a large‚ anonymous and heterogeneous audiences; ii) it is primarily one way communication; iii) it is transmitted through different channels that work fast; iv) sender is usually big organization rather than individuals. Functions of Communication
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