for 20 marks each) 1. What are factor prices? How are factor prices determined according to Classical theory of income and output? 2. Explain the effects of the followings on economy according to Classical Theory of Income and Output: a) The new government in Nepal has taken initiatives with the assumption that there is no alternative to reconstruct the once demolished infrastructures to rebuild Nepal into a more prosperous country. Since the private sector does not have enough capital to fund
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BASICS TO THE EDITOR What Is Inflation? Ceyda Oner I T may be one of the most familiar words in economics. Inflation has plunged countries into long periods of instability. Central bankers often aspire to be known as “inflation hawks.” Politicians have won elections with promises to combat inflation‚ only to lose power after failing to do so. Inflation was even declared Public enemy No. 1 in the United States—by President Gerald Ford in 1974. What‚ then‚ is inflation‚ and why is it so important
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Week 5 Final Paper Marcie Wallace BUS 372 Professor Motley February 4‚ 2013 When we try to describe management‚ our first notion is generally of a manager who obtains a role and who has charge over its people. However‚ in the case of cognoscente employees‚ who oversee each other‚ management is seen as in action‚ one that can appoint everyone. Hence‚ when we describe management as a personification‚ we modify it to something that alludes to managers only. Such a description is not only a restricting
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no trade-off between inflation and unemployment whether in the short or the long run. Comment. Inflation is a major challenge; the world is facing today and has become an impediment to robust growth. However‚ this problem is not new. In 1981‚ The Gallup Organisation in the US conducted opinion polls asking people‚ what is the most important problem‚ their country was facing‚ and a majority named inflation. Although governments in different countries have been using policies to
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Why Do we Have Organizations? Organizations‚ in a small form stated as a group of individuals structured in a capacity or venue to produce a desired end state. If we take this‚ with more depth and breadth we better define‚ clarify and realize that our entire global society is made up of many unique organizations that have impacts on our daily lives throughout a lifetime. The make-up of organizations is independent and as individual as the needed outcomes and impacts require. The requirements
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Why do we have organizations? Organization implies that a group of individuals come together working‚ supporting a common goal. Everyone has a role and understands their responsibility in obtaining‚ achieving the goal. Why do we have organizations? Organizations are the foundation of our being. They give us structure on how to function in our day to day activities and help in achieving the completion of a common goal. They define our role & the importance of our talent/skill to succeed
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Eurozone unemployment and inflation both rise 01 March 2012 by Daniel Mason Eurozone unemployment rose to a record high in January‚ while inflation in the currency bloc has also continued its upward trend - a combination described by economists as "unpalatable" and a "double whammy of bad news". The jobless rate in the 17-member currency bloc was 10.7 per cent in January‚ up from 10.6 per cent in December‚ according to statistics published today by Eurostat. It means that‚ in January‚ there
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Macroeconomics‚ 12e (Gordon) Chapter 2 The Measurement of Income‚ Prices‚ and Unemployment 2.1 Why We Care About Income 1) Job openings are plentiful when the A) actual real GDP is above the natural real GDP. B) natural real GDP is above the actual real GDP. C) natural real GDP is increasing rapidly. D) None of the above. Question Status: Previous Edition 2) The real income per capita is a measure of the A) well-being of every individual in the nation. B) well-being of the average individual
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of culture‚ its anthropological origins and lack of clarity undermines its value to our understanding of organizational behavior. It is too ambiguous a concept for the effective day-to-day management of the organization.’ Do you agree? What role do you think culture plays in the management of your own organization? I partly agree with the statement the proliferation of definitions and explanations of culture and lack of clarity undermines its value to our understanding of organizational behavior
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Do you have a well designed organization? (Goold‚ Campbell – 2002) 9 tests of organization design: framework to guide the evaluation of an existing organizational structure‚ or to create a new one. The organizational design of most companies is the result of an haphazard evolution rather than a systematic‚ methodical planning: as a consequence‚ strategic initiatives fail because responsibilities are unclear‚ and opportunities are not exploited for lack of managerial attention. This framework
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