ANSWER SCHEME ECO551/553 APRIL 2010 QUESTION 1 a) A barter trade system is a system whereby people exchange goods for other goods. ( with example) b) There are many problems facing the barter trade. Three of these problems are: i) Double coincidence of wants ii) Rate of exchange iii) Divisibility ( with explanation) (b) The four functions of money are as follows: i) Medium of exchange ii) Unit of account iii) Store of value iv) Standard for deferred payment
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Acid Determination of Vitamin C Tablets and Salt Solutions Chem 1290-016 03-05-2010 ------------------------------------------------- Purpose: The purpose of this lab was to use acid-base titrations to find the mass percent of ascorbic acid in a Vitamin C tablet. A known concentration of sodium hydroxide was used and the value found was compared to the stated amount of ascorbic acid listed on the vitamin container. Also in this lab the acidity of different salt solutions were tested using
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Communication & professional relationships with children‚ young people & adults. 1. Explain why effective communication is important in developing positive relationships with: * Children Effective communication with children is important to make sure that they understand the language of learning so that they can grasp concepts and ideas‚ actively take part in problem solving and successfully develop their own ideas and opinions. It is important for children to be able to feel
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CYP Core 3.1.1 - Understand the expected pattern of development for children and young people from birth - 19 years. 1.1 Explain the sequence and the rate of each aspect of development from birth to 19 years The sequence of child development means the expected development of a child from birth to 19 years. Child development refers to the biological and psychological and emotional changes that occur within this time. As the individual progresses from dependency to increasing autonomy. Because these
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The World Bank Bureaucracy is one of the pillars of modern western society. Although this statement is debatable from many aspects‚ most would agree that‚ at the very least‚ our lives are greatly affected by bureaucracy. Bureaucracy is the ’pure form of rational organization’ (Newson‚ Jan 11). Not only is it a method for achieving goals efficiently and effectively‚ but it is acclaimed as the most able strategy to meet objectives. The World Bank is a classic example of a bureaucratic organization
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2 = .869 0 .869 · 2 = .792 1 .792 · 2 = .584 1 C .584 · 2 = .168 1 .168 · 2 = .336 0 .336 · 2 = .672 0 .672 · 2 = .344 1 A .334 · 2 = .688 0 .688 · 2 = .376 1 .376 · 2 = .752 0 .752 · 2 = .504 1 C .504 · 2 = .008 1 .008 · 2 = .016 0 .016 · 2 = .032 0 .032 · 2 = .064 0 0 .064 · 2 = .128 0 .128 · 2 = .256 0 .256 · 2 = .512 0 .512 · 2 = .024 1 8 .024 · 2 = .048 0 .048 · 2 = .096 0 .096 · 2 = .192 0 .192 · 2 = .384 0 3 .384 · 2 = .768 0 .768 · 2 = .536 1 .536 · 2 =
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Dynamics of the behavior to e-commerce’s network effects zuping zhu School of management Fuzhou University Fuzhou‚ China zhuzuping@163.com Abstract—On the one hand‚ in network economy era‚ the traditional economic growth theory cannot explain the benefits of enterprise informationization well. Every customer could easily enter the network because of the quite low costs‚ and then the increasing customers will push the entire network to be an exponential growth‚ so information technology plays a
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Economics 314 Coursebook‚ 2010 Jeffrey Parker 16 THEORIES OF CONSUMPTION AND SAVING Chapter 16 Contents A. Topics and Tools............................................................................. 1 B. The Kuznets Paradox ....................................................................... 3 C. Relative-Income Hypothesis .............................................................. 5 D. Life-Cycle Model and Permanent-Income Hypothesis .............................. 7
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Friedman’s demand for money theory stated that a change in the supply of money in to the economy will cause a change in inflation rates‚ assuming the demand for money is constant. Dm = f(P‚ rb‚ re‚ 1/p x dP/dt‚ Yp‚ W) Interest rates are set by the Bank’s Monetary Policy Committee. The MPC sets an interest rate it judges will enable the inflation target to be met. This is the current policy on setting and controlling inflation in the economy‚ In the first three months of 2009‚ the UK economy
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Cases Hewlett−Packard: Singapore (A) 68 Case 68 iii Harvard Business School General Management Cases 3M: Profile of an Innovating Company Case Harvard Business School 1 © The McGraw−Hill Companies‚ 2001 9-395-016 January 3‚ 1995 3M: Profile of an Innovating Company As a perennial winner in Fortune
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