restaurants in 109 countries. By being spread out in different regions‚ this gives them the ability to weather economic fluctuations which are localized by country. They can also operate effectively in an economic downturn due to the social need to seek out comfort foods. * They successfully and easily adapt their global restaurants to appeal to the cultural differences. For example‚ they serve lamb burgers in India and in the Middle East‚ they provide separate entrances for families and single
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Name: _________________________ (Last name‚ first name) SID: _________________________ GSI: _________________________ Econ 100B Macroeconomic Analysis Professor Steven Wood Fall 2012 Exam #1 ANSWERS Please sign the following oath: The answers on this exam are entirely my own work. I neither gave nor received any aid while taking this exam. I will not discuss the questions on this test until after 5:00 p.m. on September 27‚ 2012. _______________________________________ Signature
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fluctuations in its movement ► The business cycle refers to the periodic fluctuations of economic activity about its long term growth trend ► The Business cycle is the more or less regular pattern of expansion (recovery) and contraction (recession) in economic activity around the path of trend growth. At cyclical peak‚ economic activity is high relative to trend At a cyclical trough‚ the low point in economic activity is reached. The business cycle Potential output Real GDP 3 3
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Chapter 1: Limits‚ Alternatives and Choices The fundamental economic problem Scarcity: – The basic economic problem arises because resources are limited‚ but human wants are unlimited. – Scarcity. . . means that society has limited resources and therefore cannot produce all the goods and services people wish to have. What is economics? • Economics is the study of how individuals and economies deal with the fundamental problem of scarcity. • Scarcity forces individuals‚ firms
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------------------------------------------------- The four economic concepts I employed in my report are: ------------------------------------------------- 1. Cost Control ------------------------------------------------- 2. Pricing Strategy ------------------------------------------------- 3. Fighting competition through innovation & branding ------------------------------------------------- 4. People ------------------------------------------------- I previously worked for
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How are the Macro as well Micro economic factors different in the country or origin and the destination country? Macro-economic factors of China: 1. Political factors: Currently China has become the world’s second largest economy. Xi Jinping focuses on pushing China investment abroad and pulling foreign investment to China
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vs. GDP GNP measures the total value of all final goods and services that a country’s citizens produce regardless of where they produce them. Example: Profits of Indian MNCs earn in overseas market is included in India’s GNP. GDP measures the total value of goods and services that are produced within a country’s geographical borders. Example: An Indian MNC in China will actually contribute to Chinese GDP. GDP = GNP – NFIA (Net Factor Income from Abroad)‚ where NFIA=income earned by
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Draft Case Study MAROECONOMIC COUNTRY REPORT - JAPAN ECONOMICS PROJECT 1. GROUP MEMBERS: 14C G Yogesh Kumar XX ..................................................................................................................................................ERROR! BOOKMARK NOT DEFINED. 24C Madhav Purohit XX............................................................................................................................................ Error! Bookmark not defined. 31C Priya
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Profession. Journal Of Human Capital‚ 6(2)‚ 124-149. Miqueo‚ C. (1999). Women and doctors in medicine. Lancet‚ 354SIV65. Dacre‚ J.‚ & Shepherd‚ S. (2010). Women and medicine. Clinical Medicine‚ 10(6)‚ 544-547. Illinois State University. Department of Economics. Profit Maximinzation. Retrieved from http://www.economics.illinoisstate.edu McFarland‚ F.‚ Smith‚ J.‚ West‚ A.‚ & Rhoades‚ R. (2000). African American female physicians in South Carolina: role models and career satisfaction. Southern Medical Journal
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founded in 1919‚ and has continued to grow and expand since privatisation in 1987‚ until the global recession hit in 2008. On 23rd January 2009 the UK was officially declared to be in recession following two consecutive quarters in 2008 during which economic growth dropped (BBC‚ 2009). Many businesses‚ including British Airways‚ have found it increasingly difficult to survive in the resulting testing macroeconomic environment. The Recession A recession will often occur when inflation grows rapidly;
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