ECONOMIC GROWTH is the long term expansion of a country’s productive potential Short term growth is measured by the annual % change in real national output – this is mainly driven by the level of aggregate demand (C+I+G+X-M) but is also affected by shifts in SRAS Long term growth is shown by the increase in trend or potential GDP and this is illustrated by an outward shift in a country’s long run aggregate supply curve (LRAS) Key drivers of growth There have been numerous research studies in
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large amount of energy is needed before the molecules begin to move about and therefore change state. It is because of this high latent heat of vaporisation that water is an effective coolant; energy from the body is used to evaporate sweat that forms on the surface of the skin from the sweat glands and this results in a reduction in body temperature as energy is used up. Also‚ cells are made up of 80% water and the specific heat capacity of water means that bulky organisms have fairly stable temperatures
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Chicago to Raise Cigarette Tax Source: Chicago Sun Times Accessed: November 23‚ 2013 Posted: November 21‚ 2013 Word Count: 748 Written: November 25‚ 13 Microeconomics The city council in Chicago‚ Illinois is discussing a raise to the tax on cigarettes in an effort to cut the amount of people who start smoking each year. This type of tax is called a Pigouvian tax (meant to limit consumption of a good). Currently‚ the cigarette tax has been stuck at 68 cents a pack since 2006 and the
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1. What are your chosen company’s marketing principles? Is this company trying to provide superior quality/value products‚ to have excellent services‚ to be innovative‚ to have a valuable brand name‚ or to understand competitors / consumers through market research capabilities... etc? How and where do you find this information*? You can find this from company’s mission statement‚ advertising slogans‚ and other places (e.g.‚ company’s website‚ information for investors‚ leaflets). *This is where
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Minnesota Motors Report When taking in consideration the future selling strategy of Minnesota Motors we decided to choose between the two aspects we considered to be the more important ones: Price or Quality. In a general way we observed that the segments that preferred quality over price (less price-sensitive) were segment A‚ B and C and the ones that preferred price over quality (very price-sensitive) were segment D and small-Volume customers. We decided to go for a business perspective focused
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Planning: My initial thought was to just have some fun with the 30 minutes get the learners warmed with an easy enjoyable lesson to get them working together as a team. I would use this type of lesson if at the start of meeting a new group of learners just to ease the tension and get them working together. I believe my lesson plan met the needs of all the learners. Individually my plan allowed for anyone with visual impairment and physical difficulties such as back or muscle problems. With clear
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“In a perfectly competitive market‚ there are enough sellers and buyers of a good so that no single seller or buyer can affect its price. Price is determined by the market forces of supply and demand. Individual firms take the market price as given in deciding how much to produce and sell‚ and consumers take it as a given in deciding how much to buy” (Microeconomics‚ 3rd edition‚ 1995). One of the market structures is monopoly. “Monopoly is the sole producer of a product; a monopolist is in unique
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Microfridge Q. 1 What value does the product create and for whom ? Ans. Value created by product are (i) Three functionalities in one i.e Microwave ‚ refrigerator and freezer for limited user at a low and affordable cost (ii) Safety from fire(against use of hot plates). oMicrowave can allow save cooking (iii) Freedom. Microfridge can be used to heatup your food. Refrigerator and freezer can be used to preserver food /fruits for long time and drinks at a servable temperature
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Assignment/Tutorial/Practical Report Cover Sheet Student’s Name : MUHAMAD LUKMAN BIN ISMAIL MOHAMMAD MUZAKKIR BIN MOHD JANNY MOHAMAD KHAIRUL NIZAM BIN MD NOOR NORANIZA BINTI ISHAK SYED JAFFAR BIN SYED MAHDZAR MOHAMAD SAFUAN BIN JOHARI Matric No. : 37209 34942 36967 39897
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BHS002-1 Microbiology Practical Manipulation of bacteria – Part 1 Week 45 Since the early days of microbiology in the 19th century‚ culture on agar plates has been a central technique for the study of bacteria. This practical is designed to introduce students to the basic techniques required to manipulate bacteria. Students will gain experience with the streak plate procedure‚ used to isolate pure colonies of bacteria‚ and viable plate count methods. The latter involves serial dilution and spread
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