2. What is the effect on the equilibrium price and equilibrium quantity of orange juice if the price of apple juice decreases and the wage rate paid to orange grove workers increases? Apple juice and orange juice are substitutes for consumers‚ so the fall in the price of apple juice decreases the demand for orange juice. The demand curve for orange juice shifts leftward. The increase in the wage rate paid to orange grove workers raises the cost of producing orange juice. The supply of orange juice
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Problem/Solution Unit Plan Lesson 1 Introduction to Problem/Solution - Tell the students that we will be starting the Problem/Solution Unit - Have students work with a partner to answer the questions‚ ‘What is a problem?’ and ‘What is a solution?’ - Come together as a class and discuss their answers to the questions‚ ‘What is a problem?’ and ‘What is a solution?’ ~ Make a list‚ or working (developing) definition of the both ‘problem’ and ‘solution’ on the board - Present “actual” definitions
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has been able to accomplish in the beginning of his first term. I will briefly discuss topics such as inflation targeting‚ the reason for the low currency rate for the current value of the Canadian dollar‚ unemployment rates‚ debt-to-GDP ratio and economic growth. By going over these concepts we can establish a firm basis of how the economy is doing overall in Canada today. Monetary policy is an important factor when dealing with inflation targeting and interest rates. The central bank of Canada
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Concepts in Macroeconomic Analysis Stock and Flow Variables Stock: quantity of a variable at a point in time. Eg: Capital stock‚ money supply‚ unemployment level‚ foreign exchange reserve‚ etc. Flow: quantity expressed for a period of time. Eg: GDP‚ inflation‚ exports‚ consumption‚ etc. Aggregate Demand and Aggregate Supply Aggregate Demand: sum of demands for all consumer goods and services and for capital goods – Sum of consumption‚ investment‚ government expenditure and
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reference to examples‚ assess the degree the economic development of a country affects planning and management in urban areas (40) The planning and management of urban areas covers several different issues present in all areas such as waste‚ sustainability and transport. These issues come about as a result of urbanisation which originates from an increase in economic development. However certain issues will be more prevalent in certain areas of more or less economic development than others. When planning
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Brooke Foster Macroeconomics PG 71 & 72: Review question #5 & #8‚ problems #1‚3‚ &7 Review #5. Suppose that in the market for computer memory chips‚ the equilibrium price is $50 per chip. If the current price is $55 per chip‚ then there will be (B.) a surplus of memory chips. Review #8. Suppose that the government establishes a price ceiling of $3.70 for wheat. What might prompt the government to establish this price ceiling? Explain carefully the main effects. Demonstrate answer graphically
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Problem/Solution Essay College Writing II Parent/Teenager Relationships: How Can We Improve Them? If you were asked to rate your relationship with your teenager from 1 to 10 what would your answer be? Can you give it a 10/10 with confidence and without any doubt? A lot of times we hear parents say that their teenagers are rebellious and refuse to listen to them‚ while teenagers complain that their parents don’t understand them and are total “control freaks.” As time goes by and generations change
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Solution Since our restaurant facing some problems about queuing and cleanliness‚ therefore we have come out some solutions to solve those problems. 1. Solution for solving queuing problem We were chosen to use high technology to solve this queuing problem. The high technology that we will use is technology-driven customer relationship management (CRM) system. The technology-driven customer relationship management (CRM) system that we will use is called as Beeping UFO. As its name‚ Beeping
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body tremendously. Smoking can damage your lungs‚ brain‚ and heart. Smoking is a problem not only for human beings‚ but for America as a whole. Smoking pollutes the air. Cigarettes are made from 4‚000 different chemical compounds and 400 toxic substances. Smoking is also bad for America because of “second-hand smoke”. We roam around in a universe polluted by smoke. This is why smoking cigarettes is a problem. Smokers need to realize that they are not only damaging themselves‚ but the others around
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government has taken a right action by implementing water rationing on two days interval at affected areas. Although water rationing can help to conserve water in the dams‚ it could not solve drought problems forever. Severe drought brings greatest impact on agricultural activities because water scarcity account for 70% of potential yield loses worldwide (Boyer‚ 1982). Biotechnology could be a permanent solution for this problem with the development of drought-tolerant crops. Plant genes that are
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