Economics Answers Define the following terms: 1) Public goods are goods that when produced can be freely consumed by anyone‚ for example the justice system. They are made up of the following goods‚ non-exclusive and non-rival. Non-exclusive goods are goods that people cannot be excluded from consuming‚ it is difficult or impossible to charge for its use which implies no private market as benefits cannot be denied to those who refuse to pay‚ for example public TV. Non-rival goods or
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ECONOMICS ANALYSIS FOR BUSINESS UNIT – 1 1. What is Economics? Economics is the science which studies human behaviour as a relationship between ends and scare means which have alternative uses. 2. Definition of economics According to “Adamsmith” Economic is a social science the deals with human behaviour pertaining to production‚ Exchange and consumption of goods and services. 3. What are basic concept of economic? * Resource allocation * Opportunity cost * Diminishing marginal
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Financial Management Financial Planning and Forecasting Key Chapter Concepts 1. Firms need to conduct two types of planning —strategic planning‚ and a subset‚ operational planning. a. Strategic planning is long range in nature and deals with the overall direction of the firm. b. Operational planning serves as a blueprint detailing where the firm wants to be at some future point in time and what resources are needed to get there. 2. Financial forecasting involves the estimation of the
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The following nine facts‚ though not exhaustive‚ offer a simple summary of Hindu spirituality or about Hinduism. 1 Hindus believe in a one‚ all-pervasive Supreme Being who is both immanent and transcendent‚ both Creator and Unmanifest Reality. 2 Hindus believe in the divinity of the four Vedas‚ the world’s most ancient scripture‚ and venerate the Agamas as equally revealed. These primordial hymns are God’s word and the bedrock of Sanatana Dharma‚ the eternal religion. 3 Hindus believe that
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A characteristic trait of Ukraine’s export policy remains its inconsistency with the foreign policy priorities announced by the state: integration with the European Union‚ a deepening of co-operation with Russia and with the U.S. This is demonstrated by the analysis of the geographic structure of Ukraine’s exports of goods. In 1999‚ only 18.3% of goods exported from Ukraine were supplied to EU member countries (while there was a general tendency toward an increase in the EU share)1‚ and the share
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6 PRELIMINARY EXAMINATION | |Higher 1 | ECONOMICS 8819/01 Paper 1 1 September 2011 3 hours Additional Materials: Answer Paper READ THESE INSTRUCTIONS FIRST Write your name‚ index number and CT class on all the
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1. What is the main difference between a virus and a Trojan? A computer virus attaches itself to a program or file enabling it to spread from one computer to another‚ leaving infections as it travels. Like a human virus‚ a computer virus can range in severity: some may cause only mildly annoying effects while others can damage your hardware‚ software or files. Almost all viruses are attached to an executable file‚ which means the virus may exist on your computer but it actually cannot infect your
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w w w e tr .X m eP UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level e ap .c rs om MARK SCHEME for the October/November 2009 question paper for the guidance of teachers 9708 ECONOMICS 9708/22 Paper 22 (Data Response and Essay – Core)‚ maximum raw mark 40 This mark scheme is published as an aid to teachers and candidates‚ to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award
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Topic 4: Late 19th Century Theories 1. Continental thought in the early 19th Century was shaped by a philosophy that rejected material things in favor of a search for inner truth. This philosophy was (a) Cartesian rationalism. (b) classical economics. (c) Marxian economics. (d) social rationalism. (e) dialectical materialism. 2. A school of thought influenced by Auguste Comte’s determinism‚ and which contended that Ricardians “confined the observations on which they based their reasoning
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the Minyans‚ he married Princess Megara. Hercules had three sons‚ but Hera had sent madness upon him. As a result‚ he killed his family and was going to kill himself for what he had done‚ if it wasn’t for Theseus. Hercules then went to Eurystheus‚ King of Mycenae‚ to do whatever he asked of him as a way to be purified from what he had done to his family. Eurystheus “...devised a series of penances which from the point of view of difficulty and danger could not have been improved upon...There were
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