Part 2. Total 50 marks ( 10 marks each). 1. Explain why you would be more or less willing to buy gold under the following circumstances: a. Gold again becomes acceptable as a medium of exchange. (2 marks) b. Prices in the gold market become more volatile. (2 marks) c. You expect inflation to rise‚ and gold prices tend to move with the aggregate price level. (3 marks) d. You expect interest rates to rise. (3 marks) Outline of solutions: (a) More‚ because it has become more liquid;
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Here are my musings for chapter 3.This chapter consists of applications – some of which are complex – of the labour supply model to social insurance programs. The central theme of this chapter is the central trade-off that any social insurance program faces between the goal of alleviating economic hardship for those who suffer income losses on one hand and the goal of maintaining reasonably strong incentives to work. In a nutshell‚ these very important programs – which are considered to
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Elasticity Paper Mark Bullock ECO/365 10/20/14 BIAGIO VULTAGGIO Elasticity Paper Mark Bullock A reason that substitute goods are goods that can be used in activities aimed to satisfy the same needs‚ one in the place of another. Also the buyer carries out an actual and conscious process of choice about them‚ which leads the buyer to prefer one to another. A reason that products are considered compliments is because a product can be considered a complement when it shares a beneficial relationship
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Self-Check “Flash Cards” Chapter 2 The Manageement Movement Self Check Flash Cards • Each slide will present a term‚ concept‚ or question. • Formulate a mental response (answer). • In 7 seconds a correct response will appear. • Check your answer. • Click the “right” arrow to proceed to the next slide. 1. What were the three facets of the Industrial Revolution in America? Discuss the impact of each of the facets on the development of industry as it is today. Power‚ transportation‚ and communication
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The Differences Between Macro & Micro Economics . Microeconomics • Microeconomics studies business decisions made on an individual level. A small business owner‚ for example‚ must consider all sorts of financial decisions in order to keep a business afloat and operating‚ such as the allocation of resources‚ and must follow the tax and state regulations created by the government. Price levels must also be determined with the help of supply and demand. A business owner must thus need to know how
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The Illusion of Understanding COM200: Interpersonal Communications The Illusion of Understanding Effective communication is a difficult task between strangers and shockingly‚ even between those who have close relationships. The article titled “Close Relationships Sometimes Mask Poor Communication” reveals “people commonly believe that they communicate better with close friends than with strangers.” (Boaz Keysar) Researchers conducting a study involving couples disproved
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Communication 303 Cultural Understanding There was a time when Islam was nothing more to Americans than a far away religion in an exotic land. Today most citizens in America do not have a clear understanding of what Islam religions is about. The “Muslims in America” episode of 30 Days is about a story of a Christian Caucasian male‚ named David Stacy‚ who agreed to live with a Muslim family that were born in America. Once the question was asked to a few American citizens that were being interviewed
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My understanding of stewardship was elementary when I began to research the subject. Through research‚ I have developed a deeper understanding of‚ respect for‚ and a connection with my personal savior and Lord. According to Merriam-Webster dictionary (n. d.)‚ the definition of stewardship is “the conducting‚ supervising‚ or managing of something; especially: the careful management of something entrusted to one’s care” (definition 2). In scripture‚ the idea of stewardship is more complex. God entrusts
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Theoretical framework Authors Grant Wiggins and Jay McTighe answer these and many other questions in this second edition of Understanding by Design. Drawing on feedback from thousands of educators around the world who have used the UbD framework since its introduction in 1998‚ the authors have greatly revised and expanded their original work to guide educators across the K-16 spectrum in the design of curriculum‚ assessment‚ and instruction. With an improved UbD Template at its core‚ the book
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ORGANISATION THEORY IN EDUCATION Assignment 1- UNDERSTANDING ORGANISATIONS (LITERATURE REVIEW) INTRODUCTION Organisations‚ which have been developed over decades‚ embrace dynamic and complex elements and structures. Working in organisations requires leaders‚ managers and staff members to pay attention to these features in order to understand the organizational life and the way it works. In this paper‚ a review of the literature related to understanding organisations will be presented while the
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