Economics coursework Question A After World War II local authorities in some European cities (Berlin and Frankfurt‚ for instance) prescribed ceilings on rental prices for city flats. The idea was to make access to appropriate dwelling space largely independent of income. Although the measures served the purpose for a while‚ very soon negative side-effects did appear; in particular‚ black markets for flats developed‚ and‚ in the longer run‚ inner cities’ residential houses got dilapidated. Use economic
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Part A – Microeconomics: Question 1: Indicate whether each of the following changes in price cause total revenue to increase‚ decrease or remain unchanged? Explain why. (2 marks each) a Price falls and demand is elastic; b Price rises and demand is elastic; c Price falls and demand is unitary elastic; d Price rises and demand is unitary elastic; e Price falls and demand is inelastic. Question 2: a Define‚ describe and illustrate with a diagram‚ one opportunity cost
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BIOS251 Midterm Study Guide The Midterm exam consists of 25 multiple choice questions worth 4 points each‚ and five essay questions worth 20 points each for a total of 200 points. It covers material learned in Weeks 1–4‚ including the following TCOs: 1 Given a chart illustrating the anatomical human body‚ classify the levels of structural organization in the human body and interpret their relationships. 2 Given glass slides or electronic images of histological specimens‚ classify the cells
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IEOR 166‚ Spring 2013 S. Oren MIDTERM I Closed Books (One two sided 8.5x11” note sheet allowed) Time allowed 55 Minutes SHOW ALL YOUR WORK You may not consult anyone other than the professor or the GSI Only one double sided note sheet 8.5” x 11” allowed You may not use any electronic devices other than a calculator You cannot use a PHONE as a calculator Your Last Name: ___________________________________________________ Your First Name: ___________________________________________________
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Fundamental Economic Concepts: Introduction CHAPTER 1: 1. Risk is best thought of as a. the chance that the actual return will be zero or negative b. the chance that the actual return will differ from the expected return c. the chance that the expected return will be lower than what investors demand d. the chance that the expected return will be incorrectly estimated 2. Which of the following is INCORRECT about risk-averse investors? a. They always try to minimize their risk regardless
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EPGP Quiz 1 Time: 1 hour‚ closed book Answer all questions. Circle the correct answer. 2 points each. 1. The law of demand states that‚ holding all else constant: A. as price falls‚ demand will fall also. B. as price rises‚ demand will also rise. C. price has no effect on quantity demanded. D. as price falls‚ quantity demanded rises. 2. Which of the following would not shift the demand for good A? A. Drop in price of good A. B. Drop in price of good B. C. Consumer income. D. Change
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Question 1 (8 marks) Using supply-and-demand diagrams‚ show and explain the effect of the following events on the market for woollen jumpers. An outbreak of ‘foot-and-mouth’ disease hits farms in Australia. (2 marks) Supply curve shifts left Whenever there is an outbreak of ‘foot-and-mouth’ disease in Australian farms‚ the result is an increase to the input prices for producing woollen jumpers. As a consequence‚ the supply of woollen jumpers shifts to the left on the graph‚ as shown
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MBA 6320 – Strategic Management Midterm Examination 1) It is widely recognized that changes in technology and competition have diminished many of the traditional roles of location. Resources‚ capital‚ technology‚ and other inputs can be efficiently sourced in global markets. Firms can access immobile inputs via corporate networks. It is no longer necessary to locate near large markets to serve them. Governments are widely seen as losing their influence over competition to global forces. It is
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Midterm Exam Section 1: Definition of terms. Authority: the power or right to give orders‚ make decisions‚ and enforce obedience. e.g.: In the presidential election‚ the winning party takes office without a struggle or show of military force because everyone understands the legitimacy of its newly won authority. It is important because the orders made from a government without authority will not be implemented. Power: the political power is the ability to shape and control the political
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STAT220 Spring 2012 Practice Midterm 1. Let A and B be events such that P(A) = 0.25 and P(B) = 0.16. Find P(A|B) if (a) P(A B) = 0.06 (b) P(B|A) = 0.4 (c) P(AB) = 0.33 (d) A and B are independent (e) A and B are mutually exclusive 2. Among employees of a certain firm‚ 70% know C/C++‚ 60% know Java‚ and 90% know at least one of the two languages. (a) What is the probability that a selected programmer knows both languages? (b) What is the probability that a selected programmer knows C/C++ but not
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