1. Below is a list of topics in usually studied in economics. Determine whether each topic deals under the area of microeconomics or macroeconomics. a. How Bangko Sentral ng Pilipinas influences the consumer spending in the Philippines. b. How a household decides what LPG brand to buy. c. How a firm decides whether to continue business or shutdown. d. How debt affects the income gap among Filipinos. e. How new parents decide whether to work or stay at home with their children. f. How the
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[Pick the date] | Home | development | Economic development‚ achieved largely through productivity growth‚ is very important to both developed and developing nations. However‚ even though we know that higher productivity leads to improved economic outcomes there has been no consensus among researchers about either the desired path of development or the role of state in economic development. Concerning the path of development‚ Lall (2001) says that the appropriate strategy for any
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ECONOMICS FOR MANAGERS UNIT I Introduction: Economics can be divided into two broad categories: microeconomics and macroeconomics. Macroeconomics is the study of the economic system as a whole. It includes techniques for analysing changes in total output‚ total employment‚ the consumer price index‚ the unemployment rate‚ and exports and imports. Macroeconomics addresses questions about the effect of changes in investment‚ government spending‚ and tax policy on exports‚ output‚ employment and prices
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FINAL EXAMINATION PROGRAMME: MASTER OF BUSINESS ADMINISTRATION (MBA): GENERAL AND TOURISM- YEAR ONE MODULE: ECONOMICS DATE: 21 NOVEMBER 2011 DURATION: 3 Hours EXAMINER: Mr I Govender INTAKE: JANUARY 2011 TIME: 09h00 – 12h00 TOTAL MARKS: 100 MODERATOR: Dr D Mukuvisi INSTRUCTIONS TO THE CANDIDATE: 1. Questions must be attempted in the answer book provided. 2. All queries should be directed to the invigilator; do not communicate or attempt to communicate with any other candidate. 3. You have THREE
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Importance Of Economics Everyone is a part of economy and everyone uses the rules of economy too. From the time we are born‚ we become consumers of various products and services (say‚ medical services‚ baby foods‚ and so on). We grow and diversify to attain various different roles as producers‚ traders‚ mediators and agents. Today’s world is that of “economic imperialism”‚ where economical factors‚ most importantly‚ money dictates all the elements of the society‚ not to forget close family relations
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Scarcity-The basic economic problem that arises because people have unlimited wants but resources are limited. Americans in recent years had to cut back on lavish goods because of the scarcity of money. Economics- The science that deals with the production‚ distribution‚ and consumption of goods and services‚ or the material welfare of humankind. Economics involves many issues in the economy of the country and world‚ from politics to money. Efficiency-A broad term that implies an economic state in
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NAME: TRAN CONG THANH CLASS: GMA02 1a.How do clusters allow us to understand business development? Think of cluster‚ we think about interconnected businesses working together in a region in a particular field. So being a part of cluster allows individuals or companies to operate more productivity and efficiency. Cluster is a typical place where receive so many support and investment from government and institutions about infrastructure in order to enhance companies ‘s productivity as well as
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economy for our country. There have 3 factors that responsible with economy in Malaysia: Definition of Mixed Economy Mixed economy means that part of economy is left to the free market and the other part is run by the government. In reality‚ most economic are mixed economy with varying degrees of state intervention. Mixed economies start from the basic of following private enterprise to run most business. There have the country which practises mixed economy such as Sweden‚ Iceland‚ United Kingdom
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INTRODUCTION Elected officials in the nation’s capital are acting like zombies taking bites out of the national economic recovery‚ and infecting Florida in the process. In his final state economic forecast for 2013‚ University of Central Florida economist Sean Snaith‚ revised the positive economic growth trend for the Sunshine State because of the “antics in D.C.” “The situation in Washington‚ D.C. is looking more and more like a movie that is a hybrid of Night of the Living Dead and Groundhog Day
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measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate. This is the number of unemployed persons divided by the number of people in the labor force. http://www.investopedia.com/terms/u/unemployment.asp#ixzz2NJ3XTGJR Unemployment causes many problems for the whole society YEAR | PERCENTAGE | PEOPLE | 1966-1972 | Less than 2% | 4000 | 1973-1981 | From 2%-6% | 80‚000 | 1982-1983 | 28% | From 88‚000-189‚000 | The economic recovery
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