CHAPTER 3 – INTERDEPENDENCE BETWEEN MAJOR SECTORS‚ MARKETS AND FLOWS IN THE MIXED ECONOMY STUDY UNIT 1 Production‚ Income and Spending *Identify the three major flows in the economy Production – occurs and generates income Income - earned Spending – Buy available goods and services *Distinguish between a flow and a stock (Box 3-1 Stocks and Flows) STOCKS FLOWS Measured at a particular point in time NO time dimension Has a Time dimension – only measured over a period Water level
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THE ROLE AND USES OF MONEY The classical economists were of the view that money was discovered to remove the defects of barter. The important functions of money for them were to serve as a medium of exchange and standard of material. They examined in detail the characteristics of a good money material and the forces which operate in determining the value of money. The classical economists were of the view that the volume of output‚ the quantity and quality of the goods to be consumed‚ the volume
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IS money ruining sports Money has always been involved in sports since the early ages. In today’s context due to the wrong use of money the prestige of sports has been declining. Cases such as match fixing‚ betting‚ corruption can sometimes be seen in the headline of newspapers and magazines. It is an inevitable fact that these cases is spoiling the reputation of sports. However‚ money is also helping find and encourage sportsperson and fans too. Corruption and bribery is some of the activities
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Demand for Money T 1) Multiple Choice The quantity theory of money is a theory of (a) how the money supply is determined. (b) how interest rates are determined. (c) how the nominal value of aggregate income is determined. (d) all of the above. Answer: C Question Status: Previous Edition 2) Because the quantity theory of money tells us how much money is held for a given amount of aggregate income‚ it is also a theory of (a) interest-rate determination. (b) the demand for money. (c) exchange-rate
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were to occur in major fishing areas it could lead to major economic issues. The fishing market would be devastated‚ as the marine organisms of the area have been contaminated. Many people would be out of work. There would be a substantial amount of money put into the recovery of the area. 3. Many of the symptoms related to shellfish poisoning can be easily confused with that of common illnesses. It would be nearly impossible to trace the illness to the source of contaminated fish. Many would
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following: Report 1. The Report should be typed in ▪ Times New Roman ▪ Font size 12 ▪ Line Spacing 1.5 ▪ Give 1” margin on top‚ bottom and right side of the page & 1.5” on the left side. ▪ Chapter heading : font type: Times New Roman ‚ font size: 14 bold‚ uppercase ▪ Title‚ sub title : 12 Times New Roman bold ▪ The project report should have a minimum of 40 no. of pages and should not exceed 150 pages. Use A-4Size Pages
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course: 22 ways of generating black moneyBlack money‚ according to the white paper released today‚ can be generated mainly under two heads: generating it by manipulation of accounts and generating it in some vulnerable sections of the economy. | | As promised‚ finance minister Pranab Mukherjee is out with the white paper on black money‚ which attempts to give an elaborate backgrounder on the generation of black money in India and abroad. Black money‚ according to the white paper released today
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Definition: Plastic money is a term that is used predominantly in reference to the hard plastic cards we use every day in place of actual bank notes. They can come in many different forms such as cash cards‚ credit cards‚ debit cards‚ pre-paid cash cards and store cards. Introduction: A slang phrase for credit cards‚ especially when such cards used to make purchases. The "plastic" portion of this term refers to the plastic construction of credit cards‚ as opposed to paper and metal of
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years later‚ the United States executive branch no longer cares about moon travel. I guess it is just old and cliché and has been done before. So now President Obama wants to hand over space travel to private companies who are just going to compete with NASA for contracts to send astronauts to the moon in their "space taxis". The rationale behind Obama cutting funding for the Constellation program‚ possibly the only good thing George Bush did in his reprehensible and embarrassing eight years as president
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Through the work of millenias‚ small steps and great leaps have been made in that exploration of the stars. The climax so far of this in history of exoplanetary discoveries came about during 1950s to 1970s‚ the Space Race. To me space has always been the ultimate wanderlust in mind. It is the true final frontier of man‚ but it could also be man’s ultimate demise. This is apparent because the reason behind the Space Race was to stop that very dark outcome from coming to pass. To turn that void of
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