Premium Essay

Lewl

In:

Submitted By reedef
Words 356
Pages 2
Multi Choice
Mc1.)d
Mc2.)c

Question 1
Opportunity cost is the next best alternative, for example. If a man walked into a shop looking for a drink, he saw two that he liked, Coke and Fanta. The man decides to go with coke, so, his opportunity cost(next best alternative to Coke) is Fanta.

Question 2
Increase in University fees- Students would be less obligated to go to Uni as when they leave they will be in more debt than before, so they would have more incentive to use there time and money elsewhere. Fall on interest rates charged to student loan- This would increase incentive to attend university as not kids who might not of attend before due to the debt of a student loan being to big, has now shrunk as interest rates have fallen. Thus cheaper to attend University.
A rise in wages for unskilled jobs- Would decrease the incentive to go to Uni as now some students might think that there time will be better spent working instead of going to Uni as the minimum wage has increased thus the decrease in incentive to attend Uni.
An increase in the average salary of university graduates- This would increase incentive to attend
Uni as now students will have more of a desire to attend Uni and graduate as now they will be earning more money due to the average salary of university graduates

Q4 Economic logic
a) John cant be sure that every time he washes his car it will rain the next day as they are completely different things which don't effect each other at all.
b) This may be the case that these students grades are increasing by 30% but they are are a minority in the school so just because they hire more tutors and make it mandatory to attend after school tutoring the all of the students grades wont necessarily improve.
c) Usually people who drive hybrid cars care more about the economy than people who drive say diesel injected cars but just

Similar Documents

Premium Essay

Retr

...RECOMMENDED SOLUTIONS TO ECON. 1266 MACROECONOMICS 2 FINAL EXAMINATION PAPER: SEMESTER | 2012. ,,1 HAVE INSERTED MY RECOMMENDED SOLUTIONS IN BOLD ITALICS AFTER EACH OF THE QUESTIONS ON THIS EXAMINATION PAPER." Question I For this question you can choose to answer either (A), or (B)' but NOT BOTH. A. Assume that the Asset Demand for money is relatively elastic or flat, and that the Investment Demand Curve, is relatively inelastic or steep. Compare and contrast the effect of an increase in Money Supply upon the overall level of economic activity, using both the traditional transmission mechanism, and in the IS'LM model. Are there any major differences between these 2 models? Your answer should include all relevant diagrams. (20 marks IN RELATION TO THIS QUESTION, STUDENTS WOALD BE EXPECTED TO IDENTIFY AND EXPILIIN THE TRADITIONAL TRANSMISSION MECHANISM AND BRIEFLY EXPLAIN ITS CONSTITUENT PARTS; NAMELY MONEY MARKET, THE INVESTMENT DEMAND CARVE, AND FINALLY THE 45 DEGREE LINE PRODUCT MARKET MODEL. THEY WOALD BE EXPECTED TO BRIEFLY DESCRIBE THE EFFECT OF AN INCREASE IN MONEY SAPPLY WHEN THE ASSET DEMAND CURVE FOR MONEY IS RELATIVLY FLAT AND THE INVESTMENT DEMAND CT]RVE IS RELATIVELY STEEP. BETTER ANSWERS WOALD EXPLAIN WHAT THE LATTER 2 SLOPES INDCATE ABOUT THE PARTICULAR MARKETS. ANSWERING THIS QAESTION STUDENTS SHOALD IDENTIFY THE 2 PARTICULAR WEAKNESSES THAT CHARACTERISE THE TRADITIONAL TRANSMISSION MECHANISM. THE ARTE THE 2 PROBLEMS...

Words: 8847 - Pages: 36

Free Essay

English

...CHECK YOUR ENGLISH VOCABULARY FOR TOEIC ® by Rawdon Wyatt A & C Black London www.acblack.com First published in Great Britain in 2006 A & C Black Publishers Ltd 38 Soho Square, London W1D 3HB © Rawdon Wyatt 2006 All rights reserved. No part of this publication may be reproduced in any form without the permission of the publishers. A CIP entry for this book is available from the British Library ISBN-10: 0 7136 7508 5 ISBN-13: 978 0 7136 7508 X eISBN-13: 978-1-4081-0234-3 Text typeset by A & C Black Printed in Italy by Legoprint A & C Black uses paper produced with elemental chlorine-free pulp, harvested from managed sustainable forests. Introduction This book has been written for anyone who is planning to take the TOEIC®, and who wants to practice and develop their vocabulary. A greater command of vocabulary is one of the key factors that will help you raise your TOEIC® score. You should not go through the exercises in this book mechanically. It is better to choose areas that you are unfamiliar with, or areas that are of specific interest or importance to you. Each exercise is accompanied by a full answer key at the back of the book. This key also gives you other information about particular vocabulary items (for example, words with similar meanings, alternative words and expressions, etc.) that are not covered in the exercises themselves. When you are doing the tasks in this book, look at the instructions carefully to make sure you understand...

Words: 35363 - Pages: 142