com/q/mg-640-final-exam-managerial-economics/26347 ------------------------------------------------- ------------------------------------------------- PART I : Problem/Discussion 1. a. Why would you expect unemployment to fall during an economy’s expansionary phrase and to rise during a contractionary phrase? Discuss and make reference to the business cycle. b. Why does GDP measure only final goods and services produced rather than all goods and services produced? Explain 2. Why is the aggregate demand (AD) curve
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BUSS 1002 Short Notes Date: Wednesday 20 June, 1.50pm Length: Exam is 3 hours + 10 minutes reading time SECTION A (key concepts and application) – worth 20 marks SECTION B (A-CA-R application to a business problem) – worth 30 marks SECTION C (company analysis – same format as Company Report; company will be from the aviation industry) – worth 50 marks All three sections will require you to draw on your knowledge in relation to the main themes taught throughout the semester. SECTION A NOTES
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1-55775-535-3 | | | | Guidelines for Fiscal Adjustment Fiscal Affairs Department International Monetary FundContentsPrefaceIntroductionWhy May Fiscal Adjustment Be Needed? The Impact of Fiscal Policy on Macroeconomic Policy Objectives Inflation External Current Account Growth Fiscal Adjustment to Ensure Sustainability Links to Other Policy InstrumentsHow Should the Fiscal Stance Be Assessed? Fiscal Impact of Alternative Methods of Deficit
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GRADE 12 2.1 Format of the question papers 2.2 Detail of question papers 4 4 4 3. CONTENT 6 4. CONCLUSION Copyright reserved 25 Please turn over Economics 1. 3 Examination Guidelines DBE/2014 INTRODUCTION The Curriculum and Assessment Policy Statement (CAPS) for Economics outlines the nature and purpose of the subject Economics. This guides the philosophy underlying the teaching and assessment of the subject in Grade 12. The purpose of these Examination Guidelines is to: • • Provide
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respectively, the country’s net foreign wealth after three years would be $0B. - For a country that has bigger imports than exports, thus net foreign wealth of the economy with a deficit; the government should not interfere by implementing policies such as tariffs. True that policy such as tariffs and quotas could reduce imports, which would technically fix current account deficit. However, reducing imports would also cause an increase in the value of the domestic currency relative to other currencies and make
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Assessment Quiz -- explanations for answers 1. If China can produce 10 units of good A or 5 units of good B and India can produce 9 units of good A or 3 units of good B, then China has a. | a comparative advantage in both goods. | b. | a comparative advantage in good B. | c. | a absolute advantage in good A but not in good B. | d. | a comparative advantage in good A. | e. | a comparative advantage in neither good. | Don Answer is B. Reducing the ratios to China
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DATE: 19th October, 2015 ASSIGNMENT TOPICS: Question 1 * Comparing and contrasting business environments in 2 countries – Nigeria and United States by: * Evaluating how their business environment is influenced by government economic policy which may be identified through the application of economic theory. * Critically evaluating the local economic business environment measured against the choice of a comparative international economic and business system. (Pictorial techniques
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of Monetary policy on some significant economic variables like exchange rate, gross domestic product and inflation using data from 1960-2010 to analyze the results. We have taken the data in percentage form. A great number of empirical studies on the relationships of monetary policy and inflation are available and most of these have analyzed the effectiveness of monetary policy in controlling inflation in Pakistan. In this paper we have presented the effectiveness of monetary policy it’s framework
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enforces laws ensuring that private enterprises and conditions of competition will prevail. True False Question 4 The most common type of business in the United States is the corporation. True False Question 5 Laissez-faire is a policy of no government intervention in the economic activities of individuals and businesses. True False Question 6 In a partnership, each partner’s liability is limited to his or her contribution to the partnership. True False Question
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Economics theories (Neo) Classical Theories 1. Introduction The term 'Classical' refers to work done by a group of economists in the 18th and 19th centuries. Much of this work was developing theories about the way markets and market economies work. Much of this work has subsequently been updated by modern economists and they are generally termed neo-classical economists, the word neo meaning 'new'. 2. Belief Classical economists were not renowned for being a happy, optimistic bunch of economists
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