ANSWER: ______________ 3) The opportunity cost of leisure will rise if A) the wage rate increases. B) the wage rate decreases. C) nonlabor income increases. D) nonlabor income decreases. ANSWER: ______________ 4) A rise in the interest rate A) decreases the opportunity cost of consuming today. B) increases the opportunity cost of consuming in the future. C) increases the opportunity cost of consuming today. D) decreases the opportunity cost of consuming in the future. ANSWER: ______________
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Economic development is, the definition by Michael Todaro is singled out to do justice to that. The definition of economic development given by Michael Todaro is an increase in living standards, improvement in self-esteem needs and freedom from oppression as well as a greater choice. The most accurate method of measuring development according to him is the Human Development Index which takes into account the literacy rates & life expectancy which affects productivity and could lead to Economic
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TOOLS AND METHODS FOR MEASURING PUBLIC AWARENESS Project: South-East European Digital Television Acronym: SEE Digi.TV Version A-1.0; Date: 04.04.2012 Tools and methods for measuring public awareness / A-1.0 Page: 1/47 DOCUMENT HISTORY Version A-1.0 Status Approved Date 04.04.2012 Author IVSZ, SINTESIO Comments Approved version Approved by Project manager CONTENT 1 Introduction ..............................................................
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1) Norgaard discusses “ways of knowing, forms of social organizations and types of technologies.” What changes have occurred in society, the US and globally, in the last century that have causes society to begin to be concerned with environmental issues? Why might these be thought of as new challenges to human society? Response: Many changes have occurred in the United States of America over the last century that has led to the concern of environmental issues. First is the issue of industrialization
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deducting the cost of all inputs, including cost of the capital tied up. TBL is the economic impact the organization has on its economic environment. That can be confused to be limited to the internal profit made by a company or organization. TBL approach cannot be interpreted as simply traditional corporate accounting profit plus social and environmental impacts unless the "profits" of other entities are included as a social benefit. (Timothy F. Slaper) How does TBL work? TBL works by measuring our worlds
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high in Nigeria. The study therefore evaluated NAPEP’s performance in the area of human capital development, infrastructure facilities, access to safe drinking water, sanitation and access to basic education which are some of the parameters for measuring poverty level. A descriptive survey design was adopted with a sample population of 400 which spread across the six local governments studied. The major instrument for data collection was a structured questionnaire, which was distributed to the
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1. A perfectly competitive market has the following characteristics. (i) The market consists of buyers and sellers who are price takers. (ii) Each firm in the market produces undifferentiated and homogenous products. (iii) Buyers and sellers have perfect information about the price prevailing in the mark! About the availability of commodities at any given point of time. (iv) Firms can enter or exit the market freely. Implications: The implications of all these features is that there is single
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considerably higher than that of the entire United States. This can be due to the reason that cost of living in New York is very high as compared to most of the other cities in the United States and hence the median wage and annual salary is higher. Using the same logic, we see that these figures for Hawaii are considerably lesser than that of the entire United States and other metropolitan areas because the cost of living in Hawaii is relatively lesser than the other places. d) The incentive pay system
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houses and vehicles, as shown above, which therefore led to a sharp, accelerate inflation that I will discuss from the newspaper article. The summary of newspaper article – Singapore inflation increased sharply last month, led by a jump in the cost of cars and housing, suggesting the central bank may tighten monetary policy further when it comes up for review in October. While housing remain the largest contributor to inflation this year, the COE have increase 40% since the start of the year
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people across the world want to have the best quality of life for themselves and for their families. In measuring their quality of life, many would look at how much they earn per year, how many cars they own, what size of home they live in, and the material goods they have as having a good quality of life. But what some may not realize is that they are actually measuring their standard of living. Quality of life is subjective and may be different from one person to the next. The amount of income
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