Economics(Hons) - Ramakrishna Mission Vidyamandira
... a) What does the term “ceteris paribus” means? How does it relate to the distinction between a change in quantity demanded and a change in demand? [½+1½] b) Consider the market for video cassette recorders (VCRs). How will each of the following changes affect demand, supply, and equilibrium price an ...
... a) What does the term “ceteris paribus” means? How does it relate to the distinction between a change in quantity demanded and a change in demand? [½+1½] b) Consider the market for video cassette recorders (VCRs). How will each of the following changes affect demand, supply, and equilibrium price an ...
9-1 - Intro to Macro
... Why study the whole economy? • The field of macroeconomics was born during the Great Depression. • Government didn’t understand how to fix a depressed economy with 25% unemployment. • Macro was created to: 1. Measure the health of the whole economy. 2. Guide government policies to fix problems. Copy ...
... Why study the whole economy? • The field of macroeconomics was born during the Great Depression. • Government didn’t understand how to fix a depressed economy with 25% unemployment. • Macro was created to: 1. Measure the health of the whole economy. 2. Guide government policies to fix problems. Copy ...
Identify the choice that best completes the statement
... ____ 16. The value of the next best alternative that has to be given up for the action that is chosen is the a. factor of production. c. opportunity cost. b. trade-off. d. productivity. ____ 17. Factors of production include which of the following? a. land, labor, and capital b. technology products ...
... ____ 16. The value of the next best alternative that has to be given up for the action that is chosen is the a. factor of production. c. opportunity cost. b. trade-off. d. productivity. ____ 17. Factors of production include which of the following? a. land, labor, and capital b. technology products ...
Economic Cycle in Pictures
... X: Recruitment agencies forecast a rise in new jobs from small businesses ...
... X: Recruitment agencies forecast a rise in new jobs from small businesses ...
Economics in History
... When Supply decreases prices go up. When Demand increases prices go up. When Supply increases prices go ...
... When Supply decreases prices go up. When Demand increases prices go up. When Supply increases prices go ...
HKMA column 265 - Hong Kong Monetary Authority
... 2004, however, the situation may have changed somewhat. The US economy is in any case doing so well now as to warrant an increasingly likely shift from an accommodative monetary policy stance to a rather more neutral one. Further increases in oil prices may strengthen the probability of that shift. ...
... 2004, however, the situation may have changed somewhat. The US economy is in any case doing so well now as to warrant an increasingly likely shift from an accommodative monetary policy stance to a rather more neutral one. Further increases in oil prices may strengthen the probability of that shift. ...
Economics: History of Micro
... social influence on the business world. If businesses charged more for a product than what the church thought it should, the church looked down upon them. So, churches kept prices down because of guilt. The church was also very powerful politically. Profit ...
... social influence on the business world. If businesses charged more for a product than what the church thought it should, the church looked down upon them. So, churches kept prices down because of guilt. The church was also very powerful politically. Profit ...
Sample Exam Questions
... marginal cost of producing each sandwich is HK$10. What is the profit maximizing price for each sandwich? 3. A person has $100 to spend on either apples or oranges. The price of apples is $5 and the price of oranges is $10 dollars. What is the ratio of the marginal utility of apples relative to the ...
... marginal cost of producing each sandwich is HK$10. What is the profit maximizing price for each sandwich? 3. A person has $100 to spend on either apples or oranges. The price of apples is $5 and the price of oranges is $10 dollars. What is the ratio of the marginal utility of apples relative to the ...
Macroeconomics
... Supply (AS) model is a variable price model. AD – AS model provides insights on inflation, unemployment, and economic growth ...
... Supply (AS) model is a variable price model. AD – AS model provides insights on inflation, unemployment, and economic growth ...
ECONOMICS DPM REVIEW
... When a choice is made, the opportunity cost is the value of what is given up. Therefore, all countries must make choices when answering the three economic questions. What should be produced? Who should produce them? Who will get them? ...
... When a choice is made, the opportunity cost is the value of what is given up. Therefore, all countries must make choices when answering the three economic questions. What should be produced? Who should produce them? Who will get them? ...
Chapter 13 vocabulary - Econ
... 2. Seasonal unemploymentunemployment that occurs as a result of harvest schedules or vacations, or when industries slow or shut down for a season 3. Structural unemploymentjobs that are available ...
... 2. Seasonal unemploymentunemployment that occurs as a result of harvest schedules or vacations, or when industries slow or shut down for a season 3. Structural unemploymentjobs that are available ...
Weekly Economic Report December 4, 2006
... US dollar continued its sharp slide against the yen and the Euro raising concerns about inflation and possibly delaying any cut in short-term interest rates by the Fed ...
... US dollar continued its sharp slide against the yen and the Euro raising concerns about inflation and possibly delaying any cut in short-term interest rates by the Fed ...
Trend of the price of spot-LNG (Preliminary Figures for January 2016
... 7.1USD/MMBtu. The average price of spot-LNG imported into Japan that arrived in January 2016 is 7.9USD/MMBtu. (See Notes below for the arrival-based price. Statistical accounting of these prices started from March 2014 (Statistics have been published since April 2014.). Therefore, spot-LNGs that wer ...
... 7.1USD/MMBtu. The average price of spot-LNG imported into Japan that arrived in January 2016 is 7.9USD/MMBtu. (See Notes below for the arrival-based price. Statistical accounting of these prices started from March 2014 (Statistics have been published since April 2014.). Therefore, spot-LNGs that wer ...
Price Stickiness - Personal.psu.edu
... ship into port. If fact, the Keynesians go one step farther and argue that it is the obligation or duty of policymakers to pursue full employment and stable prices, many times referred to as a dual mandate. Click Here for more. So why are prices sticky? The first observation is that we need to note ...
... ship into port. If fact, the Keynesians go one step farther and argue that it is the obligation or duty of policymakers to pursue full employment and stable prices, many times referred to as a dual mandate. Click Here for more. So why are prices sticky? The first observation is that we need to note ...
Almost half of the world`s oil demand resides in non
... countries is expected to total 1.2 million bbl/d in 2008, accounting for virtually all of the world’s demand growth. On average, non-OECD countries use oil for 65 percent of their total energy consumption, in contrast to slightly more than 50% in OECD countries. ...
... countries is expected to total 1.2 million bbl/d in 2008, accounting for virtually all of the world’s demand growth. On average, non-OECD countries use oil for 65 percent of their total energy consumption, in contrast to slightly more than 50% in OECD countries. ...
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... In contrast, Texas has a diversified economy, so the impact of falling oil prices is not as damaging to the state’s employment and revenue as it is for some other oil-producing states. Despite a weakening Texan economy since late 2014, the authors assert that Texas is probably not on the brink of a ...
... In contrast, Texas has a diversified economy, so the impact of falling oil prices is not as damaging to the state’s employment and revenue as it is for some other oil-producing states. Despite a weakening Texan economy since late 2014, the authors assert that Texas is probably not on the brink of a ...
Why Has This Recession Not Produced a Price Deflation?
... “Southern” wages remained tied to some subsistence level because of the existence of huge labour reserves, while the “Northern” wages could move up with increases in labour productivity, notwithstanding the existence of some local reserve army of labour which was rather small. Contemporary globaliza ...
... “Southern” wages remained tied to some subsistence level because of the existence of huge labour reserves, while the “Northern” wages could move up with increases in labour productivity, notwithstanding the existence of some local reserve army of labour which was rather small. Contemporary globaliza ...
FedViews
... for Supply Management indicated that new orders for manufacturers and nonmanufacturers were very strong in February. ...
... for Supply Management indicated that new orders for manufacturers and nonmanufacturers were very strong in February. ...
Mar 2011 - Spears Abacus
... recession, but macroeconomic activity, deficits and GDP have less direct impact on long term stock performance than net profits and cash flow for the individual entity. We have now had a sustained market advance for two years and we as a firm have stayed optimistic through the entire period. Simply, ...
... recession, but macroeconomic activity, deficits and GDP have less direct impact on long term stock performance than net profits and cash flow for the individual entity. We have now had a sustained market advance for two years and we as a firm have stayed optimistic through the entire period. Simply, ...
New Zealand housing market
... Housing is a major source of risk … • To the housing sector - around ¾ of household assets ...
... Housing is a major source of risk … • To the housing sector - around ¾ of household assets ...
2000s commodities boom
The 2000s commodities boom or the commodities super cycle was the rise in many physical commodity prices (such as those of food stuffs, oil, metals, chemicals, fuels and the like) which occurred during the decade of the 2000s (2000–2009), following the Great Commodities Depression of the 1980s and 1990s. The boom was largely due to the rising demand from emerging markets such as the BRIC countries, as well as the result of concerns over long-term supply availability. There was a sharp down-turn in prices during 2008 and early 2009 as a result of the credit crunch and sovereign debt crisis, but prices began to rise as demand recovered from late 2009 to mid-2010. Oil began to slip downwards after mid-2010, but peaked at $101.80 on 30 and 31 January 2011, as then Egyptian political crisis and rioting broke out, leading to concerns over both the safe use of the Suez Canal and over all security in Arabia itself. On 3 March, Libya's National Oil Corp said that output had halved due to the departure of foreign workers. As this happened, Brent Crude surged to a new high of above $116.00 a barrel as supply disruptions and potential for more unrest in the Middle East and North Africa continued to worry investors. Thus the price of oil kept rising into the 2010s. The commodities super-cycle peaked in 2011, ""driven by a combination of strong demand from emerging nations and low supply growth."" Prior to 2002, only 5 to 10 per cent of trading in the commodities market was attributable to investors. Since 2002 ""30 per cent of trading is attributable to investors in the commodities market"" which ""has caused higher price volatility.""