UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Level ECONOMICS Paper 4 Data Response and Essay (Supplement) October/November 2005 2 hours 15 minutes Additional Materials: Answer Booklet/Paper 9708/04 w w w e tr .X m eP e ap .c rs om READ THESE INSTRUCTIONS FIRST If you have been given an Answer Booklet‚ follow the instructions on the front cover of the Booklet. Write your Centre number‚ candidate number and name on all the work you hand in. Write in
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Questions to idenfy a busines’s >> Business Profile: Major activities How is the business structured Types of products / services it provides Brief profile of the owner Previous experiences / qualifications Reasons for starting this business Personality traits / skills / competencies (Appendix 1) How does the owner believe he can successfully run the business What goals has he set for the business / time frame Outlining the short term goals for the business. Outlining
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Business Economics Questions: 1. Explain the subject matter of economics as question concerning the adjustments between unlimited want and limited resources. 1 & 2 2. Explain how Market/Price mechanism solves there central problems of economics 1 & 2 3. Explain why the price in competitive markets settles down the equilibrium intersection of supply and demand. Explain what happens if the market price starts out too high or too low. 3 4.Explain the economic meaning 0f price elasticity
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the examiners about the student’s knowledge and ability. © IMM Graduate School of Marketing Good Answer Booklet MAC/ECO101 Page 3 of 22 MACROECONOMICS (MAC) ECONOMICS 1 (ECO101) 24 OCTOBER 2012 SECTION A (40 MARKS) COMPULSORY QUESTION 1 (MULTIPLE CHOICE) [/40] SECTION B (60 MARKS) ANSWER ANY THREE (3) QUESTIONS QUESTION 2 [20/20] 2.1 According to the Keynesian view of money‚ there are three reasons why people hold money. Briefly describe the three (3) motives for holding money and
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Velammal Institute of Technology Department of Computer Science and Engineering MG2452- Engineering Economics and Financial Accounting Question Bank Part A: 1. Define economics 2. Define managerial economics. 3. Define micro economics 4. Define macroeconomics 5. Differentiate micro and macroeconomics 6. Draw economic circle. 7. State the subject matter of economics. 8. What is scarcity? 9. What is firm? 10. What are the objectives of firm? 11. What are
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varunpachauri8@gmail.com Wireless Electricity Abstract—The present paper intends to link several disciplines in an attempt to describe the concept of wireless electricity. Wireless transmission is useful in cases where interconnecting wires are inconvenient‚ unaffordable‚ expensive‚ hazardous‚ unwanted or impossible. A large part of the energy sent out by the generating plant must arrive at the receiver to make the system economical. Some common forms of wireless electricity transmission methods are
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Revision questions 1. Define the term “consumer rationality” and outline the conditions that must be fulfilled for consumer rationality 2. Using indifference curves derive the demand curve for a normal good. 3. With the help of a diagram distinguish between the income effect and substitution effect of change in the price of a normal good. 4. Using an illustration‚ explain the concept of market equilibrium
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Questions economic policy • Point out the reasons why it’s worth an economy has a low inflation Low inflation promotes the efficient use of productive resources . Conversely ‚ when inflation is high time some individuals and some of the economic resources are invested in the search for mechanisms to fend off inflation. For example ‚ when inflation is high‚ companies should allocate more resources to the management of its portfolio to avoid financial losses . These are unproductive uses that
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Economics questions Top of Form [pic][pic][pic] 1. Scarcity: [pic]A) exists because resources are unlimited while human wants are limited. [pic]B) means we are unable to have as much as we would like to have. [pic]C) will likely be eliminated as technology continues to expand. [pic]D) is not an issue addressed in economics. 2. Which of the following is true of resources? [pic]A) Resources are inputs used to produce goods and services. [pic]B) Labor is the mental and physical capacity
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Summer Reading: Naked Economics Chapter 1: The Power of Markets 1. What are the two basic assumptions that economists make about individuals and firms? The two basic assumptions that economists make is that individuals do what they can to make themselves as well off and prosperous as possible and that firms attempt to maximize profits. 2. What is the role and significance of prices in the market economy? With demand rising‚ the price of a particular item will usually go up. This means
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