This document provides an overview of production possibility curves (PPC) and opportunity costs. It begins by listing the key objectives which are to explain what a PPC is, discuss causes and consequences of a PPC shift, and how to draw and interpret a PPC. It then defines a PPC as illustrating the combinations of goods that can be produced by a single entity. The document discusses constant and increasing opportunity costs and what points are attainable, undesirable, or unattainable on a PPC. It lists factors that can cause a PPC shift such as changes in resources or technology. Finally, it includes sample questions about PPC curves and shifts.
Economics project on Production Possibilty CurveNiraj Kumar
A full economics project for the first time ever. Economics project on PPC. PPC a topic from book. This project includes everything realted to PPC. This project had covered each and every corner of this topic.
Here are the key similarities and differences between microeconomics and macroeconomics:
Similarities:
- Both use basic economic concepts like supply and demand
- Microeconomic decisions and behaviors aggregate to impact macroeconomic outcomes
Differences:
- Scope - Micro focuses on individual agents/markets, macro looks at the overall economy
- Units of analysis - Micro examines prices, macro examines metrics like GDP, unemployment
- Goals - Micro aims to understand pricing and resource allocation, macro aims to achieve full employment, stable prices, economic growth
- Tools - Micro uses supply/demand, macro uses models like IS-LM and AS-AD curves
So in summary, while they use some similar foundations, microeconomics
Solutions manual for economics 4th edition by krugman ibsn 9781464143847Kinicki223
Solutions Manual for Economics 4th Edition by Krugman IBSN 9781464143847
Download at: https://goo.gl/cXtEMa
People also search:
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This document contains 6 practice questions about production possibility frontiers (PPF). It covers key concepts such as opportunity cost, shifts in the PPF curve, and how events like technological progress, economic growth, and resource allocation affect the PPF. For each question, it asks the reader to define terms, draw and analyze PPF diagrams, and discuss implications for efficiency and economic performance.
This document appears to be instructions for an economics entrance exam in India. It provides details about the exam such as the date, time limit, number of questions, and scoring information. It instructs students to write their hall ticket number on the paper and answer sheet. It indicates there are two sections, with Section A having 25 questions and Section B having 75 questions. Use of a non-programmable calculator is allowed.
This document provides a syllabus and study material for the Economics class of Class XII in 2014-15. It outlines the course content, which is divided into two parts - Introductory Microeconomics and Introductory Macroeconomics. The Microeconomics section covers topics such as consumer behavior, producer behavior, market structures, and the introduction lesson. The introduction lesson defines key economic concepts such as scarcity, choice, opportunity cost and presents the production possibility curve. It also describes the three basic economic problems of what to produce, how to produce and for whom to produce. The document provides sample questions for students and a test paper with questions from the introduction lesson.
Economics 248 assignment 2 (version a) complete solutions correct answers keySong Love
This document provides the questions and instructions for Economics 248 Assignment 2. It consists of 10 questions assessing understanding of topics like the Phillips curve, aggregate demand and supply, monetary and fiscal policy tools, international trade, exchange rates, and balance of payments. Students must answer each question clearly and concisely based on their understanding of the course material from Units 4-6. The assignment is worth 10% of the student's overall grade for the course.
The document discusses microeconomics concepts like production possibilities curves, opportunity cost, and factors of production. It provides sample multiple choice questions that test understanding of these microeconomic concepts, such as how the slope of a production possibilities curve represents the opportunity cost of producing more of one good. It also includes examples of using production possibilities curves to illustrate concepts like inefficient use of resources and the impact of economic growth.
Economics project on Production Possibilty CurveNiraj Kumar
A full economics project for the first time ever. Economics project on PPC. PPC a topic from book. This project includes everything realted to PPC. This project had covered each and every corner of this topic.
Here are the key similarities and differences between microeconomics and macroeconomics:
Similarities:
- Both use basic economic concepts like supply and demand
- Microeconomic decisions and behaviors aggregate to impact macroeconomic outcomes
Differences:
- Scope - Micro focuses on individual agents/markets, macro looks at the overall economy
- Units of analysis - Micro examines prices, macro examines metrics like GDP, unemployment
- Goals - Micro aims to understand pricing and resource allocation, macro aims to achieve full employment, stable prices, economic growth
- Tools - Micro uses supply/demand, macro uses models like IS-LM and AS-AD curves
So in summary, while they use some similar foundations, microeconomics
Solutions manual for economics 4th edition by krugman ibsn 9781464143847Kinicki223
Solutions Manual for Economics 4th Edition by Krugman IBSN 9781464143847
Download at: https://goo.gl/cXtEMa
People also search:
economics paul krugman 4th edition pdf
economics paul krugman robin wells 4th edition pdf
paul krugman and robin wells microeconomics 4th edition pdf
essentials of economics 4th edition pdf krugman
economics paul krugman robin wells pdf
paul krugman and robin wells macroeconomics 4th edition pdf
essentials of economics krugman pdf
economics paul krugman 4th edition answers
This document contains 6 practice questions about production possibility frontiers (PPF). It covers key concepts such as opportunity cost, shifts in the PPF curve, and how events like technological progress, economic growth, and resource allocation affect the PPF. For each question, it asks the reader to define terms, draw and analyze PPF diagrams, and discuss implications for efficiency and economic performance.
This document appears to be instructions for an economics entrance exam in India. It provides details about the exam such as the date, time limit, number of questions, and scoring information. It instructs students to write their hall ticket number on the paper and answer sheet. It indicates there are two sections, with Section A having 25 questions and Section B having 75 questions. Use of a non-programmable calculator is allowed.
This document provides a syllabus and study material for the Economics class of Class XII in 2014-15. It outlines the course content, which is divided into two parts - Introductory Microeconomics and Introductory Macroeconomics. The Microeconomics section covers topics such as consumer behavior, producer behavior, market structures, and the introduction lesson. The introduction lesson defines key economic concepts such as scarcity, choice, opportunity cost and presents the production possibility curve. It also describes the three basic economic problems of what to produce, how to produce and for whom to produce. The document provides sample questions for students and a test paper with questions from the introduction lesson.
Economics 248 assignment 2 (version a) complete solutions correct answers keySong Love
This document provides the questions and instructions for Economics 248 Assignment 2. It consists of 10 questions assessing understanding of topics like the Phillips curve, aggregate demand and supply, monetary and fiscal policy tools, international trade, exchange rates, and balance of payments. Students must answer each question clearly and concisely based on their understanding of the course material from Units 4-6. The assignment is worth 10% of the student's overall grade for the course.
The document discusses microeconomics concepts like production possibilities curves, opportunity cost, and factors of production. It provides sample multiple choice questions that test understanding of these microeconomic concepts, such as how the slope of a production possibilities curve represents the opportunity cost of producing more of one good. It also includes examples of using production possibilities curves to illustrate concepts like inefficient use of resources and the impact of economic growth.
The document summarizes key concepts in economics including:
1. Economists play two roles as scientists who try to explain how the world works and as policy advisors who try to improve it.
2. Models like the circular flow diagram and production possibilities frontier (PPF) are used to simplify and illustrate economic concepts. The circular flow shows how resources and dollars flow between households and firms. The PPF shows the tradeoff between two goods based on available resources.
3. Microeconomics studies household and firm decisions in markets while macroeconomics examines overall economic performance and policy. Positive statements describe the world objectively while normative statements make value judgments about policy.
The document discusses the fundamental economic problem of scarcity - that resources are limited while wants are unlimited. It explains that this scarcity requires economies to make choices about what to produce, how to produce it, and who receives it. The opportunity cost of a choice is the best alternative given up. Production possibility curves illustrate the tradeoffs between different goods that can be produced given limited resources. Technological progress, efficiency gains, education, and new resources can lead to economic growth by increasing productive potential over time.
November 2020 (v1) QP - Paper 3 CAIE Economics A-level.pdftongjia6
This document provides a 30 question multiple choice exam on economics. It includes instructions for taking the exam, informing students to choose one answer for each question and record their choice on the answer sheet. The questions cover a range of economics topics, including costs and revenues, market structures, macroeconomic policies and trade. The exam is intended to last 1 hour and 15 minutes.
1. The document contains questions and answers related to economics. It discusses key concepts like scarcity of resources, opportunity cost, production possibilities curve, central problems of what to produce and how to produce.
2. It also explains concepts like marginal utility, consumers equilibrium, indifference curves, demand, elasticity, production function, costs and revenues. Market structures like perfect competition, monopoly and oligopoly are also discussed.
3. Questions related to national income, GDP, inflation, banking, exchange rates and balance of payments are answered. Key terms involved in macroeconomics are defined and differences explained.
The document provides an overview of basic economic concepts. It defines economics as the study of how individuals and societies deal with scarcity. Scarcity means that resources are limited and not enough to satisfy all wants, so choices must be made. Microeconomics studies small economic units like individuals and firms, while macroeconomics looks at the overall economy. Positive statements are factual, while normative statements include value judgments. Economists use theories and models to understand and address economic problems. The concepts of opportunity cost, marginal analysis, and supply and demand are introduced.
The document provides instructions for a microeconomics exam consisting of three parts: Part A with 20 multiple choice questions, Part B with 4 essay questions, and Part C with 4 essay questions. Students must answer all questions in Parts A and B, and two questions from Part C. The exam covers topics including the differences between microeconomics and macroeconomics, production possibility curves, demand and supply, costs of production, and market structures. It provides details on the time allotted, materials allowed, and includes a reminder not to turn the paper over until instructed to do so.
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This document introduces the production possibilities curve (PPC) model. It discusses key assumptions of the model including fixed resources and technology. The document shows how to construct a PPC graph using numerical examples and explains what various points on the graph represent. It discusses the concepts of opportunity cost, constant opportunity costs, and increasing opportunity costs. Finally, it defines productive efficiency as occurring at any point on the PPC and allocative efficiency as the optimal point based on a society's preferences.
The document provides an overview of basic economic concepts. It discusses:
- Economics is the study of how individuals and societies deal with scarcity. Scarcity means that resources are limited and our wants are unlimited, so we must make choices about how to use resources.
- Microeconomics studies small economic units like individuals and firms, while macroeconomics looks at the overall economy. Positive economics makes factual statements, while normative economics includes value judgments.
- The production possibilities curve (PPC) model shows the tradeoffs between producing different goods given limited resources. Points on the PPC are productively efficient, while the optimal point depends on societal wants.
- Comparative advantage explains why countries
This document contains the answers to multiple choice questions from a midterm exam on topics related to economics. The key points assessed include:
1) The three institutions critical for economic growth are markets, property rights, and monetary exchange.
2) Knowledge capital is not subject to the law of diminishing returns unlike other types of capital.
3) New growth theory argues productivity depends on knowledge creation and interest rates.
4) Neoclassical and new growth theories make different predictions about long-term growth rates.
5) The rule of 70 can be used to estimate how long it will take for economies growing at different rates to converge.
6) Cost-of-service regulation sets
Math 141 Exam Final Exam Name____________________.docxendawalling
The document is a math exam for Math 141. It contains 14 multi-part questions testing a variety of math concepts including factoring, functions, inequalities, sequences, series, logarithms, and optimization problems. Students must show their work, box their answers, and use scientific calculators. The exam covers domains, ranges, increasing/decreasing intervals, relative and absolute extrema of functions, zeros, asymptotes, graphing, rational zeros of polynomials, solving inequalities, volumes of boxes, sums of sequences and series, and solving word problems involving rectangles and rates of change.
Math 141 Exam Final Exam Name____________________.docxwkyra78
Math 141 Exam Final Exam Name:_____________________________
SCIENTIFIC CALCULATORS ONLY! YOU MUST SHOW WORK FOR CREDIT!!! BOX ANSWERS!
1. [6 ea] Factor completely; simplify.
a) 12𝑥
!
" − 5𝑥
#
" − 2 b)3(4𝑥 + 5)! − 2(4𝑥 + 5) − 1
2. [4 each (a-e)] Approximate if necessary. For the given function , find/determine:
a) Domain: Range:
b) On what interval(s) is 𝑓:
i) Increasing:
ii) Decreasing:
c) ______ when ______.
d) Find any relative extrema (tell me if you have a max or min, what it is, and where it is):
e) Find any absolute extrema (tell me if you have a max or min, what it is, and where it is):
f) [2] Is 𝑓 even, odd , or neither? g) [4] What is the end behavior?
h)[4] What are the x and y- intercepts?
( )f x
( )2f - = ( ) 4f x = x =
3. [8 pts] a) Graph the function 4. [1 ea] Given 𝑔(𝑥) = −"
!
|𝑥 + 3| − 1
𝑓(𝑥) = /
2 − 𝑥, −3 ≤ 𝑥 < 1
𝑥! − 2𝑥 + 2, 𝑥 > 1
. Label 3+ points. Explain how the graph of 𝑔(𝑥) is obtained from the graph
𝑓(𝑥) = |𝑥|. (Hint: four actions=transformations)
a)
b)
c)
d)
5. [8;6] Given that
𝑓(𝑥) = #
$
, ℎ(𝑥) = log(𝑥 + 1) , 𝑗(𝑥) = !
$%"
, 𝑔(𝑥) = √𝑥 − 10
find the following and their DOMAINS. Use Interval Notation! and simplify the function when possible.
a) b)
6. [14 pts] Given 𝑅(𝑥) = &$
$#%$%"!
find:
a) Zero(s):
b) Vertical Asymptote(s):
c) Horizontal OR Slant Asymptote: d) Sketch . You do not need
specific values except for zero(s) and
asymptote. The shape needs be accurate!!!
j! f( ) x( ) ( )
( )
h x
g x
( )R x
y-
( )R xx
7. [9] Let 𝑝(𝑥) = 2𝑥' − 9𝑥! + 7.
a) List all possible rational zeros.
b) Find the remaining zeros of if one zero is −1.
8) [8] Solve the inequality 𝑥& + 2𝑥! − 3𝑥 > 0. Graph the solution on a number line and state the solutions in interval
notation.
9. [8 pts] A box with an open top is to be constructed from a rectangular piece of cardboard with dimensions inches
by inches by cutting out equal squares of side at each corner and then folding up the sides as in the figure.
Express the volume of the box as a function of and simplify completely.
( )p x
8
20 x
V x
x
x
10. [10 pts] Find for 𝑓(𝑥) = !
"#$
. Simplify!
11. [9 pts] Solve - use “zones” or sign-chart. Graph solution and express in Interval Notation.
%
"&'
≥ (
"&)
12. [8 pts] A landscape engineer has 200 feet of border to enclose a rectangular pond. What dimensions will result in the
largest pond?
( ) ( )f x h f x
h
+ -
13. a) [4 pts] Express in terms o
For more course tutorials visit
www.newtonhelp.com
BUS 640 Week 1 DQ 1 Firm Objectives
BUS 640 Week 1 DQ 2 Decision Making Under Uncertainty
BUS 640 Week 1 Economics of Risk and Uncertainty Applied Problems
BUS 640 Week 2 DQ 1 Marginal Rate of Substitution
This document outlines the course content for BUS 640 Entire Course. It includes discussion questions, applied problems, and readings for each of the 6 weeks. Week 1 covers firm objectives, decision making under uncertainty, and applied economics problems. Week 2 covers topics like marginal rate of substitution, demand elasticity, and consumer demand analysis. Week 3 includes relevant costs, contribution analysis, and production cost analysis. Week 4 covers strategic behavior in oligopolies, local market power, and a journal on economics in the news. Weeks 5 and 6 cover additional pricing and strategic decision making concepts and a final paper.
This document provides an overview and agenda for an A Level Economics revision workshop focusing on exam technique. The workshop covers multiple choice questions, numerical questions, diagram questions, and data interpretation questions. It includes sample exam questions to work through in each area. Key advice emphasized includes knowing definitions, practicing calculations, drawing diagrams where helpful, and carefully reading questions and answer options.
This document contains the CBSE syllabus and sample question paper for Economics for class 12. It outlines the topics covered in Macroeconomics including national income and related concepts, money and banking, determination of income and employment, government budgets, and balance of payments. It provides the unit-wise breakdown with number of periods and marks allotted for each. The sample question paper format and types of questions are also outlined along with 20 multiple choice questions as examples.
The document summarizes key concepts in economics including:
1. Economists play two roles as scientists who try to explain how the world works and as policy advisors who try to improve it.
2. Models like the circular flow diagram and production possibilities frontier (PPF) are used to simplify and illustrate economic concepts. The circular flow shows how resources and dollars flow between households and firms. The PPF shows the tradeoff between two goods based on available resources.
3. Microeconomics studies household and firm decisions in markets while macroeconomics examines overall economic performance and policy. Positive statements describe the world objectively while normative statements make value judgments about policy.
The document discusses the fundamental economic problem of scarcity - that resources are limited while wants are unlimited. It explains that this scarcity requires economies to make choices about what to produce, how to produce it, and who receives it. The opportunity cost of a choice is the best alternative given up. Production possibility curves illustrate the tradeoffs between different goods that can be produced given limited resources. Technological progress, efficiency gains, education, and new resources can lead to economic growth by increasing productive potential over time.
November 2020 (v1) QP - Paper 3 CAIE Economics A-level.pdftongjia6
This document provides a 30 question multiple choice exam on economics. It includes instructions for taking the exam, informing students to choose one answer for each question and record their choice on the answer sheet. The questions cover a range of economics topics, including costs and revenues, market structures, macroeconomic policies and trade. The exam is intended to last 1 hour and 15 minutes.
1. The document contains questions and answers related to economics. It discusses key concepts like scarcity of resources, opportunity cost, production possibilities curve, central problems of what to produce and how to produce.
2. It also explains concepts like marginal utility, consumers equilibrium, indifference curves, demand, elasticity, production function, costs and revenues. Market structures like perfect competition, monopoly and oligopoly are also discussed.
3. Questions related to national income, GDP, inflation, banking, exchange rates and balance of payments are answered. Key terms involved in macroeconomics are defined and differences explained.
The document provides an overview of basic economic concepts. It defines economics as the study of how individuals and societies deal with scarcity. Scarcity means that resources are limited and not enough to satisfy all wants, so choices must be made. Microeconomics studies small economic units like individuals and firms, while macroeconomics looks at the overall economy. Positive statements are factual, while normative statements include value judgments. Economists use theories and models to understand and address economic problems. The concepts of opportunity cost, marginal analysis, and supply and demand are introduced.
The document provides instructions for a microeconomics exam consisting of three parts: Part A with 20 multiple choice questions, Part B with 4 essay questions, and Part C with 4 essay questions. Students must answer all questions in Parts A and B, and two questions from Part C. The exam covers topics including the differences between microeconomics and macroeconomics, production possibility curves, demand and supply, costs of production, and market structures. It provides details on the time allotted, materials allowed, and includes a reminder not to turn the paper over until instructed to do so.
Gimmethingnao. GImme gimme gimme, just gimme gimmeJkopp2
This document introduces the production possibilities curve (PPC) model. It discusses key assumptions of the model including fixed resources and technology. The document shows how to construct a PPC graph using numerical examples and explains what various points on the graph represent. It discusses the concepts of opportunity cost, constant opportunity costs, and increasing opportunity costs. Finally, it defines productive efficiency as occurring at any point on the PPC and allocative efficiency as the optimal point based on a society's preferences.
The document provides an overview of basic economic concepts. It discusses:
- Economics is the study of how individuals and societies deal with scarcity. Scarcity means that resources are limited and our wants are unlimited, so we must make choices about how to use resources.
- Microeconomics studies small economic units like individuals and firms, while macroeconomics looks at the overall economy. Positive economics makes factual statements, while normative economics includes value judgments.
- The production possibilities curve (PPC) model shows the tradeoffs between producing different goods given limited resources. Points on the PPC are productively efficient, while the optimal point depends on societal wants.
- Comparative advantage explains why countries
This document contains the answers to multiple choice questions from a midterm exam on topics related to economics. The key points assessed include:
1) The three institutions critical for economic growth are markets, property rights, and monetary exchange.
2) Knowledge capital is not subject to the law of diminishing returns unlike other types of capital.
3) New growth theory argues productivity depends on knowledge creation and interest rates.
4) Neoclassical and new growth theories make different predictions about long-term growth rates.
5) The rule of 70 can be used to estimate how long it will take for economies growing at different rates to converge.
6) Cost-of-service regulation sets
Math 141 Exam Final Exam Name____________________.docxendawalling
The document is a math exam for Math 141. It contains 14 multi-part questions testing a variety of math concepts including factoring, functions, inequalities, sequences, series, logarithms, and optimization problems. Students must show their work, box their answers, and use scientific calculators. The exam covers domains, ranges, increasing/decreasing intervals, relative and absolute extrema of functions, zeros, asymptotes, graphing, rational zeros of polynomials, solving inequalities, volumes of boxes, sums of sequences and series, and solving word problems involving rectangles and rates of change.
Math 141 Exam Final Exam Name____________________.docxwkyra78
Math 141 Exam Final Exam Name:_____________________________
SCIENTIFIC CALCULATORS ONLY! YOU MUST SHOW WORK FOR CREDIT!!! BOX ANSWERS!
1. [6 ea] Factor completely; simplify.
a) 12𝑥
!
" − 5𝑥
#
" − 2 b)3(4𝑥 + 5)! − 2(4𝑥 + 5) − 1
2. [4 each (a-e)] Approximate if necessary. For the given function , find/determine:
a) Domain: Range:
b) On what interval(s) is 𝑓:
i) Increasing:
ii) Decreasing:
c) ______ when ______.
d) Find any relative extrema (tell me if you have a max or min, what it is, and where it is):
e) Find any absolute extrema (tell me if you have a max or min, what it is, and where it is):
f) [2] Is 𝑓 even, odd , or neither? g) [4] What is the end behavior?
h)[4] What are the x and y- intercepts?
( )f x
( )2f - = ( ) 4f x = x =
3. [8 pts] a) Graph the function 4. [1 ea] Given 𝑔(𝑥) = −"
!
|𝑥 + 3| − 1
𝑓(𝑥) = /
2 − 𝑥, −3 ≤ 𝑥 < 1
𝑥! − 2𝑥 + 2, 𝑥 > 1
. Label 3+ points. Explain how the graph of 𝑔(𝑥) is obtained from the graph
𝑓(𝑥) = |𝑥|. (Hint: four actions=transformations)
a)
b)
c)
d)
5. [8;6] Given that
𝑓(𝑥) = #
$
, ℎ(𝑥) = log(𝑥 + 1) , 𝑗(𝑥) = !
$%"
, 𝑔(𝑥) = √𝑥 − 10
find the following and their DOMAINS. Use Interval Notation! and simplify the function when possible.
a) b)
6. [14 pts] Given 𝑅(𝑥) = &$
$#%$%"!
find:
a) Zero(s):
b) Vertical Asymptote(s):
c) Horizontal OR Slant Asymptote: d) Sketch . You do not need
specific values except for zero(s) and
asymptote. The shape needs be accurate!!!
j! f( ) x( ) ( )
( )
h x
g x
( )R x
y-
( )R xx
7. [9] Let 𝑝(𝑥) = 2𝑥' − 9𝑥! + 7.
a) List all possible rational zeros.
b) Find the remaining zeros of if one zero is −1.
8) [8] Solve the inequality 𝑥& + 2𝑥! − 3𝑥 > 0. Graph the solution on a number line and state the solutions in interval
notation.
9. [8 pts] A box with an open top is to be constructed from a rectangular piece of cardboard with dimensions inches
by inches by cutting out equal squares of side at each corner and then folding up the sides as in the figure.
Express the volume of the box as a function of and simplify completely.
( )p x
8
20 x
V x
x
x
10. [10 pts] Find for 𝑓(𝑥) = !
"#$
. Simplify!
11. [9 pts] Solve - use “zones” or sign-chart. Graph solution and express in Interval Notation.
%
"&'
≥ (
"&)
12. [8 pts] A landscape engineer has 200 feet of border to enclose a rectangular pond. What dimensions will result in the
largest pond?
( ) ( )f x h f x
h
+ -
13. a) [4 pts] Express in terms o
For more course tutorials visit
www.newtonhelp.com
BUS 640 Week 1 DQ 1 Firm Objectives
BUS 640 Week 1 DQ 2 Decision Making Under Uncertainty
BUS 640 Week 1 Economics of Risk and Uncertainty Applied Problems
BUS 640 Week 2 DQ 1 Marginal Rate of Substitution
This document outlines the course content for BUS 640 Entire Course. It includes discussion questions, applied problems, and readings for each of the 6 weeks. Week 1 covers firm objectives, decision making under uncertainty, and applied economics problems. Week 2 covers topics like marginal rate of substitution, demand elasticity, and consumer demand analysis. Week 3 includes relevant costs, contribution analysis, and production cost analysis. Week 4 covers strategic behavior in oligopolies, local market power, and a journal on economics in the news. Weeks 5 and 6 cover additional pricing and strategic decision making concepts and a final paper.
This document provides an overview and agenda for an A Level Economics revision workshop focusing on exam technique. The workshop covers multiple choice questions, numerical questions, diagram questions, and data interpretation questions. It includes sample exam questions to work through in each area. Key advice emphasized includes knowing definitions, practicing calculations, drawing diagrams where helpful, and carefully reading questions and answer options.
This document contains the CBSE syllabus and sample question paper for Economics for class 12. It outlines the topics covered in Macroeconomics including national income and related concepts, money and banking, determination of income and employment, government budgets, and balance of payments. It provides the unit-wise breakdown with number of periods and marks allotted for each. The sample question paper format and types of questions are also outlined along with 20 multiple choice questions as examples.
INTRODUCTION
The though-thing to over in Sierra Leone is the reluctances of the Government to enact a Law on AML/CTF. Even after the assistance by GIABA, the World Bank and UNODC in the revision of the draft Bill to ensure that the legislation is comprehensive, and that it meets international AML/CFT standards, Sierra Leone is yet to pass the bill into law, and as such, the weaknesses identified persist in the Sierra Leone's AML/CFT...
Ecofrico: Leading the Way in Sustainable Hemp BackpacksEcofrico
Explore Ecofrico's commitment to sustainability with our range of eco-friendly hemp backpacks. Discover how we combine ethical production, durable materials, and global reach to promote a greener future.
Forensic Auditing Practice and Engagement Best Practice
Being a Paper Presented at the 6th Direct Membership Training of the Certified Institute of Forensics and Certified Fraud Investigations of Nigeria (CIFCFIN) on Monday, 25th of March, 2024.
2. Objectives
At the end of the lesson, students should be
able to:
a. Explain PPC
b. Discuss causes and consequences of shift
of PPC
c. Draw and interpret PPC
2
9. Constant
opportunity costs
What is the opportunity cost of moving
from:
A to b? 2 units of Good B
B to c? 2 units of Good B
C to d? 2 units of Good B
D to e? 2 units of Good B
E to f? 2 units of Good B
F to g? 2 units of Good B
9
11. Increasing
opportunity costs
What is the opportunity cost of moving
from:
A to b? 2 units of Good B
B to c? 4 units of Good B
C to d? 6 units of Good B
11
12. PPC shifters
Change in quantity of
resources
Changes in quality of
resources
Change in technology
Change in trade
12
13. Production possibilities curve:
Capital goods and Consumer goods
13
1.Suppose there is a major technological
breakthrough in the consumer-goods
industry, and the new technology is widely
adopted. Which curve in the diagram would
represent the new production possibilities
curve? (Indicate the curve you choose with
two letters.)
2. Suppose a new government comes into
power and forbids the use of automated
machinery and modern production
techniques in all industries. Which curve in
the diagram would represent the new
production possibilities curve? (Indicate the
curve you choose with two letters
3. Suppose massive new sources of oil and
coal are found within the economy, and there
are major technological innovations in both
industries. Which curve in the diagram would
represent the new production possibilities
curve? (Indicate the curve you choose with
two letters.)
14. Production possibilities curve:
Capital goods and Consumer goods
14
4. If BB' represents a country’s current
production possibilities curve, what can you
say about a point like X? (Write a brief
statement.)
5. If BB' represents a country’s current
production possibilities curve, what can you
say about a point like Y? (Write a brief
statement.)
15. Production possibilities curve:
Capital goods and Consumer goods
15
6. What change could cause the production
possibilities curve to shift from the original
curve (XX') to the new curve (YY’)?
7. Under what conditions might an economy
be operating at Point Z?
8.. Why might a government implement
policy to move the economy from Point
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