StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Exam paper - Book Report/Review Example

Comments (0) Cite this document
Summary
Economic recessions and recoveries have been the trend in the performance this economy. The rise of Margaret Thatcher to power saw the growth of the economy through privatization of companies, deregulation of…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.2% of users find it useful
Exam paper
Read TextPreview

Extract of sample "Exam paper"

ANSWERS QUESTION ONE Since the 1980s to UK economy has experienced mixed performances. Economic recessions and recoveries have been the trend in the performance this economy. The rise of Margaret Thatcher to power saw the growth of the economy through privatization of companies, deregulation of markets, tax cuts, and union reforms. The move by the government at this time to regulate inflation saw the number of unemployment rise from 1.5 to 3.3 million (Colecchia & Schreyer, 2002). This was attributed to the closure of coal pits and outdated factories which were no longer economically viable. The service industry on the other hand enjoyed growth.
The economy again went into another recession in 1990 causing a shrink by 8% and increasing unemployment rates again. Subsequent economic recovery was strong prompting UK to display a strong economic performance until the great recession in 2008 which was brought about by the global financial crisis. In 2013 the economy showed improvements by reducing the number of unemployment below 2.5 million. Today the economy is promising with an estimated growth of 0.3% in the first quarter of 2015 and with the volume of GDP at 4.0% above its pre-recession peak. This is expected to grow steadily in the coming years in terms of increasing business services, innovation, and intermediate skills. Therefore UK economy will stagnate for a while and experience slight growth in the future.
QUESTION TWO
Adam Smith, the first theorist of capitalism emphasized on the role of specialization and enlightened self-interest in promoting efficiency of capital accumulation. Smith goes ahead to advance the thought that when trade takes place individuals value what they are purchasing more than what they are giving in exchange. This is the thought that underlies the concept of mutually- beneficial trade where both sides stand to benefit from an exchange or trade.
On the other hand Karl Marx a critique of capitalism advance the thought that treating labor as a commodity made people to value things in terms of their price rather than their usefulness to them. This was demonstrated when Marx observed that some people bought commodities to use while others bought commodities to sell at a profit. Therefore Karl Marx believed that capitalism was going to exploit workers by denying them the value they create.
Reference
Colecchia, A., & Schreyer, P. (2002). ICT investment and economic growth in the 1990s: is the United States a unique case?: a comparative study of nine OECD countries. Review of Economic Dynamics, 5(2), 408-442. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Exam paper Book Report/Review Example | Topics and Well Written Essays - 250 words”, n.d.)
Exam paper Book Report/Review Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/business/1694509-exam-paper
(Exam Paper Book Report/Review Example | Topics and Well Written Essays - 250 Words)
Exam Paper Book Report/Review Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1694509-exam-paper.
“Exam Paper Book Report/Review Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1694509-exam-paper.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Exam paper

Sample Exam Paper Questions

... The UNIQLO has established R&D centres in Tokyo and New York with intent to collect information from various parts of the world regarding recent trends in designs. They collect information mainly from city streets and business clients and develop appropriate concepts for each season on the basis of gathered information. While forming the strategies, they consider the geographical aspects and cultural peculiarities of the market segment. After the phase of information collection and strategy development, they apply the proposed changes to their five sections of products such as men’s, women’s, kid’s, goods and innerwear. Then UNIQLO concentrates on different market segments using the tools of sales planning, sales promotion... The UNIQLO has...
6 Pages(1500 words)Essay

PHILOSOPHY FINAL EXAM PAPER

...?Part 2, Question Parfit is a reductionist. His claim is that people do not exist, except as a d collection of parts. Individual identity doesnot exist--it is “a collection of separate facts combined with giving the combination a single name” (Stairs: Notes on Parfit: Bundles Without Selves). I agree with Stairs’ analysis that Parfit does not prove his argument, and will try to justify this. Parfit looks at instances where the corpus callosum, which joins the left and right brain hemispheres, has been severed. He examines the verbal responses of such patients, and their written responses to a screen that shows red on one side, blue on the other. One hand writes “red.” The other writes “blue”. The left brain is able to enunciate “I...
8 Pages(2000 words)Essay

Final Exam Paper

...?Theater 120A- Fall Final Exam Paper. Part One. The part of Tito/Salvatore in Cinema Paradiso is played by three actors, showing childhood, adolescence and maturity, but the cinematography treats them all in a similar way. They are portrayed as inhabiting a space that is framed like the screen in cinema. Squares and rectangles surround the main character, and this is even suggested in three dimensions as Toto and Alfredo sit in the small projection room and supervise the projector machinery. This use of setting highlights the career of the adult Salvatore as a filmmaker. It also gives the impression of a performance within a performance, as he moves from frame to frame. The relationship between Alfredo and the boy Toto is the central theme...
3 Pages(750 words)Essay

Midterm Exam Paper

...?Midterm Exam Define the social learning theory and “doing gender” theory. Then, apply both theories to the film, Mickey Mouse Monopoly. Social Learning Theory originated with Albert Bandura. We learn by noticing other people’s behavior and attitudes (observation), and by noticing their consequences. We form an idea about how the observed behavior should be performed (modeling), and this guides our efforts at performance in the future (imitation). Effective modeling requires us to pay attention, to retain what we observed, to reproduce what we saw, and to be motivated to perform what we remember. The environment influences us, in this process, but we also influence the environment when we perform what we learned, which in turn influences...
5 Pages(1250 words)Essay

Exam paper

... Marketing Qn A Diagnosis of the Situation Facing the Franchise First, the franchise has already identified the market segment that it will serve its products. In this case, the franchise identifies the University of Delaware students as the main target population, which will promptly offer the franchise a ready clientele base. Therefore, the initial marketing strategy should focus on this group of consumers in order to ensure that they become the earlier adopters of the products that the franchise offered. However, focus should not be lost on another segment of the clients, which in this case is the suburban community of Newark, Delaware. In this regard, the 30,000 residents of the suburb will form part of the clientele base... Marketing Qn...
4 Pages(1000 words)Essay

Answer Exam Paper

... Answers to the Test Here you need to go to excel, click on the office button, go to excel options, click add-ins, and patiently wait for the Analysis ToolPack to install after you prompt it. Once you have that set, you can now proceed to the Data tab on the excel menu, and select the Data Analysis option (am using 2007 version, 2003 will vary slightly but 2010 has almost similar qualities to 2007). Once you select the Data Analysis tab, you will get various options to scroll down; for the analysis here, select ANOVA Single Factor Analysis. The output will be large, but you don’t really need the frequency bit, concentrate on the more refined bit, like I have copied here. Take interest in the F-stat and P-value. They are the only... Answers to ...
5 Pages(1250 words)Essay

EXAM PAPER

... The travel cost analysis is an economic valuation method that is used in the analysis of cost benefit in calculating the value of a product or something which can’t be obtained using the market prices. This method calculates the willingness to pay for a certain price facility that is constant. It looks at the economic values that are associated with sites or ecosystems that are normally used for recreation. Looking at the question at hand; the benefits that are enjoyed by the visitors who visit the National Botanic Gardens, the travel cost method is most applicable. The steps that I would take are as follows. The first step is to collect the travel cost and the visitation information or rather the data. Direct costs are the costs...
3 Pages(750 words)Assignment

Exam paper

...Exam Paper Question i) New Wave Chance Youth Club would benefit a lot from a Web site as it would publicize the club, help in establishing customers and creating a good customer following, and instill an interest for gym in site visitors, which would mean more customers. In addition, it would create a good room for reaching out to more donors, present to customers an efficient way of booking gym sessions, and give customers an opportunity to air their views on the club’s progress and services, which would be vital to the club’s management for the purposes of improvements (Simms, 2005). There are various factors that determine how the Web site would benefit the youth group, one of them being the way in which the youth club would exploit...
10 Pages(2500 words)Essay

Managerial Economics exam paper

The salary that the owner of a business can earn and the interest that the owner can earn on the invested capital are examples of implicit costs. The following equations can be used to calculated business and economic profits.
c) Since project B has a higher standard deviation of $15000 than project A, we can conclude that project B is riskier. However, project B provides a better return of $70000 as compared to the expected return of project A of $60300. Project A has lesser risk since its standard deviation is lesser than that of project B.
Higher standard deviation of project B indicates that there are high chances that the return will either be higher than the expected return or lower than the expected return. If the c...
5 Pages(1250 words)Term Paper

Take home exam paper

...Q1. define price elasti of demand. Price elasti of demand refers to the change in demand that is d as changes in price for a given commodity occur. For instance, if a given commodity is inelastic, then changes in the price will not affect the overall number of units sold. However, if a given commodity is elastic, then the demand will fluctuate relative to the price that it is being offered at. The equation for price elasticity of demand is as follows: Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price (Gordeon et al., 2013). Q2) Explain how using advertising a business owner could make demand more inelastic. A business owner can use these concepts to their advantage. For instance, by leverage... define price...
6 Pages(1500 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Book Report/Review on topic Exam paper for FREE!

Contact Us