Nobody downloaded yet

MacmidIK - Essay Example

Comments (0) Cite this document
MacmidIK Name: Lecturer: Course: Date: MacmidIK 1. D – Opportunity cost 2. A – Total output and the general level of prices in the economy 3. C – A trade deficit of 20 billion dollars will harm the economy 4. D – An auto plant 5. D – 650 6. C – 200 7…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
Read TextPreview

Extract of sample "MacmidIK"

Download file to see previous pages B – More will be demanded at lower prices 14. A – Income 15. B – A decrease in the price of a substitute product. 16. B – A technological change in the production of the good 17. C – An increase in the taxes paid by telephone companies 18. B – Inelastic 19. A – Generally results in substantial negative externalities 20. D – A surplus of 600 units 21. C – $20 And 600 units 22. D – using private bargaining when property rights 23. A – eliminate all pollution rights 24. B – changes only when there is change in out put 25. A – real GDP doubles 26. C – Nominal GDP and real GDP both decreases 27. A – Family will need to spend more in order to maintain its standard of living 28. C – Nominal GDP divided by real GDP 29. B – 110 30. C – Couples remodelling their own homes 31. A – 1 and 2 32. D – Stable political system 33. B – Movement from a point inside to a point outside the production possibility curve 34. B – 6 percent 35. B – Cyclical 36. C – Frictional 37. C – Is equal to the total frictional and structural employment 38. D – Actual GDP is greater than potential GDP 39. B – Actual GDP is less than potential GDP 40. A – Every 1 percent that the actual employment exceeds the natural employment rate, a 2 percent GDP gap is created 41. A – 4.0 Percent 42. C – Demand-pull inflation 43. C – Cost push inflation 44. A – Increases by 3% 45. ...
B – Real GDP will increase 55. C – 280 billion 56. D – An increase in real interest rates. 57. A – Productivity 58. D – 4 59. C – 3 60. A – Supply increase Short Answers 1. a) Making necessary computation to complete the table below Year 1 Year2 Labour force 95,450 108,250 Employed 90,325 100,830 Unemployed 5,125 7,420 Unemployment rate (10%) 94% 94% Unemployed= Labour force-employed Year 1=95450-90325= 5,125 Persons Year 2= 108,250-100,830=7,420 persons Unemployment rate = number of employed people ? Labour force?100 Year 1 = 90,325?95,450?100 =94% Year 2 = 100,830 ? 108,250?100 =93% b) Possibility of increase in employment and unemployment between year 1 and 2 Based on the above computation, it can be scrutinized that there was an increase in number of employed and unemployed people between the two periods. This is because there is a possibility of having both favourable and unfavourable economic conditions leading to an increase in number of employed and unemployed people (Taylor, 2007). The above assertions may be substantiated by Keynesian theory of economics that holds that a trade off exists between unemployment and inflation, this trade off may be presented using Philips curve (Tucker, 2011), whereby, during favourable economic conditions, inflation decreases while employment increases (Tucker, 2011). On the contrary, during unfavourable economic conditions, inflation rates decrease while unemployment increases (Tucker, 2011).Therefore, based on the above discussion, it is possible to have both increase in employments and unemployment between the two periods. In above connection, an increase in unemployment may be attributed to technological advancement. This is so because most people get laid off as less human labour is needed (Layard, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“MacmidIK Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
MacmidIK Essay Example | Topics and Well Written Essays - 1250 words. Retrieved from
(MacmidIK Essay Example | Topics and Well Written Essays - 1250 Words)
MacmidIK Essay Example | Topics and Well Written Essays - 1250 Words.
“MacmidIK Essay Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


My Diet Analysis

...? My Diet Analysis I. My nutrition analysis taught me a number of things about my diet in general. One of the most overarching elements I learned about my diet was where I stood in relation to the recommended dietary intake. In these regards I was surprised to discover that in many ways of diet was deficient in the necessary nutrient intake. Other elements I discovered included the importance of varying elements within my diet. Oftentimes I found myself consuming similar foods on a consistent basis and not developing enough variety into my diet. In these regards, varying the types of vegetables and fruits were important things I learned. Finally, I realized my energy expenditure was significantly more than my calorie intake. This gave me... My Diet...
3 Pages(750 words)Essay

The Human Resource Frame Paper

...? The Human Resource Frame Paper Berlitz: A Language Organization Noel Diaz Integrating General Studies Joanne Land-Kaslauskas This report describes the selected company, Berlitz, a global language learning organization, using the human resource frame perspective and its key assumptions as highlighted in Bolman & Deal (2008). The core assumptions are “Organizations exist to serve human needs rather than the converse; people and organizations need each other; and a good fit benefits both” (p. 122). Berlitz Languages, Inc. believes specific human resource issues are best addressed locally or at the language center locations as much as possible. In the case of a more complex situation such as an instructor working in multiple countries (Europe...
4 Pages(1000 words)Essay

Paternalism and academic performance

... Paternalism and academic performance The involvement of parents in the education sector has been heralded as a positive support that encourages performance of the children. Flexible environment for the learning process is integral for performance of the student. However, some schools such as the American Indian school have engaged in the paternalism. According to Will, the paternalism has shaped the academic success of schools. George Will uses several stylistic devices to develop the essential opinion and ideas in the article. He uses rhetoric, irony and symbolism to develop the ideas. The Literary devices encourage humor development for the readers and highlight the irony of the education policy by use of natural illustrations. When... Paternalism...
3 Pages(750 words)Essay

Random House

... Enrique’s Journey Introduction Enrique's Journey is a documented story of resilience, determination and indomitable spirit of hope, depicted by a teenage boy in search of his mother in a country faraway. Despite the danger and the series of threats posed by the journey, the teenage boy has made up his mind to overcome all odds, just to ensure that he reunites with his mother after eleven years of being apart (Nazario, 1). While there are different dimensions from which the story can be perceived, which would likely paint a negative picture on the personality of Enrique; the 17 year old teenage boy, a positive outlook is however inevitable. Enrique’s mother would have preferred that his son remains a bit more patient and wait for her coming...
4 Pages(1000 words)Essay

Why do people term an illness to be physcial or psychological Is there a relationship between public causal attributions of functional somatic syndromes and h

...Introduction Physical symptoms often are ambiguous and open for ive interpretation. Given the quantity of information that is available toindividuals at any given time, it is functional for the organism to organize and reduce the incoming data. Cognitively structuring, synthesizing, and organizing the incoming information achieve this. Cognitive psychology has introduced several theoretical constructs in this context, namely schemata, cognitive sets, prototypes, expectancies, and scripts. Studies on the structure of illness schemata consistently found five dimensions according to which symptom and illness experiences are organized (Lau and Hartman 1983): Illness schemata include information about the identity or label of the disease, its... Physical...
12 Pages(3000 words)Essay

International Management and Cross-Cultural Competence

... 13 September 2008 International Management and Cross-Cultural Competence The Globe investigates, analyzesand examines modern business culture, its relation to the national culture and a concept of the international cultural values and traditions. Similar to G. Hofstede, the Globe understands that culture can be used for many different types of analysis. It can provide the foundation or the background for many different kinds of understanding. This study is an attempt to understand business leadership in five different national and regional contexts and to do this through the culture governing these contexts. Hofstede analyses and defines uniqueness and peculiarities of world cultures and their impact on business relations. The Globe pays... 13...
3 Pages(750 words)Essay

Monopoly and Perfect Competition

...Client’s 4 March Cell Phones companies have started expanding at a very rapid pace and one can see cell phone towers almost everywhere, this has had positive effects as well as negative effects. In some areas there is no monopoly which means one is free to choose the best service provider out of a group of players but there are certain areas where monopoly still exists and customers have to settle for it because they really do not have a choice. The area in which I reside there is complete monopoly, although there are many cell phone towers but only one works in my area and I really have no other choice but to stick with it because there is simply no other option available to me. There are many better services but those services remain... 4 March...
1 Pages(250 words)Essay

CRITICALLY DISCUSS - The role of the professional youth and community worker/informal educator in relation to community action and empowerment

...The role of the professional youth and community worker/informal educator in relation to community action and empowerment No: Instructor’s Name: Date: The role of the professional youth and community worker/informal educator in relation to community action and empowerment Youth are the major cream of the society through, which society runs in a proper manner. Empowerment is a systematic way to create the ability in youth to take decisions, to be a part in important matters such as political activities, to work voluntarily for the benefits of others and to tackle with their problems in a proper way. It is entirely a political process that arise the question about the difficult situations and lack of opportunities in the society and wants... role of the ...
5 Pages(1250 words)Essay

Writing My Constitution

...Vickie Walker Connie Jorgensen February 9, Writing My Constitution In all the features, elements and s of humanity, some form of rules are necessary to govern, maintain order and prevent injustice in the society. It is assumed that people know basic rules concerning right and wrong, but choose to ignore them as portrayed by the numerous counts of wrongdoings in the society. In my country, a constitution would be necessary as it would act as a guide to the laws that the citizens should follow, as well as empower the citizens to stay involved in the country’s affairs. The country will be governed like a democracy so the government will work for the citizens. According to the American Heritage Dictionary, a democracy refers to a government... Walker...
8 Pages(2000 words)Admission/Application Essay

United States v. Jones

... United s v. Jones In the fourth amendment of US constitution, unreasonable searches and seizures against an individual are prohibited and require the judicial sanction of warrants before searches, seizures are initiated, and there must be a probable cause to effect the same (Wetterer 24). Under the amendment, searches and seizure warrants are limited depending on the information made available to the court issuing the search and seizure warrants by an officer, who swears by the same (Wetterer 78). Aspects based on the fourth amendment forms the basis for the case between United States versus Jones. In the making of court decisions involving the fourth amendment of the Bill of Rights, three critical aspects are considered. The aspects... United s v....
4 Pages(1000 words)Essay
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 Essay on topic MacmidIK for FREE!

Contact Us