I"It matters not whether the cat is black or white, as long as it catches mice." Deng Xiaoping Paper DENG XIAOPING : The chinese reform Elmahdi Fathi : 2014-81611 China has always been renowned for being successful in the domains of science and arts, however in previous decades, China has been ravaged by famines, civil discomfort and foreign outsourcing. China was consumed by this injustice until well after the Second World War when Mao Zedong introduced Communism adapted from the U.S.S.R
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economics which focused its studies’ in “large” portion of economics system. It basically deals with the overall performance, behavior, structure, and the essential decisions made by the whole economy. In reality the relationship between micro and macro economy the relationship is intertwine, they are interdependent, but still have different strategies. The overall performance are based on, pinpointing issues such as inflation, interest rates, unemployment as a whole, national productivity, GDP
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TRL 300 45 SHORT ANSWERS 1. Explain how demand and supply work? * Demand is the willingness and ability of buyers to purchase a product or service. Supply is the willingness and ability of producers to offer a good service for sale. 2. Identify and explain the 4 basic degrees of competition? * Perfect competition- Has many small sellers The product is basically identical Relatively easy to enter the industry Individual firms have no control over price The buyer will purchase
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to infinity. What is the present value of a consol (aka perpetuity) that pays $10,000 per year? Use a discount rate of .99. Show your work. (15 points) 10,000/1-.99=10,000/.01=1,000,000 What is the relationship between bond yields and bond prices? (5 points) Why? (10 points) The relationship is inverse. Logically, they are inverse because the effective yield on the bond has to match the yield to maturity. The opportunity cost of holding the bond has to match market yields, so the price has to
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the same amount of money will purchase fewer products. When the price for a product is very high, the demand will decrease because, while consumers may wish to purchase a product very much, they are limited by their ability to buy.The curve in Figure 1 shows a generalized relationship between the price of a good and the quantity which consumers are willing to purchase in a given time period. This is known as a simple demand curve. Supply Willingness and ability to supply goods determine the seller’s
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Quantity theory of money (QTM) – suggests that the demand for real money balances is proportional to income. Quantity eqn.: MxV=PxT where M – money supply; V – velocity of money: the # of times a PhP bill changes hands for time, t; P – price level; and, T – transactions. 1 13/10/2015 Income (Y) version of the QE: MxV=PxY ◦ where V: the # of times a PhP bill enters someone’s income; ◦ P x Y: nominal GDP. This version of the QTM is used since it is difficult to
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Supply Chain Management (SCM) is essential for developing an integrated relationship between suppliers and customers. Healthcare SCM involves procuring resources, managing supplies and delivering goods and services to patients and healthcare providers. The SCM in healthcare is not limited to medical supplies only, it also involves technology, consolidation and partnerships within the supply chain. The healthcare SCM is composed of key internal and external players namely, producers, purchasers, and
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Business Application of Regression Name Institutional Affiliation Regression is a mathematical tool used by statisticians to investigate the relationship that exists between variables. Regression also sheds light on the strength of the relationship between two variables. The following are examples of how regression is applied in business. 1. Regression is used to measure the extent to which a company’s profits can be affected in the event of an increase in profits. 2. Advertising is
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the channel members in order to deliver the value proposition and to obtain effective and efficient achievement of the overall objective of the channel. Managing channel member behaviour in simple words means managing the mutually profitable relationships with the members of the channel so that the activities
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that explain economic fluctuations. Fluctuations and unemployment can be traced to voluntary deviations of supply and demand. Thus the business cycle is an equilibrium phenomenon, phenomenon and is therefore optimal. 3 Two Types of Monetarism Kevin Hoover, JEL (March 1984) Monetarism (Friedman) – Marshallian: • • Small (partial equilibrium) models Aggregate Prices – – – Money can “fool” agents on the short-run Mistakes can cause agents to act in ways apparently inconsistent with
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