Core Principles of Effective Banking Supervision ppt
Tài liệu Ten Principles of Economics - Part 5 ppt
... I’ll produce 24 pounds of meat and 2 pounds of potatoes. After I give you 3 pounds of meat in exchange for 1 pound of potatoes, I’ll have 21 pounds of meat and 3 pounds of potatoes. Inthe end, ... the various mixes of outputthat an economy can produce. It illustrates one of the Ten Principles of Economics inChapter 1: People face tradeoffs. Here the farmer faces a tradeoff between produc-ing ... ac-tivities of millions of people with varying tastes and abilities. As a starting pointfor this analysis, here we consider the reasons for economic interdependence. One of the Ten Principles of Economics...
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Tài liệu Ten Principles of Economics - Part 7 pptx
... QUIZ: List the determinants of the quantity of pizza you demand.◆ Make up an example of a demand schedule for pizza, and graph theimplied demand curve. ◆ Give an example of something that would ... change in the price of pizza shift this demandcurve?Price of Cigarettes,per PackNumber of CigarettesSmoked per DayD2D101020$2.00BA(a) A Shift in the Demand CurvePrice of Cigarettes,per ... competitive?DEMANDWe begin our study of markets by examining the behavior of buyers. Here we con-sider what determines the quantity demanded of any good, which is the amount of the good that buyers are...
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Tài liệu Ten Principles of Economics - Part 10 ppt
... percentagechange in the price of the secondgoodprice elasticity of supplya measure of how much the quantitysupplied of a good responds to achange in the price of that good,computed as the ... either of these sets of data, thestatisticians would need to take account of other factors that affect attendance—weather, population, size of collection, and so forth—to isolate the effect of price. ... such as comput-ers and software. In this case, the cross-price elasticity is negative, indicating thatan increase in the price of computers reduces the quantity of software demanded.QUICK QUIZ:...
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Tài liệu Ten Principles of Economics - Part 57 pptx
... the typical spell of unemployment lasts.HOW IS UNEMPLOYMENT MEASURED?Measuring unemployment is the job of the Bureau of Labor Statistics (BLS), whichis part of the Department of Labor. Every ... goods and services.Although some degree of unemployment is inevitable in a complex economy withthousands of firms and millions of workers, the amount of unemployment variessubstantially over ... possible, it achieves a higher level of GDP than it would if it leftmany of its workers standing idle.This chapter begins our study of unemployment. The problem of unemploy-ment is usefully divided...
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Tài liệu Ten Principles of Economics - Part 59 pptx
... variety of interesting problems for eco-nomic theory. Some of theseproblems were highlighted inour description of the theory of efficiency wages. These prob-lems, however, go beyond thestudy of ... surplus of workers, it might seem profitable to reduce the wage it is offering. But by reducingthe wage, the firm induces an adverse change in the mix of workers. In this case,at a wage of $10, ... diagram of the labor market, show the effect of an increase in the minimum wage on the wage paid toworkers, the number of workers supplied, the number of workers demanded, and the amount of unemployment.7....
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Tài liệu Ten Principles of Economics - Part 62 ppt
... thevalue of the unit of account falls by half. A similar change would occur if the gov-ernment were to reduce the length of the yard from 36 to 18 inches: As a result of the new unit of measurement, ... velocity of money, we divide the nominal value of output(nominal GDP) by the quantity of money. If P is the price level (the GDP deflator),Y the quantity of output (real GDP), and M the quantity of ... quantity of money (M) times the velocity of money(V) equals the price of output (P) times the amount of output (Y). It is called thequantity equation because it relates the quantity of money...
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Tài liệu Ten Principles of Economics - Part 15 ppt
... outcomes:efficiencythe property of a resource allocation of maximizing the total surplusreceived by all members of societyequitythe fairness of the distribution of well-being among the members of society154 ... the producer surplus of all sellers.Quantity of Houses PaintedQuantity of Houses PaintedPrice of HousePainting500800$9000Supply6001234(b) Price = $800Price of HousePainting500800$90006001234(a) ... composed of two parts. First, those buy-ers who were already buying Q1 of the good at the higher price P1are better off be-cause they now pay less. The increase in consumer surplus of existing...
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Tài liệu Ten Principles of Economics - Part 17 ppt
... THE COSTS OF TAXATION 167Let’s consider first how the elasticity of supply affects the size of the dead-weight loss. In the top two panels of Figure 8-5, the demand curve and the size of the tax ... DemandPrice0QuantityPrice0QuantitySize of taxSize of taxDemandSupplyDemand DemandSupplySupplySize of taxSize of taxWhen supply isrelatively inelastic,the deadweight loss of a tax is small.When supply ... result of a triangle depends on the square of its size. If we double the size of a tax, forinstance, the base and height of the triangle double, so the deadweight loss rises bya factor of 4....
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Tài liệu Ten Principles of Economics - Part 18 ppt
... an exporter of a good, domesticproducers of the good are better off, and domestic consumers of the good areworse off.Price of SteelPricebefore tradePriceafter trade0Quantity of SteelDomesticquantitydemandedDomesticquantitysuppliedDomesticsupplyWorldpriceDomesticdemandExportsFigure ... however, the gains of the winners exceed the losses of thelosers, so the winners could compensate the losers and still be better off. In thissense, trade can make everyone better off. But will trade ... a profit. As a result, they laid off their workers and shut down their fac-tories. Today, much of the textiles and clothing that Americans consume are im-ported from abroad.The story of the...
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