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Macro & Microeconomics Essay

Questions in Principle of economy
Formula of elasticity reaches 1 sharply then there is a unit elasticity, which indicates that 1 per cent change of price causes the same percentage change of demand. In this respect, the fall of price is compensated with the rise of sales and the total revenue remains unchangeable.The products with elastic demand are considered those goods that are easy to substitute. Luxury goods also have coefficient of elasticity that exceeds 1. For example, pieces of art are the products with elastic
Pages: 5 (1250 words), Essay
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Quantitative Easing
This entire process changes the interbank rates of interest (Fukasawa & Corporation, 2000).A liquidity trap occurs when the central bank cannot change the interest rate. Quantitative easing is then used to boost the economy without referring to the interest rate. The aim of quantitative easing is to affect the money supply and not the interest rate, which is impossible to reduce in any case. And this is referred to as a “last resort policy” in macroeconomics (Fukasawa & Corporation,
Pages: 5 (1250 words), Essay
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Questions asked, Explain below questions
These are very situational in nature. Local small Smartphone brands can pose this competition in front of large global players. It can come up with new different applications which can attract customers. It poses lots of dynamic competitions in this industry. The Dynamic competitions some times are in terms of pricing strategies also.Yes, these two criterions diverge from one another. The above discussion is showing that static completion is not at all situational. This competition is always
Pages: 4 (1000 words), Essay
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Qatar and Singapore major trade partners
There are a number of factors that has made Qatar remained an important trade partner with Singapore for several years now. Particularly, follow up activities and globalisation ideas fostered by world organisations such as World Trade Organisation (WTO), United Nations Conference on Trade and Development (UNCTAD) and Economic and Social Commission for Western Asia (ESCWA) can be mentioned as some of the major motivations behind the long standing trade partnership between the two countries
Pages: 13 (3250 words), Essay
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Quantitative method
Every sector of the economy requires energy so as to keep running. Most countries have designed their national budgets to reflect government spending on energy consumption. What they fail to deduce is the nature and direction of the association between the energy consumed and the level of economic growth associated with it. This study seeks to unveil the relationship between energy consumption and GDP growth so that governments can ascertain what proportion of national income should be directed
Pages: 15 (3750 words), Essay
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