'Goods produced' diaporamas de présentation

Unit 3: Birth of Modern America

Unit 3: Birth of Modern America. Chapter 9. Industrialization. Intro to Industrialization. I. Introduction to Industrialization. Industrial Revolution - the movement from small-scale manufacturing to the production of heavy industry, using machines to replace human laborers

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We are closer to the end of poverty than at any point in our history

We are closer to the end of poverty than at any point in our history. The Great Depression 1929-1945. Spark- Crash of The Stock Market- 10/29/29 Underlying Causes- Mass Production- too many goods produced, not enough demand

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GDP and Its Discontents

GDP and Its Discontents. Suggested Supplementary Reading. Ebook: Peter Kennedy Macroeconomic Essentials: Understanding Economics in the News. Quantity Aggregates. To understand the macroeconomy, we need to measure it. Chief measure of economy is the level of production

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The U.S. and Global Economies

2. The U.S. and Global Economies. CHAPTER. Famous economics majors Mick Jagger Tiger Woods Kenneth Lay Paul Newman Cate Blanchett Ronald Reagan Sandra Day-O'Connor. C H A P T E R C H E C K L I S T. When you have completed your study of this chapter, you will be able to.

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What is Business?

What is Business?. Business. A business is an organization that produces or sells goods or services to satisfy the needs, wants, and demands of consumers for the purpose of making a profit

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Micro vs. Macro

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Free Trade Versus Fair Trade: How Do You Take Your Coffee?

Free Trade Versus Fair Trade: How Do You Take Your Coffee?. Dennis C. McCornac, PhD. Sellinger School of Business Loyola University Maryland Baltimore, Maryland dcmccornac@loyola.edu. Anti-Globalization. Benefits. Global trade has clear benefits

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National Income Accounting

National Income Accounting. Presenter Md. Zahangir Alam Assistant Professor of Finance Dept. of Business Administration International Islamic University Chittagong. National Income Accounts.

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Section 2

Section 2. Production Possibility Frontier & Trade Chapter 2: pages 32-60. KEY DEFINITIONS. Production possibilities frontier is a curve showing the maximum attainable combinations of two products that may be produced with available resources.

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Objectives

Objectives. To introduce students to: the preparation of financial reports in a businesses operating in a manufacturing environment, including among others the following- Computation of prime cost Computation of production cost

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Review

Review. Supply and Demand. The law of demand holds that other things equal, as the price of a good or service rises, its quantity demanded falls. The law of supply holds that other things equal, as the price of a good rises, its quantity supplied will rise, and vice versa.

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GNP & CONSUMER PRICE INDEX (CPI)

GNP & CONSUMER PRICE INDEX (CPI). PROBLEM WITH GDP. GDP can measure total output but cannot measure total income mainly because of goods produced here by foreigners being counted and goods produced abroad by Americans that are not counted

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Economics

Economics. Resources, Opportunity Cost, and the PPF. Introduction. Today we will be talking about how scarcity requires individuals, businesses, and governments to make economic decisions that involve tradeoffs. Rolling Stones Cant always get what you want. Vocab for this lesson. Goods

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Foreign Trade

Foreign Trade. Holmes Econ 10. Open Economy. One of our assumptions was a closed economy A nontrivial portion of of our economy is in fact due to foreign trade. Definitions. Imports (IM): value of goods produced in other countries that are sold in the home country (US, say)

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ECONOMIC SYSTEMS

ECONOMIC SYSTEMS. In this chapter, we learned about economic resources, and how there was a limited supply of those resources. We learned we had to choose between our wants in order to use the resources effectively.

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The North before the Civil War

The North before the Civil War. The Location. Geography: great ports, Erie Canal U nsteady growing season climate forced people to focus on things other than farming. Dense forests for lumber. The Inventors. Elias Howe: Sewing machine

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U.S. Economic Changes

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Chapter 2

Chapter 2. Choice, Opportunity Costs and Specialization Economics, 7th Edition Boyes/Melvin. Opportunity Cost. Opportunity cost : the value of the highest-valued alternative that must be forgone when a choice is made. It is the evaluation of a trade-off .

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