My first exam paper is sociology, which is next Monday. Therefore, i am going to write something about that on my another blog account.
Hope everyone will do well this time.
Wednesday, 6 May 2009
Monday, 4 May 2009
suicide
I did 10 questions wronf out of 34,
may i just go and suicide?
Good idea!!
Dont be happy,
i will still see you tomorrow even i go to suicide.
may i just go and suicide?
Good idea!!
Dont be happy,
i will still see you tomorrow even i go to suicide.
Economic exercise
Answers to MCQ
1.b
2.c
3.b
4.a
5.b
6.c
7.a
8.c
9.d
10.c
11.a
12.a
13.a
14.a
15.d
16.d
17.d
18.d
19.b
20.c
21.d
22.??b?
23.a
24.a
25.c
26.c
27.d-.-
28.b
29.b.
30.c
31.b
32,a
33.the graph?
34.d
35.i think quantity demand is due to price factor and another is non-price factor.
Correct answers:
8.b
16.b
20.b
21.c
22.b
23.b
24.c
26.d
30.d
1.b
2.c
3.b
4.a
5.b
6.c
7.a
8.c
9.d
10.c
11.a
12.a
13.a
14.a
15.d
16.d
17.d
18.d
19.b
20.c
21.d
22.??b?
23.a
24.a
25.c
26.c
27.d-.-
28.b
29.b.
30.c
31.b
32,a
33.the graph?
34.d
35.i think quantity demand is due to price factor and another is non-price factor.
Correct answers:
8.b
16.b
20.b
21.c
22.b
23.b
24.c
26.d
30.d
Saturday, 2 May 2009
60 and 17
Tomorrow is a very special day for two persons that i know
Mr.chris and Siyi
Tomorrow is their birthday!!!
Mr.chris is going to be 60(hahahahahaah) which surprised me when i found out and Siyi is going to be 17(-.- still very young) which remind me i am 19=_=.
Happy birthday to your!
May your life be even brighter as each birthday comes and goes,with new happiness unfloding like the petal of a rose .Have a wonderful birthday!
I hope everything is going well in Poland and every little wishes from Mr.chris will come ture.
I hope Siyi will performance very well in June exam and running well of her studies, get the results that she wants!
Mr.chris and Siyi
Tomorrow is their birthday!!!
Mr.chris is going to be 60(hahahahahaah) which surprised me when i found out and Siyi is going to be 17(-.- still very young) which remind me i am 19=_=.
Happy birthday to your!
May your life be even brighter as each birthday comes and goes,with new happiness unfloding like the petal of a rose .Have a wonderful birthday!
I hope everything is going well in Poland and every little wishes from Mr.chris will come ture.
I hope Siyi will performance very well in June exam and running well of her studies, get the results that she wants!
Thursday, 30 April 2009
Carry on what i did yesterday
Cause of economic growth
Cause of economic growth
- component of AD in the short run
- AS in the long run
- could write with reference to all policies.
Achievement of supply side
- economic growth
- capital investment
- low unemployment
- advance technology manufacture
- living standard
- productivity
- international trade position
- wage
benefit of Budget deficit
- government spending on capital investment that bring potential benefits in the long run
- if increases in public sector such as health, education, it will increase labour productivity and employment.
- A tool of demand management.Maintaining a high level of demand and keep unemployment low.
Cost of inflation
- Menu cost
- shoeleather cost
- inflation cause inflation
- fall in the money value
- fiscal drag
- uncertainty
- inflationary noise
- loss of international competitiveness
Import controls
- tariff
- quotas
- embargoes
- red tape
Homework
The swine flu could be *good* for the economy because everyone is going to run out and buy cold medication and hand sanitizer - do you agree?
Answer(briefly)
No, i do not agree. Swine flu have more harmful effect on the economy.
Government have to increase it spending on the area of prevent swine flu such as provide more information, health centre, collect data, advertisements and so on. This would involve opportunity cost that government would decrease its spending on other area such as education, or it would put downward pressure on budget deficit.
Some area`s activities have to be shut down such as school, factory, shopping mail, the place where people usually are crowed. Since the industries are closed, it would decrease production. Especially on the tourism. People are likely not choose to travel at this period of time, tourist market would be greatly damaged on the top of recession. Some small tourism industries may even went bankrupt if the swine flu is going to be wide spread.There would have great impact on airline companies.
People would feel uncertain, they are less likely to go to shopping mail, pub,gym,restaurants, most importantly, much less consumption on pork although we will not get the virus by consuming pork, but it all matter on the way people think and feel. People feel much safe if they do not eat pork. Therefore, less consumer spending, AD shift to left since there would less trade activities.(diagram...)
However, all the effect are short run.After the flu is over, economy will start to recover.Since the swine flu have not yet be seriously wide spread, the impact would not be so seriouse at the current time.
Answer(briefly)
No, i do not agree. Swine flu have more harmful effect on the economy.
Government have to increase it spending on the area of prevent swine flu such as provide more information, health centre, collect data, advertisements and so on. This would involve opportunity cost that government would decrease its spending on other area such as education, or it would put downward pressure on budget deficit.
Some area`s activities have to be shut down such as school, factory, shopping mail, the place where people usually are crowed. Since the industries are closed, it would decrease production. Especially on the tourism. People are likely not choose to travel at this period of time, tourist market would be greatly damaged on the top of recession. Some small tourism industries may even went bankrupt if the swine flu is going to be wide spread.There would have great impact on airline companies.
People would feel uncertain, they are less likely to go to shopping mail, pub,gym,restaurants, most importantly, much less consumption on pork although we will not get the virus by consuming pork, but it all matter on the way people think and feel. People feel much safe if they do not eat pork. Therefore, less consumer spending, AD shift to left since there would less trade activities.(diagram...)
However, all the effect are short run.After the flu is over, economy will start to recover.Since the swine flu have not yet be seriously wide spread, the impact would not be so seriouse at the current time.
Wednesday, 29 April 2009
Summary for Unit 2
I am writing for the topic that i am weak at and the points normally i missed out or dun remember.
Capacity utilisation is the extent to which firms using capital goods.
Capacity utilisation is the extent to which firms using capital goods.
Factors affect Saving.
- Real disposable income
- Interest rate
- Age structure of the population
- range of financial institutions
- Confidence and expectation.
- Government spending.(Welfare benefit that may discourage saving)
Factors affect Investment
- Interest rate
- capacity utilisation
- Advanced technology
- corporation tax
- the current situation of economy
- price of equipment
Factors of Government spending
- The situation of the economy
- the extent of market failure
- wars
Cost of economic growth
- Pollution(which would have a harmful effect in the long run),congestion
- demand-pull inflation
- People did not get happier as they get richer.
- the profit may not be evenly distributed
Benefits of economic growth
- lower unemployment
- fiscal dividends
- better standard of living, quality of the life
- reduce poverty
- accelerator effect of growth on capital goods
- improve international trade position
Cost of unemployment
- loss income
- loss total output
- increased government spending(opportunity cost)
- fiscal cost
- demotivating(long term out of employment)
- social instability
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