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Macro 2
The document discusses the global supply chain involved in producing iPhones. Parts come from companies located in the U.S., U.K., Germany, Korea, Japan, Taiwan, and China. iPhones are then assembled in China and shipped to the U.S. for around 54 cents each. It also notes that innovation requires ideas, ideas require people, and every person has the power to create wealth by making others happy.
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Macro 2
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- 5. ARM Holdings Wolfson Marvel Skyworks CSR Linear Technologies NXP NationalSemiconductor Sharp Samsung Toshiba Infineon Broadcom Numonyx Micron Dialog Semiconductor Texas Instruments STMicroelectronics Silicon Storage RF Microdevices Cirrus Logic U.S. U.K. Germany Korea Japan Taiwan China
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- 8. What would you haveto be paid to never use the Internet again? Then you must be a millionaire
- 9. Only possible because millions ofpeople have learned to cooperate with each other To serve one another
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- 13. What does itcost to ship an iPhone from China to the U.S.? 54¢ 450,000 iPhones cost about $242,000 to charter Fuel accounting for more than half the expense. 44,700 gallons
- 14. What is worththe most?
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- 16. Tradeoffs Mileage Safety A 2001National Academy of Sciences study estimated that the traffic death toll attributable to past downsizing was approximately 2,000 lives per year.
- 17. Economic Models Simplified Versionof Reality Value in Prediction
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- 24. U.S. Farmers 1800 -90 percent
- 25. U.S. Farmers 1900 -45 percent Gasoline engines replaced horses
- 26. U.S. Farmers 2012 -2 percent
- 27. What happened tothose 88 people?
- 28. If you wantmore wealth you more need productivity productivity requires innovation innovation requires inventions inventions require ideas ideas require people
- 29. What is Wealth? WhatPeople Want
- 30. Wealth requires Innovation Peopleare the ultimate wealth Innovation requires ideas Ideas require people
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- 33. Every person has thepower to create wealth
- 34. Because every person hasthe power to make someone happy
- 37. Learning English Access tothe world’s knowledge
- 38. What if Steve Jobs hadbeen born in Syria like his father?
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- 40. 10 Questions 1. Whatis GDP? 2. What is GDP per Capita? 3. What is the Average GDP per capita on earth? 4. What is the GDP per capita in your country? 5. What is innovation? 6. Are all inventors also entrepreneurs? 7. What are the six capitals of innovation? 8. What is the source of wealth? 9. What is the Magic Machine of economics? 10. Will a hurricane increase GDP?
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- 44. Trade is a MagicMachine
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- 46. Most people Most ofthe time Economics is a Soft Science
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- 48. Ideas - Everybody Inventions- Inventors Innovations - Entrepreneurs