Scarcity Trade-offs and Opportunity Cost.pptx
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1. The document discusses the economic concepts of scarcity, opportunity cost, explicit and implicit costs, accounting profit, and economic profit. 2. It provides examples to illustrate scarcity and how decisions always involve trade-offs with opportunity costs being the value of the next best alternative forgone. 3. The document aims to help students understand how scarcity drives decision-making and how to calculate opportunity costs using examples such as attending college vs entering the workforce and owning a restaurant vs being an employee.
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Section 2.1 Limited Resources
Introduction
On March 23rd, 2018, Taco Bell surprised everyone in the field of economics by offering col-
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tion, the tuition bills of employees will be paid up front, moving Taco Bell ahead of Starbucks,
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parents smoke around her is neither the buyer nor the seller of the cigarettes, but she is
still affected by the harmful smoke. On the other hand, a coworker can experience positive
externalities due to other coworkers’ college education, even if he has never taken a course.
Studies show that college-educated employees are less likely to be truant and absent, so the
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universities) obviously profit from the arrangement, but others are also affected. For example,
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• Understand the basic economic questions that must be addressed by every economic system.
• Use a circular flow model to show the relationships between firms and households in markets in an
economy.
• Explain and give examples of the basic functions of government.
• Evaluate the benefits of specialization and exchange based on comparative advantage.
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Section 2.1 Limited Resources
Introduction
On March 23rd, 2018, Taco Bell surprised everyone in the field of economics by offering col-
lege tuition benefits for all 200,000 of its employees, even the part-time employees. In addi-
tion, the tuition bills of employees will be paid up front, moving Taco Bell ahead of Starbucks,
previously considered to have the best tuition benefits, whose employees have to pay for
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This document discusses e-marketing and electronic payment systems as part of an e-commerce assignment. It focuses on providing information on marketing products and services online as well as processing payments electronically as part of a course assignment.
CHILD LABOUR PPT (1).pptx
Child labor deprives children of their childhood and is harmful to their development. It remains a problem in India due to poverty, lack of schools, and growth of the informal economy. The document outlines categories of child labor and discusses its prevalence and impact in India as well as existing child labor laws.
UNEMPLOYMENT.pptx
This document discusses the effects of unemployment on the economy. It begins by defining unemployment as when capable and willing workers do not find employment. It then lists different types of unemployment and some key causes, such as high population growth, lack of job opportunities, and slow industry development. The costs of unemployment are then examined at the individual level, such as inability to earn money, and at the societal level in terms of unused resources and lower potential output. The unemployment rate is defined as a percentage calculation of unemployed workers versus the total labor force. Finally, some potential solutions are proposed, such as encouraging small enterprises, changing investment patterns, and reorienting education policy.
wcms_718539 (1).pdf
- The document presents the results of a sub-regional study on skills partnerships and labour migration in West Africa.
- It finds that intra-regional migration is dominant, with about 75% of international migrants in the sub-region moving between countries in West Africa. Common migration trends include movements for economic opportunities and to escape conflicts.
- The labour market is characterized by a large informal sector, low education levels, and high rates of vulnerable employment and youth unemployment. Partnerships aim to better manage skills flows and address imbalances in skills supply and demand across countries in the sub-region.
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一比一原版(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证文凭如何办理
永久可查学历认证【微信：A575476】【(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证成绩单Offer】【微信：A575476】（留信学历认证永久存档查询）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信：A575476】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信：A575476】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
一比一原版新西兰奥塔哥大学毕业证（otago毕业证）如何办理
一模一样【微信：A575476】【新西兰奥塔哥大学毕业证（otago毕业证）成绩单Offer】【微信：A575476】（留信学历认证永久存档查询）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信：A575476】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信：A575476】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
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DearbornMusic-KatherineJasperFullSailUni
My powerpoint presentation for my Music Retail and Distribution class at Full Sail University
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Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
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Scarcity Trade-offs and Opportunity Cost.pptx
- 1. The Foundation of Economics Obj: 1. Students will understand how scarcity drives all decision-making 2. Students will understand opportunity cost and how it is calculated ES: C-7 State implications and consequences of scarcity Agenda: 1. Poll Everywhere 2. Scarcity Demo 3. Presentation 4. Opportunity Cost Read/Sheet HW: Mod 1 Review ?s, Opportunity Cost Sheet, Bring Scarce item
- 2. Scarcity is King • Our world is imperfect…we have unlimited wants trying to be fulfilled using our limited resources • Why is gold valuable? Why do people value clean air/water? Time? • THE ECONOMIC PROBLEM!!!
- 3. Trade-offs • When decisions are made, people are always confronted with multiple alternative actions • Example: Waking up for school… • The ultimate decision should be the most efficient, profitable outcome
- 4. Opportunity Cost • The foregone benefit of the next best alternative when resources are used for one purpose rather than another • What you are missing out on because of the activity you chose to partake in Example: You (or most of you) are seniors about to graduate. When August hits you will be faced with the decision to attend college or enter the workforce. You could either a) spend the $30k a year to attend a University, or b) take a job working retail in the KOP mall for $30k/ year What is your opportunity cost?
- 5. Explicit and Implicit Costs • Explicit—what you pay for something • Implicit—opportunity cost of using your own resources rather than selling them to someone else • Example: Cost of college??? • These 2 types of costs combined make up opportunity cost
- 6. Economic vs. Accounting Profit Lets examine a scenario…McDonald’s manager making $80,000.00 per year decided to leave the restaurant they’re managing and open their own restaurant. In their first year as owner, they make $80,000.00 Opportunity Cost • Explicit = rent, franchise tag, financial services, loan… • Implicit = missing out on his regular $80,000.00 salary, time, effort Accounting Profit Economic Profit $80,000.00 $00.00 ***accounts for time as well as financial costs
- 7. LeBron James is a Master Opportunity Cost Attending any college in the country on scholarship to play basketball. VS. $13 million contract with Cleveland Cavaliers/sponsorship with Nike and Coke
- 8. So…A Kid Walks into a Candy Store with $5 • What are their choices? • Trade-offs? • Opportunity cost? • Explicit costs? • Implicit costs? • Accounting profit? • Economic profit?