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-Economic subjects: families (consumers), firms (producers) and government.
THE CIRCULAR- FLOW DIAGRAM:
-Families/Households buy and consume goods and services, paying a price for them. Own and sell factors of production and receive an income (wage) for them.
-Firms produce and sell goods and services (receiving a price for them) and hire factors of production (paying a price for them).
-In the markets for goods and services, the families buy and the firms sell.
-In the markets for factors of production,
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1. Explain what the Success Theory of self-interest is, as described by Derek Parfit. A theory of self-interest is a general answer to the question ‘what would be in a person’s interest?’ or ‘what would be best for a person? ’Or what would make aperson’s life go for him, as well as possible?’. The success theory of self-interest is part of the desire-fulfillment theories, which claim that what would make one’s life go best is whatever would best fulfill one’s desires. What makes
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Bonds: is a debt instrument issued by governments or corporations to raise money
The successful investor must be able to:
Understand bond structure
Calculate bond rates of return
Understand interest rate risk
Differentiate between real and nominal returns
Components:
Bond – Security that obligates the issuer to make specified payments to the bondholder.
Face Value – Payment at the maturity of the bond. Also called “principal ” or “par value ”
Coupon – The interest payments paid to the bondholder.
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theory that need not necessarily be veradera.
36. When you sign the modern world view and those were: In the sixteenth and seventeenth S. Copernicus, Galileo, Kepler, Tycho Brahe …
37. Copernicus reasons that moved to replace the one heliocentric Ptolemaic system: Each time you into a new observation, astronomers veianobligados to introduce new epicycles. Thus the STRONOMY had been loaded with circles, while the heliocentric be simpler mathematically.
39. In the sist. Copernicus the earth must
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List the identified two causes of unsatisfactory results commonly found in building and construction. *Poor management and work environment, inadequate resources and equipment, poor working conditions, unclear or lack of benchmark.People factor, lack of training and/or communication.B. Describe the sources of data used to identify defects.*The standards against which conformity is measured can take a range of forms. The most common source for the reference standards is usually the contract technical
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Banker’s Automated Clearing Services (BACS) it’s an automated system to make payments from one account to another there usually used for direct debits but it can take up to 3 days.Faster Payments Service (FPS) It is an electronic payment type that can be done by phone, laptop or by the bank. Is used to pay in seconds and is quicker than BACS.
Explain the difference between a standing order and a direct debit.Standing order, withdrawal is made at a regular interval and the amount of money is
