qb. Gor Morking Schens AL. a3. Abe AS. AS. Not a Eree good. Hark: = Resources used in providing the bue secvice have alternative uses./There are costs of using the resources in peoviding the bus secvice. any one, & = More of the bus service is preferred to less. (Remack mere mention of the definition of Eree good ~ aax. 2 macks) Average labour productivity is output per unit of labour, e.5- per man-hour. 2 Methods to caise labour productivity : = division of labour = increasing quantity/quality of capital goods ~ more training of workers any two, 2 @ = incentivé schenes = any other relevant point Max (Hack the PIRST TO points only) quantity transacted = Q a market price = Po ow i p Rxplanetion : The price ceiling is ineffective-/The price ceiling is highec than the equilibrium price. Whethec the return Rate of cetucn | depends on the bank's business performance Time deposit interest Fixed cate 20. holder Ordinary dividends variable yes shareholder 6 ; 5) taximin amount of deposits to be created = S100 x Zz j oz ) $500 : 240 enack mere calculation of ainimum reserve ratio z max. 2 vacks) (Remack Leulati rE re t 7200 20: wacl fe is NOT a standard cf deferred payment. 2 | =~ not a commonly accepted medium of exchange 2 = not of homogeneous quality 2 Te is NOT a store of value. 2 — hot a commonly accepted medium of exchange 2 2 = not durable/unstable valve It is NOT a unit of accoust. = not 2 commonly accepted medium c = exchange ratio acbitcary € exchange wwe SeMarking Schewe av. (2) Gi) Propecty tax ~ direct tax Git) Rates - indirect tax 7 (b) Peopecey tax : the tax burden can’t be shifted fron the property owner onto the lessee 2 Rates : the cax burdesi can be shifted onto the lessee 2 AB. Te occurs when the country’s capital account and other itens in the Gareent account altogether has a surplus and the surplus is greater 4 than the trade deficit.gercenecou T Mocking Schess Macking Scheme Nae By (a) Lateral expansion ui che motives : = diversification of product/spread risk = make use of brand nase any two, 2@ (b) = economies of scale (Mack the PIRST THO pointe only.) @ ° Price e Tositt : 2 rE | SS 3 s D ° [|__| > Quantity ana Supply } 1 equilibrium price | a equilibrium quantity 1 a Gi) demand for US-made cars (substitutes) @ (Serived) desand for U-S. car manufacturing workers | 1 Wage Rate wv 2 w Quantity of Latour