Microeconomics Topic 2: Explain the principle of comparative advantage and how it leads to specialization and gains from trade.

Save this PDF as:

Size: px
Start display at page:

Transcription

3 Because s opportunity cost of painting is smaller than s opportunity cost of painting (0.25 < 0.4), we conclude that has the comparative advantage in painting. In general, the opportunity cost of good X is the number of units of good Y the person (or country) would have to give up in order to produce an extra unit of good X. The opportunity cost of good X in terms of good Y can be calculated like so: divide the total output of good Y that a person (or country) is capable of producing by the total output of good X that a person (or country) is capable of producing. That will give you the opportunity cost of X in terms of Y. Next we look at the opportunity cost of wallpapering. We use the same method as above, but this time we divide the production of painting by the production of wallpapering (instead of the reverse). It turns out that s opportunity cost of wallpapering 1 room is 4 rooms painted, while s opportunity cost of wallpapering 1 room is 2.5 rooms painted. Because s opportunity cost of wallpapering is smaller than s opportunity cost (2.5 < 4), we conclude that has the comparative advantage in wallpapering. Tip: With two activities (or goods), a person (or country) cannot have a comparative advantage in both activities (or goods). Therefore, if one has the comparative advantage in painting, the other will have the comparative advantage in wallpapering. Specialization and Trade In general, a person (or country) will specialize in the activity in which she has a comparative advantage. In our example, will specialize in painting. She will paint more and wallpaper less., in turn, will specialize in wallpapering. He will wallpaper more and paint less. (Note that they don t have to completely specialize by devoting all of their time to one activity.) Let s assume that will devote 70% of her week to painting and 30% of her week to wallpapering, while will devote 25% of his week to painting and 75% of his week to wallpapering. (Note that we could have chosen other combinations of time spent painting and wallpapering. These numbers were adopted for simplicity.) Given the hours chosen, and will produce the following outputs in one week: Table 3: Production with Specialization If you compare the outcome in Table 3 to the situation without specialization in Table 2, you will see that we have the same amount of wallpapered rooms as before ( =

5 exchange allowed to specialize in painting -- the activity in which she is even more efficient. We have focused on trade between individuals, but our insights apply to trade between nations as well. The gains from trade are obvious when one country is better at producing one good and its trading partner is better at producing another. It is less obvious, but also true, that if one country is better at producing everything, then both countries can still gain from trade.

Online Appendix: Payoff Diagrams for Futures and Options

Online Appendix: Diagrams for Futures and Options As we have seen, derivatives provide a set of future payoffs based on the price of the underlying asset. We discussed how derivatives can be mixed and

chapter >> Making Decisions Section 1: Opportunity Cost and Decisions

chapter 7 >> Making Decisions Section 1: Opportunity Cost and Decisions In Chapter 1 we introduced some core principles underlying economic decisions. We ve just seen two of those principles at work in

Microeconomics Topic 3: Understand how various factors shift supply or demand and understand the consequences for equilibrium price and quantity.

Microeconomics Topic 3: Understand how various factors shift supply or demand and understand the consequences for equilibrium price and quantity. Reference: Gregory Mankiw s rinciples of Microeconomics,

workshops Strategies for Generating Leads MILLION DOLLAR PIPELINE PROGRAM NOTEBOOK What it takes to become a good lead generator Understanding your goal How many leads do you need to generate based on

contracts consumer protector

western cape office of the consumer protector What you should know about contracts The purpose of this guide is to give ordinary South African consumers a very basic guide to contracts and what they mean

Option Theory Basics

Option Basics What is an Option? Option Theory Basics An option is a traded security that is a derivative product. By derivative product we mean that it is a product whose value is based upon, or derived

Knowledge Enrichment Seminar for Senior Secondary Economics Curriculum. Macroeconomics Series (3): Extension of trade theory

Knowledge Enrichment Seminar for Senior Secondary Economics Curriculum Macroeconomics Series (3): Extension of trade theory by Dr. Charles Kwong School of Arts and Social Sciences The Open University of

BULL'S EYE TRADING. by Joe Duffy. A trading champion's guide to pinpointing tops and bottoms in any market

BULL'S EYE TRADING A trading champion's guide to pinpointing tops and bottoms in any market by Joe Duffy Trading futures and options does involve financial risk. Contact us for a discussion of the potential

Seven Things You Must Know Before Hiring a Real Estate Agent

Seven Things You Must Know Before Hiring a Real Estate Agent 1 Introduction Selling a home can be one of the most stressful situations of your life. Whether you re upsizing, downsizing, moving across the

Microeconomics Topic 6: Be able to explain and calculate average and marginal cost to make production decisions.

Microeconomics Topic 6: Be able to explain and calculate average and marginal cost to make production decisions. Reference: Gregory Mankiw s Principles of Microeconomics, 2 nd edition, Chapter 13. Long-Run

Notes - Gruber, Public Finance Section 12.1 Social Insurance What is insurance? Individuals pay money to an insurer (private firm or gov).

Notes - Gruber, Public Finance Section 12.1 Social Insurance What is insurance? Individuals pay money to an insurer (private firm or gov). These payments are called premiums. Insurer promises to make a

Two-State Options John Norstad j-norstad@northwestern.edu http://www.norstad.org January 12, 1999 Updated: November 3, 2011 Abstract How options are priced when the underlying asset has only two possible

Before we discuss a Call Option in detail we give some Option Terminology:

Call and Put Options As you possibly have learned, the holder of a forward contract is obliged to trade at maturity. Unless the position is closed before maturity the holder must take possession of the

Slutsky Equation. M. Utku Ünver Micro Theory. Boston College. M. Utku Ünver Micro Theory (BC) Slutsky Equation 1 / 15

Slutsky Equation M. Utku Ünver Micro Theory Boston College M. Utku Ünver Micro Theory (BC) Slutsky Equation 1 / 15 Effects of a Price Change: What happens when the price of a commodity decreases? 1 The

INTRODUCTION. This program should serve as just one element of your due diligence.

FOREX ONLINE LEARNING PROGRAM INTRODUCTION Welcome to our Forex Online Learning Program. We ve always believed that one of the best ways to protect investors is to provide them with the materials they

Microeconomics Topic 7: Contrast market outcomes under monopoly and competition.

Microeconomics Topic 7: Contrast market outcomes under monopoly and competition. Reference: N. Gregory Mankiw s rinciples of Microeconomics, 2 nd edition, Chapter 14 (p. 291-314) and Chapter 15 (p. 315-347).

GEORGIA PERFORMANCE STANDARDS International Domain [Type the author name]

GEORGIA PERFORMANCE STANDARDS International Domain [Type the author name] GEORGIA PERFORMANCE STANDARDS INTERNATIONAL ECONOMICS Fundamental Economic Concepts SSEF3 The student will explain how specialization

YOU WILL NOT BE EFFECTIVE READING THIS.

This is the most effective and powerful script for securing appointment with FSBO's you will ever put to use. This scrip will increase your appointment closing ratio by 50-60%. The thing to keep in mind

Why is Insurance Good? An Example Jon Bakija, Williams College (Revised October 2013)

Why is Insurance Good? An Example Jon Bakija, Williams College (Revised October 2013) Introduction The United States government is, to a rough approximation, an insurance company with an army. 1 That is

Leverage and margin. Module 3 Introduction Programme. Leverage and margin

Module 3 Introduction Programme Leverage and margin This module explains leverage and gearing and compares spread bets with non-geared investments. Additionally, there are a number of worked examples of

Your Complete CRM Handbook Introduction Introduction Chapter 1: Signs You REALLY Need a CRM Chapter 2: How CRM Improves Productivity Chapter 3: How to Craft a CRM Strategy Chapter 4: Maximizing Your CRM

Chapter 2. My Early Days Trading Forex

Chapter 2 My Early Days Trading Forex I want to talk about my early days as a Forex trader because I m hoping that my story will be something you can relate to. So it doesn t really matter if you are brand

Brought to you by. Technology changes fast. From new apps to digital marketing, it can feel impossible to keep up.

Brought to you by Technology changes fast. From new apps to digital marketing, it can feel impossible to keep up. At The Paperless Agent, our mission is to help real estate professionals from all experience

Seven Things You Must Know Before Hiring a Real Estate Agent

Seven Things You Must Know Before Hiring a Real Estate Agent Seven Things To Know Before Hiring a Real Estate Agent Copyright All Rights Reserved 1 Introduction Selling a home can be one of the most stressful

ebay Market Research: Where to Start Insights into the real value of using HammerTap s market research tool to sell better on ebay

ebay Market Research: Where to Start Insights into the real value of using HammerTap s market research tool to sell better on ebay Start with Research Sellers who want to begin an ebay business or expand

In following this handout, sketch appropriate graphs in the space provided.

Dr. McGahagan Graphs and microeconomics You will see a remarkable number of graphs on the blackboard and in the text in this course. You will see a fair number on examinations as well, and many exam questions,

Top Rules for Selling Medical Equipment Online

18 Top s for Selling Medical Equipment Online By Philip F. Jacobus Table of Contents Introduction... Page 3 1: Know the players... Page 4 2: Wholesale versus retail... Page 5 3: Pricing factors... Page

Derivative Users Traders of derivatives can be categorized as hedgers, speculators, or arbitrageurs.

OPTIONS THEORY Introduction The Financial Manager must be knowledgeable about derivatives in order to manage the price risk inherent in financial transactions. Price risk refers to the possibility of loss

Stuart McPhee s Trading Plan Template

Stuart McPhee s Trading Plan Template Mindset * Right from the start you need to ask yourself whether you are prepared to work towards achieving a trading plan that will work. If yes, great! Many people

HOMEOWNERSHIP TIPS. In honor of June Homeownership month in Illinois, we posted daily tips. For your benefit, we have consolidated the list here.

HOMEOWNERSHIP TIPS In honor of June Homeownership month in Illinois, we posted daily tips. For your benefit, we have consolidated the list here. The home buying process might seem complicated or unmanageable.

The Efficiency of Markets. What is the best quantity to be produced from society s standpoint, in the sense of maximizing the net benefit to society?

The Efficiency of Markets What is the best quantity to be produced from society s standpoint, in the sense of maximizing the net benefit to society? We need to look at the benefits to consumers and producers.

USING TIME SERIES CHARTS TO ANALYZE FINANCIAL DATA (Presented at 2002 Annual Quality Conference)

USING TIME SERIES CHARTS TO ANALYZE FINANCIAL DATA (Presented at 2002 Annual Quality Conference) William McNeese Walt Wilson Business Process Improvement Mayer Electric Company, Inc. 77429 Birmingham,

c01_1 09/18/2008 1 CHAPTER 1 COPYRIGHTED MATERIAL Attitude Is Everything in a Down Market http://www.pbookshop.com

c01_1 09/18/2008 1 CHAPTER 1 Attitude Is Everything in a Down Market COPYRIGHTED MATERIAL c01_1 09/18/2008 2 c01_1 09/18/2008 3 Whether you think you can or you think you can t, you are right. Henry Ford

PUBLIC HEALTH OPTOMETRY ECONOMICS. Kevin D. Frick, PhD

Chapter Overview PUBLIC HEALTH OPTOMETRY ECONOMICS Kevin D. Frick, PhD This chapter on public health optometry economics describes the positive and normative uses of economic science. The terms positive

Commodity Options as Price Insurance for Cattlemen

Managing for Today s Cattle Market and Beyond Commodity Options as Price Insurance for Cattlemen By John C. McKissick, The University of Georgia Most cattlemen are familiar with insurance, insuring their

How to sell a business in any market

How to sell a business in any market Fundamental Rules to Sell Your Business Rule 1: A business is not like Real Estate in the way it is valued. Real Estate is generally valued on location, bricks and

Microeconomics Topic 9: Explain externalities and public goods and how they affect efficiency of market outcomes.

Microeconomics Topic 9: Explain externalities and public goods and how they affect efficiency of market outcomes. Reference: Gregory Mankiw s Principles of Microeconomics, 2 nd edition, Chapters 10 and

LESSON 14 HOW ARE STOCK PRICES DETERMINED? ACTIVITY 14.1 STOMPING GROUNDS: BUYERS Coffee is your favorite drink. For you and everyone in your family, a good day begins with a nice fresh cup. Stomping Grounds,

How to Sell Your House Fast: Your Guide to Selling Your House Even If You re Not a Sales Person

How to Sell Your House Fast: Your Guide to Selling Your House Even If You re Not a Sales Person Are you still trying to sell your house? This report is all you need to guide you through everything you

THEME: VALUING GOODWILL

THEME: VALUING GOODWILL By John W. Day, MBA ACCOUNTING TERM: Goodwill Goodwill is the difference between the value of a business enterprise as a whole and the sum of the current fair values of its identifiable

The 10 Most Costly Mistakes You Can Make When Selling Your Home

The 10 Most Costly Mistakes You Can Make When Selling Your Home When you are getting ready to put your property on the market, there is a myriad of things to think about, to prepare for and to organize.

The Call Option. Options Boot Camp Part 2

Options Boot Camp Part 2 About Sunset Partners Our Presenters Today Robert Hamer, Principal Chief Investment Strategist & Portfolio Manager Experience Trader Chicago Board Options Exchange: 1983-1998 Senior

ACTIVITY 8.1 A MARGINAL PLAY

LESSON 8 BUYING ON MARGIN AND SELLING SHORT ACTIVITY 8.1 A MARGINAL PLAY Stockbroker Luke, Katie, and Jeremy are sitting around a desk near a sign labeled Brokerage Office. The Moderator is standing in

Special Insider s Report Top Producer Secrets About Cheap Leads Revealed! Avoiding The 5 Ways Cheap Leads Can Steal Your Money By Clint Jones CEO, ProspectZone TM Smart leads. Cost per Lead vs. Cost per

How Leverage Really Works Against You

Forex Trading: How Leverage Really Works Against You By: Hillel Fuld Reviewed and recommended by Rita Lasker 2012 Introduction: The Forex market is an ideal trading arena for making serious profits. However,

WEBINAR WORKBOOK: What s included? 2 x formulas to create and manage change How to write a goal and build a life plan Personal Finance HealthCheck

WEBINAR WORKBOOK: A Simple 3-Step Guide Toward Creating A Life Plan And Improving Your Personal Finances In Just 60 Minutes (even if you have no idea what you want to do in your life and you re hopeless

Chapter 1 Introduction Disclaimer: Forex Involves risk. So if you lose money you can't blame us we told you trading involves risk.

By Casey Stubbs -Winners Edge Trading.com Table of Contents Chapter 1. Introduction Chapter 2.. Trading Plan Chapter 3.. Money Management Chapter 4. Moving Average Strategy Chapter 5. Stochastic Strategy

Lay System Split test

Lay System Split test Copyright This report and its content are copyright Bluebell Data / Sporting Bots Limited. You may share or give it away as long as the contents, links and disclaimers stay exactly

IT & Small Businesses. It can help grow your small business and cut cost where you never thought possible.

It can help grow your small business and cut cost where you never thought possible. Contents Introduction Cutting Cost Saving Time Creating a Competitive Advantages Conclusion 3 4 9 12 13 2 Title of the

10 TIPS FOR ACCELERATING YOUR PIPELINE

10 TIPS FOR ACCELERATING YOUR PIPELINE Accelerate the Funnel The average sales cycle length has increased 22% over the past five years due to more decision makers being involved in the buying process (SiriusDecisions).

Are you tired of wondering where your next sale will come from? You Can With Our Lead Generation Software

Are you tired of wondering where your next sale will come from? You Can With Our Lead Generation Software Are you tired of wondering where your next sale will come from? Are you fed up with the costs of

N. Gregory Mankiw Principles of Economics. Chapter 3. INTERDEPENDENCE AND THE GAINS FROM TRADE

N. Gregory Mankiw Principles of Economics Chapter 3. INTERDEPENDENCE AND THE GAINS FROM TRADE Solutions to Problems and Applications 1. In the text example of the farmer and the rancher, the farmer's opportunity

The Cost of Not Nurturing Leads

The Cost of Not The legacy you are stuck in and the steps essential to change it. Lisa Cramer Co-Founder & President LeadLife Solutions lcramer@leadlife.com 770.670.6702 It s a challenging time more so

A Beginner s Guide to Financial Freedom through the Stock-market. Includes The 6 Steps to Successful Investing

A Beginner s Guide to Financial Freedom through the Stock-market Includes The 6 Steps to Successful Investing By Marcus de Maria The experts at teaching beginners how to make money in stocks Web-site:

Standard 10: The student will explain and compare the responsibilities of renting versus buying a home.

STUDENT MODULE 10.3 RENTING VERSUS BUYING PAGE 1 Standard 10: The student will explain and compare the responsibilities of renting versus buying a home. Buying a House Hank and Peggy decide it is finally

How to see the market context using CCI Written by Buzz

How to see the market context using CCI Written by Buzz Towards the end of September 2003, I decided to stop trading the S&P e-mini for a while and focus on the Russell 2000 e-mini. The swings seemed to

AutoSalesTraining. The Road to Success. Supplement included: Ten Step Road to the Sale

The Road to Success Supplement included: Ten Step Road to the Sale The Road to Success... 3 The Ultimate Objective of a Successful Salesperson... 6 Prompt Approach... 8 Proper Approach... 10 Gathering

Volatile Commodity Prices and Tips to Follow when Markets are Unpredictable Basic Guidelines for Commodity Traders

Volatile Commodity Prices and Tips to Follow when Markets are Unpredictable Basic Guidelines for Commodity Traders What iscommodity futures contract? By definition, commodity futures contract is an agreement

Economics for Educators

Economics for Educators Lesson 18 and 5E Model Revised Edition Robert F. Hodgin, Ph.D. ii Economics for Educators, Revised Copyright 2012 All Rights Reserved 99 Economics for Educators, Revised Lesson

We need to allocate the purchase price in an M&A deal because we often pay more for the seller than what their balance sheet says they re worth.

Why Purchase Price Allocation? We need to allocate the purchase price in an M&A deal because we often pay more for the seller than what their balance sheet says they re worth. When that happens, we run

Property Ownership, real Property Transfers, and Taxes

Property Ownership, real Property Transfers, and Taxes In This Chapter Section -1 Section -2 Section -3 types of Property ownership transferring Property basic tax Matters Chapter Find definitions for

Cloud Strategy - Transforming Your Approach To Business The cloud is a game-changer and moving to the cloud means transforming the way you sell and do business today, as David Ednie, President and CEO

Standard 10: The student will explain and compare the responsibilities of renting versus buying a home.

TEACHER GUIDE 10.3 RENTING VERSUS BUYING PAGE 1 Standard 10: The student will explain and compare the responsibilities of renting versus buying a home. Buying a House Priority Academic Student Skills Personal

INTRODUCTION TO MACROECONOMICS MIDTERM- SAMPLE QUESTIONS

INTRODUCTION TO MACROECONOMICS MIDTERM- SAMPLE QUESTIONS MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) In May 2009, Ford Motor Company's sales

Thus MR(Q) = P (Q) Q P (Q 1) (Q 1) < P (Q) Q P (Q) (Q 1) = P (Q), since P (Q 1) > P (Q).

A monopolist s marginal revenue is always less than or equal to the price of the good. Marginal revenue is the amount of revenue the firm receives for each additional unit of output. It is the difference

LIST BUILDING PROFITS

LIST BUILDING PROFITS BUILD YOUR LIST THE RIGHT WAY Jonathan Leger COURTESY OF LEARNFROMJON.COM - PRIVATE BUSINESS COACHING FROM A MULTI-MILLION DOLLAR INTERNET MARKETER + ACCESS TO PREMIUM AND EXCLUSIVE

Commodity Futures and Options

Understanding Commodity Futures and Options for Producers of Livestock and Livestock Products CIS 1100 The Authors Larry D. Makus, C. Wilson Gray and Neil R. Rimbey* Introduction Risk associated with an

CME In a Low Interest Rate World, Is the Carry Trade Dead?

CME In a Low Interest Rate World, Is the Carry Trade Dead? Timothy Morge, CTA and President Blackthorne Capital, Inc. Internet Presentation Sponsored by Interactive Brokers February 14, 2013 www.marketgeometry.com

Easy Surefire Guaranteed System To Win Every Time At Online Blackjack (only system in the world based on human greed)

Easy Surefire Guaranteed System To Win Every Time At Online Blackjack (only system in the world based on human greed) Brought to you by advantagegamingtools.com Page 1 WWW.DEALPLAYWIN.COM Hello fellow

Table of Contents Reverse Mortgage O verview... Reverse Mortgage K ey Questions... 5 Reverse Mortgage Pros and Cons... 7 Reverse Mortgage Borr

1 Table of Contents Reverse Mortgage Overview... Reverse Mortgage Key Questions... Reverse Mortgage Pros and Cons... Reverse Mortgage Borrower Qualification... Reverse Mortgage Key Items... Reverse Mortgage

Exiting your Business The material in this document is intended to provide only general information to Canadian Western Bank s clients and the public, and not for the purposes of providing professional

Insurance Marketing White Paper The benefits of implementing marketing automation into your email marketing strategy

Insurance Marketing White Paper The benefits of implementing marketing automation into your email marketing strategy Katie Traynier July 2013 Email and Website Optimisation Introduction Most email marketers

The Very Best Way We Know to Play the Trifecta

Frandsen Publishing Presents Favorite ALL-Ways TM Newsletter Articles The Very Best Way We Know to Play the Trifecta When approached properly, the Trifecta is not only a fun wager, but it can be wonderfully

Automated Underwriting and Pre-Qualification. Qualifying and Closing Borrowers Using a Functional Script

Automated Underwriting and Pre-Qualification Qualifying and Closing Borrowers Using a Functional Script Contents Introduction - Automated Underwriting and Pre-Qualification...2 Loan Officers Have Stopped

The 4 Ways You Can. When A Realtor Can t Do The Job

The 4 Ways You Can Sell Your Home When A Realtor Can t Do The Job Table Of Contents: 1. Selling Your Home Fast. 2. Home Selling Guidelines 3. Is It A Good Idea To Sell The Home Yourself? 4. Marketing Your

MODULE 4 MODULE 4 INTRODUCTION PROGRAMME LEVERAGE AND MARGIN

INTRODUCTION PROGRAMME MODULE 4 LEVERAGE AND MARGIN This module explains leverage and gearing and compares CFDs with non-geared investments. Additionally, there are a number of worked examples of how our

Class 2: Buying Stock & Intro to Charting Today s Class Buying Stock Intro to Charting Real World Analysis Buying Stock What Is a Stock? Share of ownership in a company Publicly traded Holds monetary value

The overall size of these chance errors is measured by their RMS HALF THE NUMBER OF TOSSES NUMBER OF HEADS MINUS 0 400 800 1200 1600 NUMBER OF TOSSES

INTRODUCTION TO CHANCE VARIABILITY WHAT DOES THE LAW OF AVERAGES SAY? 4 coins were tossed 1600 times each, and the chance error number of heads half the number of tosses was plotted against the number

Profit Strategies for Small Businesses Tackling the Challenges of Internet Marketing If you re a small business owner, your goal is profitability. And marketing is the key to big profits. But small business

BEGINNERS GUIDE ON HOW TO USE BINARY OPTIONS TRADING SIGNALS

1 P a g e BEGINNERS GUIDE ON HOW TO USE BINARY OPTIONS TRADING SIGNALS Written by Danny Rogers 2 P a g e Contents How to Use Trading Signals... 3 Do some research... 4 Look for both quality and fair price...

CONTROLLING Your TRADES, MONEY& EMOTIONS By Chris Vermeulen INTRODUCTION In this condensed guide I have put together some key points which I think should be read a few times in order for these critical

Sell Your House in DAYS Instead of Months No Agents No Fees No Commissions No Hassle Learn the secret of selling your house in days instead of months If you re trying to sell your house, you may not have

Businesses are affected by the economy An economy describes how a country spends its money This is determined by 5 factors

Economic Factors Businesses are affected by the economy An economy describes how a country spends its money This is determined by 5 factors Economic Growth Exchange Rates Rates Economic Factors Inflation

FOREX FOR BEGINNERS. www.mundomarkets.com

FOREX FOR BEGINNERS CONTENT 01. 02. 03. 04. What is forex market and how it works? Forex market (page 2) Liquidity providers (page 3) Why acquiring knowledge is important in the forex market? Experience

Chapter 21: Consumer Behavior and Utility Maximization

Chapter : Consumer Behavior and Utility Maximization ANSWERS TO END-OF-CHAPTER QUESTIONS - Explain the law of demand through the income and substitution effects, using a price increase as a point of departure

THEME: UNDERSTANDING EQUITY ACCOUNTS

THEME: UNDERSTANDING EQUITY ACCOUNTS By John W. Day, MBA ACCOUNTING TERM: Equity Equity is the difference between assets and liabilities as shown on a balance sheet. In other words, equity represents the

www.eyecaresuccess.com

The Top Ten Advertising Mistakes Most Optometrists Make and How You Can Avoid Them! An Eye Care Success Special Report by Dr. Bill O Shea www.eyecaresuccess.com Please feel free to share or distribute

Understanding Margins

Understanding Margins Frequently asked questions on margins as applicable for transactions on Cash and Derivatives segments of NSE and BSE Jointly published by National Stock Exchange of India Limited

2. Imagine a society that produces military goods and consumer goods, which we ll call guns and butter.

Solution of Economics HW1 Fall Term 2014 1. Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following

1 Prospecting Tips and Tactics for Better Buyer Leads Connection Maura Neill, CRS, ABR, CDPE, e-pro, MRP, REALTOR about.me/mauraneill Would You Rather... 2 Work cold leads... 3 4 Work cold leads... Who

COMMUNITY READINESS CENTER 830 Chisholm Ave Fort George G. Meade, MD Army: 301.677.5590 Navy: 301.677.9014

JANUARY 7 th Dollars & Sense 0900-1100 13 th Car Buying (FFSC) 1300-1500 14 th Banking Basics 0900-1100 21 st Getting Out of Debt 0900-1100 28 th First Term Financial Readiness (online class) 0800-1600

Lecture Notes: Basic Concepts in Option Pricing - The Black and Scholes Model

Brunel University Msc., EC5504, Financial Engineering Prof Menelaos Karanasos Lecture Notes: Basic Concepts in Option Pricing - The Black and Scholes Model Recall that the price of an option is equal to

STUDENT MODULE 6.1 RETIREMENT PLANNING PAGE 1 Standard 6: The student will explain and evaluate the importance of planning for retirement. Planning for Your Retirement Lindzi and Lezli will attend retirement

Merchandise Accounts. Chapter 7 - Unit 14

Merchandise Accounts Chapter 7 - Unit 14 Merchandising... Merchandising... There are many types of companies out there Merchandising... There are many types of companies out there Service company - sells

7 Secrets To Websites That Sell. By Alex Nelson

7 Secrets To Websites That Sell By Alex Nelson Website Secret #1 Create a Direct Response Website Did you know there are two different types of websites? It s true. There are branding websites and there

Leverage. Chapter 1 LEVERAGE. In this chapter, you will be able to:

Chapter 1 Leverage In this chapter, you will be able to: Understand how traders magnify their profits with leverage Understand how to profit from the market when it is declining by short selling Identify

Chapter 13 Money and Banking

Chapter 13 Money and Banking Multiple Choice Questions Choose the one alternative that best completes the statement or answers the question. 1. The most important function of money is (a) as a store of