1. What benefit could a user
provide to the engineering design
process in the design of a mobile
phone such as the one pictured
on the right?
A. Users could verify the design.
B. Users could provide the
Tutorial Week 8: Ch.7-9
1. Why is productivity related to the standard of living? In your answer be sure to explain what productivity and
standard of living mean. Make a list of things that determine labour productivity.
2. The catch-up effec
October 29, 2012
If the reverse ratio is 5% and a bank receives a new deposit of $200, it will be able to make new
loans up to maximum of $190.
Bank of Canada
Established in 1935
Bank of Canada is Canadas central bank
o Bank of England (oldest)
October 25, 2012
How do banks create money?
Fractional-reserve banking: a banking system in which a bank holds only a fraction of
deposits as reserves.
Reserve ratio: the fraction of total deposits that a bank holds as reserves
October 24, 2012N
Is my MasterCard an asset?
Money: is a method of deferring payment
Money an asset regularly used to buy goods and services
Money has 3 functions:
1. Medium of exchange
2. Unit of account
3. Store of value
Liquidity: the ease wi
October 22, 2012
Would you hire a lawyer willing to work for $8 an hour?
There are three ty
October 18, 2012
Is unemployment necessarily bad?
Statistics Canada divides the non-institutional adult population into three categories:
3. Not in labour force
Unemployment rate = number of unemployed
October 15, 2012
Is a government budget deficit bad for the economy?
o Anything that affects investment (other than the interest rate)
o Anything that affects private saving (other than the interest rate)
o Anything that
Yu Wei Gu
My Learning objective for the Co-op Program
1. Leadership is the main objective goal during the Co-op program. I think leadership is
necessary to become a successful leader of the company. By learning leadership, I can
McMaster University Math 1A03/1ZA3 Fall 2012
Midterm 1 Version 2
October 4 2012
Duration: 90 minutes
Instructors: R. Conlon, A. Contreras, D. Haskell, E. Harper, C.McLean
Student ID Number:
This test paper is printed on both sides of the page. There