Chapter 4 Problem 11 Suppose that during a given year: (1) the price of TV sets increases by 4 percent in Japan‚ (2) the dollar depreciates by 5 percent with respect to the yen‚ (3) Consumer incomes in the United States increase by 3 percent‚ (4) the price elasticity of demand for imported TV sets in the United States is -1.5‚ and (5) consumers’ income elasticity of demand for TV sets in the United States is 2. (a) If the price of the imported TV set was $300 in the United States at the beginning
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According to economic theory‚ what determines the demand for a product? According to economic theory‚ the demand for a product is determined by four factors; popularity or fashion‚ income‚ the age distribution of a country and the price of related goods. The most important of these being the income. There is a positive relationship between the income of the consumers and the demand of a normal good. The disposable income of any consumer determines how much money they have to spend on goods. With
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Discipleship and the Gospel of Mark 1. What does the Markan Jesus believe his mission is? Why does Jesus need followers? The gospel of Mark‚ the first and shortest gospel‚ written for Mark’s gentile community around 70 CE‚ was such an important piece of writing in presenting the life Jesus led. Mark’s gospel was the most vivid in the portrayal and characterization of the reign of God. It was written in Rome at a time when Mark’s people were under the threat of persecution. Through his writing
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Pre-IB World History Instructions: Read through the following sources and answer the questions that follow on a separate sheet of paper. At the end of the readings you will be able to use the sources to answer the focus question listed below. Focus Question: Were the Crusades caused primarily by religious devotion or by the desire for political and economic gain? Explain your answer and use sources and ideas to back up your answer. Source 1: Pope Urban II‚ 1095 …."Although‚ O sons of God
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James Ryan Ting Chen Brendan Foley Liz Filachek Caylea Barone Question 1: Thesis: At the beginning of the postclassical era‚ the Catholic Church was the only stabilizing institution left after the fall of Rome. Throughout the postclassical era‚ the Catholic Church had to compete with secular groups‚ other religions‚ and its own corruption to emerge as the dominant authority in Western Europe (as the Pope became the most powerful man in Europe) at the end of postclassical era by asserting its divine authority
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41. Shays Rebellion was significant because it made the American delegates realize that the states had too much power and the central government didn’t have enough power. This assumption led to the revisions of the articles of confederation which led to the being written constitution. 42. The great compromise was presented by Roger Sherman in 1787. There was a political dispute the included Virginia and New Jersey. At the Constitutional Convention there was a plan drafted that would subside the
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Some people regard TV as the greatest invention of the humanity and can hardly imagine their lives without it‚ others‚ on contrary‚ are strongly convinced that it is used only for brainwashing and is a real curse for society. So what is television? A blessing or a problem? One point in favour of television is that it is a great source of education. We can get acquainted with different cultures and ways of life and get the out of the box view which is so important in modern world. If it wasn’t for
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articles the federal government had very little power. It was quite clear the articles would not last for long. The next form of government would be under the Constitution. Now the federal government would have considerably more power‚ but now the problem of forcing the nation to respect that new found power became more prominent. By nature when a human is forced to do something they do not like or want to do they are likely to try some form of rebellion. This is very true in regards to the federal
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ILM Level 3 Award in Leadership and Management Assignment 1 Problem Solving Background: The organisation I currently work for is a charity called Ageuk. Our Ageuk local known as Ageuk Birmingham was formed from a merger of age concern and help the aged in 2009. We operate from the Oscott Community Centre which is based in the Great Barr area. Our aim is to provide a rich variety of paid and non-paid services to clients aged 50 plus through the centre. Since the merger in 2009 our range
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Question 1: Just Following Orders? Do you believe the sentence she received is just? Wasn’t she simply following orders? Why did Ms. Vinson make the ethical decisions that she made? In my opinion‚ from the two articles read I do not believe that the sentence of 5 months in prison that Ms Vinson received coincided with her level of involvement. Ms Vinson was the Senior of Corporate Reporting Department; for two years she chooses to continue to misrepresent and inflate figures that were to be
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