FLOODING IN SOUTH AFRICA INTRODUCTION The aim of this assignment is to give background information about flooding in South Africa. These would be carried out through the means of research on journal entries‚ web research and different literatures. The nature of flooding‚ the main causes of flooding‚ the effect of development of flooding hazards and the effect of the economic status of people regarding flooding hazards will be taken into consideration. Definition of key terms Flooding An
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Standards/Elements addressed by the Unit 1 test: SSEF1 The student will explain why limited productive resources and unlimited wants result in scarcity‚ opportunity costs‚ and tradeoffs for individuals‚ businesses‚ and governments. a. Define scarcity as a basic condition that exists when unlimited wants exceed limited productive resources. b. Define and give examples of productive resources (factors of production) (e.g.‚ land (natural)‚ labor (human)‚ capital (capital goods)‚ entrepreneurship)
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Kelsea Shick Economics October 5‚ 2010 An economic system consists of production‚ distribution/consumption of goods and services of an economy (Grolier). Without any of the above an economy would not become as industrialized and successful as either the
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Fears and Concerns about Public Speaking Fears and Concerns about Public Speaking There are many things in this world that one can have a fear of. One could be scared of bugs‚ the dark‚ or heights; but a major fear is the fear of having to speak in public. In everyday life public speaking is necessary‚ whether it be in a social or professional setting. My biggest fears and concerns about public speaking are being the center of attention‚ rejection‚ and failure. Being the center of attention
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1. Distinguish between Micro economics and Macro economics. Microeconomics may be defined as that branch of economic analysis‚ which studies the economic behavior of the individual unit‚ maybe a person‚ a particular household‚ or a particular firm. It is a study of one particular unit rather than all the units combined together. In microeconomics‚ we study the various units of the economy‚ how they function and how they reach their equilibrium. An important tool used in that of microeconomics is
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Developing Countries: A developing country‚ also called a less-developed country (LDC)‚ is a nation with a low living standard‚ undeveloped industrial base‚ and low Human Development Index (HDI) relative to other countries. Developing countries have low levels of living and productivity‚ high population growth‚ underdeveloped industry and a reliance on agriculture and exports for economic sustainability. World Trade Organization (WTO) and Developing Countries: Over three quarters of WTO members
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Investment South Korea is a role model country that has‚ over the past 40 years‚ successfully evolved into a country of notable economic growth. Possessing a highly achieving educational system‚ South Korea has emerged from a low-income‚ low education region to a thriving nation of scholarly professionals. High levels of education‚ a substantial domestic economy‚ and excellent profitability are elements that make South Korea an attractive site as a foreign direct investment. South Korea is recognized
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Economics 247 Assignment 1 Version A This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely. 1. a. 3/3Define opportunity cost‚ and explain its importance in economics. (3 marks) -The opportunity cost of something is what you must give up of one thing‚ in order to get it. Opportunity cost is a key concept of
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International Financial Management Theory Questions 1) Compare and Contrast the theories of interest rate parity‚ purchasing power parity and international fisher effect. Interest Rate Parity(IRP)- Suggests a relationship between the interest rate differential of two countries and the forward premium/discount. Purchasing Power Parity(PPP)- Suggests a relationship between the inflation rate differential of two countries and the percentage change in the spot rate overtime. International Fisher
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One Polity‚ Many Countries: Economic Growth in India‚ 1873-2000 Gregory Clark‚ University of California‚ Davis Susan Wolcott‚ University of Mississippi We argue‚ based on Indian experience‚ that the major determinants of economic growth are not political and economic institutions. Through the laissez faire Colonial regime‚ and the interventionist economy of Independent India income per capita declined relative to advanced economies until the 1980s. And though economic growth has been impressive since
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