Assignment 1: Comparative Advantage Eco 305 – International Economics David Ricardo introduced the law of comparative advantage. This theory proposed that even if one nation is less efficient than the other nation in the production of both commodities; there is still a basis for mutually beneficial trade. This is as long as the absolute disadvantage that the first nation has with respect to the second is not in the same proportion in both commodities
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Every now and then i see one or the other organisation opposing the metro. No doubt they entitled to their views‚ but do they ever see the benefits any metro brings to cities‚(especillay the crowded ones like bangalore‚ mumbai etc) Let me quote a few points from PIB regarding the delhi metro‚ i am sure such benefits will accrue to bangalore also once the metro is complete „« Fuel cost saving: The annual saving on account of reduced fuel consumption will be Rs.180.89 crore in 2009‚ more than double
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The advantages of the constitution monarchy - Continuity: elected governments come and go‚ but the king or queen remains. This continuity makes for stable regime. - Political neutrality: there are benefits from keeping the head of state out of party politics- the crown is above the temporary squabble of the political parties. - Experience: a monarch who’s reigned for more than a few years can have a valuable perspective and deeper knowledge of affairs than a politician who’s only been in power
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Adolf Hitler‚ in my opinion‚ wouldn’t have risen to power if not for Germany’s unfortunate situation at the time (1919-1923). He was‚ as some people say‚ a "fiery speaker"‚ but his speeches clearly reflected certain madness in him. Hitler’s rise to power was influenced mostly by Germany’s Economic crash‚ the stain on their reputation and of course‚ his aggressive‚ yet convincing speeches and various deeds he used to gain popularitry. Hitler and his National Socialist workers Party had a plan of
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Jacopo Tintoretto – the “Last Supper” The European renaissance era started its early manifestations in Italy reflecting on different topics such as architecture‚ dance‚ literature‚ music‚ philosophy‚ science‚ technology‚ warfare and fine arts. One of the renaissance era artists‚ Jacopo Tintoretto depicted the “Last Supper” several times during his artistic career when a work of his final years 1592-94 presents a drastically unconventional compositional formula. What makes of Tintoretto’s “Last
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greatest inventions in 20 th century. The Internet is like a network of networks where any computer can link up to information stored within it. I strongly believe that internet is an integral part of the development of society. There are many advantages to using the internet. First of all‚ Internet is a great mean of communication. Distance is no longer a matter of concern when we can send mails within a few seconds or make cheap internet phone call. We can also update ourselves with the latest
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The most famous one is facebook that is increasing so much account members‚ it will reach 1 billion members. Many people out there who spend most of their time on facebook. There are many advantages of using facebook that it’s good for keep in touch and convenient at business ways. The first advantage of facebook is that it’s good for keep in touch. Facebook is free and it’s one of medium for communication. Using facebook can connect to and type pf people from anywhere in the world. Moreover
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What is WTO? The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on 1 January 1995 under the Marrakech Agreement‚ replacing the General Agreement on Tariffs and Trade (GATT)‚ which commenced in 1948. The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements‚ and a dispute resolution process aimed at
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Mammogram interpretation is performed by radiologists by visual examination of the films for the presence of abnormalities that can be interpreted as cancerous changes. The shortage of radiologists and the large volume of mammograms to be analysed make such readings labour intensive‚ cost ineffective‚ and often inaccurate. The sensitivity of the human eye in interpreting large numbers of images decreases with increasing number of cases‚ particularly when only a small number of those images shows
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Hanoof AlMusaiteer 428201654 Dr. Haifa AlFaisal ENG. 461 4 April 2013 New Historicism Analysis Approach Hotel California by the American rock band‚ the Eagles was and still a hit song since it was first released back in 1977. This song won the 1977 Grammy Award for record of the year and has become perhaps the band’s quintessential song. Hotel California was written by three of the band members Glenn Frey who was born in the 6th of November 1948 in a middle class family who cared to shape
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