What are the differences between absolute advantage and comparative advantage? Absolute advantage and comparative advantage are two basic concepts to international trade and perhaps two most important concepts in international trade theory. Under absolute advantage‚ one country can produce more output per unit of productive input than another. With comparative advantage‚ if one country has an absolute (dis)advantage in every type of output‚ the other might benefit from specializing in and exporting
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Computers and culture | Computers and their role in human life have changed drastically since the 1950s. If 60 years ago computers did not play an important role in society‚ these day computers play a significant role in our lives. Initially‚ computers were big and awkward machines that were used just for keeping information and calculations. Throughout the last 50 years computers have become much smaller and much more sophisticated. If first computers were so large that they
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Careers In Computer Engineering Careers In Computer Engineering While financial analysts‚ government officials‚ and employment specialists frequently disagree on conditions existing in the American economy today‚ everyone concurs with the idea that a college graduates possessing a degree in the field of computer engineering is in the enviable position of being able to pick and choose among job offers with several major computer companies and other Fortune 500 employers. Over the last five
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Communication Technology Communication is the imparting or exchanging of information by speaking‚ writing‚ or using some other medium. The communications revolution is based on three technologies Telephone Televisions Computer. The history and development of communication technology is one of the ever increasing speed and efficiency of communication over ever greater distance and ever decreasing costs. Telephone: Telephone / Mobile Phone is a system for transmitting voices over a distance
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Introduction to Computers What is a computer? An electronic device for storing and processing data‚ typically in binary form‚ according to instructions given to it in a variable program.. Many people believe that knowing how to use a computer‚ is one of the basic skills needed to succeed in the workplace. In order to use the computer it is necessary to understand how the computer works. Hardware | Computer hardware is made up of the equipment used to make up you computer unit. These parts
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Selected objective question on Introduction to Computers with answer :Set 4 1. How many input lines are needed to construct 1024 bit coincident core plane? (a) 8 (b) 16 (c) 32 (d) 64 (e) None of the above. ANS: d 2. A digital computer is based on the principle of (a) measurement 1 / 23 Selected objective question on Introduction to Computers with answer :Set 4 (b) logic (c) multiplication (d) counting ANS: d 3. How many types of storage loops exist
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22/10/2007 11:28 Page 320 CASE EXAMPLE Lenovo computers: East meets West In May 2005‚ the world’s thirteenth largest personal computer company‚ Lenovo‚ took over the world’s third largest personal computer business‚ IBM’s PC division. Lenovo‚ at that time based wholly in China‚ was paying $1.75bn (A1.4bn‚ £1bn) to control a business that operated all over the world and had effectively invented the personal computer industry back in 1981. Michael Dell‚ the creator of the world’s
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Computer Technology Computer Technology Technology has helped us in every phase of life since the beginning of time. From the invention of the simple calculator to the Internet‚ technology has been a great factor on the way our civilization has grown. With more and more technological advances just around the corner‚ our civilization will continue to grow faster and faster than ever before. After the invention of the computer this world did many inventions in a short time with the help of technology
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What is the difference between competitive advantage and comparative advantage? Answer: An advantage that a firm has over its competitors‚ that differentiates the Product or services offered by the firm and allows the firm to reduce it’s Cost or generate Higher Revenue or Margin is known as Competitive Advantage. A competitive advantage is something that a consumer views in a product or service as having higher value than the other competitors of the firm in the industry. It is an expertise that
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Computer Programming Programming a computer is almost as easy as using one and does not require you to be a math genius. People who are good at solving story problems make good programmers‚ and others say that artistic or musical talent is a sign of potential programmer. Various computer languages are described‚ and tips on choosing the right language and learning how to use it are provided. Learning how to program is actually easier than many people think. Learning to program takes about the
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