ECONOMIC SCENE The Opportunity Cost of Economics Education By ROBERT H. FRANK Published: September 1‚ 2005 SHORTLY after I began teaching‚ more than 30 years ago‚ three friends in different cities independently sent me the same New Yorker cartoon depicting a woman introducing a man to a friend at a party. "Mary‚ I’d like you to meet Marty Thorndecker‚" she began. "He’s an economist‚ but he’s really very nice." Forum: The Economy Cartoons are data. That people find them amusing usually
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WHAT IS DEMOCRACY? WHAT ARE THE BARRIERS TO THE DEMOCRATISATION OF COUNTRIES IN SUB SAHARAN AFRICA. As a prologue this paper poses two fundamental and pertinent questions: Is there any form of democracy in Africa? Are there model democracies in the industrialized countries today that can be used as standard measures? These‚ indeed‚ are very pertinent questions to Africans. They are especially important as they come at a time when there is a dramatic shift towards a new international order that
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21FIRESTONE EAST AFRICA (1969) LIMITED (NOW SAMEER AFRICA LIMITED): SURVIVAL AFTER LIBERALISATION. SUMMARY Firestone East Africa (1969) Limited was incorporated as a joint venture between the government of Kenya and Firestone Tyre and Rubber Company of U.S.A in Kenya in 1969. The government of Kenya held shares through Industrial Commercial and Development Company (I.C.D.C) with 30% and Development Finance Company of Kenya (D.F.C.K) with 10% equity. Firestone Tyre and Rubber Company held the
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Land Resources in India envelop approximately 1.3 million sq miles and is a cape protruding into the Indian Ocean in between the Bay of Bengal on the east and Arabian Sea on the west. In spite of sufficient accessibility of landed topography‚ population pressure in the country is excessive and that makes space for both food production and the real estate market. However‚ land resources in India are both essential and at shortage in present days. Land resources in India are considered as non-renewable
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EQUAL OPPORTUNITY EMPLOYMENT Definition: Equal Employment Opportunity guaranties employees a fair treatment. This means that employers cannot discriminate against employees on the basis of age‚ race‚ sex‚ creed‚ religion‚ color‚ or national origin. Equal Opportunity applies to employment practices such as hiring‚ upgrading‚ demotion‚ transfer‚ recruitment‚ advertising‚ layoff‚ termination‚ rates of pay or other forms of compensation‚ selection for training‚ job assignments‚ accessibility‚ working
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Strengths Wal-Mart Stores‚ Inc.‚ branded as Walmart‚ is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. The company is the world’s third largest public corporation‚ the biggest private employer in the world with 2.2 million employees and is the largest retailer in the world. Walmart is also one of the world’s most valuable companies. First of all‚ Walmart has good reputation for convenience and their low price strategy
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Events such as the Korean War‚ the Berlin Blockade‚ the Rosenberg Trials‚ and McCarthy´s all increased the Red Scare‚ therefore limiting American Opportunity through fear. The first event to increase the Red Scare‚ and limit American Opportunity was the Korean War. The Korean War started June 25th 1950‚ when north Korean soldiers invaded the south Korean territory‚ it was a civil war in Korea‚ that had started because the nation could not decide whether to be a communist country or not. dividing
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Land as a Factor of Production: Meaning and Definition: The term land in economics is used in a special sense. It does not mean soil or earth surface alone. Land in economics means natural resources. It includes all those things which are found under and over the surface of earth. In the words of Marshall: "The land means the material and the forces which nature gives freely to man’s aid in land and water‚ in air and light and heat". Characteristics/Features: The
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historical analysis‚ anthropological‚ psychological and sociological and personal perspectives. The start of trafficking in South Africa can be traced back to the 1400s when the European slave trading in Africa began. Portuguese transferred African people to Portugal for slavery purposes and later in 1562‚ the British were also affiliated with the slave trade in Africa. Shortly‚ in 1600s‚ other countries such as Spain‚ France‚ Sweden and Denmark also took part in the European slave trade (Yong‚ 2011)
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observations. As William Cronon writes in Changes in the Land‚ “the shift from Indian to European dominance in New England entailed important changes…in the ways these peoples organized their lives‚ but also involved fundamental reorganizations…in the region’s plant and animal communities.” This exemplifies that new people in the area have made an impact‚ both positive and negative‚ on the land. In other words‚ people change the land‚ but also the land changes the people. This theory is proven time and
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