Space is the final frontier for all human here on Earth. It has introduced unimaginable worlds that are unknown and undiscovered. It has shown the world that these so called “Impossible missions” become reality in front of our eyes. No one has ever believed in humanity that one day we will have the ability to send objects deep into space. Voyager 1 which is about 18‚000‚000‚000 km away from the earth‚ making it the furthest man made object in space. This great accomplishment could not have been possible
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Is Australia considered a lucky country? This question is asked by people all around the world‚ from countries such as America all the way to Russia. Australia is home to many; people from all countries on earth decide to come to this beautiful country‚ my family included. Most young people living in Australia don’t consider it a lucky country‚ however if they have been to countries such as Syria‚ Egypt or even local neighbours such as Thailand they would understand how lucky they really are. Australia’s
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Mixed economy -Both the state and private sector direct the economy -All of the economies are mixed economy since no economy is running pure planned economy or market economy -Market price decided by both market and states (i) Allocation Function: Government has to provide for public goods. Public goods such as national defense‚ government administration and so on are different from private goods. These goods cannot be provided through market mechanism but are essential for consumers and
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Throughout history‚ Thomas Becket has been regarded as Chancellor‚ Archbishop of Canterbury‚ Martyr‚ and Saint. He was a friend of Henry II‚ and when Henry II became King‚ he appointed Thomas Becket as his chancellor in 1154. Eight years later‚ as Becket and Henry II’s relationship grew stronger‚ Henry II wanted to gain greater control over the English Church so he appointed his chancellor Becket to the position of Archbishop of Canterbury as well. Although Becket was reluctant at first‚ he accepted
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well-developed social market economy‚ and a high standard of living. Until the 1980s‚ many of Austria ’s largest industry firms were nationalised; in recent years‚ however‚ privatisation has reduced state holdings to a level comparable to other European economies. Labour movements are particularly strong in Austria and have large influence on labour politics. Next to a highly developed industry‚ international tourism is the most important part of the national economy. Germany has historically been
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National Economy Professor Heinowitz 1.) Explain why increasing opportunity cost is not caused by increasing inefficiency. 2.) Explain why the following statement is incorrect: “Income and output are two entirely different things.” 3.) Explain how Keynes’ economic principles and Supply-side economics are related. 4.) How do externalities determine the extent of the involvement of government in the national economy? 5.) Support or refute the following statement: “Since business investment
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its Gross Domestic Product for the period of 2000-2007 averaging 4.2% compared to the 1.9% of the Euro zone. In addition‚ the economy experienced a reduction in unemployment by 2.9 percent‚ which hit a low of 8.3% in the year 2007. The growth in the economy is a significant increases in house commerce coupled with a negative contribution from the external sector. The economy adopted an expansionary monetary policy which had positive impacts on the domestic demand. However‚ in 2000-2007 while the skyrocketing
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scarce resources to those activities that officials deem to be the most important and rationing it to those areas deemed less vital. Following the priorities set in a budget is a key element in determining the direction of the organization and its future success or failure‚ which is why it should be based on a formal plan‚ such as a strategic plan‚ that the institution is supposed to be following. Yet with all these problems and criticisms ‚ research in organisations seems to suggest that this
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To what extent did the Russian economy change between 1881 and 1914? The Russian economy went through great overall change and growth during this period‚ acting as a late industrial revolution in comparison to nations such as Britain the USA or Belgium‚ yet the main backbone of the Russian economy‚ agriculture‚ was minimally affected by the changes in the economy. In the industrial field‚ Russia had progressed massively in this time by World War One. Closer to 1881 Russia had a miniscule industry
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political economy‚ branch of social science that studies the relationships between individuals and society and between markets and the state‚ using a diverse set of tools and methods drawn largely from economics‚ political science‚ and sociology. The term political economy is derived from the Greek polis‚ meaning “city” or “state‚” and oikonomos‚ meaning “one who manages a household or estate.” Political economy thus can be understood as the study of how a country—the public’s household—is managed
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