1) Discuss the differences between a market-based economy and a command economy. Include in your description of each type of economy an indication of: Who determines production? What is the role of the government? What furthers or advances each type of economy? (2 Points) While in a market economy‚ there are producers and consumers in the market and freedom of choice. In the command economy‚ there is ruling Communist Party bureaucracy and it’s the only choice. In a market economy‚ prices move freely
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Holistic/Direct Observation/Witness Statement Professional Discussion/Oral Questioning Record Training Adviser Name: Annie Edwards Learner Name: Laura Tolan Witness Name and relationship to learner: Setting: Date: 07/01/15 Unit Outcomes & Evidence Outcome 2.4 Make recommendations to support referral processes The commission for social care inspection in their national minimum standards publishes standards for each different setting within healthcare and managers and staff should be aware
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6.1a) A monopoly is facing the demand and marginal cost curves which is P = 12 - 0.002Q and MC = 3 + 0.001Q. When the demand curve is P = a- bQ‚ the marginal revenue curve will be MR = a- 2bQ ‚ therefore‚ MR = 12 - 0.004Q.(Refer to figure1) Figure 1 To maximize the profits‚ the company should produce at the output level where marginal revenue is equal to marginal cost. If the marginal revenue is higher than marginal cost‚ the firm can increase profit by producing more. If
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THE SACRAMENT OF HOLY ORDERS WHAT IS HOLY ORDERS? Holy Orders is the sacrament through which the mission entrusted by Christ to his apostles continues to be exercised in the Church until the end of time: thus it is the sacrament of apostolic ministry. It includes three degrees: episcopate(Bishops‚ presbyterate(Priest)‚ and diaconate(Deacons). It is one of the Sacraments of Vocation --- re directed towards the salvation of others; if they contribute as well to personal salvation‚ it is through
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BIRTH ORDER AND AGGRESSIVE BEHAVIOR ABSTRACT The purpose of this research is to determine if birth order correlates to a demonstration of aggressiveness in kindergarten aged children. It is hypothesized that middle born children will demonstrate the most aggressive tendencies‚ last born children would experience less than the first born‚ and only children would have the least when compared to all other birth orders. This quasi-experimental methodology will involve a field study of children from
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locations. Mr. Burns felt that to increase revenue in the mall locations‚ Greetings would need to attract new customers and sell more goods repeat customers. In order to do this‚ the company would need to add a new product line. However ‚ to keep costs down‚ the product line should be one that would not require much additional store space. In order to improve earnings‚ rather than just increase revenues‚ Greetings would have to carefully manage the costs of this new product line. After careful consideration
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There are many stereotypes associated with birth order. We often hear how the oldest child is bossy‚ the middle child is rebellious‚ the youngest child is spoiled‚ or the only child does not know how to share. However‚ in one way or another these stereotypes hold some truth. Growing up with a father who is a marriage and family therapist‚ I have always had an understating of my own personality‚ and that of my family members. As the eldest child‚ there has always been a set of expectation that innately
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The Old Order Amish Living a simple life is not just a phrase to the Old Order Amish community‚ simple is the way of life. The Old Order Amish live with a mental model of religion which is involved in every aspect of their lives‚ from their Material Conditions of no electricity and advanced technology in their simple lives to their Social Relations which are based on religious beliefs and orally transmitted rules. Religion is the most essential aspect that sets and influences the Amish life and
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cans of soda). Job-order costing is used in situations where the organization offers many different products or services‚ such as in furniture manufacturing‚ hospitals‚ and legal firms. Process costing is used where units of product are homogeneous‚ such as in flour milling or cement production. The purpose of a job order cost accounting system is to assign and accumulate costs for each job‚ i.e.‚ an order‚ a contract‚ a unit of production‚ or a batch. Job order costing should be used
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‘world order’ Term originated in 1990’s after cold war‚ which refers to states working collectively on world problems which are beyond individual nations to solve. World order issues are that relating to promoting peace and resolving conflicts between states. Describe the need for world order‚ its benefits and the threats to it A result of globalisation is the high level on interdependence between nation states‚ which need to cooperate to ensure economic‚ political and social order. For example
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