Discuss the rationale behind the WS and PS curves (12 marks) Keynesian macroeconomics assumes that markets are imperfect and this as the result of lack of competition. The implication of imperfect market is that agents are no longer price takers as in perfect markets‚ but become price setters. In product markets the firms are price setters considering the elasticity of demand which is partly dependant on competition. In the labour market‚ workers are the wage setters. Through collective bargaining
Premium Supply and demand Unemployment Employment
3. What is the limitation of diplomacy using technology? Give examples! Despite all the helpful features of the technology‚ especially the information and communication technology‚ on diplomacy‚ there are also numbers of the limitation of the technology that are in some way become the double-edge sword for the diplomacy itself. There are three main limitation of the technology itself for the practice of diplomacy which are the pervasive surveillance‚ cyberwar‚ and loss of privacy. In addition to
Premium Diplomacy Diplomacy International relations
Sport Policy and Development- Summative 1 Discuss the relationship between sport and crime reduction and critically assess the benefits/limitations that sport presents in achieving positive results. In this piece of literature there will be an in depth discussion of the complicated relationship between sport and crime. There will be a lot of focus on the debate of whether sport plays a positive role in crime reduction in society‚ and in what ways sport can be used as a method to lower crime in
Premium Crime Criminology Sociology
Discuss theories of moral development Piaget researched into the moral development of children and found that until about 5 years old children are amoral. They cannot make moral judgements or understand rules. However‚ most children under 5 years old know when they are doing something wrong; therefore it could be argued that they aren’t amoral. To understand rules children use equal-status contact with peers to understand others perspectives and begin to develop morally. Piaget used pairs of vignettes
Premium Morality
What is Westminster system? The Westminster system is a democratic parliamentary system of government created after the politics of the United Kingdom. In this system‚ there is a head of state‚ which is also known as the Yang di-Pertuan Agong in Malaysia who holds the executive power legally. There is also a head of government‚ known as the prime minister which is appointed by Yang di-Pertuan Agong in this system. A prime minister is the eldest minister of cabinet in the executive branch of government
Premium Separation of powers Parliamentary system Malaysia
Discuss the role of Malaysian AOB (Audit Oversight Board) When was the AOB set up? The Audit Oversight Board ("AOB") is established under Part IIIA of the Securities Commission Act 1993 ("SCA") which came into force on 1 April 2010 to promote and develop an effective audit oversight framework and to promote confidence in the quality and reliability of audited financial statements in Malaysia. The chronology of events of establishing AOB in Malaysia is as follow: September to October
Premium Audit Auditing Financial audit
Discuss the role of language in relation to the construction of social reality. The focus of your essay may be on ONE only of the following topics; the banking crisis‚ war‚ human sexuality‚ patriarchy‚ psychological language. Talk about The power and role language has and its relationship to social reality and also link to patriarchy. Not to use in essay. Just to get a better understanding.If so paraphrase. E.g. Chomsky (1982) argued that….. or Research has reliably demonstrated that complex
Premium Sociology Social constructionism Reality
Are Leaders Born or Made? Discuss. SDM 201222101028 Ghana Christian University College Lecturer: Rev. Isaac Agyapong Date: 8th August 2013 Word Count: 1‚300 Table of Content Pg. Introduction 3 What is Leadership? 4 Who is a Leader? 4 Characteristics of a Great Leader 4 A Born Leader 5 A Made Leader 6 Evaluation 6 Conclusion 7 Reference 8 Introduction The question‚ ’Who ought to
Premium Leadership Management
"Discuss the importance of the role that the Chorus plays in Euripedes’ Medea." <br> <br>The Chorus is very much an important part of Euripedes’ Medea‚ and indeed many other works written in the ancient Greek style. In this play‚ it follows the journey Medea makes‚ and not only narrates‚ but commentates on what is happening. Euripedes uses the Chorus as a literary device to raise certain issues‚ and to influence where the sympathies of the audience lie. <br> <br>In the list of characters at the
Premium Tragedy Euripides Medea
Discuss ‘the Chinese room’ argument. In 1980‚ John Searle began a widespread dispute with his paper‚ ‘Minds‚ Brains‚ and Programmes’ (Searle‚ 1980). The paper referred to a thought experiment which argued against the possibility that computers can ever have artificial intelligence (AI); in essence a condemnation that machines will ever be able to think. Searle’s argument was based on two key claims. That; “brains cause minds and syntax doesn’t suffice for semantics” (Searle‚ 1980‚ p.417)
Premium Artificial intelligence Chinese room Philosophy of mind