------------------------------------------------- Is Water Resources the only solution for the development of Nepal? “Nepal is the second richest country in water resources in the whole world.” We grew up hearing this statement since our childhood. Is this statement valid? Are we really that rich in water resources at all? Our present situation points in the other direction though. The government is making plans and policies with water resources‚ especially hydro-electricity‚ in mind for the ‘accelerated
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Question 1 A. Identify each of the following as either a positive or a normative economic statement: a. The high temperature today was 37 degrees. b. It was too hot today. c. Other things being equal‚ higher interest rates reduce the total amount of borrowing. d. Interest rates are too high. B. In order to attract Muro John to the position of CEO of GMO Tz Seed Company Inc. Muro is given the following package (a) a signing bonus of $200‚000. (b) In addition to his salary Muro will be paid
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ervous conditions themesThemes The Pervasiveness of Gender Inequality Tambu was born a girl and thus faces a fundamental disadvantage‚ since traditional African social practice dictates that the oldest male child is deemed the future head of the family. All of the family’s resources are poured into developing his abilities and preparing him to lead and provide for his clan. When Nhamo dies‚ the tragedy is all the more profound since no boy exists to take his place. Tambu steps into the role of
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MICROECONOMICS CHAPTER 1 INTRODUCTION TO ECONOMICS ____________________________________________________________________________________________ 1.0 INTRODUCTION – THE SUBJECT MATTER OF ECONOMICS Economics comes from the verb ‘to economise’‚ and this means making ends meet. This is a study of how society makes decisions‚ regarding the allocation of scarce resources. Economics as a subject is divided into two parts; Economics‚ social science concerned with the production‚ distribution
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The five year plans improved the economic conditions of the Soviet Union. By having the five year plans industrialize the USSR‚ there are more opportunities to find employment. After the first five year plan (1928-1932)‚ the national income of the Soviet Union increased 85% compared to the national income of 1928 (Stalin). During the duration of the first and second five year plan‚ the amount of workers in different industries increased significantly. For example‚ the number of Soviet workers employed
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References: 1. Sexton‚ Robert; Fortura‚ Peter (2005). Exploring Economics. "This is the sum of the demand for all final goods and services in the economy. It can also be seen as the quantity of real GDP demanded at different price levels." 2. ^ O ’Sullivan‚ Arthur; Steven M. Sheffrin (2003). Upper Saddle River‚ New Jersey 07458: Pearson Prentice Hall. pp. 307. 3. Australian Bureau of Statistics‚ Concepts‚ Sources and Methods‚ Chap. 4‚ "Economic concepts and the national accounts"‚ "Production"‚ "The production
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Questions on Working Conditions 1. Why did the factory system develop? The development of the factory system came predominantly as a result of the advancements involving technology‚ specifically machinery and its abilities and efficiencies. As a result of these developments‚ a huge shift in the way that Britain’s workforce functioned was able to take place. Fundamentally‚ this meant that as these machines were now being placed in buildings solely built for manufacturing and production of a mass
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19th Century Theories 1. Continental thought in the early 19th Century was shaped by a philosophy that rejected material things in favor of a search for inner truth. This philosophy was (a) Cartesian rationalism. (b) classical economics. (c) Marxian economics. (d) social rationalism. (e) dialectical materialism. 2. A school of thought influenced by Auguste Comte’s determinism‚ and which contended that Ricardians “confined the observations on which they based their reasoning to the small
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Economics for business TABLE OF CONTENTS Question 1 ................................................................................................................................ 3 Overview of the Mauritian Economy ........................................................................................ 3 Economic Indicators ............................................................................................................ 4 GDP .............................................
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or exit out of the market. 3. Firms produce homogeneous‚ identical‚ units of output that are not branded. 4. Each unit of input‚ such as units of labour‚ are also homogeneous. 5. No single firm can influence the market price‚ or market conditions. The single firm is said to be a price taker‚ taking its price from the whole industry. 6. There are a very large numbers of firms in the market. 7. There is no need for government regulation‚ except to make markets more competitive.
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