AP – Unit 2 – Test Bank These are a lot of review questions on material from last year. Refresh your brains. 1) The primary goal of the American Revolution was to A) establish a new political system B) create a new economic order C) institutionalize new social values based on equality D) restore rights the colonists felt were already theirs as British subjects 6) Right after the Revolutionary War‚ a dramatic change swept through the new country: A) a dramatic increase in democracy
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Major Functions Of RBI Introduction The RBI was established by passing "trasfer of public ownership Act" in Sep-1948 under which the ownership of the bank was passed into the hands of the Government of India with effect from 1st january 1949. Fuctions: The fuctions are classified into three heads‚viz.‚ A) Traditional functions B) Promotional functions and C) Supervisory functions. lets see the detailed accont in these heads.‚ A) Traditional functions 1.Monopoly of currency notes issue
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Role and Functions of Law Nancy Plaisir LAW/421 May 7‚ 2014 Ken Marc Role and Functions of Law The functions and role of law in business and society is used on a regular basis in the workplace but not that many people seem to really think about those things these days. These functions will be something I will elaborate on in this paper and show the connection it has to business and society using some of my own experiences along with using my textbook as a reference. The purpose of law in addition
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Following Reconstruction‚ the U.S. federal and state governments became increasingly involved in the economy through measures that promoted industrial and agricultural development. With Republican support‚ tariffs were enacted to protect American industry from foreign manufacturing competition. This gave U.S. manufacturing industries an economic edge and allowed them to charge higher prices. The Republicans also pursued an economic agenda that included paying down the national debt (which can strengthen
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The function of money The main functions of money are distinguished among the terms of: a medium of exchange‚ a unit of store value and standard of deferred payments. Money as a Measure of value In money‚ economy values of all commodities are expressed in the terms of money. Money is the means by which we a measure the disparate things which make up the economy. This functions of money makes transactions. Money as a store of value In order to be a medium of exchange‚ money must hold its
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Describe why "Australia is becoming a service based economy with increased reliance on the service sector to sustain economic growth across the next 5-10 years". Discuss this assertion including a review of the contribution that the service sector has made to the Australia economy across the past 10 years‚ and present your view on the contribution it will make across the next 5-10 years‚ with rationale. Introduction Life without services is unimaginable. Today everything we need or do is a service
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The Link and Countries Involved Australia’s international aid program aims to help reduce poverty and promote economic independence in developing countries. Australia offers two types of aid‚ bilateral and multilateral aid. Bilateral aid is given directly to the government of the developing country by Australia’s government and is used for health‚ education and training programs‚ technology and technical support‚ community based projects such as building hospitals and schools‚ and emergency support
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density. There are towns scattered closer inland and further into the centre of Aust14ralia‚ there are scarcely situated remote towns with small numbers of inhabitants. The demographics of Australia’s population are a result of environmental‚ economic‚ cultural‚ and political factors. However it appears the history involved are the most influential in governing these factors. Apart from the aborigines‚ it was through British settlement which initialized the demography of Australia. After
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expanding the company into the Australian market | Introduction As chief Strategic Analyst for Kenyan based business‚ Nakumatt‚ we have been given he task to look beyond our home market as Nakumatt Supermarkets prepares to expand beyond the national market overseas into Australia. This report points out key details necessary for decision making on the ventures feasibility. Australia is known for financial stability amongst it’s population even through the global economic crisis and the mostly
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THE CONSUMPTION FUNCTION To make the income-expenditure model more realistic‚ we will need to introduce other components of demand‚ including the government and the foreign sector. But first we need to recognize that consumers planned expenditures will depend on their level of income. • Consumer Spending and Income The consumption function describes the relationship between desired spending by consumers and the level of income. When consumers have more income‚ they will want to purchase more
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