Locard’s principle‚ the basic principle of forensic science‚ was formulated by Dr. Edmond Locard. Dr. Edmond Locard believes and states “Every contact leaves a trace”‚ meaning whatever is touched‚ left behind or approached will serve as factual evidence against a person and only can that evidence be failed is by the lack of human effort by failing to study and understand it. The Locard’s exchange principle believes no matter what a criminal does or where a criminal goes‚ simply by coming in contact
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The Cost of Something Mankiw’s Ten Principles of Economics Opportunity cost is the value of the next best alternative in a decision. Imagine that you have $150 to see a concert. You can either see "Hot Stuff" or you can see "Good Times Band." Assume that you value Hot Stuff’s concert at $225 and Good Times’ concert at $150. Both concerts cost $150 per ticket‚ but it would take you a couple of hours to drive to Hot Stuff’s concert and you have to be in school (the next) morning for an exam. Good
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Question 1 : Inflation is a global Phenomenon which is associated with high price causes decline in the value for money. It exists when the amount of money in the country is in excess of the physical volume of goods and services. Explain the reasons for this monetary phenomenon. Define Inflation Ans :- Inflation is the percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively measures the change in the prices of a basket of goods and services in
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University of Phoenix Principles of Microeconomics ECO/365 Professor James Harris III Aug 7‚ 2008 Article Analysis The article that will be used for this analysis is “Supply‚ demand‚ and the Internet-economic lessons for microeconomic principles courses” by Fred Englander and Ronald L. Moy. There will be definitions for the following economics‚ microeconomics‚ Law of supply and the Law of demand. Another subject that will be discussed is the identification of factors that lead to the changes
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History of economic thought History of economic thought The history of economic thought deals with different thinkers and theories in the subject that became political economy and economics from the ancient world to the present day. It encompasses many disparate schools of economic thought. Greek writers such as the philosopher Aristotle examined ideas about the art of wealth acquisition and questioned whether property is best left in private or public hands. In medieval times‚ scholars
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C. Economic Theory and Models Economic models are a formal representation of economic theory. Economic models follow the principle of Ockham’s Razor which state that irrelevant detail should be cut away. Like a road map‚ economic models are simplified generalization of reality that helps explain economic behavior. Models can be expressed in words‚ graphs or mathematical equations. In this course‚ we’ll be using mathematical equations to illustrate relationships between two or more
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The Microsoft Case Jill Weida DeVry University ECON312ON: Principles of Economics Summer B 2011 The Microsoft Case Investigation into Microsoft began in 1991 by the Federal Trade Commission under suspicion that the company broke anti-trust laws and engaged in coercive activities prohibiting competitors from entering or participating equally in the market. “The plaintiffs alleged that Microsoft abused monopoly power and monopoly market structure on Intel-based personal computers
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Economic ideas of Kautilya (Arthashastra) Introduction: Kautilya’s Arthashastra is the chief source of information. Kautilya’s name was Vishnu Gupta. He was a learned Brahmin. He is known by the name of Kautilya because he was an expert in diplomacy and political strategy. He was the chief minister of Chandra Gupta Maurya. He was responsible for getting Chandra Gupta the kingdom of Nand‚ after destroying its king. Kautilya has given vivid description of the administrative procedures‚ of the duties
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Economic Forecasting Paper Rebecca Sloop University Of Phoenix Principles of Macroeconomics ECO/372 Alexander Heil PhD November 23‚ 2012 Economic Forecasting Paper Two historical economic data where information can be found are Bureau of Economic Analysis‚ U.S. Department of Commerce and FRED‚ Economic Time-Series Database. The FRED database comprises the national economic and financial statistics as well as interest rates‚ consumer price indexes‚ employment and population and trade data
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‘Nature of Islamic Economics’ ‘’Islamic economy identifies and promotes an economic order that conforms to Islamic scripture and traditions". Economic problems started with the birth of men and become more complicated with the development in the wants of men as the men is surrounded by wants. According to western scholars economics is the study of wants and scarcity and the reaction towards the ends and wants of the people. Adam Smith is regarded as the Father of economics due to his famous book
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