to the overall distrust between the two superpowers‚ their conflict of ideologies‚ and the fear that that was created because of these‚ the period of conflict and tension between the United States and the Soviet Union known as the Cold War became inevitable. One of the main reasons for the Cold War was because of the distrust between the U.S. and USSR. This distrust was mainly formed from relations between the two nations during and after World War II. There were many events
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Econ 1023 (FR05B) Assignment One Due January 23‚ 2013 1. Classify each of the following items as included or not included in GDP. Give an explanation for those that you judge as not included. State when applicable‚ the expenditure category in which each good is included. a. The purchase of copy paper by PepsiCo‚ which is used by the company staff. Answer: This case is not included in GDP‚ because it is an intermediate goods. b. The purchase of an electronic handheld organizer
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The Inevitable Downfall of Macau Hendrick de Leewuw described Macau as home to “all the riffraff of the world‚ the drunken shipmasters; the flotsam of the sea‚ the derelicts‚ and more shameless‚ beautiful‚ savage women than any port in the world. It is a hell” (Osnos). While this quote from Leewus’ book Cities of Sin dates back to the 1930’s‚ this quote represents the lifestyle that has made Macau the global attraction it is today. Macau’s history as a Portuguese colony has allowed it to retain
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Developing Recession with Rising Unemployment The economy as we know it today is developing a recession with rising unemployment. The US economy has experienced a decrease in real output for one quarter and leading indicators point to continued contraction in the current quarter. The unemployment rate last month was 5.8% and is expected to rise above 6% in the current quarter. With strict discipline‚ we can utilize fiscal or monetary policy tools in order to bring this nation back to an equilibrium
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When chain of questions reaches 1812‚ one must ask whether the Balkan War inevitable or not? The answer to this question is: yes‚ the war in the Balkans was inevitable. The idea of nationalism and human’s inherent lust for power. that sparked the first Balkan war in 1812 had already taken root in the rest of the European nations of the time as well. The Balkan War can
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A. Normative Minimum wage in my opinion does not create unemployment among young and unskilled workers. Most unskilled workers enter in the workforce earning minimum wage. Young people are eager to start working in most markets. They usually understand that they have to start out at a low rate of pay or minimum wage. B. Positive Usually when a product decreases in price more people want to have it. Take for example cell phones. When they initially hit the market they were basically
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focus in this essay lies with youth unemployment in South Africa. South Africa defines youth as people between the ages of 15 and 34 years old while the International Labour Organisation (ILO) defines youth in a more restricted manner as people between the ages of 15 and 24 years. Using South Africa’s definition‚ in December 2010‚ about 3 million young people were unemployed and 1.3 were discouraged. This translates to about 72 per cent of the overall unemployment. On the other hand when using the
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Introduction Attaining a full employment level‚ where only a natural level of unemployment exists‚ is one important macroeconomic objective and they key to this attaining this objective is job creation. This report is a cross sectional econometric analysis of how different factors lead to the creation of jobs in countries with differing Gross National Income per capita. When speaking of job creation‚ one can expect that the impact and the significant importance of a factor‚ such as growth rate of
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The treaty of Versailles made the World War II inevitable there is no doubt about it. It is one of the most significant event that changed the world we live in today. And have far-reaching consequences it was largely responsible for the major events which occurred in the rest of the century including the rise of Hitler and Nazi party World War II and much of the Cold War which occurred afterwards. The treaty was the result of the First World War this was unlike any other because it involved most
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optimistic. Those school leavers in the age of 15-24 entering the labor market have little competitiveness compared graduate job applicants‚ especially when the supply of graduate workers are so abundant in the market (Chung Kim-wah 2009). The unemployment rate of them keeps rising and reached 19.5% in 2008 (Youth Study Series 2009). Those unemployed receive no salary while they need money for daily expenses‚ creating potential financial burden on them. Facing competition among themselves‚ the young
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