Timings :1 hour TEST Max.Marks 58 Choose the most appropriate answer from the given options in respect of the following : 1)”Economics is the study of mankind in the ordinary business of life” was given by : a) Adam Smith b)Lord Robbins c)Alfred Marshall d)Samuelson 2)A capitalist economy uses as the principal means of allocating resources a)Demand b)Supply c)Efficiency d)Price 3)The commodity whose demand is associated
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How Far Did an Economic Boom Take Place in the USA during the 1920’s? During the 1920’s America’s economy grew greatly; with an increased demand for American goods and rapid industrial growth. Although it seemed like the majority experienced and benefited from this boom‚ there were also people however‚ who didn’t experience and gain an advantage. It was mostly the rich and middle classes that did benefit from the economic boom. In particular‚ the industries of car manufacturing and advertising
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In the Odyssey‚ Odysseus changed so much from the man we was before he left and the time he had arrived home. Though it was ten years the story seemed to sum up the book well getting the key details on how Odysseus made his journey and the problems he had to encounter. He left from his home with a team of crewman. He had to face many challenges like the Lotus Eaters‚ The Cyclops‚ Poseidon and the Suitors. During his encounter with the Lotus Eaters he had sent two men out to investigate the island
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On June 17‚ 1972‚ the U.S. had one of the biggest lies in the history of the White House. President Richard Nixon did some scandalous things to the other party to ensure his reelection. This was known as the Watergate Scandal. President Nixon and his committee took an aggressive approach to their campaign. During his final months before the reelection was to take place‚ he felt threatened by the opposing democratic party. Richard Nixon and his committee came up with a scheme to cheat their way to
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The question of ¨Was America Stolen?¨ seems to be a common debate between many people‚ and in the past 100 years opinions have dramatically shifted. Before the 1960s the common viewpoint of how America was acquired was that the United States westernized and overruled the savage Indians (Flavin)‚ but these views certainly change over time. The first inhabitants of America were believed to be migrants from Asia about 12‚000 years ago. These Asian migrants spread across the Americas building all kinds
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The English sonnet underwent changes in the 16th century. The most significant change would be how sonnets are now structured. The Italian Petrarchan sonnet was first introduced as two parts: 8 lines with the scheme of abbaabba and then six lines with the scheme of cdcdcd. This can be seen in Petrarch‚ Rima 140. However‚ William Shakeseare change how sonnets would be written. He came up with the Shakespearean sonnet with is fourteen‚ ten syllable lines with a certain rhyme scheme (abab cdcd
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Ancient Rome was undoubtably one of the biggest empires the world has ever seen. Although Rome did fall‚ its remnants can still be seen today. The Roman Coulessum‚ the aqueducts‚ and much more. But what If I told you that not all of their legacy remained on the physical? To further understand let us look at how Rome was governed. Though Rome was best known as an empire‚ and a republic‚ it actually started out with a king. This was when the Senate was first introduced. The Roman Senate was a group
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Third Quarter Project: Ming Voyages Research Paper The voyages of the Ming dynasty have gone down in history as one of the single largest naval expeditions ever assembled. Throughout history‚ and even today‚ effects of the voyages have had an impact on the world. Whether it be revolutionary technology‚ or a never before seen level of determination‚ the Ming’s voyages would alter the course of history forever and begin to supplant the importance of naval dominance. Over a period of 28 years‚ Ming
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Financial Management Financial Planning and Forecasting Key Chapter Concepts 1. Firms need to conduct two types of planning —strategic planning‚ and a subset‚ operational planning. a. Strategic planning is long range in nature and deals with the overall direction of the firm. b. Operational planning serves as a blueprint detailing where the firm wants to be at some future point in time and what resources are needed to get there. 2. Financial forecasting involves the estimation of the
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and foremost‚ both of these terms mentioned are sub-categories of economics itself. As the names of ‘micro’ and ‘macro’ imply‚ microeconomics facilitates decisions of smaller business sectors‚ and macroeconomics focuses on entire economies and industries. These two economies are mutually dependent‚ and together‚ they develop the strategy for the overall growth of an organization. They are the two most important fields in economics‚ and are necessary for the rise in the economy. Microeconomics focuses
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