decades‚ the United States led the world in total automobile production. In 1929 before the Great Depression‚ the world had 32‚028‚500 automobiles in use‚ and the U.S. automobile industry produced over 90% of them. At that time the U.S. had one car per 4 persons. After WWII the U.S. produced about 75 percent of world’s auto production. In 1980 the U.S. was overtaken by Japan and became world’s leader again in 1994. In 2006‚ Japan narrowly passed the U.S. in production and held this rank
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Cars are one of the most dependable inventions ever created. Cars have become one of the quickest mid-distance or long-distance travel ways and for every three people in the U.S‚ one will have a car. Cars have changed the we travel. They have allowed faster and and safer travel that allows the car to be more highly rated as a way of transportation. Cars have also developed many new features as well and people need to learn how these changes came to be. Cars have impacted society at an extreme over
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PRICE DISCRIMINATION : A pricing strategy that charges customers different prices for the same product or service. In pure price discrimination‚ the seller will charge each customer the maximum price that he or she is willing to pay. In more common forms of price discrimination‚ the seller places customers in groups based on certain attributes and charges each group a different price. Price discrimination involves market segmentation. A firm price discriminates when it charges different prices
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The Factors Impact the Number of Private Car Ownership of China Demi Huang 1. Problem Introduction and Research Significance From 1990s‚ sales volume of vehicles in China increase swiftly. Number of private car ownership also increase rapidly from 1995. Car market is making a great contribution to domestic economy in China. According to the statistic data (1995-2010) make a time serious sample. Analysis the impact of domestic average wage‚ residents’ deposits‚ money supply‚ Engel
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shows the price of aluminium over the past six years. It can be seen from Figure 1 that the price of aluminium has fluctuated a great deal during this period. For example: between July 2008 and February 2009 the price fell by 57%; in August 2009 alone the price rose by 16%. In an essay of 1500 words or fewer‚ use economic analysis to explain changes in the price of aluminium over the period shown in Figure 1 and why the price fluctuations have been so great. Figure 1: The monthly LME spot price for aluminium
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The price elasticity of demand is the percentage change in price divided by the percentage change in quantity demanded. F 2. Demand is said to be inelastic when a reduction in price results in a decrease in total revenue. T / F 3. When the price of coffee increases 8%‚ quantity demanded decreases 5%. The elasticity of coffee must be inelastic. (PERCENTAGE OF PRICE IS GREATER THAN THE PERCENTAGE OF QUANTITY BY 1/1/2) T 4. The more substitutes there are for the product the more price elastic
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death. Abortion is murder. A child has a right to live; it should not be killed because his/her mother doesn’t want them. Sickening that murdering babies is even legal these days! There have been many abortionists that were charged with murder. How anyone could support Planned Parenthood or stick up for abortion is far beyond my comprehension. Abortion is definitely a murder with all those evidence above. Killing a foetus is a
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Abortion: Murder or Necessity Abortion is defined as the termination of pregnancy by the removal or expulsion from the uterus of a fetus or embryo before it is viable. An abortion can occur spontaneously‚ in which case it is usually called a miscarriage‚ or it can be purposely induced. Abortion‚ when induced in accordance with the local law‚ is among the safest procedures in medicine. However‚ unsafe abortions (those performed by persons without proper training or outside of a medical environment)
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all the major macroeconomic variables‚ the effects of sudden and sharp changes in the price volatility and exchange rate volatility on agricultural trade and investment have increasingly become of particular interest for both researchers and policy makers as it provides a door way for serious macroeconomic stability issues. Uncertainty in the commodity export trade has also been linked with exchange rate and price fluctuations. Exchange rate volatility is unsystematic movement of domestic currency
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Discussion Questions 1. Suppose the price of coffee beans increases by $0.20 per pound. What is the effect of this raw material price increase on the demand for roasted coffee? If one pound produces 50 cups of coffee‚ would the price of a cup of coffee rising by $0.01? Explain. Price of the product comes from the production of the goods all the way till it hits the market shelf. So when the price of the product like coffee increases during the productivity of the product then the end cost could increase
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