ANSWER SCHEME ECO551/553 APRIL 2010 QUESTION 1 a) A barter trade system is a system whereby people exchange goods for other goods. ( with example) b) There are many problems facing the barter trade. Three of these problems are: i) Double coincidence of wants ii) Rate of exchange iii) Divisibility ( with explanation) (b) The four functions of money are as follows: i) Medium of exchange ii) Unit of account iii) Store of value iv) Standard for deferred payment
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democratic forms of government and political systems‚ this form of government has still many impending challenges yet to be accomplished. In that sense‚ I agree with Winston Churchill‚ on the grounds that “democracy is the worst form of government except all the others that have been tried” (Churchill). Looking at democracy through both its weaknesses and strengths in comparison to other forms of government makes it evident that it is the best form of political system we have‚ democracy has been subject
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The IDF: Economic‚ Political‚ and Cultural Sociological Effects It is necessary for all countries to have an army in order to defend it. Israel is no exception. However‚ the unique character of the Israeli army shapes the culture and personality of Israel and its people. The army has influenced every aspect of Israeli society‚ from its economy to politics to its culture. Before one can comprehend the affect of the army on Israel‚ a brief history is necessary. Israel ’s armed forces‚ known
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Functional Area Interrelationships BUS/475 Functional Area Interrelationships Baderman Island Resort is a self-contained‚ all-inclusive destination. The resort features a variety of restaurants‚ hotels‚ and unlimited activities to entertain and relax the guests. Team C intends to identify the functional areas of Baderman Island Resort and identify the reason for the organization existence through an analysis of the company’s mission‚ vision‚ values‚ and goals. In addition‚ Team C will analyze
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Has our Political System Succeeded? The political system began with the Declaration of Independence written by Thomas Jefferson on July 4‚ 1776. After that document the Articles of Confederation came out‚ which were adopted in 1777. The Articles of Confederation was the first attempt to set up a government in the US. Then our Constitution came out in 1787‚it was made into three plans: the Virginia Plan‚ New Jersey Plan‚ and then the Connecticut compromise. Four things our Constitution accomplished
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The bakuhan taisei (幕藩体制) was the feudal political system in the Edo period of Japan. Baku‚ or "tent‚" is an abbreviation of bakufu‚ meaning "military government" — that is‚ the shogunate. The han were the domains headed by daimyo. Vassals held inherited lands and provided military service and homage to their lords. The Bakuhan Taisei split feudal power between the shogunate in Edo and provincial domains throughout Japan. Provinces had a degree of sovereignty and were allowed an independent administration
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period of 800 and 323BCE‚ experienced two significant territories – Athens and Sparta. Sparta would become known as a significant warrior state. Athens would become known as the birthplace of democracy. This paper will detail the political differences and the political similarities of these two territories. This paper will address these differences and similarities using the following prescribed guidelines: 1-How did the people in Athens and Sparta obtain the right to participate in public life
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Identify the most important economic‚ political or social issue facing your country. Please explain its significance and offer at least one solution. (Please be sure the essay is well-written and organized with an introduction‚ supporting paragraphs and conclusion. If admitted‚ this essay may be sent to prospective internship sites as a writing sample.) Problems – Solution Intolerance- Education Ignorance - Education Sectarianism – Swift provision of justice‚ redefining discriminatory laws Regionalism
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life through political reforms over the years; as at first only the wealthy few participated in public life. During the archaic period (around 800-500 BCE) power was only in the hands of the established wealthy landowning aristocratic class. Henceforth‚ the majority of the population were marginalized by the wealthy landowning class. This marginalization created resentment among the non wealthy class; and the resentment lead to social unrest that ultimately lead to Athens democracy system where all
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INTERNATIONAL ECONOMICS The Economic relationship between Turkey and Spain Ana Borrero Istanbul University Faculty of Political Sciences Fall 2010/2011 INDEX Introduction Introduction to the Turkish Economy The Turkish Economy Introduction to the Spanish Economy The Spanish Economy From Growth to Crisis Coments about the Spanish Economy Introduction to the Relations between Turkey and Spain The Economic Relationship between Turkey and Spain BBVA in Turkey Turkey and European
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