restricted to iron or products made from it .Iron is easily prone to rusting making its surface rough. Chemically‚ rust is a hydrated ferric oxide Titanic‘s bow exhibiting microbial corrosion damage in the form of ‘rusticles’ Rusting an Electrochemical Mechanism ; Rusting may be explained by an electrochemical mechanism. In the presence of moist air containing dissolved oxygen or carbon dioxide‚ the commercial iron behave as if composed of small electrical cells. At anode of cell‚ iron passes into
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ECS2730 ASSIGNMENT Question one a) Different sources had varying figures in terms of acquiring the macroeconomic variables. b) The following graph show the GDP growth rate‚ GDP per capita growth rate and the inflation rate of Nigeria. From the graph it is not easy to see the changes (in terms of figures) in the variables therefore‚ the table below shows how the above variables have changed over time. Year Real GDP growth rate (annual %) GDP per capita growth (annual %) Inflation
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Introduction to Macroeconomics Macroeconomics is one of the main branches of economics. The best way to understand what macroeconomics is about is perhaps to contrast it with microeconomics‚ another main branch of economics. Microeconomics studies parts of the economy. Macroeconomics looks at the whole. In other words‚ macroeconomics tries to understand what happens in the economy in general‚ it takes an overview of the economy‚ whereas microeconomics explains what happens in different parts
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The Fundamentals of Macroeconomics Before being able to grasp what economics has to offer it is important to understand the terms and concepts that are frequently used in economic. This paper will consist of two parts‚ part one will explain six terms; gross domestic product (GDP)‚ real GDP‚ nominal GDP‚ unemployment rate‚ inflation rate‚ and finally interest rate. Part two will consist of describing how three economic activities‚ such as purchasing of groceries‚ massive layoff of employees‚ and
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generate those advancements. In particular‚ the progress and development of iron and eventually steel‚ steam power and it’s multitude of uses‚ and the railway systems has truly defined the technological advancements of recent centuries. Body: Prior to the 18th century‚ the methods in place for producing iron were relatively rudimentary and ultimately inefficient. Early 18th century European smelters used charcoal fired iron furnaces. The furnaces were also small and only yielded an “average output
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Fundamentals of Macroeconomics In this essay I will describe the fundamentals of GDP‚ unemployment rate‚ inflation rate‚ and interest rate. Also I will be explaining how some common occurrences such as buying groceries‚ massive layoffs‚ and a decrease in taxes affect the government‚ businesses‚ and even you. Lets start with GDP. What is GDP you ask? GDP stands for Gross Domestic Product and represents the total market value‚ in dollars‚ of goods and services. There are 4 main components that
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Q.1: what did Churchill mean in May 1945 by the term “Iron Curtain”? A.1: When Churchill stated “An Iron Curtain is being drawn upon their front.” He means that during 1945 when the war was over‚ he was talking about an imaginary line drawn between communism in the East and the democratic governments in the West. This was to prevent more fighting over the systems; Churchill knew that the Soviet Union were dangerous. Churchill wanted the allies to get to Berlin and take it before the Russians would
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Nucor Steel Case Analysis Questions 1. Do a five-forces (Porter) analysis of the competitive forces impacting the U.S. Steel industry. Does your analysis support Nucor’s current basic business model? The competitive forces impacting the U.S. Steel industry are that the buyers have the majority of the bargaining power‚ there are only a few suppliers‚ the internal rivalry is intense because of the price wars and lack of differentiated products‚ there aren’t any substitutes for steel‚ and there
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Anti-Dumping Agreement. China also requests consultations regarding Council Regulation (EC) No 91/2009 imposing definitive anti-dumping duties on imports of certain iron or steel fasteners originating in the People’s Republic of China. China considers that the imposition of definitive anti-dumping duties on imports of certain iron or steel fasteners originating in the People’s Republic of China is inconsistent with the European Communities’ obligations under: * Articles VI and X:3(a) of the GATT
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Report On “In Long run‚A Country’s Capacity To Produce Goods And Service Determines The Standard Of Livings Of It’s Citizen” Course: BUS 505 Macroeconomics Analysis Prepared for: Dr .K.M Zahidul Islam Asstt. Professor Course Instructor‚ Macroeconomics Analysis Submitted By : Nowazish Ahmed ID: 201202002 Roshedul islam ID: 201203052 Suman sarkar ID: 201202009 Khizir ahmed ID: 201202003 Institute Of Business Administration
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