ECONOMICS conimists- 16th and 17th centuries. hysiocrats (farmers) ercantalists (traders) Father of Economics/ Father of the classical school of economic thought- Adam Smith (In 1776‚ he wrote ’An enquiry into the nature and causes of the Wealth of Nations’) According to Smith‚ self interest was an invisible hand which would work for the common benefit of the community. The Great Depression of 1929 was a phase in which supply exceeded demand. John Maynard Keynes (a British economist)
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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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SPSS HW#7 Question #1 Model Summaryb | Model | R | R Square | Adjusted R Square | Std. Error of the Estimate | Dimension0 | 1 | .351a | .123 | -.169 | 3.9429207 | a. Predictors: (Constant)‚ x | b. Dependent Variable: y | ANOVAb | Model | Sum of Squares | df | Mean Square | F | Sig. | 1 | Regression | 6.560 | 1 | 6.560 | .422 | .562a | | Residual | 46.640 | 3 | 15.547 | | | | Total | 53.200 | 4 | | | | a. Predictors: (Constant)‚ x | b. Dependent Variable: y | Coefficientsa
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Lab 7: Geologic Time 9 Answer Sheet Name(s) 1. As an example of how radioactive decay works‚ the TA may lead a small demonstration. Each student will receive one penny and stand up. At this point all of the students are parent isotopes. Every student should then flip their penny. Students whose penny lands heads-up should sit down. These students who are now seated are now daughter isotopes. The remaining standing students should again flip their penny‚ and students whose penny lands heads-up
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specific filename. Answer Selected Answer: False Correct Answer: False • Question 6 5 out of 5 points While in mailx you can invoke the vi editor. Answer Selected Answer: True Correct Answer: True • Question 7 5 out of 5 points The HOME standard variable is set to the root directory pathname. Answer Selected Answer: False Correct Answer: False • Question 8 5 out of 5 points The paste command is used to Answer Selected
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DEPENDENCY THEORY: - Economic development theorists over the last few centuries have developed models for explaining the “undeveloped-ness” of countries in the third world countries. From Durkheim to the International Monetary Fund (IMF)‚ we have‚ time after time‚ come to witness the rise and fall of development theories and their explanations for the predicament that many poor countries face. Dependency theory has (more so than others) lasted a great deal of time in the framework of the international
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both inflation and unemployment in general as stated in previous studies and some economic theories that deal with these problems and their impact on GDP . According to jordan economy profile in mundi index‚ Jordan’s economy is among the smallest in the Middle East‚ with insufficient supplies of water‚ oil‚ and other natural resources‚ underlying the government’s heavy reliance on foreign assistance. Other economic challenges for the government include chronic high rates of poverty‚ unemployment
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John Hicks "An economy consists of nothing else but an enormous cooperation of workers or manufacturer to make things and do things which clients want." The Vital Functions of an Economy:- Production‚ consumption and growth are vital factors of economics. Economies might differ in the organization but all perform these three functions which are discussed below. 1. Productions:- The First vital process of an economy is manufacture which must go on incessantly. "Production comprises any action‚ and
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Investment within a country can be seen as a vital component in terms of promoting economic prosperity. This essay is going to outline the importance of investment in terms of current and future economic activity by examining the effect of investment on growth and employment. The importance of the ability of the South African government to differentiate between private and public investment will be addressed by the use of a graph illustrating the investment rates of the private and public sectors
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aluminium is 1x108 Pa. What is the maximum tension that is possible in a wire of this material with a cross sectional area of 2.5 x 10-7 m2. What assumption is made here? Problem 6: On a graph‚ sketch an approximate stress-strain curve for mild steel‚ which has a Young’s Modulus of 210 MPa‚ a Yield Strength of 220 MPa and an Ultimate Tensile Strength of 430 MPa. Problem 7: A table which has three aluminium alloy legs carries an evenly distributed mass of 225 kg. Each leg is a circular tube of length 90cm
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