04. Using extract D‚ identify two significant points of comparison between the data shown in the two bar charts (5 marks) Agriculture is the biggest sector of employment for migrant workers at 92% whereas it is the smallest for UK employment at 10%. Manufacturing is the lowest in terms of employment for migrant workers at 12% and is the second largest with 10% of UK employment. Distribution‚ hotels and restaurants is the represents the highest amount of UK employment in industrial sectors
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Section 1 The European Commission has taken legal action against the UK due to the excessive levels of nitrogen dioxide (NO2) in the air and for breaching its obligation to reduce these levels by 2010. Of the 43 zones in the UK‚ 40 exceed the standard set by the European Air Pollution Directive in 1999 to take effect in 2010. The Directive states if the deadline has not been met‚ an extension can be granted upon the approval of submitted air quality plans. Air quality plans have been submitted
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minimum wage above the market equilibrium wage is likely to cause unemployment. Which of the following best describes the two statements above? A Statement 1 is normative and statement 2 is positive. B Both statements are normative. C Statement 1 is positive and statement 2 is normative. D Both statements are positive. (a) Answer (1) (b) Explanation (3) . . . . . . . . . . . . . . . .
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explains to us the difference between the negative and positive rights of a person and how negative rights and duties are more stringent than positive rights and duties. I shall be looking at this theory and explaining how it applies to certain cases. Before we can discuss these rights and how they apply to these situations‚ though‚ we must know what they truly mean. Foot says that rights can be split into two kinds‚ negative and positive. Negative rights are described as our rights not to be
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University of British Columbia Econ 451 Assignment 1 Instructor: Alfred Kong Due date: 29th September 2011 The assignment is due at the beginning of the class. Late assignment will not be accepted. You may work in a group of up to 5 people. Question 1 A new health minister proposes to distribute an apple a day for free to every citizen. To be effective the legislation states that the free apples may not be traded or sold. Explain why this “no trade” policy would be inefficient.
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First let’s define externality: Definition of ’Externality’ A consequence of an economic activity that is experienced by unrelated third parties. An externality can be either positive or negative. (Ref: www.investopedia.com) As an example of the above definition: Pollution from a factory can affect the health of nearby residents – negative The same factory can provide jobs to nearby residents – positive Negative externality is two part: production and consumption. I will be using both
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PERFECT COMPETION Competition in the market can be either perfect or imperfect. The classical economists assumed the existence of perfect competition‚ and all their analysis is based on this assumption. It has been pointed out that the real world is full of imperfect competition. Perfect competition or Competitive market is a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker. Competitive market is characterized with: 1. There are large
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Although the term “market failure” seems to suggest some sort of catastrophic collapse such as the recent recession‚ it actually entails any occasion wherein some net social cost is incurred including such everyday inefficiencies as harmful externalities or the price mechanism departing from a state of equilibrium (Goldsmith 23-25). The unpredictable and complex nature of the market has left economists and politicians with a plethora of issues‚ generating incredible contention over how to mend
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health and safety at work‚ security‚ fair pay. * Suppliers – pay on time‚ pay fair rates for the work done‚ provide element of security. * Local Community – provide employment‚ safe working environment‚ minimise pollution and negative externalities – provide external benefits. * Government – abide by the law‚ pay taxes‚ and abide by regulations. * Management – their aims versus those of the organisation as a whole. * Environment – limit pollution‚ congestion‚ environmental
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Maladaptive resource management in prior and present societies The situation with the Vikings on Greenland gives a good example of this. Trading walrus ivory with Europeans was an important part of the Economy. The iron was important for the Vikings in fighting against the Inuit people. The Europeans essentially started to trade for elephant ivory instead. There were good growing conditions in some western parts of Greenland in the summers and they lived off animal products‚ i.e. pastoralists. During
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