Assignment 1: Comparative Advantage Eco 305 – International Economics David Ricardo introduced the law of comparative advantage. This theory proposed that even if one nation is less efficient than the other nation in the production of both commodities; there is still a basis for mutually beneficial trade. This is as long as the absolute disadvantage that the first nation has with respect to the second is not in the same proportion in both commodities
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Every now and then i see one or the other organisation opposing the metro. No doubt they entitled to their views‚ but do they ever see the benefits any metro brings to cities‚(especillay the crowded ones like bangalore‚ mumbai etc) Let me quote a few points from PIB regarding the delhi metro‚ i am sure such benefits will accrue to bangalore also once the metro is complete „« Fuel cost saving: The annual saving on account of reduced fuel consumption will be Rs.180.89 crore in 2009‚ more than double
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Advantages and disadvantages of Factory There are advantages and disadvantages of having a factory near or within the urbanize city. The important thing is you have to weigh the advantages and disadvantages of having such factory in the city or a place where there are lot of people live. Having a factory near the place is good for the people around because it generates job for the people. Aside from that they don ’t need to commute and spend a sum of money for the transportation. Indeed a lot
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BIOLOGY 101 COURSE SYLLABUS FOR FALL 2012 Course Description Biology 101 is the first of a two-semester introductory course sequence designed primarily for science majors. It covers some central concepts in biology. Topics include molecules‚ cells‚ enzymes‚ photosynthesis‚ cellular respiration‚ cellular reproduction‚ genetics‚ and biotechnology. The laboratory includes basic laboratory skills such as safety‚ microscope use‚ and measurement‚ and it reinforces topics discussed in lecture
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The advantages of the constitution monarchy - Continuity: elected governments come and go‚ but the king or queen remains. This continuity makes for stable regime. - Political neutrality: there are benefits from keeping the head of state out of party politics- the crown is above the temporary squabble of the political parties. - Experience: a monarch who’s reigned for more than a few years can have a valuable perspective and deeper knowledge of affairs than a politician who’s only been in power
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Adolf Hitler‚ in my opinion‚ wouldn’t have risen to power if not for Germany’s unfortunate situation at the time (1919-1923). He was‚ as some people say‚ a "fiery speaker"‚ but his speeches clearly reflected certain madness in him. Hitler’s rise to power was influenced mostly by Germany’s Economic crash‚ the stain on their reputation and of course‚ his aggressive‚ yet convincing speeches and various deeds he used to gain popularitry. Hitler and his National Socialist workers Party had a plan of
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greatest inventions in 20 th century. The Internet is like a network of networks where any computer can link up to information stored within it. I strongly believe that internet is an integral part of the development of society. There are many advantages to using the internet. First of all‚ Internet is a great mean of communication. Distance is no longer a matter of concern when we can send mails within a few seconds or make cheap internet phone call. We can also update ourselves with the latest
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The most famous one is facebook that is increasing so much account members‚ it will reach 1 billion members. Many people out there who spend most of their time on facebook. There are many advantages of using facebook that it’s good for keep in touch and convenient at business ways. The first advantage of facebook is that it’s good for keep in touch. Facebook is free and it’s one of medium for communication. Using facebook can connect to and type pf people from anywhere in the world. Moreover
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The Advantages of ERP As companies grow and departmentalize their operations‚ it is increasingly important to ensure that the separation of function does not inhibit efficiency by erecting communication barriers. Smaller companies may be able to find tools to prevent this problem from occurring. Others‚ especially larger companies that operate complicated supply chains with thousands of suppliers and customers find creating effective links between departments more difficult. One way companies
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What is WTO? The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on 1 January 1995 under the Marrakech Agreement‚ replacing the General Agreement on Tariffs and Trade (GATT)‚ which commenced in 1948. The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements‚ and a dispute resolution process aimed at
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