people in the United States. This is in consideration of the unpaid labor their ancestors performed over centuries. The article says that Robert L. Allen favors reparations for African Americans. But The Economist is opposed to reparations. But in my personal opinion I would have to agree with The Economist. The reason I agree is because even though my ancestors may have been enslaved. It would take too much time and effort to find the descendants of former enslaved people‚ time that we don’t have now
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factors or qualitative forecasting factors. These resources provide Economists with the data which supports the main theoretic objective and/or the arguing statement. Also the data gathered can inhabit the ability to analyze the historic data pattern to predict the future or unforeseen data pattern. The Resources The Emory University (2009) website‚ there are numerous of valuable resources which are utilized by the Economists‚ currently can be found by any source such as reading materials‚ on
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knowledge and culture. Globalisation has more or less influence on every country in the world. There are a lot of disputes about whether there is a more positive or more negative influence of globalization on the developing countries. According to The Economist (2001‚ 10)‚ people who live in developing countries “are even more likely than their rich-country counterparts to benefit‚ because they have less to lose and more to gain”. However‚ this question is complex and in this essay it will be argued in
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THE CLASSICAL ECONOMIST VIEW OF SUPPLY CREATES ITS OWN DEMAND IN THE NIGERIAN ECONOMY. The classical economists accepted Say’s Law of Markets‚ the doctrine of the French economist Jean Baptiste Say. Say’s law holds that the danger of general unemployment or “glut” in a competitive economy is negligible because supply tends to create its own matching demand up to the limit of human labour and the natural resources available for production. Each enlargement of output adds to
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tend to repeat at fairly regular time intervals. Most observers find that their lengths (from peak to peak‚ or from trough to trough) vary‚ so that cycles are not mechanical in their regularity. Since no two cycles are alike in their details‚ some economists dispute the existence of cycles and use the word "fluctuations" instead. Others see enough similarities between cycles that the cycle is a valid basis of studying the state of the economy. A key question is whether or not there are similar mechanisms
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The 2007 e-readiness rankings Raising the bar A white paper from the Economist Intelligence Unit Written in co-operation with The IBM Institute for Business Value The 2007 e-readiness rankings Raising the bar About the 2007 e-readiness rankings he Economist Intelligence Unit has published an annual e-readiness ranking of the world’s largest economies since 2000. The ranking model evaluates the technological‚ economic‚ political and social assets of 69 countries—including this year’s
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rise. Many economists fear that wage increases will push prices up‚ and that this inflation should be stopped. The way inflation is typically dealt with is to raise interest rates to reduce investment‚ slow down the growth of the economy‚ and so hold down that nasty inflation. If that reduces employment‚ the conventional thought goes‚ that’s the price of reducing inflation‚ as inflation is worse in the long run. Economists have a name
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Economics Group X Submitted by : Jameela Sogue Mark Anthony Ventura Girlie Cinense Joanna Mishia Matias Submitted to : Mrs. Rommel G. Rivera Macroeconomics Issues; Inflation and unemployment Macroeconomics Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance‚ structure‚ behavior‚ and decision-making of an economy as a whole‚ rather than individual markets. This includes national‚ regional‚ and global
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theory of taxation set out by the classical economists. The paper looks at the committee’s assessment of the classical economists’ theory of taxation‚ the proposed changes to the South African income tax system and the implications of this proposed reform on the position of the employer‚ employee and the retirement fund itself. It is necessary to first give an overview of the South African retirement fund tax system based on the classical economists’ theory of taxation before stating the Commission’s
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important to keep in mind that the cost of something is what you give up to get it. 6 COSTS AS OPPORTUNITY COSTS • Remember that the opportunity cost of an item refers to all those things that must be forgone to acquire that item. • When economists speak of a firm’s cost of production‚ they include all the opportunity costs of making its output of goods and service. • A firm’s opportunity costs of production are sometimes obvious and sometime less so. 7 • When Helen pays $1‚000 for flour
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