What is the theory of comparative advantage? What is the theory of comparative advantage? International trade began at long time ago and it influences our life and economic. The reason why people have motivation to trade to others countries are because: the theory of comparative advantage‚ the imperfect markets theory and the product cycle theory. The idea of comparative advantage has been first mentioned in Adam Smith’s and then it was studies deep and detail by David Ricardo. In his opinion‚
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Since the advent of the financial crisis in 2008‚ some of the world’s largest Central Banks‚ namely the US Federal Reserve (Fed)‚ the Bank of England (BOE)‚ the Bank of Japan (BOJ)‚ and the European Central Bank (ECB)‚ among others‚ have embarked on monetary easing or quantitative easing. This is an unorthodox way of pumping money into the economy and aiming to lower the long-term interest rates in order to combat a recession. Since interest rates in industrial countries had declined to near zero
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Abstract As organizations face a tough economic environment‚ with declines in sales‚ the business model needs to adapt itself to changing economic realities. In such a scenario the conventional wisdom of mining existing installed base takes precedence over new customer acquisition. We developed a Customer Repurchase Probability model to help predict & target customers with a high likelihood of repurchase in the next n units of time. Our Rapid Repeat Purchase Scoring framework provide a scalable and efficient
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once wrote in his novel Animal Farm that “All animals are equal‚ but some animals are more equal than others”. Initially I struggled to grasp the true meaning of Orwell’s quotation. It was not until I viewed that quote again‚ with a more worldly perspective did I realize another interpretation: the animals were not representative of animals but rather of human beings. What did Orwell mean when he said that some animals were more equal than others? John Locke argued in his Essay Concerning Human Understanding
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Qualitative Analysis Qualitative is where the results give a colour that you have to match up to a colour chart‚ or have you have done to see if it is positive or negative with a description of what a positive reaction should look like. This test is less reliable as some colour or positive reaction look similar to each other or the same but by adding different chemicals. An example of qualitative would be a pH test as the result gives you a colour and then you have to match it up to the pH scale
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Observations What are observations? Finding out what children can do & recording it Evidence of child behaviour & development Factual descriptions of child’s actions & language Observations help us to plan ‘next steps’ for children Why do we observe? To inform our planning To review the effectiveness of areas of provision & use of resources To identify learning opportunities and plan relevant & motivating experiences To reflect on our own practise To protect children To develop
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DMT0064 INTRODUCTION TO QUANTITATIVE TECHNIQUES Exercise 1 1. What is the difference between qualitative data and quantitative data? 2. What is the difference between discrete data and continuous data? 3. If an experiment results in data are continuous in nature‚ must the data be quantitative‚ or can they be qualitative? 4. Determine whether the given values are from a discrete or continuous data set. a. In the Chapter Problem‚ it was noted that when 50 letters were sent as part
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What are the uses and limitations of qualitative research methods for the social scientific study of crime and its control? One definition of crime is “behaviour that breaks the criminal law.” Crime is constantly changing because of our ever changing society; things that were not considered a crime become so. Though most people would argue that a criminal is someone who breaks the law; many people will break the law at some point in their lives and not be regarded as a criminal. The police are constantly
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The scientific method requires observations of nature to formulate and test hypotheses.[1] It consists of these steps:[2][3] Asking a question about a natural phenomenon Making observations of the phenomenon Hypothesizing an explanation for the phenomenon Predicting a logical consequence of the hypothesis Testing the hypothesis by an experiment‚ an observational study‚ or a field study Creating a conclusion with data gathered in the experiment‚ or forming a revised/new hypothesis and repeating
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Advantages of a Agriculture society over a Hunter-gathering society In the prehistoric time‚ where mankind was just developing and we still looked like walking monkeys‚ people lived in small societies. But today I am writing about the Agriculture and Hunter-gathering societies‚ these two are different in many ways for insistence one hunts and the other grows crops and one is more likely to move and follow the herd of animals and is more settled. As I was saying in the first paragraph
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