Economics Answers Define the following terms: 1) Public goods are goods that when produced can be freely consumed by anyone‚ for example the justice system. They are made up of the following goods‚ non-exclusive and non-rival. Non-exclusive goods are goods that people cannot be excluded from consuming‚ it is difficult or impossible to charge for its use which implies no private market as benefits cannot be denied to those who refuse to pay‚ for example public TV. Non-rival goods or
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10 40.71 60 160 9600 -10 6000 15 37.5 50 180 9000 -30 6400 20 35.56 (b) The market structure of television broadcasting industry is oligopoly. As the television broadcasting industry requires license given by government‚ so it has barriers to enter the industry. Also‚ there is only three television broadcasting companies in the market‚ the industry just exists a few sellers. Moreover‚ to the commercial companies‚ advertising services from different broadcasting company are differentiated
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Boston Beer Company (Samuel Adams) SWOT Analysis Samuel Adams has long been one of America’s most popular beer companies. The Boston Beer company prides itself on great tasting beer for the consumer‚ and profitable growth for the company. Although Samuel Adams beer is a popular beer in New England‚ it only holds just over 1% of the market share of the beer industry. Overwhelmed by popular brews such as Bud‚ Coors and Corona‚ Samuel Adams struggles to gain market share. Even with their low market
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The reporter stated Shakara is a transfer student and has been in the current school district three months. According to the reporter‚ Shakara comes to school smelling like urine and feces. The reporter stated the child’s odor is very obvious and she is bullied by other students while in class and on the bus because of her smell. The reporter stated Shakara is constantly sent to the office because her odor is disruptive to her teacher’s class. On 10/26/15‚ Shakara smelled like feces and had something
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Jane Eyre is written in the style of an autobiography and through the powerful first person narrative with very direct references to the ‘readers’‚ Charlotte Bronte explores the strict social structures and attitudes predominant in the Victorian era. In my opinion‚ the social hierarchy of that period is crucial in the novel as it helps to develop the plot because if Jane wasn’t poor and an orphan‚ she would never have been brought up in the traumatized and distressing way as she was. It is these
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Economics 247 Assignment 1 Version A This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely. 1. a. 3/3Define opportunity cost‚ and explain its importance in economics. (3 marks) -The opportunity cost of something is what you must give up of one thing‚ in order to get it. Opportunity cost is a key concept of
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Lexical Features Structure Features and Rhetorical Devices of English Newspaper Headlines 陈伟创 ( 030224101‚ Class 1‚ Grade 2003‚ SFS‚ SCNU ) Abstract: With the development of mass media‚ newspaper is one of the major media for us to get information all over the world. Nowadays English newspaper is very popular and read all over Chine. However‚ many people still have difficulty in understanding English newspaper headlines even for some English majors. This is because English newspaper headlines
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SS8H12e Evaluate the importance of new immigrant communities to the growth and economy of Georgia ----------------------- WHAT IS PROFIT? Profit is the amount of money earned after subtracting all of your expenses. The economic system of capitalism involves the production and consumption of goods and services. Making a profit is the ultimate incentive (or reason)
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Economics for business TABLE OF CONTENTS Question 1 ................................................................................................................................ 3 Overview of the Mauritian Economy ........................................................................................ 3 Economic Indicators ............................................................................................................ 4 GDP .............................................
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2. Why isn’t money consider a capital in economics? Capital is a physical asset‚ which can be used to produce goods and services. Money is related to capital‚ in that it can be used to purchase capital‚ but it is not itself capital. The distinction is important if you consider that money can be created or destroyed through the expansion or contraction of credit‚ but this does not create or destroy any real capital. Money is capital. Money is the most common form of capital. Raising capital money
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