outward‚ instead of inward only‚ to seek the welfare of the country.” 2. What is a shogunate? What is a daimyo? a daimyo is a samurai‚ and a shogunate is a Japanese government leader. 3. What cultural difference(s) hindered relations between Japan and the United States? 4. Why was Hawaii (http://www.smplanet.com/imperialism/hawaii.html) important in US expansionism?
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Perfect competition A perfectly competitive market is a hypothetical market where competition is at its greatest possible level. Neo-classical economists argued that perfect competition would produce the best possible outcomes for consumers‚ and society. Ex:- Wheat‚ rice Key characteristics Perfectly competitive markets exhibit the following characteristics: 1. There is perfect knowledge‚ with no information failure or time lags. Knowledge is freely available to all participants‚ which means
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patients to be safe. The definition given by a legal dictionary (Hill & Hill; 1981-2005) was that: “standard of care is the watchfulness‚ attention‚ caution and prudence that a reasonable person in the circumstances would exercise. If a person ’s actions do not meet this standard of care‚ then his/her acts fail to meet the duty of care which all people (supposedly) have toward others. Failure to meet the standard is negligence‚ and any damages resulting therefrom may be claimed in a lawsuit by
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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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Contents 1. CHAPTER ONE 2 1.1 INTRODUCTION 2 1.1.1 Background 2 2. CHAPTER TWO 5 2.1 LITERATURE REVIEW 5 2.1.1 Definition of key concepts 5 2.1.2 Gender inequality indicators for education 6 2.1.3 Overview of Gender‚ education and economic development 7 2.1.4 Factors affecting gender equality in education. 8 2.1.5 Gender Equality in Education the Ethiopian Contexts 10 3. CHAPTER THREE 12 3.1 ANALYSIS AND FINDINGS 12 3.1.1 Trend of Gender equality in primary education 12 3.1.1.1 Primary
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Projection is of two types – forward and backward. It is a forward projection of data variables‚ which is named forecasting. By contrast‚ the backward projection of data may be named ‘back casting’‚ a tool used by the new economic historians. For practical managers concerned with futurology‚ what is relevant is forecasting‚ the forward projection of data‚ which supports the production of an event. Thus
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the (3) Income Spent column. This will allow you to solve for consumer equilibrium.] Price (per unit): S1O.0O MU (cr)/s SARAH’STOTAL INEOME P-rjeE@_Ss.00 AVlttLAEl.E: $50 lncome Spent a ru (cr) MU (cr) 0 0 0 10 260 5 L 50 50 8 248 10 2 90 40 6 225 20 L22 32 4 183 24 4 150 2a 2 L23 4a 5 L76 26 0 0 0 TU (CL+S) a ru (s) MU (s) MU (s)/s (A) Which combination of clothing and shoes maximizes Sarah’s utility? How did you arrive at this answer? ln other words
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UNIVERSITY | “MAKING DECISIONS BASED ON DEMAND AND FORECASTING” | DOMINOS PIZZA | | Althea Layne | [Pick the date] | Professor DR. Elkanah Faux ECO 550 Managerial Economics & Globalization October 27th. 2012 Domino’s pizza is considering entering the market-place in your community
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resources financially ‚ we as consumers are now faced with the choice of what to purchase and how much to purchase so that we may satisfy our appetite whilst still remaining well within our allocated budget. This scenario is basically the concept of economics’ placed into practice in one’s everyday life. To the average consumer purchasing products or goods that are relatively close to the product’s expiration date may seem risky‚ hazardous‚ life threatening to one’s health or to the more skeptical individual
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MC equals MR‚ the profit is maximized. From the above table‚ when output level is 140 minutes‚ marginal revenue equals marginal cost ($10000=$10000)‚ so the profit-maximizing level of output is 140 minutes. (d) When the industry exists positive economic profit‚ it will attract new firms to enter into the industry. However‚ no more licenses will be offered by government‚ so no any new firm entering the industry. (e)(i) Collusion is a formal or tacit agreement to limit competition by setting output
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