Answer the following questions: Question One: Explain why each of the following two statements is False: (Assume that all variables are kept constant in all the 3 statements below) Statement (1):If the price of shoes decreases‚ then the demand on socks will decrease as well because the two goods are complement goods. This statement is false : because they are complement goods so is the price of (x) which is shoes decreases the quantity demand of (y) which is socks must increases. In
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3. Consider the market for minivans. For each of the events listed here‚ identify which of the determinants of demand or supply are affected‚ also indicate whether demand or supply increases or decreases. Then draw the diagram to show the effect on the past and quantity of minivans A. People decide to have more children. Answer: It is expected to have more children‚ and household spending will increase‚ demand will reduce household wagon. From the supply point of view‚ due to population increases
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MBA 4701 SHIPPING BUSINESS AND INTERNATIONAL TRADE ASSESMENT 2-2013 CONTROVERSY ON MARPOL ANNEX V AMMENDMENTS CONCERNING CARGO RESIDUE Submitted by: Vasanth Subramanien Student Number: M00460445 Word Count: 1470 words. TABLE OF CONTENTS SL NO CHAPTERS PAGE NO 1 IDENTIFICATION OF IMO POLICY & UNDERSTANDING THE CONTROVERSY 3 2 RATIONALE & SAFETY OBJECTIVES 7 3 WERE OBEJCTIVES BEHIND THE POLICY MET 9 4 RECONSTRUCTION OF THE
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Appendix and References 1. Consumer Price Indices 2. Income and Assets Test 3. http://www.hkdailynews.com.hk/news.php?id=277873 4. http://www.censtatd.gov.hk/hkstat/sub/so30.jsp 5. http://www.censtatd.gov.hk/hkstat/sub/so60.jsp 6. http://www.swd.gov.hk/en/index/site_pubsvc/page_socsecu/sub_comprehens/ 7. http://www.poverty.org.hk/povertydata?tid=26 8. http://www.hkcss.org.hk/policy/ gfijgioerjgeignjierogioehjdjngjdfngfkdg dfgdfgfdgfdgdfgfdgfdgdfgfdgfd
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Is it necessarily a good thing‚ in terms of the welfare of society as a whole‚ for the government to step in to break up a monopoly in order to create a competitive industry? A monopoly exists when one single firm is the only producer of a commodity in the market‚ allowing them to set prices as they wish and maximise profits due to the high barriers to entry. In this case‚ the firm is given the ability to exploit their consumers in terms of price discrimination based on price elasticity. In this
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BIO-202 Unit 4 Lab Report Purpose: What was the purpose of doing this exercise? Activity 1: Microscopic Anatomy of Lymphatic Structures Observations: Sketch of Reticular Connective Tissue Slide (Lymph Node). Describe the structures you observed on the slide Sketch of Spleen Slide: Describe the structures you observed on the slide Sketch of Tonsil Slide: Describe the structures you observed on the slide Sketch of Thymus Slide: Describe the structures you observed on the slide
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THE IMPORTANCE OF MICROECONOMICS 1. New Businesses o Entrepreneurs create businesses by purchasing and utilizing factors of production. In order to estimate the potential return on investment (ROI) of those factors of production‚ entrepreneurs must have a basic grasp of microeconomic concepts: supply‚ demand‚ cost‚ profit. Without such a grasp‚ it is impossible to know how much a particular good can be sold for in a particular area. Furthermore‚ without a grasp of costs and earnings
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Eco-labelling and Accreditation are effective means of ensuring that tourism organisations adhere to the principles of sustainability? Tourism industry is ‘a consumer of resources’ which ‘represents an insidious form of consumptive activity’ (McKercher 1993 cited in Fyall and Garrod 1997‚ p.51). Governments of different countries are now seeking for different ways to prevent further exhaustion of natural resources that was caused by tourism activities and developments. The Green Globe programme
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promotional activities for its clients‚ for the example of Leo Burnett. Leo Burnett is Malaysia’s leading international advertising agencies through about 95 offices in almost 85 countries‚ is owned by advertising conglomerate Publicis (leoburnett.com‚ 2013). It also helped create some of the top consumer brands such as Kellogg’s Frosted Flakes cereal and Tony the Tiger icon. The clients of Leo Burnett are Maybank‚ Petronas‚ Hotlink‚ Maxis‚ Taylors’ college‚ Marlboro and so on. They are all about that special
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Ch 202 Essay Two 5-4-13 Influential Artists Throughout the centuries there have been many influential artists that brought us new discoveries‚ techniques‚ and magnificent works of art‚ however‚ I believe the art depicted by Andy Warhol‚ Marlyn Diptych (1962)‚ silk screen on canvas‚ The Tate Gallery‚ London. Jackson Pollock‚ Autumn Rhythm Number 30 (1950) Oil on canvas‚ The Metropolitan Museum of Art‚ New York. Dorothea Lange‚ Migrant Mother (1936) Gelatin-silver print
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