The term import is derived from the conceptual meaning as the goods and services into the port of a country. The buyer of such goods and services is referred to an "importer" who is based in the country of import where the overseas based seller is referred to as an "exporter". [1] Thus an import is any good (e.g. a commodity) or service brought in from one country to another country in a legitimate fashion‚ typically for use in trade. It is a good that is brought in from another country for sale
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1. What brought about the Red scare in the US? What effect did it have? * Fears still existed of red Russia years after the Bolshevik revolution of 1917 * Started a Communist party in America * At the end of the war an epidemic of strikes resulted in high prices and frustrated union organizing drives * People jumped to the conclusion that labor troubles were formented by bomb and whisker Bolsheviks * US had a great fear that communism could spread throughout the country *
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Consumer Surplus: The difference between the maximum price that consumers are willing to pay for a good and the market price that they actually pay for a good is referred to as the consumer surplus. The determination of consumer surplus is illustrated in Figure 1‚ which depicts the market demand curve for some good. | | | | The market price is $5‚ and the equilibrium quantity demanded is 5 units of the good. The market demand curve reveals that consumers are willing to pay at least
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WHAT HAPPENS WHEN DOGS ARE LEFT IN CARS? There are many occasions when we make the mistake of leaving our dogs inside the car when we do errands or if we simply buy something from a convenience store. We think that it is safe for our dogs to be inside the car as he cannot run and get hit by another moving car‚ safe from being lost‚ or from any other incidents that may arise. But is he really? What happens when dogs are left in cars? Are we sure that they are safe? No. Parked cars are considered
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In Albert Brooks‚ 2030: The Real Story of What Happens to America‚ the American population has started aging proficiently. While upon first look‚ this book appears to be a book simply about what Brooks predicts will happen in the future‚ it is actually about a lot more. I am sure that there would be no complaints if cancer was cured tomorrow. Well in 2030‚ this dream comes true. The cure of cancer brought about a surge of baby boomers‚ in the millions. This appears to be a good idea‚ I mean
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What Happens to a Bill on the President’s Desk Laws are made in order to govern behavior in society. There are many types of laws including civil law‚ administrative law‚ criminal law‚ constitutional law‚ and international law. In order for these laws to be put into action‚ there is a process that must be followed. Laws start out as a bill. Anyone can draft a bill such as parties‚ interests groups‚ or presidents; and it is up to Congress to act favorably in order for the bill to become a law. According
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A budget surplus may create a temporary artificial prosperity. The short term effect is usually inflationary as the government sees surplus meaning the economy is more productive‚ thus can shoulder a higher tax burden when in actuality taxes should be lowered. The tax burden‚ allegedly imposed to cool the economy‚ tends to raise prices‚ thus increasing tax revenue‚ contributing to the continuance of the surplus until such time as prices cause consumers to spend less. While a surplus represents
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Tata’s Nano: A Small Car with Large Consumer Surplus? Ref. No.: ME0012 op y Tata’s Nano: A Small Car with Large Consumer Surplus? “Since‚ promise is a promise the standard dealer version will cost Rs 1 lakh‚”1 – Ratan Tata‚ Chairman‚ Tata Sons “We designed the Nano to offer a new form of transport to the people of India and maybe later‚ to the rest of the world.”2 – Ratan Tata‚ Chairman‚ Tata Sons “…if economists are to play their part in shaping the canons of economic policy
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Layer: What does it do and what happens when it is depleted? The ozone layer is one of the most debated scientific subjects of the last decade. The growing problem of its depletion is being researched heavily all over the world‚ and methods are being researched to try and solve the problem. There have also been many debates concerning the relationship between the ozone layer and the onset of global warming. Before solutions can be developed‚ however‚ what the ozone layer actually does and what is causing
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Pierre V Cabral English 302-Barry University/ACE DR. Patricia Feito What Happens to a Dream Deferred? What Happens to a Dream Deferred? The poem “What happens to a dream deferred?” by Langston Hughes leaves the reader wondering as to what happens to their dreams that were never fulfilled. It causes the reader to take a good look at themselves because it causes the reader to really wonder. Was an effort really made to achieve their
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