ECON 2020 A Mid-Term Examination I - SOLUTIONS Instructor: Derek Olmstead Note: Non-programmable calculators permitted Summer 2012 Duration: 105 minutes Total marks: 20 points Part A: Short-answer questions [3 points each] Note: Use diagrams and/or equations to explain your answer. I. Explain the difference between diminishing total returns to labour and diminishing marginal returns to labour. Diminishing returns to labour means that an increase in the number of labour units
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"the main individual who is taught is the person who has figured out how to learn and change". I frequently ponder what will be the evaluation from men of this bore if they somehow managed to survey training today. What will Mr. Rogers consider bootcamps? You know‚ the five day confirmation approach. What will the great old Abe say in regards to different decision testing? I can imagine Pavlov respecting the classroom of today as an affirmation to his investigations of personality‚ established molding
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policy is concerned the go to method for nations worldwide is trade sanctions when one nation wants to coerce another nation to either stop doing something or start doing something. Trade sanctions coerce other nations by putting the nation in a difficult economic situation via cutting off or regulating trade with the nation and only lifting the trade ban/regulation after the nation meets a certain demand. Many nations see trade sanctions as an adequate alternative solution to war when it comes to forcing
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1. He didn’t pass his driving test. He wishes he _____ it. A) have passed B) had passed C) will pass D) pass 2.I have to work about 80 hours a week‚ so I’m very busy. But if I_____ any spare time‚ I _____ a sport like golf. A) will have / will take up B) had / will take up C) will have / had D) had / would take up 4. He ______ in the library every night for the last two months. A) would be studying B) will have studied C) has been studied D) has been studying 5.A: Would
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Online shoppings is the best worldwide trading.There are several common problems could go wrong with online shopping in which dealing process easy to be cheated‚ payment process is complicated‚delivery process go wrong. Dealing with online shopping is easy to be cheated.for example we do not know what is the condition of the item.besides that dealing on online shopping can revealed people to be cheated if we have pay for the item‚but the item we not received.we must know we dealing from whom.otherwise
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ECS2730 ASSIGNMENT Question one a) Different sources had varying figures in terms of acquiring the macroeconomic variables. b) The following graph show the GDP growth rate‚ GDP per capita growth rate and the inflation rate of Nigeria. From the graph it is not easy to see the changes (in terms of figures) in the variables therefore‚ the table below shows how the above variables have changed over time. Year Real GDP growth rate (annual %) GDP per capita growth (annual %) Inflation
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INTRODUCTION From natural gas‚ crude oils‚ and other fossil materials such as coal‚ few intermediates are produced that are not hydrocarbon compounds. The important intermediates discussed here are hydrogen‚ sulfur‚ carbon black‚ and synthesis gas. Synthesis gas consists of a nonhydrocarbon mixture (H2‚CO) obtain- able from more than one source. It is included in this chapter and is fur- ther noted in Chapter 5 in relation to methane as a major feedstock for this mixture. This chapter discusses
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What is Law? We need to be specific when refer to ’the law’ as there are two types of law in Australia: LEGISLATION‚ and CASES‚ also called ‘judge-made law’ or ‘common law’. These are also known as authoritative sources of law. Each type of law has a different origin. LEGISLATION is created by parliament. It’s also called ‘Acts’ or ‘statutes’. Legislation may also be changed or removed by parliament. Legislation may be made about any subject for which the parliament has power to make laws
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Austin‚ Hart and Kelson on Sanction as an integral part of law The term “sanction” is derived from Roman law. Sanction was originally that part of the statute which established a penalty or made other provisions for its enforcement. In the ordinary sense‚ the term sanction means mere penalty It can also be some motivating force or encouragement for the purpose of better performance and execution of laws. Meaning The term “sanction” is derived from Roman law. Sanction was originally that part
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When are sanctions most likely to work? 1. Introduction Economic sanctions‚ defined as “economic measures directed to political objectives” (Barber‚ 1979‚ p. 367)‚ are given a prominent place among the range of coercive diplomacy (George‚ Forceful persuasion: coercive diplomacy as an alternative to war‚ 1991‚ p. 5). They are praised as a good alternative to war because it seeks to persuade an opponent to cease his aggression rather than bludgeon him into stopping (George‚ Forceful persuasion:
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