of Political Economy (1817)‚ furnished a more precise formulation of the theory of international trade. At the centre of the Ricardian theory of international trade is the celebrated principle of comparative advantage of "doctrine of comparative costs." In fact‚ the doctrine of comparative costs was developed by Ricardo out of his (classical) labour theory of value. According to this theory‚ the value of any commodity is determined by its labour costs. It asserts that‚ goods are exchanged against
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CHAPTER 2: EFFECTS DOCTRINE UNDER EU‚ US AND INDIAN LAWS. Under the Effects Doctrine‚ a State may assume jurisdiction when an act is committed in another State‚ by citizens or companies of other states‚ has effects in the former. This was accepted by the Permanent Court of International Justice in the S.S.Lotus case. Back in 1909‚ in the case of American Banana Co. v. United Fruit Co.‚ all the acts complained of were committed outside the territory of the United States‚ including the defendant’s
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PART I AN INTRODUCTION OF THE TERM Chapter No.1 The Term Ultra Vires 1. Derivation: Ultra vires is a Latin phrase. It is derived from two distinct words‚ i.e.‚ ‘ultra’ and ‘vires’‚ which means ‘beyond’ and ‘power’ respectively[1]. 2. Meaning: Ultra vires means unauthorised; beyond the scope of power allowed or granted by a corporate charter or by law[2]. It means an act which is beyond the powers[3]. 3. Definition: “The term ultra vires simply means beyond powers or lack
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to address the case study known as “Hot Coffee” with regard to the following questions: What does caveat emptor mean? According to this doctrine‚ who is responsible for Stella Liebeck’s burns? Explain. Does the fact that she’s seventy-nine years old make it more difficult to justify a caveat emptor attitude in this case? One aspect of the caveat emptor doctrine is that it maximizes respect for the consumer as an independent and autonomous decider. Could that be a reason for affirming that a seventy-nine-year-old
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“The Bush Doctrine and the Iraq War: Neoconservatives vs. Realists” by Brian C. Schmidt and Michael C. Williams. The reason for choosing this article for review is simply because of its relevance today throughout the Middle East and how the American foreign policy is drastically changing the dynamics of the world. Schmidt and Williams use the elements of the neoconservative Bush Doctrine to show the direct contrast between realists and neoconservatives. The authors use the Bush Doctrine as an anchor
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sovereignty) or unchallengeable political power (political sovereignty). It is absolutely clear that the doctrine of Parliamentary sovereignty has been undermined by numerous factors. However‚ other people happen to disagree with me. J.S. Mills says that “Parliament can do anything except turn a man into a woman”. This quote shows that J.S. Mills does not think that the doctrine of Parliamentary sovereignty has been undermined by numerous factors. Parliament sovereignty is based
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John Locke and Immanuel Kant: Comparative analysis of epistemological doctrines We are here concerned with the relationship between the human mind‚ somatic-sensory perceptions‚ objects of perception‚ and claims of knowledge arising from their interaction‚ through the philosophies of John Locke and Immanuel Kant. Confounding the ability to find solid epistemological ground‚ philosophers have‚ generally speaking‚ debated whether ‘what’ we know is prima facie determined by the objective‚ as-they-are
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Question 1 Critically analyse the effectiveness of doctrine of separation of powers with latest development in Malaysia. Introduction The doctrine of the separation of powers is defined as the constitutional principle that limits powers vested in any person or institution. In the doctrine of the separation of powers‚ it has been divided into three branches‚ which is a legislative‚ executive‚ and judicial power of a government. First of all‚ the legislative is talking about the making of laws;
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1.President Monroe articulated the Monroe Doctrine in his 1823 address to Congress primarily in order to A.respond positively to the recent Latin American revolutions B.rule out United States involvement in South America C.provide a rationale for United States intervention in the Isthmus of Panama D.warn European nations against further colonial ventures in the Western Hemisphere E.encourage Britain to help the fledgling Latin American states 2.Which of the following transportation developments
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The United States experienced many different world events that helped propel it to becoming the world’s super power. From the Monroe Doctrine which would help the United States isolate itself from the Colonialism of the European nations and set itself as the super power of the America’s‚ to the Spanish American War which ended Spanish rule in the America’s as well as helped the United States acquire its own territories‚ to the first and second World Wars which ultimately bankrupted all of Europe
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