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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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I True or false.（2points*10） 1. If Good 1 is on the horizontal axis and Good 2 is on the vertical axis‚ then an increase in the price of Good 1 will not change the horizontal intercept of the budget line. 2. Henrietta’s utility function is U(x1‚ x2) = x1x2. She has diminishing marginal rate of substitution between goods 1 and 2. 3. Other things being equal‚ a lump sum tax is at least as good for a consumer as a sales tax that collects the same revenue from him. 4. Sharon spends all of her income
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E-TEXTILE – THE NEW INVENTION OF TEXTILE Abstract: This paper provides the latest insights into emerging technology to enhance wear ability of e-textiles and smart clothing by reviewing the cutting-edge researches and development. It will contain the construction process of an e-textile and some relevant application fields. Introduction: It is hard to believe that a fabric we are wearing can monitor our health‚ guard us in case of any danger‚ measure the chemical mixture of our body fluids
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ECO 201 : Microeconomics Research Paper The Unilever Group Ben and Jerry’s Homemade Inc. Ice Cream June 9‚ 2011 Deborah Minassian ECO 201 : Microeconomics Research Paper The Unilever Group Ben and Jerry’s Homemade Inc. Ice Cream June 9‚ 2011 Deborah Minassian Abstract Ben & Jerry’s Homemade‚ Inc. has been in business since 1978. Approximately 40% of the world ’s frozen dairy desserts‚ 5.6 billion liters per year‚ are manufactured at more than 450 U.S. ice cream plants. This makes
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BRIEF REPORT ON TEXTILE INDUSTRY IN INDIA March‚ 2013 A brief report on Textile Industry in India 1. OVERVIEW OF INDIAN TEXTILE INDUSTRY 1.1 Background India Textile Industry is one of the leading textile industries in the world. Though was predominantly unorganized industry even a few years back‚ but the scenario started changing after the economic liberalization of Indian economy in 1991. The opening up of economy gave the much-needed thrust to the Indian textile industry‚ which
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Textile Industry TEXTILE INDUSTRY The textile industry is one of the most important sectors of Pakistan. It contributes significantly to the country’s GDP‚ exports as well as employment. It is‚ in fact‚ the backbone of the Pakistani economy. Establishment I want to do this! What’s This? [pic]Pakistan is the fourth largest cotton producer in the world. Because of its plentiful‚ indigenous cotton supply‚ the textile industry is central to the Pakistani economy and is both
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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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Oluwatobi Onibatedo Eco 301 08/24.2013 WEEK 1 HOMEWORK Problem 1 1.a. Suppose the real GDP is currently $97 billion per year and natural real GDP is currently $100 billion. Measured as a percentage‚ what is the real GDP gap? Solutions Actual real GDP- Natural Real GDP =GDP gap over 100 = $97- $100= -3/100 = -3% GDP GAP is -3% The negative answer means the economy as a whole is in a recession. 1(b) Suppose natural real GDP is growing by $4 billion per year. By how much must
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