1. Name two types of market failure. Explain why each may cause market outcomes to be inefficient. Market Power- In some markets‚ a single buyer or seller may be able to control the market prices. Market Power can cause inefficiency because it keeps the price and quantity away from the equilibrium of supply and demand. Externalities- The impact of one person’s actions on the well-being of a bystander. Since buyers and sellers do not consider these side effects when deciding how much to consume
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Today‚ rising cost of living is an everyday theme. In the bus‚ at the office and at the market‚ almost all conversations revolve around the rising prices. Increase of general price levels is generally known as ‘inflation’. The common man feels the inflation when the prices of his consumer goods go up. He feels the rising cost of living with each increase of bus fare‚ bread prices and utility bill prices. The causes a lot of social problems which at its extreme form‚ cause social unrest. Over the
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Definition Finger-tracking is usage of bare hand to operate a computer in order to make human-computer interaction much more faster and easier. Fingertip finding deals with extraction of information from hand features and positions. In this method we use the position and direction of the fingers in order to get the required segmented region of interest. Finger pointing systems aim to replace pointing and clicking devices like the mouse with the bare hand. These applications require a robust localization
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Introduction to Bibliometrics Bibliometrics is the scientific analysis of various texts and information. Bibliometrics are being used increasingly in order to establish the research impact or research influence that an article has. Bibliometrics focus on quantitative and qualitative data analysis in order to describe publication patterns within a field of research. This information can be used to evaluate the influence or performance of a researcher and to provide a comparison between researchers
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Palmistry We all wonder what awaits us in the future. We wonder about our health‚ our careers and of course‚ our love life. Well the answer to all of these questions may lie quite literally in the palm of your hand. Palmistry‚ or palm reading‚ is the practice of predicting the future outcomes through the study of the palm. This study dates back to 3000 BC in ancient Egypt and still being practiced today worldwide. Today we will discuss how our palm lines can tell us about our future and ourselves
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IELTS Essay‚ topic: children and rules In some countries children have very strict rules of behavior‚ in other countries they are allowed to do almost anything they like. To what extent should children have to follow rules? The extent to which children have to follow rules is in itself a very complex issue‚ since children across the world grow up in very different cultures. In India for example‚ children are expected to be very submissive to their parents as well as other adults around them. This
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Human Development Index The Human Development Index (HDI) measures the average achievements in a country in three basic dimensions of human development: Health Education Living Standards It is calculated for 177 countries and areas for which data is available. 2 Human Development Index http://hdr.undp.org/en/statistics/hdi/ http://hdr.undp.org/en/humandev/ 3 4 http://www.youtube.com/watch?v=vddX4n30sXY&feature=PlayList&p=B85108E4B2D56890&index=0 Introductio n 1
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How to be a millionaire? You may be a bum wishing to have a million bucks‚ or you may be an aspiring young professional who wants to know if you are on the right path. Whatever the case may be‚ here are seven ways people become millionaires. Some are by pure luck but there’s no need to worry as others are based much less on chance and more on planning and wits. With some effort‚ you can have a big fat bank account one day too. First and the easiest‚ Win the Lottery – Without a doubt‚ this is
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GDP rather than nominal GDP to gauge economic well-being? Define the GDP deflator. 7. What is the CPI? Which do you think has a greater effect on the consumer price index: a 10 percent increase in the price of chicken‚ or a 10 percent increase in the price of caviar? Why? 8. Describe the three factors that make the consumer price index an imperfect measure of the cost of living. Then explain how the GDP deflator differs from the CPI. 9. List and describe the determinants of productivity. 10. Explain
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Annual lease payments are $1 million per year‚ payable ratably over 12 months at the beginning of each month‚ according to the lease agreement. The minimum rent payment will be $1 million plus an increase equal to the change in the Consumer Price Index from January 1 of the prior year to January 1st of the current year. The rate increase be re-evaluated each year‚ however‚ the rate cannot decrease the payment amount. The most recent change in the CPI was 4%. * * * Research Question
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