Assignment 2: LASA 1: Inflation and Government Economic Policies http://www.bls.gov/cpi/ 1. What is inflation? What are the causes of inflation? Is inflation desirable and what can be done to control inflation in a market economy? Inflation is the phenomenon of continuously rising prices of commodities and factors of production. There is a rise in the general price level. There are two broad types of inflation: Demand –Pull Inflation and Cost-Push Inflation Demand-pull inflation
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1. Discuss the possible implications of such a development for (1) The world trading system. (2) The world monetary system. (3)The business strategy of today's European and U.S. based global corporations. (4)Global commodity prices Answer: The world trading system would clearly be affected by such a development. Currently China enjoys a somewhat privileged status within the World Trade Organization as a ―developing country. Such a rise to eminence, however, would clearly force
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West Consulting Firm 802 W Longleaf Drive Unit 18 Auburn, AL 36832 Mr. Doug Chapman 123 Main Street Mobile, AL 31864 November 5, 2015 Subject: Slime Flux Dear Mr. Chapman, The symptoms you described sound like Slime Flux, commonly referred to as Bacterial Wetwood. This is an important disease in the fact that it typically causes mortality of the tree. This disease is caused by bacteria of a variety of different species entering the tree either through an open wound. Slime Flux often infects
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In Pre-Columbian America, the primary differences between the people groups of South America and Mesoamerica were their methods for exchanging specialized goods and the extent of ecology’s influence on them. In South America, the Inca conquered distant territories and increased the amount of forced exchanges in which conquered peoples had to provide resources from their distinct ecological zones. Essentially, the Inca used their state power to develop and extend vertical exchange, a system of controlled
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determining the net benefits of alternative government projects. F 3. An increase in the profits of gasoline dealers on an improved road is a benefit of the road project. F 4. If increases in agricultural land values are viewed as a benefit of an irrigation project, then the market value of projected increased crops should also be included as a benefit of the project. 5. The social rate of discount must equal the opportunity cost of funds used to finance a project. F 6. If a project has a B/C ratio
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Adana (pronounced [aˈda.na]), is a large city in southern Turkey and a major agricultural, industry and commercial center. It is the fifth most populous city in Turkey. The city is situated on the Seyhan River, 30 kilometres (19 miles) inland from the Mediterranean Sea, in south-central Anatolia. It is the administrative seat of the Adana Province and has a population of 2.1 million, making it the most populated city of the region. Adana-Mersin metropolitan area, with a population of over 6 million
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build channels because floods would come at any time now and wash away everything that they were growing. The new urban life style is support system of the new civilization. This includes the organized society that was made to manage the new irrigation system that they had built. This organization was put into action to control the activities that were occurring in the new society. The people that were on this system to control were the priest and priestesses; they built themselves temples in
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influenced agriculture, created a natural boundary for safety, and a highway for travel and trade. The essentials were provided by the Nile River many years ago. The Nile River influenced agriculture for the Egyptian. In source 2 it provides, “Irrigation channels from the Nile flowed to smaller gardens where farmers grew vegetables.” The crops grown for bread and beer were barley, wheat, emmer-wheat, and for food they grew onions, figs, cucumbers, dates, beans, and pomegranates. According to source
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Han China emerged as an empire in 206 BCE, and many years later a new central power known as the Roman Empire arose in western Europe in 207 BCE. The imperial Han and the Roman empires are one of the most influential empires to ever exist, so influential that they are often thought of as the building blocks of many governments today. Both empires had both similar and different traits and characteristics that contributed to their success and failure. As the empires faced more threats they began to
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Finally, the river valley civilizations each created and enforced a government to help organize their society. To begin, the government created rules and laws to help keep their society peaceful and orderly. One example of this can be found in Babylon, Mesopotamia. King Hammurabi created a set of laws that he believed would be able to help his society prosper. In retrospect, he says that if someone was to hurt, steal, or damage someone or their property, they will have the same action repeated to
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