Answer: There is a presence of lot of social and economic cost to families and individuals due to gambling. The social cost in case of gambling exceeds the benefits. A large number of activities of the gambling support takes place in the region of Tasmania. There has been increase in the growth of gambling in Australia because of huge public acceptance. Legalized gambling has brought some amount of economic benefits in some communities. ...Read More >>
Answers: Introduction: Cognitive bias is a process, where people do not take any decision rationally. Thus, people take their quick decision, based on their choice. Consequently, this systematic pattern of thinking may bring inaccurate judgment, perceptual distortion and illogical interpretation (Boukhechba et al. 2018). This type of biasness can be found in various grounds, for instance, political, economical and social one, where...Read More >>
Answer: Introduction An automobile industry is a wide platform where huge number of companies and organizations get involved in designing, developing, manufacturing, marketing and selling vehicles which also aims at contributing the world in terms of revenue. 1.Major trends in Automobile Industry There have been drastic changes in the automobile industry in last few years. The major two changes seen are mentioned below. Increasing number o...Read More >>
Answers: 1.Brazil holds the 5th position among the largest countries of the world. It is the largest economy of the Latin America. The country has shown exceptional growth in the past decade. The Brazilian government controls majority of the economy and more than 40% of the country’s GDP constitutes the government expenditure. The government has taken the initiatives for expanding the trade volume. The expansion in exports of produc...Read More >>
Answer: a:Considering the given scenario it can be entailed that it would increase the cost of the importable in the Indian market and on the other hand due to the fall in the export, price of the chickpea will fall in the domestic market (Friedman, 2017). Figure 1: Shift of the AD-AS curve due to policy change Source: (Created by Author) As it can be seen from the figure 1 that if there is rise in the price of the importable, then th...Read More >>
Answer: Agriculture refers to the exercise or art of cultivating the earth, producing yields and nurturing livestock. In addition, agriculture in fluctuating degrees, mostly involves the ground work and selling of the resulting yields. On the other hand, economy refers to the system by which goods and services are produced, bought and sold in a region. The World Bank classifies Jordan as an upper middle-income nation. Carew-Miller (2016) denot...Read More >>
Answer: Introduction The rate of change in wages has important implication for the economy. For most of the household a major source of income is the wage income. For firms also wage cost represents an important part of business cost. In recent years, Australia has accounted weak wage growth along with a lower than targeted inflation rate. A report published by IMF suggests that since the ends of mining boom in 2000s Australia has recor...Read More >>
Answer: Introduction The global economy and its dynamics over the years have been dependent on many factors and occurrences, which in turn can be explained and interpreted in the theoretical and conceptual framework of economics. One such influencing factor, contributing significantly in the global economic dynamics, especially in the contemporary period, is the concept of market. “Market”, in terms of economics, refer to the dema...Read More >>
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