Answers: Components enhancing the real GDP of Canada: 2017 was one of the best years for the economy of Canada, when the economy has grew by 3% annual growth rate which is the fastest rate of growth during the last 6 years depicting the good performance of the Canadian economy (Abedi, 2018). Compared to this, during the years 2011 to 2016 it can be seen that the economic growth of Canada was approximately 1.4% portraying the poor performance ...Read More
Answer: Introduction: In real world, people receive greatest benefits and satisfaction by taking optimal decisions. In the field of economics, people get large number of options along with scarcity constraint from where they need to select the best option that can satisfy them significantly. In this context, behavioural economics deal with psychological and economical aspects of a human to understand about their irrational activity at the tim...Read More
Answer: Part 1: The best method for the stated purposes would be the Activity Based Costing technique. For direct tracing, the traditional method costing could be used whereas for driver tracing, activity based costing technique could be used Part 2: Salary of cell supervisor-the number of hours spent on each product could be used Power to heat and cool the plant in which the cell is located-the number of unit consumed in the electricit...Read More
Introduction: The international economy has experienced a significant initiative to merge markets for the last few decades and this in turn has formed many bilateral, multilateral as well as regional trade agreements. This incorporation of markets from different countries has led the international trade to grow further across the world. Those international agreements theoretically have considered the environmental factors and consequently inte...Read More
Answer: Introduction: In 2017, The Gulf Cooperation Council (GCC) has organised its 38th Summit in Kuwait. However, this summit has experienced various troubles, as other GCC countries have sent comparatively low level of designations. Most of the Gulf leaders have denied attending the GFC summit, which further imply unsuccessful efforts of mediation, done by the Emir of Kuwait (Ulrichsen, 2017). Hence, it is essential to observe about t...Read More
Answer: Introduction: The Great Barrier Reef is one of the world’s biggest coral reef, and it is composed of more than 2900 reefs and approximately 900 islands that stretch for more than 2000 kilometers over an area of approximately 350,000 square kilometers. The reef is on the coast of Queensland Australia. The reef is composed of billions of minute organisms commonly known as coral polyps. A large part of this area is covered by the G...Read More
Answer: Introduction Over the years, South Australia has been attracting student from different parts of the world because of its globally reputed and quality educational institutions coupled with a good lifestyle. Education is South Australia’s largest service export and fourth largest export. This report critically analyses Deloitte’s report, “International Education in South Australia”. The report has adopted variou...Read More
Answer: Introduction: In the United Kingdom, there are many businesses and organizations that are running websites in order to either market their products or offer other services that need large number of people to access them (Bano & Taylor, 2015). What has caught my attention is the manner in which many websites are designed. This is because many of their designs do not offer good interacting features for people with disability an...Read More
Answer: Introductionl Market in economics describes a transaction relation between buyers and sellers of a particular good or service. In an unregulated market, the independent decision of buyer and seller lead to an efficient market outcome. Government intervention in market interrupts efficient functioning of market. Imposition of tax is one form of intervention that distorts market outcome resulting in an inefficiency in resource allocatio...Read More
Answer: Introduction The market structure under which the operation of Coles and Woolworths takes place is oligopoly market structure (Andrew, 2014). This is because the supermarkets in Australia are several, but there are some giant supermarkets (McTaggart, Findlay and Parkin, 2012). The giant supermarkets controls the biggest market share (Richards and Devin, 2016). Fig: Oligopolistic Market structure Where MC is Marginal Cost. Oligopol...Read More
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