U.S.Involvement in the Vietnam War and the Effects Today Essay

U.S.Involvement in the Vietnam War and the Effects Today - Essay Example U.S. involvement in the Vietnam War got initial support from the Vietnam government, but later, the government opposed the involvement of United States in the war. Demonstrations opposing the United States involvement in the Vietnam War began in 1964 up to 1970. When John F Kennedy appeared in office, for his first year, he drafted a plan, which clearly depicted the chief objective of U.S. involvement in the Vietnam War. The main objective of the involvement was to prevent domination of communists in South Vietnam; in order to create a viable, democratic society (Hall 8). The United States aimed at achieving this objective through military, economic, and political support. The United States also wanted to spread their capitalist ideologies. There were different reasons for opposing the U.S. involvement in the Vietnam War. One of the reasons was opposition to the draft. The draft threatened low and middle class registrants (Hall 12). Those opposing the draft argued that the draft did not represent them fairly. Apart from the opposition of the draft, protestors made moral influence against U.S. involvement in Vietnam War. The moral argument was mostly opinions of American college students. The students opposed the U.S. involvement and termed it as immoral due to the number of civilian deaths, encountered in the war. Another opposing element against U.S. involvement was that the threat of communism by the United States was not legally justifiable. The U.S. withdrew its military in August 1973. In the Vietnam War, I learnt that, involvement of the United States in the war was opposed by the Vietnam government and some Americans. The chief reason for opposing the U.S. involvement in the war was due to the effects that the war left (Kissinger 32). There was immense loss of life; involving American troops, Vietnam soldiers and Vietnam civilians. This led to a high number of casualties. It is estimated that 58,148 were killed in Vietnam; 75,000 disabled

Romeos Diary about Juliet Essay Example for Free

Romeos Diary about Juliet Essay At the youth of the day I stirred lazily from my deep, blissful sleep. Her warm and comfortable bed nestled me in lovingly, and with every breath I took, I felt more and more content. I didnt need to worry about anything right now. I didnt have a care in the world. Sleeping next to my beloved Juliet made me think I was still dreaming. I smiled in my sleep, I had never felt as happy before as I did there in her bed, with her skin on mine, her arms and legs wrapped all around me. The wind whistling outside and the lark singing woke me from my sleep. My marriage with Juliet was sweeter than the sweetest honey from any blossom. Juliets face glowed brighter than the crimson flower gardens of spring; the glisten in her eyes would make the summer sun shy away in shame; her dress was whiter than the fields of glimmering snowflakes in winter. A holy ceremony took place, and Juliet and I swore to bind together as one. Nothing could possibly go astray on this heavenly day, I thought. But I was wrong. As I heard the lark singing I had to go and live or stay and die. So left my angel Juliet in the early morning, when the sun had not yet shone too brightly from the east. Then disaster reared its ugly head. It directed me to the violent exchange of words between Mercutio, my good friend, and Tybalt, my dear cousin, two gentlemen who would not have been hurt if not for my existence, yet both have now left this world. When they put out their weapons, the fiery emission of rage between them was unstoppable. I went in between them in hope of ending the brawl, but as the stars would have it, the brawl did end at the abrupt end of Mercutios life. At the blink of an eye, he lost his concentration, and Tybalts weapon pierced deeply into my dear friends chest. Scarlet blood pumped out of the fatal wound. O insensitive heavens, o malevolent stars! Wherefore did fate not let it stop there? My passion for revenge took over, and my cousin was slain in my hands. O I am fortunes fool! It is too late to regret my actions, yet I can do nothing else! Mercutio was killed under my arm, Tybalt by my sword, and Juliets heart, broken by my thoughtless actions. I am an appalling friend, but a worse husband. How may I live my life as a murderer, and a disgrace to Verona? Worst of all, how may I live without my sweet Juliet? Life is meaningless without the radiant angel by my side. O Juliet, I would ask thou to forgive me, but how may thou forgive me if I do not forgive myself? O cruel Tybalt, why did you not take me with you? And if you had slain me, I would not have to suffer these vile consequences! The day, which began with my happiest morning, concludes with black fate haunting my life. O, the envious world is cruel! O Heavens, would you give a thirsty gentleman one small sip of water, then take it away from him? Wherefore do you give me Juliet if you must separate us? I feel terribly guilty and helpless.

Sophocles Philoctetes Essay -- Sophocles Philoctetes Essays

Sophocles' Philoctetes â€Å"No word. Then I am nothing† (950) â€Å"Who will say word of greeting to me?† (1354) In his lecture Oedipus at the Crossroads, Simon Goldhill addresses the idea that the incest between mother and son results in the collapse not only of the characters, but of language itself: or rather, of the language the characters use to express their despair. The fact that Oedipus stumbles on the words â€Å"Daughter, sister†¦Ã¢â‚¬  reflects this breakdown of language. In Sophocles’ Philoctetes, there is a similar sense of shattered language, but here it is more a case of being abandoned by language, of language and civilisation being so intrinsic to each other that being left behind by one implies being left behind by both. The Chorus’s description of what they imagine Philoctetes’s solitary existence to be like reflects this: â€Å"He cries out in his wretchedness;/there is only a blabbering echo,/that comes from the distance speeding/from his bitter crying†(187), using lack of dialogue to represent his solitude. Similarly, it is significant th at it is not distinct words that announce Philoctetes’s approach the first time he comes on stage, but rather â€Å"the voice of a man wounded† and â€Å"a bitter cry† (209,210). And it is no coincidence that upon meeting Neoptolemus, Philoctetes’ greeting becomes an insistent, repetitive cry: â€Å"Take pity on me; speak to me; speak/ speak if you come as friends. / No—answer me/ If this is all/ that we can have from one another, speech, this, at least, we should have† (230). Just as, when Odysseus’ plan has been revealed and the men are preparing to leave, Philoctetes’ supplication is â€Å"Your voice has no word for me, son of Achilles? / Will you go away in silence?†(1065). Speech is equated with pity, di... ...sation. The Chicago version of this passage reads: â€Å"Farewell [†¦] the deep male growl of the sea-lashed headland [†¦] where many a time in answer to my crying in the storm of my sorrow the Hermes mountain sent its echo!† (1460) while in the Francklin version he states, perhaps more aptly (as his passiveness is felt much more), â€Å"Farewell the noise of beating waves, which I so oft have heard from the rough sea [†¦]Oft th' Hermaean mount Echoed my plaintive voice†. In both cases there is a keen sense of release, of breaking free, of the relief of knowing that one’s words will bear fruit to something other than a dim reflection of themselves, that one’s attempts at dialogue will not be met with a wall of silence. It is an ending that resounds with possibility and potential: the world Philoctetes is about to re-enter is a veritable blank page. A â€Å"great destiny† awaits him.

Pie 123

1. External  economies  of  scale  arise  when  the  cost  per  unit A. rises  as  the  industry  grows  larger. B. falls  as  the  industry  grows  larger  rises  as  the  average  firm  grows  larger. C. falls  as  the  average  firm  grows  larger. D. remains  constant. E. None  of  the  above. Answer:  B 2. Internal  economies  of  scale  arise  when  the  cost  per  unit A. rises  as  the  industry  grows  larger. B. falls  as  the  industry  grows  larger. C. rises  as  the  average  firm  grows  larger. D. falls  as  the  average  firm  grows  larger. E. None  of  the  above. Answer:  D 3. External  economies  of  scale A. ay  be  associated  with  a  perfectly  competitive  industry. B. cannot  be  associated  with  a  perfectly  competitive  industry. C. tends  to  result  in  one  huge   monopoly. D. tends  to  result  in  large  profits  for  each  firm. E. None  of  the  above. Answer:  A 4. Internal  economies  of  scale A. may  be  associated  with  a  perfectly  competitive  industry. B. cannot  be  associated  with  a  perfectly  competitive  industry. C. are  associated  only  with  sophisticated  products  such  as  aircraft. D. cannot  form  the  basis  for  international  trade  . E. None  of  the  above. Answer:  B 5. A  monopolistic  firm A. an  sell  as  much  as  it  wants  for  any  price  it  determines  in  the  market. B. cannot  determine  the  price,  which  is  determined  by  consumer  demand. C. will  never  sell  a  product  whose  demand  is  inelastic  at  the  quantity  sold. D. cannot  sell  additional  quantity  unless  it  raises  the  price  on  eac h  unit. E. None  of  the  above. Answer:  C 7 6. Monopolistic  competition  is  associated  with A. cut-throat  price  competition. B. product  differentiation. C. explicit  consideration  at  firm  level  of  the  feedback  effects  of  other  firms' pricing  decisions. D. high  profit  margins. E. None  of  the  above. Answer:  B 29.Two  countries  engaged  in  trade  in  products  with  no  scale  economies,  produced under  conditions  of  perfect  competition,  are  likely  to  be  engaged  in A. monopolistic  competition. B. inter-industry  trade. C. intra-industry  trade. D. Heckscher-Ohlin  trade. E. None  of  the  above. Answer:  B 19. A  monopoly  firm  engaged  in  international  trade  will A. equate  average  to  local  costs. B. equate  marginal  costs  with  foreign  marginal  revenues. C. equate  marginal  costsà ‚  with  the  highest  price  the  market  will  bear. D. equate  marginal  costs  with  marginal  revenues  in  both  domestic  and  in foreign  markets. E. None  of  the  above.Answer:  D 9. Where  there  are  economies  of  scale,  the  scale  of  production  possible  in  a  country is  constrained  by A. the  size  of  the  country. B. the  size  of  the  trading  partner's  country. C. the  size  of  the  domestic  market. D. the  size  of  the  domestic  plus  the  foreign  market. E. None  of  the  above. Answer:  D Brown field : , Green field : 21. A  firm  in  monopolistic  competition A. earns  positive  monopoly  profits  because  each  sells  a  differentiated product. B. earns  positive  oligopoly  profits  because  each  firm  sells  a  differentiated product.C. earns  zero  econ omic  profits  because  it  is  in  perfectly  or  pure  competition. D. earns  zero  economic  profits  because  of  free  entry. E. None  of  the  above. Answer:  D 16. International  trade  based  on  scale  economies  is  likely  to  be  associated  with A. Ricardian  comparative  advantage. B. comparative  advantage  associated  with  Heckscher-Ohlin  factor- proportions. C. comparative  advantage  based  on  quality  and  service. D. comparative  advantage  based  on  diminishing  returns. E. None  of  the  above. Answer:  E ———————————————Ch7———————————————- . The  effective  rate  of  protection  measures A. the  Ã¢â‚¬Å"true†Ã‚  ad  valorum  v alue  of  a  tariff. B. the  quota  equivalent  value  of  a  tariff. C. the  efficiency  with  which  the  tariff  is  collected  at  the  customhouse. D. the  protection  given  by  the  tariff  to  domestic  value  added. E. None  of  the  above. Answer:  D 1. Specific  tariffs  are A. import  taxes  stated  in  specific  legal  statutes. B. import  taxes  calculated  as  a  fixed  charge  for  each  unit  of  imported  goods. C. import  taxes  calculated  as  a  fraction  of  the  value  of  the  imported  goods. D. the  same  as  import  quotas. E. None  of  the  above. Answer:  B . Ad  valorem  tariffs  are A. import  taxes  stated  in  ads  in  industry  publications. B. import  taxes  calculated  as  a  fixed  charge  for  each  unit  of  imported  goods. A. import  taxes  calculated  as  a  fraction  of  the  value  of  the  imported  goods. B. the  same  as  import  quotas C. None  of  the  above. Answer:  C The  main  redistribution  effect  of  a  tariff  is  the  transfer  of  income  from A. domestic  producers  to  domestic  buyers. B. domestic  buyers  to  domestic  producers. C. domestic  producers  to  domestic  government. D. domestic  government  to  domestic  consumers. E. None  of  the  above. Answer:  B 21.Which  of  the  following  policies  permits  a  specified  quantity  of  goods  to  be imported  at  one  tariff  rate  and  a  higher  tariff  rate  to  imports  above  this  quantity? A. Import  tariff B. Voluntary  exports  restraint C. Tariff  quota D. Ad  valorum  tariff E. None  of  the  above. Answer:  C 22. Should  the  home  country  be  Ã¢â‚¬Å"large†Ã‚  relative  to  its  trade  partners,  its  imposition  of a  tariff  on  imports  would  lead  to  an  increase  in  domestic  welfare  if  the  terms  of the  trade  rectangle  exceed  the  sum  of  the A. revenue  effect  plus  redistribution  effect. B. protective  effect  plus  revenue  effect. C. consumption  effect  plus  redistribution  effect.D. protective  distortion  effect  plus  consumption  distortion  effect. E. None  of  the  above. Answer:  D An import quota: Is always more costly to a country than an import tariff. Has the same effects on welfare as an import tariff. Generates rents that might go to foreigners. Is always less costly to a country than an import tariff. -> -> ? ? ——————————-Ch9————————————à ¢â‚¬â€Ã¢â‚¬â€- 27. The  imperfect  capital  market  justification  for  infant  industry  promotion A. Assumes  that  new  industries  will  tend  to  have  low  profits. B.Assumes  that  infant  industries  will  soon  mature. C. Assumes  that  infant  industries  will  be  in  products  of  comparative advantage. D. Assumes  that  banks  can  allocate  resources  efficiently. E. None  of  the  above. Answer:  A 2. Sophisticated  theoretical  arguments  supporting  import-substitution  policies include A. Terms  of  trade  effects. B. Scale  economy  arguments. C. Learning  curve  considerations. D. The  problem  of  appropriability. E. None  of  the  above. Answer:  D 14. Which  industrialization  policy  used  by  developing  countries  places  emphasis  on the  comparative  advantage  principle  as  a  guide  to  resource  allocation? A. Export  promotion.B. Import  substitution. C. International  commodity  agreements. D. Infant  Industry  promotion. E. None  of  the  above. Answer:  A 1. The  infant  industry  argument  was  an  important  theoretical  basis  for A. Neo-colonialist  theory  of  international  exploitation. B. Import  Ã¢â‚¬â€œÃ‚  substituting  industrialization. C. Historiography  of  the  industrial  revolution  in  Western  Europe. D. East-Asian  miracle. E. None  of  the  above. Answer:  B 6. The  wage  differential  theory  which  argued  that  shifting  resources  from  agriculture to  manufacturing  entailed  positive  social  benefits  implied  that A. Free  trade  policies  would  promote  competitiveness. B.Free  trade  policies  would  promote  economic  growth  for  both  static  and dynamic  reasons. C. Protectionism  was  likel y  to  lead  to  economic  stagnation. D. Protectionism  and  import  substitution  was  likely  to  promote  economic growth. Answer:  D 12. Which  trade  strategy  have  developing  countries  used  to  restrict  imports  of manufactured  goods  so  that  the  domestic  market  is  preserved  for  home  producers, who  thus  can  take  over  markets  already  established  in  the  country? A. International  commodity  agreement. B. Export  promotion. C. Multilateral  contract. D. Import  substitution. E. None  of  the  above. Answer:  D 18. Import  substitution  policies  make  use  ofA. Tariffs  that  discourage  goods  from  entering  a  country. B. Quotas  applied  to  goods  that  are  shipped  abroad. C. Production  subsidies  granted  to  industries  with  comparative  advantage. D. Tax  breaks  granted  to  i ndustries  with  comparative  advantage. E. None  of  the  above. Answer:  A 25. The  infant  industry  argument  is  that A. Comparative  advantage  is  irrelevant  to  economic  growth B. Developing  countries  have  a  comparative  advantage  in  agricultural  goods. C. Developing  countries  have  a  comparative  advantage  in  manufacturing. D. Developing  countries  have  a  potential  comparative  advantage  in manufacturing. E. None  of  the  above.Answer:  D 26. The  infant  industry  argument  calls  for  active  government  involvement A. Only  if  the  government  forecasts  are  accurate. B. Only  if  some  market  failure  can  be  identified. C. Only  if  the  industry  is  not  one  already  dominated  by  industrial  countries. D. Only  if  the  industry  has  a  high  value  added. E. None  of  t he  above. Answer:  B 30. Import  substitution  policies  have  over  time  tended  to  involve  all  but  the  following A. Overlapping  import  quotas. B. Exchange  controls. C. Domestic  content  rules. D. Simple  tariffs. E. Multiple  exchange  rate  schemes. Answer:  D 35. The  HPAE  (High  Performance  Asian  Economies)  countriesA. Have  all  consistently  supported  free  trade  policies. B. Have  all  consistently  maintained  import-substitution  policies. C. Have  all  consistently  maintained  non-biased  efficient  free  capital  markets . D. Have  all  maintained  openness  to  international  trade. E. None  of  the  above. Answer:  D ================================ch11========================== 1. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  incomeà ‚  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  Pakistan  and India  fall  under? A.Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Pakistan  and  India  fall  between  lower-middle  and  upper-middle Answer:  A 2. While  many  developing  countries  have  reformed  their  economies  in  order  to imitate  the  success  of  the  successful  industrial  economies,  the  process  remains incomplete  and  most  developing  countries  tend  to  be  characterized  by  all  of  the following  except: A. Seigniorage B. Control  of  capital  movements  by  limiting  foreign  exchange  transactions connected  with  trade  in  assets. C. Use  of  natural  resources  or  agricultural  commodities  as  an  important  share of  expo rts.D. A  worse  job  of  directing  savings  toward  their  most  efficient  investment uses. E. Reduced  corruption  and  poverty  due  to  limited  underground  markets. Answer:  E 4. Compared  with  industrialized  economies,  most  developing  countries  are  poor  in the  factors  of  production  essential  to  modern  industry:  These  factors  are A. capital  and  skilled  labor B. capital  and  unskilled  labor C. fertile  land  and  unskilled  labor D. fertile  land  and  skilled  labor E. water  and  capital Answer:  A 5. The  main  factors  that  discourage  investment  in  capital  and  skills  in  developing countries  are: A. olitical  instability,  insecure  property  rights B. political  instability,  insecure  property  rights,  misguided  economic  policies C. political  instability,  misguided  economicà ‚  policies D. political  instability E. insecure  property  rights,  misguided  economic  policies Answer:  B 6. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  sub-Saharan Africa  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E.Sub-Saharan  Africa  falls  between  lower-middle  and  upper-middle Answer:  A 7. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  mainland China  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income Answer:  B 8. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies.What  category  would  the  smaller Latin  American  and  Caribbean  countries  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Smaller  Latin  American  and  Caribbean  countries  fall  between  low  income and  lower  middle  income Answer:  D 9. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Saudi Arabia  falls  under? A. Low-income B.Upper  middle-  income C. High-income D. Lower  middle-income E. Saudi  Arabia  falls  between  low  income  and  lower  middle  income economies Answer:  B 10. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Turkey falls  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Turkey  falls  between  low  income  and  lower  middle  income  economiesAnswer:  B 11. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  uppe r middle-  income  and  high-income  economies. What  category  would  the  Poland, Hungary,  and  the  Czech  and  Slovak  Republics  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Poland,  Hungary,  and  the  Czech  and  Slovak  Republics  fall  between  low income  and  lower  middle  income  economies Answer:  B Pie 123 1. External  economies  of  scale  arise  when  the  cost  per  unit A. rises  as  the  industry  grows  larger. B. falls  as  the  industry  grows  larger  rises  as  the  average  firm  grows  larger. C. falls  as  the  average  firm  grows  larger. D. remains  constant. E. None  of  the  above. Answer:  B 2. Internal  economies  of  scale  arise  when  the  cost  per  unit A. rises  as  the  industry  grows  larger. B. falls  as  the  industry  grows  larger. C. rises  as  the  average  firm  grows  larger. D. falls  as  the  average  firm  grows  larger. E. None  of  the  above. Answer:  D 3. External  economies  of  scale A. ay  be  associated  with  a  perfectly  competitive  industry. B. cannot  be  associated  with  a  perfectly  competitive  industry. C. tends  to  result  in  one  huge   monopoly. D. tends  to  result  in  large  profits  for  each  firm. E. None  of  the  above. Answer:  A 4. Internal  economies  of  scale A. may  be  associated  with  a  perfectly  competitive  industry. B. cannot  be  associated  with  a  perfectly  competitive  industry. C. are  associated  only  with  sophisticated  products  such  as  aircraft. D. cannot  form  the  basis  for  international  trade  . E. None  of  the  above. Answer:  B 5. A  monopolistic  firm A. an  sell  as  much  as  it  wants  for  any  price  it  determines  in  the  market. B. cannot  determine  the  price,  which  is  determined  by  consumer  demand. C. will  never  sell  a  product  whose  demand  is  inelastic  at  the  quantity  sold. D. cannot  sell  additional  quantity  unless  it  raises  the  price  on  eac h  unit. E. None  of  the  above. Answer:  C 7 6. Monopolistic  competition  is  associated  with A. cut-throat  price  competition. B. product  differentiation. C. explicit  consideration  at  firm  level  of  the  feedback  effects  of  other  firms' pricing  decisions. D. high  profit  margins. E. None  of  the  above. Answer:  B 29.Two  countries  engaged  in  trade  in  products  with  no  scale  economies,  produced under  conditions  of  perfect  competition,  are  likely  to  be  engaged  in A. monopolistic  competition. B. inter-industry  trade. C. intra-industry  trade. D. Heckscher-Ohlin  trade. E. None  of  the  above. Answer:  B 19. A  monopoly  firm  engaged  in  international  trade  will A. equate  average  to  local  costs. B. equate  marginal  costs  with  foreign  marginal  revenues. C. equate  marginal  costsà ‚  with  the  highest  price  the  market  will  bear. D. equate  marginal  costs  with  marginal  revenues  in  both  domestic  and  in foreign  markets. E. None  of  the  above.Answer:  D 9. Where  there  are  economies  of  scale,  the  scale  of  production  possible  in  a  country is  constrained  by A. the  size  of  the  country. B. the  size  of  the  trading  partner's  country. C. the  size  of  the  domestic  market. D. the  size  of  the  domestic  plus  the  foreign  market. E. None  of  the  above. Answer:  D Brown field : , Green field : 21. A  firm  in  monopolistic  competition A. earns  positive  monopoly  profits  because  each  sells  a  differentiated product. B. earns  positive  oligopoly  profits  because  each  firm  sells  a  differentiated product.C. earns  zero  econ omic  profits  because  it  is  in  perfectly  or  pure  competition. D. earns  zero  economic  profits  because  of  free  entry. E. None  of  the  above. Answer:  D 16. International  trade  based  on  scale  economies  is  likely  to  be  associated  with A. Ricardian  comparative  advantage. B. comparative  advantage  associated  with  Heckscher-Ohlin  factor- proportions. C. comparative  advantage  based  on  quality  and  service. D. comparative  advantage  based  on  diminishing  returns. E. None  of  the  above. Answer:  E ———————————————Ch7———————————————- . The  effective  rate  of  protection  measures A. the  Ã¢â‚¬Å"true†Ã‚  ad  valorum  v alue  of  a  tariff. B. the  quota  equivalent  value  of  a  tariff. C. the  efficiency  with  which  the  tariff  is  collected  at  the  customhouse. D. the  protection  given  by  the  tariff  to  domestic  value  added. E. None  of  the  above. Answer:  D 1. Specific  tariffs  are A. import  taxes  stated  in  specific  legal  statutes. B. import  taxes  calculated  as  a  fixed  charge  for  each  unit  of  imported  goods. C. import  taxes  calculated  as  a  fraction  of  the  value  of  the  imported  goods. D. the  same  as  import  quotas. E. None  of  the  above. Answer:  B . Ad  valorem  tariffs  are A. import  taxes  stated  in  ads  in  industry  publications. B. import  taxes  calculated  as  a  fixed  charge  for  each  unit  of  imported  goods. A. import  taxes  calculated  as  a  fraction  of  the  value  of  the  imported  goods. B. the  same  as  import  quotas C. None  of  the  above. Answer:  C The  main  redistribution  effect  of  a  tariff  is  the  transfer  of  income  from A. domestic  producers  to  domestic  buyers. B. domestic  buyers  to  domestic  producers. C. domestic  producers  to  domestic  government. D. domestic  government  to  domestic  consumers. E. None  of  the  above. Answer:  B 21.Which  of  the  following  policies  permits  a  specified  quantity  of  goods  to  be imported  at  one  tariff  rate  and  a  higher  tariff  rate  to  imports  above  this  quantity? A. Import  tariff B. Voluntary  exports  restraint C. Tariff  quota D. Ad  valorum  tariff E. None  of  the  above. Answer:  C 22. Should  the  home  country  be  Ã¢â‚¬Å"large†Ã‚  relative  to  its  trade  partners,  its  imposition  of a  tariff  on  imports  would  lead  to  an  increase  in  domestic  welfare  if  the  terms  of the  trade  rectangle  exceed  the  sum  of  the A. revenue  effect  plus  redistribution  effect. B. protective  effect  plus  revenue  effect. C. consumption  effect  plus  redistribution  effect.D. protective  distortion  effect  plus  consumption  distortion  effect. E. None  of  the  above. Answer:  D An import quota: Is always more costly to a country than an import tariff. Has the same effects on welfare as an import tariff. Generates rents that might go to foreigners. Is always less costly to a country than an import tariff. -> -> ? ? ——————————-Ch9————————————à ¢â‚¬â€Ã¢â‚¬â€- 27. The  imperfect  capital  market  justification  for  infant  industry  promotion A. Assumes  that  new  industries  will  tend  to  have  low  profits. B.Assumes  that  infant  industries  will  soon  mature. C. Assumes  that  infant  industries  will  be  in  products  of  comparative advantage. D. Assumes  that  banks  can  allocate  resources  efficiently. E. None  of  the  above. Answer:  A 2. Sophisticated  theoretical  arguments  supporting  import-substitution  policies include A. Terms  of  trade  effects. B. Scale  economy  arguments. C. Learning  curve  considerations. D. The  problem  of  appropriability. E. None  of  the  above. Answer:  D 14. Which  industrialization  policy  used  by  developing  countries  places  emphasis  on the  comparative  advantage  principle  as  a  guide  to  resource  allocation? A. Export  promotion.B. Import  substitution. C. International  commodity  agreements. D. Infant  Industry  promotion. E. None  of  the  above. Answer:  A 1. The  infant  industry  argument  was  an  important  theoretical  basis  for A. Neo-colonialist  theory  of  international  exploitation. B. Import  Ã¢â‚¬â€œÃ‚  substituting  industrialization. C. Historiography  of  the  industrial  revolution  in  Western  Europe. D. East-Asian  miracle. E. None  of  the  above. Answer:  B 6. The  wage  differential  theory  which  argued  that  shifting  resources  from  agriculture to  manufacturing  entailed  positive  social  benefits  implied  that A. Free  trade  policies  would  promote  competitiveness. B.Free  trade  policies  would  promote  economic  growth  for  both  static  and dynamic  reasons. C. Protectionism  was  likel y  to  lead  to  economic  stagnation. D. Protectionism  and  import  substitution  was  likely  to  promote  economic growth. Answer:  D 12. Which  trade  strategy  have  developing  countries  used  to  restrict  imports  of manufactured  goods  so  that  the  domestic  market  is  preserved  for  home  producers, who  thus  can  take  over  markets  already  established  in  the  country? A. International  commodity  agreement. B. Export  promotion. C. Multilateral  contract. D. Import  substitution. E. None  of  the  above. Answer:  D 18. Import  substitution  policies  make  use  ofA. Tariffs  that  discourage  goods  from  entering  a  country. B. Quotas  applied  to  goods  that  are  shipped  abroad. C. Production  subsidies  granted  to  industries  with  comparative  advantage. D. Tax  breaks  granted  to  i ndustries  with  comparative  advantage. E. None  of  the  above. Answer:  A 25. The  infant  industry  argument  is  that A. Comparative  advantage  is  irrelevant  to  economic  growth B. Developing  countries  have  a  comparative  advantage  in  agricultural  goods. C. Developing  countries  have  a  comparative  advantage  in  manufacturing. D. Developing  countries  have  a  potential  comparative  advantage  in manufacturing. E. None  of  the  above.Answer:  D 26. The  infant  industry  argument  calls  for  active  government  involvement A. Only  if  the  government  forecasts  are  accurate. B. Only  if  some  market  failure  can  be  identified. C. Only  if  the  industry  is  not  one  already  dominated  by  industrial  countries. D. Only  if  the  industry  has  a  high  value  added. E. None  of  t he  above. Answer:  B 30. Import  substitution  policies  have  over  time  tended  to  involve  all  but  the  following A. Overlapping  import  quotas. B. Exchange  controls. C. Domestic  content  rules. D. Simple  tariffs. E. Multiple  exchange  rate  schemes. Answer:  D 35. The  HPAE  (High  Performance  Asian  Economies)  countriesA. Have  all  consistently  supported  free  trade  policies. B. Have  all  consistently  maintained  import-substitution  policies. C. Have  all  consistently  maintained  non-biased  efficient  free  capital  markets . D. Have  all  maintained  openness  to  international  trade. E. None  of  the  above. Answer:  D ================================ch11========================== 1. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  incomeà ‚  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  Pakistan  and India  fall  under? A.Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Pakistan  and  India  fall  between  lower-middle  and  upper-middle Answer:  A 2. While  many  developing  countries  have  reformed  their  economies  in  order  to imitate  the  success  of  the  successful  industrial  economies,  the  process  remains incomplete  and  most  developing  countries  tend  to  be  characterized  by  all  of  the following  except: A. Seigniorage B. Control  of  capital  movements  by  limiting  foreign  exchange  transactions connected  with  trade  in  assets. C. Use  of  natural  resources  or  agricultural  commodities  as  an  important  share of  expo rts.D. A  worse  job  of  directing  savings  toward  their  most  efficient  investment uses. E. Reduced  corruption  and  poverty  due  to  limited  underground  markets. Answer:  E 4. Compared  with  industrialized  economies,  most  developing  countries  are  poor  in the  factors  of  production  essential  to  modern  industry:  These  factors  are A. capital  and  skilled  labor B. capital  and  unskilled  labor C. fertile  land  and  unskilled  labor D. fertile  land  and  skilled  labor E. water  and  capital Answer:  A 5. The  main  factors  that  discourage  investment  in  capital  and  skills  in  developing countries  are: A. olitical  instability,  insecure  property  rights B. political  instability,  insecure  property  rights,  misguided  economic  policies C. political  instability,  misguided  economicà ‚  policies D. political  instability E. insecure  property  rights,  misguided  economic  policies Answer:  B 6. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  sub-Saharan Africa  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E.Sub-Saharan  Africa  falls  between  lower-middle  and  upper-middle Answer:  A 7. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  mainland China  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income Answer:  B 8. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies.What  category  would  the  smaller Latin  American  and  Caribbean  countries  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Smaller  Latin  American  and  Caribbean  countries  fall  between  low  income and  lower  middle  income Answer:  D 9. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Saudi Arabia  falls  under? A. Low-income B.Upper  middle-  income C. High-income D. Lower  middle-income E. Saudi  Arabia  falls  between  low  income  and  lower  middle  income economies Answer:  B 10. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Turkey falls  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Turkey  falls  between  low  income  and  lower  middle  income  economiesAnswer:  B 11. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  uppe r middle-  income  and  high-income  economies. What  category  would  the  Poland, Hungary,  and  the  Czech  and  Slovak  Republics  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Poland,  Hungary,  and  the  Czech  and  Slovak  Republics  fall  between  low income  and  lower  middle  income  economies Answer:  B

Simple Pendulum Lab

The Simple Pendulum Objective and Background Objective: The Objective of this experiment is to examine the simple harmonic motion and to determine the value of the acceleration due to gravity from the analysis of the period of the simple pendulum. [1] Background: There are three equations that will be used to calculate the period of motion of the simple pendulum. They are the slope of the line of the graph of T? against L, and the gravity of the pendulum motion.The period of the motion is the time needed for one complete cycle that a pendulum bob swing from the initial position to the other end, and then back to the initial position. [1] The equation to calculate period is, T = 2? Lg Where, T = Period of the motion, measured in s. L = Length of the pendulum, measured in cm. g = Acceleration due to gravity, measured in m/s2. The slope of the line in the graph of T? against L can be used to determine the gravity of the pendulum motion. It is because, y = mx m = T? L= 4 g = Slope of the line in the graph T? /L. Therefore, to find the gravity of the pendulum motion, we can use the slope of the graph.The slope of the graph is given by the formula, g = 4 m g = Acceleration due to gravity, measured in m/s?. Procedure and Observations Materials: * String * Metre Stick * Stop watch * Stand * Pendulum bob Procedure: 1) Materials listed above were taken for the experiment. 2) The pendulum bob was tied tightly with the string. 3) The string with the pendulum bob was hung on the stand. ) A meter stick was used to measure the distance between the centre of mass of the bob and the top of the string. 5) The distance was recorded in the observation table. 6) The pendulum ball was held at a distance from the centre and it was released. 8) A stop watch was used to time the time needed to complete ten cycles. 9) The time was recorded in the observation table. 10) Steps 4-7 were repeated four more times with different lengths. Observations: L (m)| 10T (s)| 0. 185| 9. 01| 0. 39| 14. 13| 0. 595| 15. 04| 0. 79| 17. 58| 1| 19. 67|Diagram of the Pendulum Figure [ 1 ] Calculations and Results Method 1 – Graph of T2 vs. L Data collected L(m)| T2(s2)| 0. 18| 0. 81| 0. 39| 1. 99| 0. 59| 2. 37| 0. 79| 3. 09| 1| 3. 86| Hand drawn graph ?x ?y Figure [ 2 ] The slope can be determined by m=? x? y. So, by taking a value for x x = 0. 4 cm y must then be y = 1. 4 cm m= 1. 4 cm0. 4 cm m=3. 5 The error would be given by ?mm= ? x1x12+ ? x2x22 ?m= m 0. 051. 42+ 0. 050. 42 ?m= 3. 5 0. 051. 42+ 0. 050. 42 ?m=0. 45 The acceleration due to gravity is given by g=4? 2m g=4? 23. 5 g=4? 23. 5 g=11. m/s2 Calculating the error for g would yield ?gg= ? mm2 ?g= g 0. 453. 52 ?g= 11. 30. 453. 52 ?g= 1. 45 m/s2 g=11. 3 m/s2 Â ± 1. 45 m/s2 Solving for the percentage deviation would give % deviation= Actual value-Expected valueExpected value* 100% Expected value=9. 8 m/s2 % deviation= 11. 3 m/s2-9. 8 m/s29. 8 m/s2*100% % deviation= 11. 3 m/s2-9. 8 m/s29. 8 m/s2*100% % deviation= 15. 3% Me thod 2 – Linear Regression Excel graph Figure [ 3 ]The equation of the line is given by T2 = 3. 53L + 0. 33 Where m=3. 53 The acceleration due to gravity is given by =4? 2m g=4? 23. 53 g=4? 23. 53 g=11. 1 m/s2 Solving for the percentage deviation would give % deviation= Actual value-Expected valueExpected value* 100% Expected value=9. 8 m/s2 % deviation= 11. 1 m/s2-9. 8 m/s29. 8 m/s2*100% % deviation= 11. 1 m/s2-9. 8 m/s29. 8 m/s2*100% % deviation= 13. 2% Conclusion By comparing these two methods of calculating the acceleration due to gravity it is clearly noticeable that there is a difference between the two, when it comes to the accuracy. When calculating g using the hand drawn graph method it yielded =11. m/s2 Â ± 1. 45 m/s2. However, when using the linear regression method on excel, it yielded g=11. 1 m/s2. This is clearly closer to the expected value of 9. 8 m/s2. There are several reasons contributing to the conclusion that linear regression is more accurate, than meas uring calculating the slope off of a hand drawn graph. First of all, computers are much more accurate than humans. There is no denying the fact that humans are not perfect and no hand drawn graph will be as precise as a computer drawn graph.A ruler was being used, which may lead to believe that the line is perfectly straight, whereas it is actually not. This is clearly noticeable when one zooms in on a hand drawn graph. Another problem with the ruler is that no matter how hard one tries to measure the distance between two different points, one will never be able to get the exact distance. Computers however, Excel in this case, draw perfectly straight lines. Also the location of line of best fit line, in the hand drawn part of the experiment, was estimated, which obviously leads to an inaccurate result.Excel however, uses the calculation of linear regression to draw the line of best fit and this is extremely accurate, since the exact slope is being calculated by Excel. It is clear th at the method of linear regression is more accurate by looking at the percentage deviations for each method. The % deviation for the hand drawn graph yielded 15. 3%, whereas the percentage deviation for the linear regression method only was 13. 2% Even though the linear regression method was more accurate than the hand drawn method, there was still a pretty significant difference, between that value, namely g=11. m/s2, and the expected value of 9. 8 m/s2. This is due to a few sources of error when this experiment was conducted. One of the errors that contributed to this difference was that the length of the string was not exactly measured. Thus, the relation between the length and the period was wrong, leading to false results. Another reason that contributed to the inaccuracy was the fact that when the bob was not swinging the way it was supposed to. It was only supposed to have a linear motion, but it had a slight circular motion, which of course lead to a longer period.This again resulted in a wrong relation between the period and the length, leading to a wrong result. There was another major aspect to the experiment that lead to this result. Namely the fact one could not tell where the bob actually started its swinging motion exactly; therefore the exact period could not be measured with the stopwatch. It is evident however, that if these errors could have been avoided, the acceleration due to gravity could have been calculated very accurately using the method of linear regression. References [1] PCS 125 Laboratory Manual, 2008

Free Essays on Causes Of The American Civil War

The South, which was known as the Confederate States of America, seceded from the North, which was also known as the Union, for many different reasons. The reason they wanted to succeed was because there was four decades of great sectional conflict between the two. Between the North and South there were deep economic, social, and political differences. The South wanted to become an independent nation. There were many reasons why the South wanted to succeed but the main reason had to do with the North’s view on slavery. All of this was basically a different interpretation of the United States Constitution on both sides. In the end all of these disagreements on both sides led to the Civil War, in which the North won. There were a few reasons other then the slavery issue, that the South disagreed on and that persuaded them to succeed from the Union. Basically the North favored a loose interpretation of the United States Constitution. They wanted to grant the federal government increased powers. The South wanted to reserve all undefined powers to the individual states. The North also wanted internal improvements sponsored by the federal government. This was more roads, railroads, and canals. The South, on the other hand, did not want these projects to be done at all. Also the North wanted to develop a tariff. With a high tariff, it protected the Northern manufacturer. It was bad for the South because a high tariff would not let the south trade its cotton for foreign goods. The North also wanted a good banking and currency system and federal subsidies for shipping and internal improvements. The South felt these were discriminatory and that they favored Northern commercial interests. Now the main reason for the South’s secession was the Slavery issue. Basically the South wanted and needed it and the North did not want it at all. The South was going to do anything they co... Free Essays on Causes Of The American Civil War Free Essays on Causes Of The American Civil War The South, which was known as the Confederate States of America, seceded from the North, which was also known as the Union, for many different reasons. The reason they wanted to succeed was because there was four decades of great sectional conflict between the two. Between the North and South there were deep economic, social, and political differences. The South wanted to become an independent nation. There were many reasons why the South wanted to succeed but the main reason had to do with the North’s view on slavery. All of this was basically a different interpretation of the United States Constitution on both sides. In the end all of these disagreements on both sides led to the Civil War, in which the North won. There were a few reasons other then the slavery issue, that the South disagreed on and that persuaded them to succeed from the Union. Basically the North favored a loose interpretation of the United States Constitution. They wanted to grant the federal government increased powers. The South wanted to reserve all undefined powers to the individual states. The North also wanted internal improvements sponsored by the federal government. This was more roads, railroads, and canals. The South, on the other hand, did not want these projects to be done at all. Also the North wanted to develop a tariff. With a high tariff, it protected the Northern manufacturer. It was bad for the South because a high tariff would not let the south trade its cotton for foreign goods. The North also wanted a good banking and currency system and federal subsidies for shipping and internal improvements. The South felt these were discriminatory and that they favored Northern commercial interests. Now the main reason for the South’s secession was the Slavery issue. Basically the South wanted and needed it and the North did not want it at all. The South was going to do anything they co... Free Essays on Causes Of The American Civil War The South, which was known as the Confederate States of America, seceded from the North, which was also known as the Union, for many different reasons. The reason they wanted to succeed was because there was four decades of great sectional conflict between the two. Between the North and South there were deep economic, social, and political differences. The South wanted to become an independent nation. There were many reasons why the South wanted to succeed but the main reason had to do with the North’s view on slavery. All of this was basically a different interpretation of the United States Constitution on both sides. In the end all of these disagreements on both sides led to the Civil War, in which the North won. There were a few reasons other then the slavery issue, that the South disagreed on and that persuaded them to succeed from the Union. Basically the North favored a loose interpretation of the United States Constitution. They wanted to grant the federal government increased powers. The South wanted to reserve all undefined powers to the individual states. The North also wanted internal improvements sponsored by the federal government. This was more roads, railroads, and canals. The South, on the other hand, did not want these projects to be done at all. Also the North wanted to develop a tariff. With a high tariff, it protected the Northern manufacturer. It was bad for the South because a high tariff would not let the south trade its cotton for foreign goods. The North also wanted a good banking and currency system and federal subsidies for shipping and internal improvements. The South felt these were discriminatory and that they favored Northern commercial interests. Now the main reason for the South’s secession was the Slavery issue. Basically the South wanted and needed it and the North did not want it at all. The South was going to do anything they co...

Mendelian Genetics Essay Example

Mendelian Genetics Essay Example Mendelian Genetics Essay Mendelian Genetics Essay Mendelian Genetics * Pea plants have several advantages for genetics. * Pea plants are available in many varieties with distinct heritable features (characters) with different variants (traits). * Another advantage of peas is that Mendel had strict control over which plants mated with which. * Each pea plant has male (stamens) and female (carpal) sexual organs. * In nature, pea plants typically self-fertilize, fertilizing ova with their own sperm. * However, Mendel could also move pollen from one plant o another to cross-pollinate plants. * In a typical breeding experiment, Mendel would cross-pollinate (hybridize) two contrasting, true-breeding pea varieties. * The true-breeding parents are the P generation and their hybrid offspring are the F1 generation. * Mendel would then allow the F1 hybrids to self-pollinate to produce an F2 generation. * It was mainly Mendel’s quantitative analysis of F2 plants that revealed the two fundamental principles of heredity: the law of segrega tion and the law of independent assortment. 2. By the law of segregation, the two alleles for a characters are packaged into separate gametes * If the blending model were correct, the F1 hybrids from a cross between purple-flowered and white-flowered pea plants would have pale purple flowers. * Instead, the F1 hybrids all have purple flowers, just a purple as the purple-flowered parents. * When Mendel allowed the F1 plants to self-fertilize, the F2 generation included both purple-flowered and white-flowered plants. * The white trait, absent in the F1, reappeared in the F2. * Based on a large sample size, Mendel ecorded 705 purple-flowered F2 plants and 224 white-flowered F2 plants from the original cross. Vocab: * Character –heritable feature * Trait – each variant for a character * True-breeding – plants that self-pollinate all offspring are the same variety * Monohybrid cross – a cross that tracks the inheritance of a single character * P generation – (parental) true-breeding * F1- (first fili al) offspring of P generation * F2 – (second filial) offspring from F1 cross * Allele- alternate version of a gene * Dominate allele – expressed in the heterozygote Recessive allele – not expressed in the heterozygote * Homozygote – pair of identical alleles for a character * Homozygous dominant- BB * Homozygous recessive bb * Heterozygote – two different alleles for a character (Bb) * Genotype – genetic makeup * Phenotype – appearance of an organism Law of Segregation the two alleles for each character segregate during gamete production Law of Independent Assortment – Each set of alleles segregates independently Test cross – designed to reveal the genotype of an organism