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1. Species that have reached the extinction threshold and are on the verge of extinction - beluga whales, African elephants, mountain gorillas and the California condor might be classified as nonrenewable resources and once they disappear, there will be no regeneration. Does the market create appropriate incentives to ensure that extinction will not occur? If yes explain. If no, what can be done to ensure that extinction will not occur?
2. Oil is an exhaustible resource. The Organization of Petroleum Exporting Countries (OPEC) is a group of oil producing countries that had formed a cartel for the supply of oil
A) Which countries are involved in the cartel?
B) Explain how the cartel works.
C) What are the implications of oil production by non-OPEC members on the effectiveness of the cartel
D) Can the cartel lead to efficient extraction of oil? Explain
E) How does the cartel affect the marginal user cost?
F) Can OPEC be used as a good example of the extraction of an exhaustible resource? Explain
Bill Rate : Bill rate may also be either bill buying rate or bill selling rate. Let us discuss them in detail. i) Bill Buying Rate: This rate is applied when a foreign bill is p
INTRODUCTION : You have learnt in Unit 11 the process, procedures and documentation formalities in preparing goods for exports as well as movement of goods from the inland product
OBJECTIVES After studying this unit, you should be able to : 1. describe the need of cargo insurance in international business; 2. explain various kind of perils covered
Explain the steps involved in a research process.
Freudian theory: _ The idea that much of human behaviour stems from a fundamental conflict between a person's desire to gratify his/her physical needs and the necessity to func
Culture is learned through the following three ways: 1. Formal learning : Parents as well as elders teach children the proper way to behave. For example you have been taugh
Regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residualuestion #Minimum 100 words accepted#
Explain a production procesq
Export of Gifts: Goods including edible items of value not exceeding Rs. 15.000 in a licensing year may be exported as a gift. However, items in the Negative List of Exports shall
Rate of Interest: The interest payable on pre-shipment finance is usually lower than the normal rate, provided the credit is extinguished by lodging the export bills on remittance
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