Cereality Essay Example | Topics and Well Written Essays - 250 words

Cereality - Essay Example (Cereality). Cereality-The Expansion Program At present the company is making plans to expand its business operations to a European market, Paris. The city of Paris is chosen for the next phase of expansion of the Cereality Company owing to the following reasons. Increased traffic of Tourists Large presence of Fast Food Corners Rendering a Cost Effective Approach favored by many Tourists Firstly, the city of Paris is becoming the home ground for many tourists who come attracted to the city on account of the reason that they would be able to visit a number of historic sites possessing magnificent architectures. These people do not feel the interest in spending their time over large meals. Rather they take to fast food as an option which helps them feel their appetite and at the same time helps saving time. (Naczelnik). Secondly, a visit conducted by us on Paris revealed that the city on account of the above reason has already become the home ground of many fast food corners and joints wherein the tourists relish the different flavors. A number of fast food concepts have cropped up in different parts of the city which include of Stands and Food Courts serving fast food to a large number of people visiting the city. One can easily trace the growth of fast food market in Paris while observing the different options like baked products and other bread food items like pastries and sandwiches composing the fast food sector.

grachi tiberius gaius rome Essay examples -- essays research papers f

THE GRACCHI Tiberius Sempronius Gracchus was bon in 163 B.C. and came from a distinguished family. His grandfather conquered Hannibal, his father brought the Celtiberian war successfully to a close, reduced Sardinia, and was elected consul for two terms and sensor for one. His mother Cornelia was a woman of wide-culture who employed Greek tutors to educate her sons, Tiberius and Gaius. Two tutors who influenced Tiberius at a young age were Diophanes, a teacher of oration and Blossius of Cumae, a philosopher. After taking part in the campaign of 146 BC, which ended with the destruction of Carthage, Tiberius was elected quaestor in 137. Travelling through Etruria, Tiberius saw large estates worked by slaves and noticed the absence of free peasants. It is said that Tiberius realized the need for reform while visiting this province on his way to Spain. There, Tiberius served in a war against Numantia under the consul Mancinus. After suffering numerous defeats in battle, Mancinus attempted to abandon camp. However the Numantines, realizing what was happening seized the camp before they could escape. Tiberius saved the Roman army from slaughter by securing a treaty with the Spaniards. When they returned to Rome, Tiberius was seen as a saviour and blame was placed on the incompetent generals who were handed back to the Spaniards for execution. Tiberius himself escaped judgement by the skin of his teeth. According to Plutarch, ‘It would seem†¦that Scipio, who was then the greatest and most influential man at Rome helped to save them’ (1988, 159) There are a number of dominant motives for Gracchus’ want for reform. His knowledge of Greek political thought and practices allowed him to understand the needs and potential of the state, the Spanish campaign, slave revolts in Sicily, the increase in Rome’s unemployment rate and the impact the changing economy had on the republic. It doubtful that only one of these fuelled Gracchus’ desires for change, it is more likely a combination of many or all. When Tiberius began to speak out in politics he did not do so alone. He was backed by his father-in-law Appius Claudius Pulcher, who was Princeps Senatus and two others, Pontifex Mucius Scaevola and Pontifex licinius Crassus Mucianus. IN 133 Tiberius Gracchus was elected tribune. He proposed a ‘lex agraria’ which would make land owned by the state available for distribution ... ...ople. During Gaius’ visit to Junonia to oversee the construction effort, rumours were spread in Rome by his opponents of the delay and failure of his new colony. Through these rumours, Gaius lost favour with the people. This can be seen due to his failure to get re-elected for a third tribunate in 121. As tribune Minucius Rufus proposed to repeal one of Gaius’ bills, he gathered support. In a minor disturbance, a servant of consul Opimius was killed. The senate was forced to pass a resolution that consuls should see to it that the Republic came to no harm. Opimius summoned to arms senators and equites against Gaius and Flaccus who had occupied the Aventine hill. After failed negotiations they and their supporters were defeated and killed. It is said that the weight of their heads in gold was to be awarded to the man who brought Opimius the heads of Gaius and Flaccus. Once again political differences in Rome resulted in bloodshed and brought an end to the remaining Gracchi. BIBLIOGRAPHY H.H. Scullard, From the Gracchi to Nero 2003 Routledge, London Plutarch, Roman Lives 1988 Penguin E.S. Shuckburgh, History of Rome 1896 Macmillan & Co. Ltd, London

Modernism in the Great Gatesby Essay

1. The Roots of Modernism the word ‘modern’ is used to refer to contemporan object or subject matters.In the history of art, however, the term ‘modern’ is used to refer to a period dating from roughly the 1860s through the 1970s and describes the style and ideology of art produced during that era.The term ‘modernism’ is also used to refer to the art of the modern period. More specifically, ‘modernism’ can be thought of as referring to the philosophy of modern art. The roots of modernism lie much deeper in history than the middle of the 19th century. For historians, the modern period actually begins in the sixteenth century, initiating what is called the Early Modern Period, which extends up to the 18th century. The intellectual underpinnings of modernism emerge during the Renaissance period when, through the study of the art, poetry, philosophy, and science of ancient Greece and Rome, humanists revived the notion that man, rather than God, is the measure of all things.In retrospect, we can recognize in Renaissance humanism an expression of that modernist confidence in the potential of humans to shape their own individual destinies and the future of the world. In the 18th century, the Enlightenment saw the intellectual maturation of the humanist belief in â€Å"reason† as the primary guiding principle in the affairs of humans. Through reason, the mind achieved enlightenment, and for the enlightened mind, a whole new and exciting world opened up. The Enlightenment was an intellectual movement for which the most immediate stimulus was the so-called Scientific Revolution of the 16th and 17th-centuries, when men like Galileo Galilei, through the application of reason to the study of the natural world had made spectacular scientific discoveries in which were revealed various scientific truths. Enlightenment thinking believed that reason allowed access to truth, and knowledge of the truth would give birth to better humankind. The vision that began to take shape in the 18th century was of a new world, a better world. It is in the ideals of the Enlightenment that the roots of Modernism, and the new role of art and the artist, are to be found. Simply put, the overarching goal of Modernism, of modern art, has been the creation of a better society. 2.modernist ideology and principles From its roots,modernism as a 20th century philosophical and artistic movement portrayed the world of men as harsh,in which life had lost its meaning.Men and women in this context were isolated from each other, struggling to survive alone. individual dreams became futile, superficial and unrealistic.To talk about modernist philosophy is to talk about its principle and its caracteristics. Roughly speaking,modernists taught that life lost its meaning.Traditional concepts such as religion, patriotism and financial success was no longer valid.This nihilistic attitude ressults from the cahotic situation and the horor of the post world war I , social problems such as povrety , racism and injustice.On the other hand, the advance in new siences such as psychology and technology put an end to the myster of human existence and depicts human life as meaningless without any religious desire .The lack of religion naked human life from rules and moral bihaviour, which results in a world of a moral waste land in which immediate and personal desires took the priority over redemption and moral values.The lost of moral values comes also to suggests the materialistic attitude of modern society and characterises human desires with selfishness in wich even human beings became viewed as commodities. Related to this context ,as far as literature is concerned , modernists viewed the writer as a denouncer of the 20th society’s corruption.In fact , writers at this period of time were muchly conserned in questionning the established moral values of society and advoquate to them selfs the mission that religion failed to fulfil Ie. awaring , redumting human being . This statements can be illustrated by TS.Eliots The Waste Land in which the poet invites the reader to help him in his redumpting mission of the 20th century society.By the way,writings such as The Waste Land not only stands to dininciate corruption,but also call for positive changes in the life of human beings. While Eliot’s The Waste Land stands merely for a religious representation of society at that time , other written arts inclined their intention much more on the social interaction between individuals and their personal consideration towards the others,all this related to a corrupted false consiousness or idelogy.This would be the keys of The Great Gatesby by scott fejeral that i will try to explore and portraits its modernists charecteristics in the two next parts of this researsh. 3.Modernists characteristics in The great gatesby The charecteristics of a work of art can be either related to the content or to the form .We shall therefore explore the two different components of the novel to get a complete and objective results.in this perspective,Dealing with the context means to deal with the ideology of the writer within the novel and its belonging to the Mdernist field.Dealing with the the form means to take into consideration the technique of writing used in the novel and to see to what extent they are of a modernist origin. 3.1 modernism in the content of The Great Gatesby As we have seen previously,Modern art comes to denounce the dehumanisation of society in the 20th century.this statement is clearely relevant troughout the different characters and the themes of the novel. In the novel,People are murdered, the main character Gatesby is involved in illegal activities,the overall atmosphere of the novel is gloomy. The novel also shows the insignificance of ‘man’ by allowing the main character to be killed without any care or remorse from the rest of the characters . The novel also deals with brutality and ingsignificance of human life. this can be seen when Daisy hits Myrtle but doesn’t stop the car. 3.1.1 commodification and materialism Insignificance and commodification of men is shown through wealth . Gatsby purshases new money only to impress Daisy in order to win her back.Within this contect,dasy is seen as an object that could be selled or bought by means of wealth.On the other hand, Dasy’s acceptence of the perles makes her like Gatesby.In other words , just like she is seen as a commodity by the other characters , she as well commodifies the others for her own benefits.Generally speaking, from a modernist perspective , this comes to reflect the selfishnes of humans in the 20th century.More accuratelly, from a marxist perspective,this come to illustrate the negative influence of modern capitalist system over the ideolofy of human beings. As far as the theme of capitalism is concerned , Nick introduces the novel describing things that are manufactured, advertised and consumed which is a clear depiction of the new economy (the modern capitalism).At the same time, these are in many cases also metaphors of the new materialistic mental landscapes of the ‘Jazz Age’, which the novel seeks to document. This need for the new was strong in the character of Myrtle Wilson who had her modern apartment as an attempt to turn herself into a ‘Daisy’ like modern society lady by immitating what she had read in the â€Å"town tattle† (p29) and gossip novels. This is reflected in her party mannerisms , her behaviour, her pet dog, her manufactured furniture and rugs with tapestry of â€Å"Versailles† (p31). it seems that all the characters in the novel are in need to fufil a desire.Desires in the novel are either materialistic or they commodifies persons which portraits the inhumanity of the 20th century. 3.1.2 honesty and betrayal The novel investigates the theme of honesty in a new modern way which is lacking in the characters of The Great Gatsby ,including Jordan who cheats at golf.Within this context , New York City comes to be depicted as a symbol of what America has become in the 1920’s, a place where money is made throught bootleging and corruption. Within this context,even if Gatesby dream depicts a hope for a better life , which is a principle of a modernist nature, the way in which Gatesby chooses to fulfil his dream is a corrupted one.This point comes to suggests the end of the American dream.From a more global perception , it calls for the end of human dreams , which is the way in which modernists depicts 20th century’s life.

Salvador Dali Research Paper - 2486 Words

Salvador Dali Salvador Dali was born on May 11, 1904 in a small town called Figueres in Spain near the Pyrenees Mountains. This town was also near the French border in the principality of Catalonia. Dali was from a rich family and his parents built his first studio for him when he was only a young boy. He spent his summers in Cadaques where his studio was and he lived most of his adult life in an extraordinary villa near Port Lligat. When Dali was just a young man when he went to the Royal Academy of Fine Art. In 1922, Dali moved to the students’ residence in Madrid and studied Fine Arts at the San Fernando Academy. Dali got a lot of attention because of his eccentric behavior and look. He had long hair and sideburns and wore a†¦show more content†¦Dali’s museum in Florida Reynolds Morse and his wife Eleanor who were both Dali collectors founded the museum in Florida, St. Petersburg in 1971. It hosts 95 oil paintings and 18 of Dali’s historical large-sized paintings. One of Dali’s famous paintings was ‘The last Supper’ in which he combined ideas of science and religion. This work shows Dali’s desire to become classic in that he is adhering to the rules of divine proportion. ‘The Last Supper’ Dali’s museum in Figueres, Spain When he was fourteen years old, it had shown his first public exhibition in the former Theatro Museo. Ever since 1970, Dali worked hard and dedicated all his energy to transform the former Municipal Theatre into a museum and art gallery. In 1974, the Theatro Museo Dali was officially opened. Some of the paintings displayed there include 1925, The Smiling Venus, Barcelona Mannequin 1926, Rotting Bird, Galarina and many more. Portrait of my sister Later years in Catalonia From 1949 and onwards, Dali spent his time in Catalonia. Other artists criticized Dali for moving back to Spain when it was still ruled by Franco. As a result, his later works after that time were probably dismissed by some surrealists and art critics and this was related mainly to politics rather than artistic talent. In 1959, an exhibit was organized by Andre Breton called ‘Homage to Surrealism’ and this was celebrating the 40th anniversary of Surrealism. It contained works by Dali, Joan Miro,Show MoreRelatedSalvador Dali Research Paper1116 Words   |  5 PagesPlourde 9 April 2013, Spring Qtr 2013 5 Page Research Paper Salvador Dali Biography Salvador Dali was a pioneer. Few pages are not enough to tell the story of an eccentric, hardworking, disturbed and misunderstood master. Born in Figueras, Spain on May 11, 1904 near France into a middle class family. Childhood was turbulent, difficult, and abusive. Raised full of indulgences by his mother that resulted in the known eccentricities he had. (Dali, Secret Life, 115). Bright, extreme intelligentRead MoreSalvador Dali s Work For Inspiration1508 Words   |  7 Pages Salvador Dali is a 20th century artist from Spain and he is known for having the technique ‘surrealism’. Surrealism is described to be an â€Å"anti-art† and surfaced in between the World Wars. The art form in surrealism looks abstract as images come from the artists’ subconscious mind and later transferred to a blank piece of canvas. Besides being a renowned painter, Salvador Dali was also involved in film, fashion, sculpture, and photography. His legacy continued on as modern art ists seek Dali’s workRead MoreSurrealism Essay957 Words   |  4 Pagesartists to use their â€Å"unconscious mind for inspiration.† Surrealist artists often used dream imagery. They created images that viewers would not need rational thought to understand. There were two main styles of surrealist paintings. 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The class of subject matter chosen by the artist and their mode of visualizing it are dependent upon tradition and are similarRead MoreConversion Of 2d Image Into 3d Image Using Segmentation2096 Words   |  9 Pages3D image and plot of disparity map. A quick summary of the paper is as follows: In Section I, a brief introduction to the paper is given. Section II comprises of literature survey. Section III describes the PSO algorithm in detail. Section IV gives the results of reconstructed 3-dimensional image and disparity levels. Section V gives details about the conclusion. II. LITERATURE SURVEY Stereo matching continues to be an active research area as it is proven by a large number of recent publicationsRead MoreLucid Dreams : A Lucid Dream2230 Words   |  9 Pagesa dream, and thus become aware. By using his techniques, Dr. Tholey was able to test several hypotheses concerning the content of dreams and the eye movements that occur during the dreams. Tholey continued his experiments, and in 1989 published research in which he had investigated the cognitive tasks that characters in a lucid dream could perform (Tholey 567). Tholey’s idea was not that the dream characters themselves were independent of the dreamer, but that they came from parts of the brain ofRead More Art, Surrealism, and the Grotesque Essay4657 Words   |  19 Pagesaspects of expressionistic language play and became the source of artistic form and content. Breton proposed a freedom from rationality, from logic, from the inhibitions of grammar and morality. Those of us familiar with the works of Salvador Dali (1904- 1989), perhaps the most famous of the surrealist painters, and certainly the most long-lived, are aware of the grotesque shapes that pervade his dream scapes: The head of his wife, Gala, unravelling, hollow; or the dripping time-piecesRead MoreA Grand Chain Of Rebellion First Beginning Of The Renaissance Era2674 Words   |  11 Pagesand technological advancements such as the discovery and exploration of new continents, the adoption of Copernicus’s and Galileo’s views of the earth and solar system, the decline of the feudal system, the growth of commerce, and the invention of paper, printing press, the mariner’s compass, and gunpowder. The characteristics of Renaissance were first noticeable in Italy in late 14th and early 15th century during which new ideas about political order and a heightened consciousness of the artistRead MoreEssay about Summary of History of Graphic Design by Meggs14945 Words   |  60 PagesDemotic Script, and Greek. The major deciphering of the stone was done by Jean-Francois Champollion. - As hieroglyphics presented more opportunities than cuneiform, the language was used for commercial documents, poetry, myths, etc†¦ - Papyrus paper was a major step forward in Egyptian visual communication. - The Egyptians were the first people to produce illustrated manuscripts in which words and pictures were combined to communicate information. - Eventually, Papyrus was used for funerary

When Karl Freund’S The Mummy (1932) Was Released, The Horror

When Karl Freund’s The Mummy (1932) was released, the horror genre was already ingrained by Universal Studios and other American studios. The 1930s are considered the beginning of the horror genre’s classic phase. Horror films â€Å"primarily engages us affectively and viscerally-its aim seems to be to scare and disgust us, to raise the hair on the back of our necks or make us cover our eyes†. The horror film of the studios years gives physical shape and specific presence to metaphysical, notions of spirit or moral evil. The Mummy embodies our personal fears and social fears on a larger scale. Death and damnation are central to The Mummy. The star of The Mummy is Imhotep/Ardath Bey played by Boris Karloff. Imhotep (a high Egyptian priest)†¦show more content†¦In the 1930s it was Universal who pioneered the horror film as a low-cost studio genre. Universal Studios and Rise of Horror Films Universal’s origin can be traced back to 1906 when Carl Laemmle gave up his post as a bookkeeper and used his savings to buy and operate a nickelodeon in Chicago. Universal was one of the eight large companies who dominated the industry, though they were not one of the â€Å"majors.† To be a â€Å"major†, a company had to be vertically integrated, owning a theater chain and having an international distribution operation. The five majors Paramount, MGM, 20th Century Fox, Warner Brothers, and RKO dominated the industry. Universal had constant money problems, however, was still successful during the Great Depression of the 1930s. In 1931 Universal released Dracula starring Bela Lugosi and directed by Tod Browning, which a huge success and initiated the horror cycle. Universal also released another successful film Frankenstein (1931) starting Boris Karloff. The follow up to Dracula and Frankenstein was an even greater success, and Universal now looked for another success that would use its new star, Boris Karloff. This new success would be The Mummy (1932). The Filming History of The Mummy The Mummy was filmed during the Great Depression. The financial collapse came against the background of an already

An Article From The Claremont Institute Recovering The...

This is a critique of an article from the Claremont Institute Recovering the American Idea, A Golf Story, By: Thomas D. Klingenstein, Posted: April 17, 2011, this article appeared in: Vol. XI, Numbers 1 2 - Winter/Spring 2010/11. Barry Mills, the president of Bowdoin College, in his assembly address raised an imperative worry, he said, various parents are unwilling to send their kids to Bowdoin or to its sister schools in light of the fact that they are seen to be excessively liberal, and too withdrawn with standard America. To do this he recounted a golf anecdote about the article s writer. The article’s writer defends himself against statements he says he never said. The writer according to Mills states, I would never support†¦show more content†¦In general, he took Mill s golf story to be a withdrawal of his expressed longing to expand the differing qualities of perspectives on grounds. Expressing that Mills continued in this withdrawing manner all through his loc ation: first saying that the absence of assorted qualities of perspectives on grounds is an issue, then actually presuming that it wasn t generally an issue all things considered. The author points out that Mill’s admits that Bowdoin is a liberal school, and that they need more diversity however the author does not think Mills has an answer to the problem pointing out more contradictions that Mr. Mills makes. The author then empowers Mills and the Bowdoin family to consider important their objective of expanding the assorted qualities of perspectives on grounds. The writer’s fundamental purpose of this article was that Mills doesn t have the response to the absence of scholarly assorted qualities at Bowdoin. The writer contended that there was insufficient celebration of our regular American personality. He contended against ideological consistency, on the grounds that it deprived students of the intellectual diversity for the advancement of critical thinking. He contends that Bowdoin has various courses that deal with some group aspect of America, yet for all intents and purposes none that deals with America all in all. That the school concentrates on social or social history that takes a gander at the world through theShow MoreRelatedProject Mgmt296381 Words   |  1186 Pagesleadership. His research and consulting activities focus on project management. He has published numerous articles on matrix management, product development, and project partnering. He has been honored with teaching awards from both the Oregon State University MBA program and the University of Oregon Executive MBA program. He has been a member of the Portland, Oregon, chapter of the Project Management Institute since 1984. In 1995 he worked as a Fulbright scholar with faculty at the Krakow Academy of Economics

Econ-545 Week 6 Quiz Free Essays

| 1. | Question: | (TCO F) The size of the labor force in a community is 1,000, and 850 of these folks are gainfully employed. In this community, 50 people over the age of 16 do not have a job and are not looking for work. We will write a custom essay sample on Econ-545 Week 6 Quiz or any similar topic only for you Order Now In addition, 80 people in the community are under the age of 16. The unemployment rate is ______. | | | Student Answer:|   | Unemployment rate=unemployed/labor force*100 150/1000*100=15% 1000-850=150 (number of people unemployed) then divided by total labor force divided by 100|   | Instructor Explanation:| The unemployment rate is calculated by dividing the number of unemployed by the labor force. The labor force is calculated by subtracting three things from the population (# under 16, # of institutionalized adults, and # not looking for work). In this example,  you are given the size of the labor force (1,000), and you are also told that 850 are employed. Therefore, 150 are unemployed, and the  unemployment rate is simply 150/1,000 or 15%. | | | | Points Received:| 15 of 15| | Comments:| | | | | | | 2. | Question: | (TCO F) Suppose  nominal GDP  in 2005 was $15 trillion, and in 2006 it was $16 trillion. The general price index in 2005 was 100, and in 2006 it was 103. Between 2005 and 2006,  real GDP  rose by what percent? | | | Student Answer:|   | Nominal GDP and REAL GDP must be equal in the base year. 2005 15tr, price index = 100 since nominal and real GDP must be equal in the base year 15tr/1. 03=16. 56tr(16. 56-16. 00)/16. 00=4% or 3. 5%|   | Instructor Explanation:| You need to make use of the inflation formula for the GDP deflator here and compare results between the two years. For 2005: 100 = [$15 T / Real GDP] x 100 So, Real GDP must equal $15 T. You could also recognize that Real GDP and nominal GDP are the same in the base year. For 2006: 103 = [$16 T / Real GDP] x 100 1. 03 = [$16 T / Real GDP] Real GDP = $16 T / 1. 03 So, Real GDP must equal $15. 534 T. The percentage increase in Real GDP will then be [(15. 534 – 15) / 15] x 100 = (0. 534 / 15) x 100 = 3. 56%  Therefore Real GDP increases by 3. 56% between 2005 and 2006. | | | | Points Received:| 19 of 20| | Comments:| | | | | | | 3. | Question: | (TCO F) The consumer price index was 198. 3 in January of 2006, and it was 202. 4 in January of 2007. Therefore, the rate of inflation in 2006 was about ______. | | | Student Answer:|   | 202. -198. 3=4. 1 4. 1/198. 3=. 02067 or 2. 07%|   | Instructor Explanation:| The rate of inflation is the rate of change of the inflation indicator, or more specifically: [(New Price Index – Old Price Index) / (Old Price Index)] x 100 In this case this equals, [(202. 4 – 198. 3) / 198. 3] x 100 = (4. 1 / 198. 3) x 100 = 2. 07% or approximately 2%. | | | | Points Received:| 15 of 15| | Comments:| | | | | | | 4. | Question: | (TCO E) (10 points) As the U. S. dollar appreciates in value relative to the Japanese Yen, what happens to the price of U. S. goods in Japan? What happens to the price of Japanese goods in the U. S.? (10 points) Why would a country (for example China) choose to keep their currency relatively pegged to the U. S. dollar? If the U. S. dollar were to appreciate considerably against most currencies, what would be the effect on Chinese exports to countries other than the U. S.? | | | Student Answer:|   | the price of goods in Japan start going up. the price Japanese goods in US start going down. China keeps its currency pegged in order to sell their goods for a cheaper price in the US and to make the US market dependent on their product. If dollar appreciate it will drag China’s currency with it,in other words reducing China’ export. |   | Instructor Explanation:| When a country’s currency appreciates, it becomes more valuable versus the other currency we’re comparing against. So, in this case, it would take fewer dollars  to purchase the same amount of Japanese Yen, U. S. goods become more expe nsive to Japanese buyers, and Japanese goods become cheaper to U. S. buyers. A country such as China might choose to peg their currency to the U. S. dollar to keep prices stable for a key  trading partner like the U. S. If the U. S. dollar would appreciate considerably against most  currencies, this would not affect China trade with the U. S. , but  Chinese goods would become more expensive to their other trading partners, and could cause Chinese exports to these other markets to decrease. | | | | Points Received:| 17 of 20| | Comments:| | | | | | | 5. | Question: | (TCO E) Suppose the Indian rupee price of one  British pound is 54. 392 rupees for each pound. A hotel room in London costs 120 pounds, while a similar hotel room in New Delhi costs 6,500 Indian rupees. In which city is the hotel room cheaper, and by how much? | | | Student Answer:|   | London hotel room 120 pound or 6527 rupee (120*54. 392) India hotel room 119. 50 pounds (6500/54. 392) or 6500 rupee the hotel room is cheaper in India for . 50 cent in pound or 27 rupees|   | Instructor Explanation:| Since the exchange rate is 1  pound = 54. 392 Indian rupees, we can convert the price of the hotel room in London to Indian rupees and then be able to compare. 120 pounds = rupees(120 x 54. 392) = 6,527 rupees. Since the hotel room in New Delhi  costs 6,500 rupees, it must be that the hotel room costs 27 rupees  more in London than in New Delhi. | | | | Points Received:| 15 of 15| | Comments:| | | | | | | 6. Question: | (TCO E) Answer the next question on the basis of the following production possibilities data for Egypt and Greece:   Egypt production possibilities: A  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  B  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  C  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  D  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  E Shirts  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   0  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   3  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  6  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  9  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  12 Pants  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   24  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  18  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   12     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚        6  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  0 Greece production possibilities: A  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  B  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  C  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  D  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  E Shirts  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  40  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  30  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   20  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  10  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   0 Pants  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   0  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚   40  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   80  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  120  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  160 Refer to the above data. What would be feasible terms of trade between Egypt and Greece? | | | Student Answer:|   | terms of trade between 2 countries lie somewhere between the opportunity costs in the 2 countries. in this case Egypt 1 shirt= 2 pants and in Greece case 1 shirt=4 pants, so the only feasible term of trade bet ween the 2 countries would be anywhere in between these limits anything between 2 and 4 shirts and pants would work. t any terms of trade higher or lower than 2 or 4 pants per shirt , one of the countries would be able to do better than the terms of trade simply by trading off resources in their own country. |   | Instructor Explanation:| Feasible terms of trade between 2 countries lie somewhere between the opportunity costs in the 2 countries. In this case, in Egypt —   1 Shirt = 2 Pants, and in Greece — 1 Shirt = 4 Pants. So,  the only feasible terms of trade between the 2 countries would be anywhere in between these limits  Ã¢â‚¬â€ anything between 2 and 4 Pants per Shirts would work. At any terms of trade higher or lower than  2 to 4 Pants per Shirts, one of the countries would be able to do better than the terms of trade simply by trading off resources in their own country. | | | | Points Received:| 20 of 20| | Comments:| | | | | | | 7. | Question: | (TCO F) The Republic of Republic produces two goods/services, fish (F) and chips (C). In 2006, the 1000 units of F produced sold for $8 per unit and the 5000 units of C produced sold for $1 per unit. In 2007, the 1500 units of F produced sold for $10 per unit, and the 6,000 units of C produced sold for $2 per unit. Calculate Real GDP for 2007, assuming that 2006 is the base year. | | | Student Answer:|   | base year 2006 1,000 units of fish at 8/unit =8,000 5,000 units of chips at 1/unit =5,000 GDP=13,000 2007 1,500 units of fish at 10/unit-15,000 6,000 units of chips at 2/ units at 2/unit =12000 GDP =27,000 Real GDP with 2006 as the base year 1500 units of fish at 8/unit =12,000 6,000 unit chips at 1/unit = 6,000 Real GDP =18,000 18,000-13,000/18,000 GDP grew by 28%|   | Instructor Explanation:| For 2006, Nomimal GDP  = ($8 x 1000) + ($1 x 5000) = $13,000. Real GDP for 2006 would be the same ($13,000). For 2007, Nominal GDP = ($10 x 1500) + ($2 x 6000) = $27,000. Real GDP for 2007 would be ($8 x 1500) + ($1 x 6000) = $18,000. That is, when calculating real GDP for a given year you use the production numbers for that year and the prices from the base  year. | | | | Points Received:| 12 of 15| | Comments:| | | | | | | 8. | Question: | (TCO F)  Country A  produces two goods,  elephants  and  saddles. In the year  2006, the  10 units of elephants produced sold for $2,000 per unit and the  25 units of  saddles produced sold for $200 per unit. In 2007, the  20 units of  elephants produced sold for $3,000 per unit, and the 50 units of  saddles produced sold for $300 per unit. Real GDP for 2007, assuming that  2006 is the base year, is ______. | | | Student Answer:|   | base year 2006 10 units at 2000 per unit =20,000 25 saddles at 200=5000 GDP=25,000 2007 20 units at 3,000 per unit =6,000 50 saddles at 300=15000 GDP=21,000 real GDP with 2006 as the base year 20 units of elephants at 3000 = 60000 for 50 units of saddles at 25 =1250 real GDP 61250 61250-21000/61250 real GDP grew by 65%.   | Instructor Explanation:| Real GDP is calculated for a given year by using the quantities produced in that year and substituting the base year prices. In this example we get: 20 ($2,000) +  50 ($200) = $40,000 + $10,000 = $50,000. | | | | Points Received:| 12 of 15| | Comments:| | | | | | | 9. | Question: | (TCO E) A Honda Accord sells for $28,000 in the United States and for SF35,520 in Switzerland. Given an exchange rate of SF1. 5 = $1, how do the car prices of both countries compare? | | | Student Answer:|   | with an exchange rate of SF1. 25=$1 28,000*1. 25=35,000 SF price is 35,520 the car sells for SF520 more in Switzerland that it does in the US. |   | Instructor Explanation:| At an exchange rate of $1 = SF1. 25: $28,000 would equal   (1. 25 x 28,000) Swiss Francs = SF35,000, meaning that the car sells for SF520 more in Switzerland than it does in the U. S. Points 15 of 15| | | | | | | How to cite Econ-545 Week 6 Quiz, Papers