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Concise Encyclopedia of Economics

Concise Encyclopedia of Economics
Harry Johnson, a Canadian, was one of the most active and prolific economists of all time. His main research was in the area of international trade, international finance, and monetary policy. One of Johnson's early articles on international trade showed that a country with monopoly power in some good could impose a tariff and be better off, even if other countries retaliated against the tariff. His proof was what is sometimes called a "possibility theorem"; it showed that such a tariff could improve the country's well-being, not that it was likely to. Johnson, realizing the difference between what could be and what is likely to be, was a strong believer in free trade. Related:  Vocabulary

Advertising Glossary -English for Specific Purposes Core Vocabulary This core vocabulary reference sheet provides key words and phrases for the advertising industry. This vocabulary can be used in English for specific purposes classes as a starting point for including vocabulary study relating to the advertising industry. Teachers are often not equipped with the exact English terminology required in very specific trade sectors. English for Specific Purposes Core Vocabulary Lists English for AdvertisingEnglish for Banking and StocksEnglish for Book Keeping and Financial AdministrationEnglish for Business and Commercial LettersEnglish for Human ResourcesEnglish for the Insurance IndustryEnglish for Legal PurposesEnglish for LogisticsEnglish for MarketingEnglish for Production and ManufacturingEnglish for Sales and Acquisitions

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Balance of Payments: The Concise Encyclopedia of Economics Few subjects in economics have caused so much confusion—and so much groundless fear—in the past four hundred years as the thought that a country might have a deficit in its balance of payments. This fear is groundless for two reasons: (1) there never is a deficit, and (2) it would not necessarily hurt anything if there was one. The balance-of-payments accounts of a country record the payments and receipts of the residents of the country in their transactions with residents of other countries. If all transactions are included, the payments and receipts of each country are, and must be, equal. Any apparent inequality simply leaves one country acquiring assets in the others. Although the totals of payments and receipts are necessarily equal, there will be inequalities—excesses of payments or receipts, called deficits or surpluses—in particular kinds of transactions. Many different definitions of the balance-of-payments deficit or surplus have been used in the past. About the Author

Stanford Encyclopedia of Philosophy Free Visual Dictionary & Thesaurus | Online Dictionary | Associated Words | Synonyms Dictionary at SnappyWords.com It’s an online interactive English dictionary and thesaurus that helps you find the meanings of words and draw connections to associated words. You can easily see the meaning of each by simply placing the mouse cursor over it. Why use Snappy Words visual dictionary? Easy to use dictionary and thesaurus. Learn how words associate in a visually interactive display. How do I use it? Type words in the search box and click Go or simply hit Enter. Place the mouse cursor over a word to view the meaning. What dictionary does Snappy Words use? The Snappy Words interface queries the WordNet lexical database developed by Princeton University and made available for students and language researchers. Useful Sites Another fun, free and interactive education application is the Madison Falls High School course which covers core high school subjects.

How to Improve your Vocabulary Improving your vocabulary in English - or any language - requires commitment. Writing long lists of new words is not really an efficient way to improve your vocabulary. The technics described in this article will help you improve your vocabulary, but you will need to dedicate yourself to researching and broadening your vocabulary. There are many ways to improve your vocabulary. Difficulty: Average Time Required: from 30 minutes to 3 or more hours Here's How: Vocabulary Trees Vocabulary trees help provide context. Tips: Use vocabulary learning methods to focus quickly on the vocabulary YOU need to study.Don't make random lists of new words.

BitcoinMania The key finding of the BoE’s report on cryptocurrencies is that the technology which supports digital currencies, the distributed open ledger — also known as the blockchain — may have a potential and positive use in the wider banking and asset business. This is contrary, however, to its position on the Bitcoin currency which it says in its current fixed supply form would expose the economy to significant deflationary risk if it was ever to be widely adopted by the public. Or as they put it: …the inability of the money supply to vary in response to demand would likely cause welfare-destroying volatility in prices and real activity. Read more Okay, we know, this is now our fourth post on the BoE’s foray into the world of cryptocurrencies. For example, who can resist this log scale chart of the computational power per address in the Bitcoin network? Read more The best thing about the report, however, is that it brings much needed clarity on the issue (and hierarchy) of the modern money system.

Encyclopedia of Mathematics PHRAS.IN - Say this or say that?

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