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This provision made it possible for the Homo sapiens to discover new activities such as hunting and gathering to cater for their basic needs. This also allowed for opportunities to develop speech in communicating. In contrast, the Neanderthals were set back by the fast growth rates (Clive, 80).
U.S. and Dutch economists attribute the unlocking of trading experiences of the modern humans as a consequence for the extinction of the Neanderthals. An advantage to the modern man was the slow developmental cycles of the brain that enabled him to adapt favorably to the environment. The Neanderthals’ slow development slowed their advantages of engaging in activities such as hunting and gathering to cater for their needs as well as trading with other Neanderthals. Specialization was only an advantage to the humans and this method was not applicable to their cousins (Jon
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Yield Curve. Yield Curve The yield curve is defined as a “graph that plots the yields of similar-quality bonds against their maturities, ranging from shortest to longest” (Investing Answers, 2011, par. 1). From the Bloomberg website, the yield curve as of 8 April 2011 is depicted below: Source: Bloomberg, 2011 Using the yield curve, today’s financial marketplace expects interest rates to remain steady over the near future with short term yields generating lower returns than long term yields.
In 2002, the horror film written and directed by Paul W.S. Anderson made a huge success in the big screen which further opened avenues for more successful sequels of the movie. The film progressed following the life of Alice, an amnesiac heroine, of whom one day unknowingly woke up in the band of a secret underground facility of the Umbrella Corporation.
If the global demand for crude oil increases, its price also rises. This means that the acquisition of the raw material used in the manufacture of gasoline will cost more than usual, and the effect of this will be an increase in gasoline prices. The processing of crude oil is done through the refinery after which the product is transported to a terminal where it is delivered directly to the retail location or sold to wholesaler.
In the study of economics, it has been stated that the most important economic problem of any country in the current world is the problem of ‘choice and scarcity.’ At this juncture, when the population level of mankind is growing at an increasing rate, the resources available for the production of various goods and services are limited.
Opportunity cost here measures how much an additional unit of one good cost in units forgone of the other good. The curve illustrates that increasing production of one good reduces maximum production of the other good as resources are transferred away from the other good (Wikipedia, 2008).
With the ongoing war, there have been a number of effects which have impacted on the lives of the citizens negatively.
Farms have been destroyed in the war, the crop included and this has seen the doubling in the prices of food. The unaffordability has
The graph also shows that there are limitations to the production of goods and services, so that an economy, must decide on the best combination of goods and services to be produced (Heakal).
The first PPF chart represents an economy that6 produces capital goods