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Applied economics is the application of economic theory to determine the likely outcomes associated with various possible courses of action in the real world. By better understanding the likely consequences of choices made by individuals, businesses, and policy makers, we can help them make better choices.
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Part 1
This story talks about a boy who lived with his grandparents. He was the owner of a large old banyan tree that had squirrels, snails and butterflies. Once he befriended a squirrel which resided in the tree. They became so intimate that the squirrel trusted him enough to be taking morsels from his hand. In spring, the tree was the noisiest place in the garden with parrots, mynas, crows, etc. who all kept chirping all day long. The boy used to read adventurous books sitting on the platform he had constructed for himself. When he did not read, he sat and saw the perfect view of the world under the tree. One day from here he witnessed a fight between a mongoose and a cobra.
Part 2
It was a warm summer which had sent everyone indoors. The boy was wondering whether he should go to the pond and swim with the buffaloes and Ramu when suddenly he saw a huge black cobra and a mongoose coming out. The cobra knew that the mongoose was a very angry and a good fighter. However, the cobra was no less as he was fast and had sharp fangs of deadly poison. Thus, it seemed like a war between the best. Both the animals were unaware of the boy but were soon accompanied by two spectators, a myna and a crow. The mongoose opened the attack. In order to take part in the fight, the crow and the myna threw themselves at each other and returned safely to the cactus. This happened twice. The third time they did this, the myna returned safely yet the crow got hit very sharply by the cobra. The crow lay weak and injured on the ground while the fight continued. Slowly the mongoose’s power overpowered and the snake ceased to struggle. The mongoose dragged it inside the bushes while the myna gave a shrill cry of congratulation and flew away.
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This book is a basic summary of immigration and the challenges immigrants face. The authors talk about what brings immigrants to America, and how they fell about their new homes. They also talk about the challenges immigrants had and how they want to see their futures living in America. So basically, this book is letting us have a point of view from the immigrants' eyes.
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fragrance and beauty.
generosity and kindness.
equality and attractiveness.
frankness and honesty.
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A. Initially he is upset at the young woman for taking advantage of Mrs. Pearce, but then he becomes curious about the young woman's request.
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Higgin's mother has warned Eliza about how she will be treated when she becomes a lady. The transformation of Eliza from a girl to a lady is a success. Higgins is focused and curious for the transformation success of Eliza. Higgin is upset when Eliza is found taking advantage of Mrs. Pearce but once Higgin mother clarifies her point then Higgin becomes excited and his complete focus is on accomplishing Eliza's transformation.