In their seminal textbook “Economics,” Paul Samuelson and William Nordhaus neatly sum up the importance of the national accounts and GDP. They liken the ability of GDP to give an overall picture of the state of the economy to that of a satellite in space that can survey the weather across...
The Arabic Language Proficiency Test (ALPT) is an Arabic proficiency test that is endorsed by the Islamic Chamber of Commerce and Industry. This covers all 22 Arab countries, along with a further 34 countries in Africa and the Far East. Its five sections include tests designed to measure list...
Textbook descriptions of stock prices tend to start off talking about investors and dealers coming together, and for there to be a stock trade, the buyer and seller must agree on a figure. But most investors find prices as they are listed in online brokerage accounts or online graphs of stoc...
If a team only pays attention to individual skills, without attaching importance to collective cooperation, it may present a wonderful one-man football show; however, it will be difficult for that team to win the match. For instance, when the 12th FIFA World Cup was held in Spain, Maradona,...