Social Science Questions & Answers

Social Science Questions & Answers

What is windfall tax?

Windfall tax is what’s imposed on windfall gains, an abnormal increase in the profits of any organization in the normal course of its business due to certain circumstances. An example would be the increase in the price of oil over the world. In this case, the oil exploration and production (E&P) companies will make huge gains if they sell oil …

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What is VIX?

The VIX is calculated and disseminated in realtime by the Chicago Board Options Exchange (CBOE). It’s a weighted blend of prices for a range of options on the S&P 500 index. The formula uses a kernelsmoothed estimator that takes as inputs the current market prices for all out-of-the-money calls and puts forth front month and second month expirations. The goal …

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What is vertical farming?

Farming indoors is not a new concept, per se, as greenhouse-based agriculture has been in existence for some time. Numerous commercially viable crops (e.g., strawberries, tomatoes, peppers, cucumbers, herbs, and spices) have seen their way to the world’s supermarkets in ever increasing amounts over the last 15 years. Most of these operations are small when compared to factory farms, but …

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What is urban mining?

Urban mining is the European fancy name for the process of making money out of garbage using sophisticated machinery. Urban mining is the process of reclaiming precious and minor metals from old electronic equipment. With the soaring price of metals, such recycling of previously mined metals is lucrative — 1 tonne of ore from a gold mine produces just 5 …

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What is unusual about lemmings?

The strange thing about lemmings is the way they, apparently, commit mass suicide. These grey or reddish-brown rodents look like mice, but are slightly larger. They live in large areas of the northern world, including Alaska, north-west Canada and Scandinavia. But, in fact, only the Scandinavian lemmings stampede in such a suicidal manner. Now and then thousands of them travel …

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What is unique about the production ‘Dralion’?

‘Dralion’ is an entertainment show produced by Montreal-based company Cirque du Soleil Inc, well known for its circus-based dance dramas. The show ‘Dralion’, which has already toured different parts of the world, is currently located at Sydney and been seen by seven million people. It’s main theme is to project human life as an integral part of nature, and, specifically, …

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What is unique about the Hangzhou Bay Bridge?

This is a bridge across Hangzhou Bay off the eastern coast of China. It links the municipalities of Shanghai and Ningbo in Zhejiang province. It’s the longest transoceanic bridge in the world although it does not have the longest cable-stayed main span. The bridge is 36 km long with six expressway lanes in two directions. The construction started on June …

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