EAS100Y1 Lecture : January 13 Lecture

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13 Feb 2011

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Jan. 13/11: traditional value system does not= industrialization. Boys and girls (age of 7: new generation, computer. International war against drug (1988: elderly, sports. Ioc member: 1988 seoul olympics, 2002 world cup, religion www. notesolution. com. Affected korean community life in a significant way uprooted confucian tradition and agrarian society. 1970s: when they got the money from the middle east and vietnam, korean society somehow had surplus of revenue. In order to make balance, the city and country life, with park chung-hee, started a movement called new community movement () in 1971 reduced economic and social gap between city and country. In contemporary terms, our social value is quite different from the traditional society. During the poor period (before park jung-hee), people don"t care much about doing their job; what job was available was out there, they took it. But in 1970s and 80"s people began to change their ways of thinking.

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Use the information below to answer the following question. Fact 1: Costs Soar for London Olympics The regeneration of East London is set to add extra £1.5 billion to taxpayers' bill. The Times, London, July 6, 2006 13) Refer to Fact 1. The cost of regenerating East London an opportunity cost of hosting the 2012 Olympic Games A) is; if the property taxes of people living in East London increase B) is not; because few people attending the 2012 Olympics will spend much time outside Olympic venues C) is; if the regeneration of East London would not occur unless London hosted the 2012 Olympics D) is not; because regenerating East London is an unnecessary expense E) is, if the costs of the East London regeneration is equal to a significant percentage of the total amount spent by London taxpayers to host the 2012 Olympics

1) Refer to Fact 1. The cost of regenerating East London an opportunity cost of hosting the 2012 Olympic Games_ A) is not, because few people attending the 2012 Olympics will spend much time outside Olympic venues B) is: if the costs of the East London regeneration is equal to a significant percentage of the total amount spent by London taxpayers to host the 2012 Olympics Cis; if the regeneration of East London would not occur unless London hosted the 2012 Olympics D) is, if the property taxes of people living in East London increase E) is not; because regenerating East London is an unnecessary expense

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EAS100Y1 Lecture : January 13 Lecture

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