Economics Extended Response Outline how the production possibility frontier can be used to demonstrate opportunity cost and examine how the effects of unemployment and technical change on production in the economy. A production possibility frontier is a basic model that can examine the efficiency of an economy’s resource use‚ irrespective of the wants of that economy. A production possibility frontier is the simplest tool usable to demonstrate opportunity cost‚ at all possible combinations of
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The American Frontier was the extreme limit of settled land beyond which lies wilderness‚ especially referring to the western US before Pacific settlement. The development and conquering of the American Frontier was extremely important to the country because of the many benefits it would have to the country with things such as more space and more states for the country. It is explained through works like Excerpts from Frederick Jackson Turner‚ The Significance of the Frontier in American History
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Andrew Johnson Professor Sander Accounting 497 18 February 2015 Northern Frontier Parks‚ Inc. 1. After reading the case‚ I would say that the engagement risk the auditors are facing is fairly high. Up until 1999‚ George Newton‚ the current CEO/CFO of Northern Frontier Parks‚ Inc.‚ was responsible for creating the financial statements‚ which were not being audited or reviewed by anybody. This is an issue because without an audit‚ there is no way to ensure the company’s financials are being correctly
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The Western Frontier The romanticism of the west employed the frontier as the outer edge of the wave meeting “between savagery and civilization.” To historians‚ a frontier is “is not a lining of marking the start of an empty place but a zone of interaction where two or more societies vie for the use of land.’ In the “frontier thesis”‚ Frederick Turner describes the frontier as “gradually peopled.” However‚ the congress in 1862 funded the transcontinental railroad‚ the union pacific‚ and
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Stick with the old plan. Take Andrew Jackson off the $20. Jack Lew was correct with his thoughts. He was a bad man. Do this as soon as possible. Jack Lew was correct in approving the removal because Jackson got rid of Indian land‚ signed an Indian Removal Act and was mean to them all at the same time. Jack Lew was also correct in approving the removal because Andrew Jackson closed the 2nd National Bank and it caused a outrage between the rich and the poor. Harriet Tubman should go on the $20 bill
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When America comes to mind‚ you usually think of freedom or opportunity. That was exactly what the frontier provided. The frontier came to symbolize America for numerous of reasons. The frontier gave everyone opportunity’s including black‚ female‚ or even deprived white. With the westward expansion‚ you were allowed to build your own empire no matter your primary status. Especially with the Homestead Act now in place‚ it made the West very promising. The Homestead Act was an act that assured 160
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Book Report: Andrew Jackson: His Life and Times The following report of H.W Brands’‚ Andrew Jackson: His Life and Times‚ will contain a synopsis of the book and a review of the contents. Brands brilliantly portrays the seventh president of the United States‚ Andrew Jackson. Jackson is born in the mountains of South Carolina on March 15‚ 1767. His widowed mother loves him dearly. Jackson fighting in the war against British ignites hate inside Jackson which is ongoing throughout his life. Orphaned
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which became the largest company in the nation. The political climate was inclining towards the idea of a central bank again in 1816‚ so by a narrow margin‚ the Congress managed to charter the Second Bank of the United States. However‚ later‚ Andrew Jackson‚ an anti-central-bank man‚ was elected in 1828‚ and he vowed to stop it. From 1836 to 1865‚ state-chartered banks and uncharted “free banks” roamed the nation‚ issuing their
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Aristocrat Leisure Limited is the largest gaming machine manufacturer in Australia‚ and is one of the largest manufacturers of slot machines in the world. The company produced its first machine in 1953‚ founded by Len Ainsworth. Aside from spinning reel slot machines‚ the company also has interests in gaming systems (a computerized network systems that manage slot machines)‚ computerized card game simulations‚ electronic table games and linked jackpot system. Government Macau is a country in it’s
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The definition of the efficient frontier says that “the efficient frontier represents the set of portfolios that has the maximum rate of return for every given level of risk‚ or the minimum risk for every level of return.” I plotted standard deviation on x axes and Returns on y axes to interpret efficient frontier. Exhibits also include these and the graphs you asked for as graph2: In our study‚ we concentrated on the optimal portfolios‚ the one which has the lowest volatility or risk‚ for given
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