ECON1016 Group Work Assessment PROBLEM SET NO 4 (Chapter 30&33) Student #1 Name and ID: Gwee Yi Xuan S3506518‚ 10148285 Student #2 Name and ID: Cheah Wei Yun‚ S3509385‚ 10148653 Student #3 Name and ID: Yong Chang Wei Stanley‚ S3532641‚ 10154582 Question 1 Suppose that a country’s inflation rate increase sharply. Explain the following situations. (1 mark for each) a) What happens to the inflation tax on the holders of money? As inflation rate increases sharply‚ the price level
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Review Questions for Mid-Term 1) What constitutional clause allows laws enacted by the federal government to take priority over conflicting state laws? 2) Would it be a violation of equal protection for a state to impose a higher tax on outof-state companies doing business in the state than it imposes on in-state companies if the only reason for the tax is to protect the local firms from out-ofstate competition? Explain. 3) Jen operates Jen’s Fruits & Vegetables‚ a small market stocked entirely
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Generation. New York: Vintage Books‚ 2000. Founding Brothers: The Revolutionary Generation is a book about the American revolutionary generation‚ but as Ellis puts it a more modern way so that everyone can understand. This book includes information about our founding fathers and stories that some had no idea about; it also gives you some details about the politics going on during the time period but still indicates specific people in history. Ellis has the time frame of this book from right around when
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Chapter 1: The Power of Markets What are the two basic assumptions that economists make about individuals and firms? Economists have two basic assumptions which keeps the economy in check. One is that people try to make themselves as versatile as possible maximizing their overall potential. The other is that a firm would do what it needs to make the most profit possible. What is the role and significance of prices in the market economy? Prices in a market economy are very important. Price allows
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Question 1 1 out of 1 points Acute diseases are illnesses that are long-term or lifelong and that develop gradually or are present from birth; in contrast‚ chronic diseases are illnesses that strike suddenly and cause dramatic incapacitation and sometimes death. Answer Selected Answer: False Correct Answer: False Question 2 1 out of 1 points Sociologists distinguish among movements on the basis of their goals and the amount of change they seek to produce. Some
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UNIT A Concept Review Match each term with the statement that best describes it. 1. Internet i. A worldwide collection of interconnected networks. 2. ARP/NET e. Four computers networked together by DARPA in 1969 3. TCP/IP g. Protocols used by all computers connected to the Internet 4. FTP b. A protocol used to transfer files between computers 5. HTML c. The formatting language used to create a Web page 6. Links a. Clickable text‚ graphics‚ or other Web page elements that point
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used by Benjamin to explore the role race played in the lives of elite African Americans. What did Benjamin find? Answer: Studying the African American Elite Sociologist Lois Benjamin used survey research method to investigate the effects of racism on talented African American men and women. A survey is a research method in which subjects respond to a series of statements or questions in a questionnaire or an interview. Survey research is usually descriptive rather than explanatory. Surveys are directed
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Mindanao State University – Iligan Institute of Technology College of Arts and Social Sciences DEPARTMENT OF HISTORY Andres Bonifacio Avenue‚ Tibanga‚ Iligan City A Requirement in History 122 ANNOTATED BOOK REVEW related to the descriptive course Modern East Asia entitled A Short History of China And Southeast Asia: Tribute‚ Trade and Influence By: Martin Stuart-Fox Submitted by: Michelle Titular Cortes
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inputs for many sectors in the world’s economy. Therefore‚ when a war breaks out in Country A. which is the main producer for fuel in the world it causes fuel supply disruptions in the world. Question 1 What will happen to the price and quantity equilibrium for fuel following this event? Explain. Answer: Since County A is the main producer of oil in the worlds market; due to the war in country A it will face difficulties in the production of oil. This will result a decrease of oil supply in the
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The Chrysalids: Study Questions Chapter 2 1. How old is David’s house? (17) David’s house is 50 years old 2. Who built this house? (17) David’s grandfather; Elias Strorm built the house 3. Describe the materials from which this house is built. (17-18) It’s built from bricks and stones‚ solid and roughly-dressed timbers. 4. Explain the words: "My grandfather appeared to have been a man of somewhat tediously unrelieved virtue. It was only later that I pieced together a portrait that was more
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