Business Economics MBA LIMITS‚ CHOICES AND SCARCITY ANSWERS TO END-OF-CHAPTER QUESTIONS 2-1 Explain this statement: “If resources were unlimited and freely available‚ there would be no subject called economics.” If resources were unlimited and freely available‚ making choices would not be necessary. Every person could have as much as they wanted of any good or service. Economics‚ the science of choice‚ would be unnecessary. 2-2 Comment on the following statement from a newspaper
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Have you ever lost someone to a drunk driver? In 2010 10‚288 American’s lost their lives due to a drunk driver (Reference: www.centurycouncil.org/drunk-driving/drunk-driving-fatalities-national-statistics). Right now laws in place only punish those who are who are caught driving under the influence of alcohol. What if it could be prevented before anyone can get behind the wheel of a vehicle after consuming alcohol. Why wait for an alcohol related incident to happen when it could be prevented. Anyone
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What this has meant is that many people are spending many hours on the computer at work and then again at home. As a result‚ there has been a significant increase in the reporting of health problems related to the use of computers. So‚ with the increasing use of computers‚ computer related-vision problems are affecting a growing number of individuals. Visual symptoms include: eyestrain‚ blurred or double vision‚ headaches‚ red or irritated eyes‚ and color perception changes. Other individuals may
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Problem Solution Essay Drug abuse is widespread throughout the world. Every society‚ age‚ social class‚ and family has been affected by drug addiction. The government spends billions of dollars trying to regulate drug use‚ treat addicts‚ and battle drug-related crime. Drugs affect nearly everyone and need to be fought better. Drug abuse causes many struggles for families and communities. Addicts are often too sick‚ to function as normal‚ liable members of a family or of society ("Addiction
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Physics 110 Spring 2006 2-D Motion Problems: Projectile Motion – Their Solutions 1. A place-kicker must kick a football from a point 36 m (about 40 yards) from the goal‚ and half the crowd hopes the ball will clear the crossbar‚ which is 3.1m high. When kicked the all leaves the ground with a speed of 20 m/s at an angle of 530 to the horizontal. 1. Does the ball clear or fall short of the crossbar? 2. Does the ball approach the crossbar while still rising or while falling? (a) From our equations
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access to effective treatment [source: WHO]. Even though many people don’t realize it‚ there is an abhorrent problem with depression among teens in the United States. In fact‚ “11% of adolescents have a depressive disorder by age 18‚” according to the National Institute of Mental Health’s website. This statistic may not seem like a lot‚ but it means that 11% of teens have a serious problem; they feel like this frequently‚ yet still go on‚ in most cases without treatment. Although feeling depressed
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China’s Oil Security Problems and Solutions ——based on Oil Global Supply and Demand （Sep 3‚ 2011）from Professor Albert Kwong Ma Xiao Abstract: Oil is the most indispensable and important strategic energy in international society nowadays. During the past two decades‚ the problem of oil supply and demand has widely drawn the attention from all over the world. China‚ turning from oil self-sufficiency to the world’s second largest oil consuming countries‚ is now faced with a huge demand gap
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Solution to Case Problem Specialty Toys 10/24/2012 I. Introduction: The Specialty Toys Company faces a challenge of deciding how many units of a new toy should be purchased to meet anticipated sales demand. If too few are purchased‚ sales will be lost; if too many are purchased‚ profits will be reduced because of low prices realized in clearance sales. Here‚ I will help to analyze an appropriate order quantity for the company. II. Data Analysis: 1. 20‚0 00 .025 10‚0 00 30
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Running head: COUNSELING AFRICAN-AMERICANS Counseling African-Americans: Issues/Problems/Solutions Introduction Although African-Americans families have come a long way when it comes to professional counseling‚ the many issues that the families face when seeking professional assistance are more culturally based. Culture can be defined as the attitudes‚ habits‚ norms‚ beliefs‚ customs‚ rituals‚ styles‚ and artifacts that express a group’s adaptation to its environment
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[CU747] Solve business problems [747.1] Understand business problems and their causes 1.1 Describe ways of recognising when a business problem exists In most organizations recognition of a business problem typically relies on measures and management reporting of measures against expectations. Usually each performance area measures quality‚ cost‚ and speed of service - plus possibly customer satisfaction. If one of these measures starts to vary from expectations then management should investigate
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