1. What do economists mean when they state that a good is scarce? a. There is a shortage or insufficient supply of the good at the existing price. b. It is impossible to expand the availability of the good beyond the current amount. c. People will want to buy more of the good regardless of the price of the good. d. The amount of the good that people would like exceeds the supply freely available from nature. 2. Which of the following is most clearly consistent with the basic guidepost
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Chapter 13 You Decide Exercise Write out your answers and submit them using the Dropbox in a RTF or Word Doc format. Presidential Power and Iraq This exercise relates to the Policy Debate in Chapter 13 dealing with Iraq and Presidential Power. The goal of this exercise is to give you a better understanding of recent Supreme Court rulings on the limits of Presidential power during wartime and the importance of Separation of Powers and Checks and Balances. The Constitution (as interpreted by the
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CHAPTER 12 Microeconomics The Demand for Resources Topic Question numbers ___________________________________________________________________________________________________ 1. Derived demand 1-8 2. Resource demand curve; optimal hiring 9-59 3. Determinants of resource demand 60-97 4. Elasticity of resource demand 98-114 5. Optimal combination of resources 115-145 6. Marginal productivity theory of income distribution 146-149 Consider This 150-151 Last Word 152-154 True-False
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Chapter 1: THE DYNAMIC NEW WORKPLACE Multiple Choice Questions 1. The dynamic new workplace of the 21st century is characterized by: 1. A highly competitive global economy‚ driven by innovation and technology‚ that has created both unparalleled opportunities and unprecedented uncertainties. 2. Smart people and smart organizations creating their own futures. 3. Companies with a future sharing an important commitment to people 4. All of the above. 5. None of the above. 2. The
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1. Ethical judgments limit the methods available in the production of knowledge in both the arts and the natural sciences. Discuss. 1. a) Define knowledge‚ judgment‚ methods‚ ethics b) How do morals limit the advancement of arts and natural sciences 2. Incorporate ways of knowing 4. a) Arts and natural sciences b) Ways of knowing: emotion‚ log/reasoning 5. Key examples a) Arts: self-mutilation; Damien Hirst – cuts animals in half and displays them b) Natural sciences: embryonic stem cell
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1. This is the study of the functions of body structures. A) anatomy B) physiology C) endocrinology D) histology E) immunology 2. This is defined as a group of cells that work together to perform a particular function. A) tissue B) organ C) molecules D) compounds E) organism 3. Using your fingers to find your pulse on your wrist is an example of A) auscultation. B) palpation. C) percussion. D) laparoscopy. E) electrocardiography. 4. Percussion techniques can be used to detect A) heart beats. lungs
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Name _____John Munro___________________________ Electric Fields – Lab 16 Go to http://phet.colorado.edu/simulations/sims.php?sim=Charges_and_Fields and click on Run Now. Part 1: What is an equipotential line and how is this simulation related to work and energy? 1) Turn on “Show Numbers” 2) Place a positive 1 nano-coulomb charge near the center of the screen. 3) In the lower left of the screen is a meter for indicating electric potential‚ in volts‚ created by the charge that you
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Chapter 6 Balancing the Market The point at which quantity supplied come together is known as Equilibrium Market Disequilibrium If the market place or quantity supplied is anywhere but at the equilibrium price‚ the market is in a state called disequilibrium Excess Demand Occurs when quantity demand is more than quantity supplied Excess Supply Occurs when quantity supplied exceeds quantity demand The interaction between buyers and sellers (Market Forces) will always push the market back toward
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Chapter 1 (Pg 3) Environment – All the living and nonliving things around us Inclusive sense (built environment‚ structures‚ urban centers) and broadest sense (complex webs of social relationships/institutions that shape our daily lives) We are a part of the “natural” world and our interactions etc matter Modify our environment – Our actions have enriched our lives (better health‚ greater material wealth‚ mobility‚ leisure time) Impacts – Air & water pollution‚ soil erosion‚ species
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1. An unplanned increase in inventories results in A) an increase in planned investment. B) a decrease in planned investment. C) actual investment that is greater than planned investment. D) actual investment that is less than planned investment. 2. The ratio of the increase in ________ to the increase in ________ is called the multiplier. A) equilibrium nominal GDP; autonomous expenditure B) equilibrium real GDP; autonomous expenditure C) autonomous expenditure; equilibrium real GDP
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