ECON 101 – Macroeconomics Exam 1 (Take-home Part) Name Daniel Martinez Multiple Choice. Encircle the correct answer. [Bring a pencil on Saturday because you will put all your answers to this exam on a scantron sheet.] 1. Rice and potatoes are substitutes. Suppose the price of rice rises and and at the same time there is a bumper (bountiful) crop of potatoes‚ in the market for potatoes one would expect the: A) equilibrium price to rise‚ fall‚ or stay the same and equilibrium
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ECON 503: Chapter 3 Quantitative Demand Analysis Dr. Fida Karam Gulf University for Science and Technology Department of Economics and Finance Office N1-115 email: karam.f@gust.edu.kw Dr. Fida Karam (GUST) Quantitative Demand Analysis 1 / 19 Introduction The shapes of demand and supply curves influence how much shifts in demand or supply affect market equilibrium. • Shape is best summarized by elasticity. • Elasticity indicates how responsive one variable is to a change in another
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Surname: Work submitted may be subjected to a plagiarism detection process. If this process is used‚ then copies of this work would be retained and used as a source material for conducting future plagiarism checks. Date Submitted: 23 MAY 2015 ECON 7300 Statistics for Business and Economics Statistics Project Project Dataset 4 Tutorial T11 Friday 8.30-10.00 Name: Xiaohui WAN Student Number: 43348802 Part A – Simple Linear Regression Analysis (a) Expectation Ŷi = β0 + β1xi
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In this paperwork of SOC 312 Week 3 Quiz you will find the answers on the next questions: 1. Cooperative learning can be used to 2. How an individual perceives things is affected by 3. Children who are socialized to be open‚ warm‚ committed to mutual dependence‚ cooperative‚ sensitive to the feelings of others‚ and respectful of adults and social convention are more likely to be 4. All of the following are macrosystem factors which affect schools except 5. Teacher B noticed
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Episode 312 of The Avanced Selling Podcast by Brian Neal and Bill Caskey‚ teaches me on the relationship that exists between a sales person and the buyer relating to projection. The episode is titled Projecting and it poses a question to the sales person stating ‘are you deciding on behalf of the buyer?’ Brian and Bill discusses the problems that may arise when a sales person makes the decisions of what the buyer wants without asking them. The two veterian sales trainers puts forward the strategies
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Econ 1 Midterm 1 Practice Problems 1. The overriding reason why households and societies face many decisions is that a. resources are scarce. b. goods and services are not scarce. c. incomes fluctuate with business cycles. d. people‚ by nature‚ tend to disagree. 2. Sophia is
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2008-AL-ECON-II Past Questions on Macroeconomics Prepared by A.Chow Unit 1 – National Income Accounting 1. Which of the following are included in the national income of Hong Kong? (1) government spending on public assistance. (2) commission from the sale of second-hand cars. (3) salaries of the employee of the Jockey Club. (4) receipts form the sale of stocks and shares. A. (1) and (2) only B. (1) and (4) only C. (2) and (3) only D. (3) and (4) only (90 -01) Refer to the following national income
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EXAM 2 STUDY GUIDE – CHAPTERS 7 - 10 (partial) ECON 204 SPRING 2013 Chapter 7 Inflation Deflation Effects of Inflation 1. Price effects a. Real vs. nominal income 2. Income effects 3. Wealth effects Money illusion Measuring inflation • Consumer Price Index (CPI) • Market basket Construction of a Price Index 1. Calculate cost of basket in each year 2. Create Price Index using chosen base year = ∗ 100 • Say’s Law Keynesian Theory • Inherently unstable economy • Government
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This paperwork of SOC 312 Week 2 Discussion 1 Family Experiences includes: Discuss the experience of two families from different socioeconomic classes: one family from the upper class and the other from the underclass. Identify three major differences within the classes and the implications these differences will have on a child. The Theory of Mind Watch the following short film‚ theory of mind.mov‚ which demonstrates the theory of mind using a juice box experiment. At around four years of
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feelings to intervene in that particular economic decision. However‚ that was only two people out of twelve; making it ≈17% which is a very low number. In other words‚ if only 17% of the humans in a market are making irrational decisions‚ then those ECON 001 SAQUICELA !1 decisions are not going to have a big impact on the level of rationality of the market. Although some humans in the market are making irrational decisions‚ the market remains rational. On the other hand‚ the rationalists strongly
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