which is NOT correct? a. Gasoline is inelastic. b. Gasoline is a normal good. c. Cars and gasoline appear to be mild complements. d. The coefficient on the price of cars (Pcars) is insignificant. e. All of the coefficients are insignificant. 2. In a cross section regression of 48 states‚ the following linear demand for per-capita cans of soda was found: Cans = 159.17 – 102.56 Price + 1.00 Income + 3.94Temp Coefficients Standard Error t Stat Intercept 159.17 94.16 1.69 Price
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precise than traditional methods of crossbreeding. CORRECT Genes from genetically modified crops may transfer to non-genetically modified crops. INCORRECT All of the above are environmental concerns of genetically engineered crops. 2. Question : What is the central theme of “The first green revolution” section in Chapter 3.1 of your text? The green revolution resulted in increased crop production without any environmental concerns‚ which generated a steep incline in human population
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BX06332 March 5‚ 2013 POLI 387 A Monopoly‚ Not a Democracy The board game Monopoly has been a source of entertainment for many years and millions of people have played it. It is even distributed in several countries‚ and in several languages. When one analyzes the game Monopoly it can be compared to a political-economic system. The game Monopoly can be compared to an obvious political-economic system: a monopoly. A monopoly is quite different than a market oriented enterprise. It is often
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Identify an example through research of a business that has temporarily shut down operations in the short run. What led to this decision? Did the firm resume operations at a later date? Identify an example through research of a business that has temporarily shut down operations in the short run. What led to this decision? Did the firm resume operations at a later date? Identify an example through research of a business that has temporarily shut down operations in the short run. What led to this decision
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1 INTRODUCTION 1.1 Definition of economics Economics is a social science‚ positive as well as normative‚ divided into microeconomics and macroeconomics‚ concerned with how society allocates limited factor inputs to produce goods and services to satisfy unlimited human wants. 1.2 Economics as a social science A social science is the study of a particular aspect of human behaviour using the scientific method. Examples of social sciences are economics‚ sociology and
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point-of-service‚ consumer-driven health care Indemnity‚ health savings accounts‚ managed care‚ fee-for-service Point-of-service‚ fee-for-service‚ indemnity‚ managed care Self-funded‚ managed care‚ fee-for-service‚ point-of-service 0.2 points Question 2 1. Companies must offer HMOs if they are subject to the minimum wage provisions of FSLA. True False 0.2 points Question 3 1. What are the three common forms of managed care plans? Individual practice organizations‚ point-of-service plans
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Answers of Managerial Economics Homework #2 Chapter 5~Chapter 9 1.Using figure 5.3 as a basis‚ construct a series of four figures to show the effect of an increase in the demand for tanker service on the market price when (a) demand is extremely inelastic‚ (b) demand is extremely elastic‚ (c) supply is extremely inelastic‚ and (d) supply is extremely elastic. Answer: [pic] [pic] [pic] [pic] 2.Industry researchers R.S. Platou predicted
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Questions Question 1. Question : The correct order for Roman Numerals is: Student Answer: 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7… I‚ II‚ III‚ IV‚ V‚ VI‚ VII… I‚ II‚ III‚ IIII‚ X‚ XI‚ XII‚ XIII… 0‚ 1‚ 2‚ 3‚ 4‚ 5‚ 6… Instructor Explanation: Review this week’s course materials for more information on formatting an outline in alpha-numeric format. Points Received: 1 of 1 Comments: Question 2. Question : The concept of “affordances” offers all but one of the following to writers in the research
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PowerPoint Lectures for CHAPTER 1 The Scope and Method of Economics Principles of Economics‚ 9e ; ; By Karl E. Case‚ Ray C. Fair & Sharon M. Oster © 2009 Pearson Education‚ Inc. Publishing as Prentice Hall Principles of Economics 9e by Case‚ Fair and Oster © 2009 Pearson Education‚ Inc. Publishing as Prentice Hall Principles of Economics 9e by Case‚ Fair and Oster CHAPTER 1 The Scope and Method of Economics PART I INTRODUCTION TO ECONOMICS The Scope and Method of Economics
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Question 1 2 out of 2 points Shock resulting from massive bleeding is best classified as: Selected Answer: 3. Hypovolemic Correct Answer: 3. Hypovolemic Question 2 2 out of 2 points Children born with a small cranium and jaw‚ a thin upper lip‚ and palpebral abnormalities‚ and have a lower than normal IQ demonstrate classic signs of: Selected Answer: 1. Fetal alcohol syndrome Correct Answer: 1. Fetal alcohol syndrome Question 3 2 out of 2 points All of the following are
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