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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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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------------------------------------------------- Quiz 7 ------------------------------------------------- Top of Form Please Note: It is recommended that you save your response as you complete each question. | Question 1 | | (1 point)Save | Compared to the gravity at Earth’s surface‚ Earth’s gravity at a distance twice as far from Earth’s center is | a) | one half as much | | b) | one fourth as much | | c) | one sixteenth as much | | d) | zero | Question 2 | | (1 point)Save
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MULTIPLE CHOICE (CHAPTER 4) 1. Using a sample of 100 consumers‚ a double-log regression model was used to estimate demand for gasoline. Standard errors of the coefficients appear in the parentheses below the coefficients. Ln Q = 2.45 -0.67 Ln P + . 45 Ln Y - .34 Ln Pcars (.20) (.10) (.25) Where Q is gallons demanded‚ P is price per gallon‚ Y is disposable income‚ and Pcars is a price index for cars. Based on this information‚ which is NOT correct
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Week 4 Quiz – Five Basic Traits Part A: Please label the following adjectives with the appropriate match according to the NEO-PI-R (2 matches per trait). Feel free to simply use O‚ C‚ E‚ A‚ N. - Self-Discipline: C - Excitement Seeking: E - Anxiety: N - Self-Consciousness: N - Feelings: O - Compliance: A - Assertiveness: E - Fantasy: O - Straightforwardness: A - Achievement Striving: C Part B: Please label the following statements as True or False. - Most people are
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Homework Assignments Problems & Applications Chapter 1 Homework 4. You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5% interest. What is the opportunity cost of spending the $100 now? 5. The company that you manage has invested $5 million in developing a new product‚ but the product is not quite finished. At a recent meeting‚ your salespeople report that the introduction of competing products
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Week 1 OPS 571 Quiz 1 Permeable systems are characterized by being penetrable by customers via what two forms of contact? Internet and mail contact Face-to-face and internet contact Internet and phone contact Phone and face-to-face contact Check Answer Correct Permeable systems are penetrable by phone and face-to-face contact‚ but they are not necessarily reactive to such contact. 2 Some may argue that the production-line approach may not treat the process as a service process‚ but as what type
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ACTIVITY 2.4 Q1 (A number of alternative solutions are possible) a) 1. Collected amount due from a customer (increase cash‚ decrease receivables). 2. Purchased land for cash (increase land and decrease cash). b) Paid amount due a creditor (decrease cash‚ decrease accounts payable). c) 1. Owner withdrew cash (decrease cash‚ decrease owner’s capital). 2. Paid rent (decrease cash‚ decrease owner’s capital). 3. Reflected supplies expense (decrease supplies on hand‚ decrease owner’s capital). d) Borrowed
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3.1 I would like to make the example as China economy in order to analyze how the structure of an economy has changed in the 21st century. To a variety of industries around the world is divided into three categories: primary industry‚ secondary industry and tertiary industry. Primary industry refers to the provision of production industries‚ including forestry‚ farming‚ aquaculture‚ animal husbandry and other natural objects as objects directly in the production sector. The second refers to industrial
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MGMT 340 Chapter 10‚ 1-5 CH. 10: 1- Why don’t information systems projects work out as planned? What causes the differences between the plan and reality? The cold hard truth is that projects always look better on paper; this is because in the development phase they are still lacking the human element. When projects are actually implemented you have to consider laziness‚ incompetence‚ and level of knowledge. In short you have to account for human error. There are systems glitches that can be unexpected
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