Scarcity -Basic Economic problem - unlimited wants‚ but limited resources The question is: How do we allocate these limited resources? 3 questions that any economic system must answer: - What should be produced - How should we produce it? - Who gets it? Command Economy - You have heavy state involvement - State of ownership of resources and control of production - What should be produced - the state decides - How to produce it - the state decides - Who gets it - the state decides Market
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1.If the earth moves around the sun‚ then we ought to observe a stellar parallax. 2.There is no observable stellar parallax. 3.Therefore‚ the earth does not move around the sun. The argument is valid (i.e.‚ modus tollens)‚ the first premise seems quite reasonable and the second premise was in fact true—no one before‚ during or for almost three centuries after Copernicus had Figure 8.9 216 common sense logic ever observed any stellar parallax. Yet‚ Copernicus had anticipated this objection and
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Grade Boundaries International GCSE January 2013 Understanding International GCSE grade boundaries This document shows the grade boundaries for our suite of International GCSE qualifications. For each set of grade boundaries‚ the maximum number of available marks is also shown. International GCSEs are linear qualifications and only the maximum mark and grade boundaries for the overall qualification are available. These are given in raw marks. Definition of terms A grade boundary is the minimum
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History Exam Notes June-12-12 7:33 PM Prime Ministers and Important People: * Robert Borden: 1911- 1920 * Conservative * Efforts in WW1 made him a successful PM * Arthur Meighen: 1920- 1921 * Conservative * William Lyon Mackenzie King: 1921- 1926‚ 1926- 1930‚ 1935- 1948 * Liberal * Independence of Canada in foreign policies * Richard Bennett: 1930- 1935 * Conservative * Create Bank of Canada‚ 1934 * Canadian Wheat Board‚ 1935
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Making the Grade Kurt Wiesenfeld Kurt Wiesenfeld is a physicist who teaches at Georgia Tech in Atlanta. He wrote this essay for the “My Turn” column of the June 17‚ 1996‚ issue of Newsweek. It was a rookie error. After 10 years I should have known better‚ but I went to my office the day after final grades were posted. There was a tentative knock on the door. “Professor Wiesenfeld? I took your Physics 2121 class? I flunked it? I wonder if there’s anything
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Chapter 6 – Markets The role of market • Determining solutions to the economic problem which is wants are unlimited but sources are scarce. • The importance of relative price in reflecting opportunity costs in the goods and services and factor markets The market price paid by consumers for goods and services reflect opportunity costs. Markets for productive resources (natural‚ human and capital)‚ known as factor markets‚ determine the opportunity costs of productive resources
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To Grade or Not to Grade Jamie Potts Baker College of Jackson To Grade or not to Grade Sweaty hands‚ racing heartbeat‚ trouble breathing. These are a few of the things some students may experience right before‚ or even during a test. Jerry Farber brings some very interesting alternatives to testing and to the whole grading process in an article he wrote called‚ “A young person’s guide to the grading system”. (Farber 1969) In A young persons guide to the grading system (Farber 1969) Farber
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Grade 11 Physics Study Guide SPH3U1 Unit 1: Kinematics + Intro How to count significant figures: -Embedded 0’s count (i.e. 101 has 3 sig figs) -Any numbers that aren’t zeros count (i.e. 5263 has 4 sig figs) -0’s after the decimal place count (i.e. 1.00 has 3 sig figs) -Trailing 0’s (i.e. 2000 has 4 sig figs) -Numbers after the first non-zero (i.e. 0.0002102 has 4 sig figs) How to add and subtract numbers with proper sig figs: The result will have the least amount of numbers after the decimal
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of data. This Online Grade inquiry with subject evaluation and SMS notification is a process whereby a department head input the grades of the students who are enrolled to the said department and evaluates what subjects should they be taking after they passed their current enrolled subject for them to take their proceeding subject to the next semester after the input of data to the system. The system sends also the grades to the students via SMS every end of the trinal exam who is enrolled to the
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List of Exam Questions First Exam Global Economic Environments CHAPTER 4‚ 5‚ 8‚ 13 Readings PLUS Pages75-85 ESSAYS 1) Describe the product cycle‚ including addressing the various inputs that are required over time and the resulting production location decisions. Early stage-skilled marketing‚ new design‚ feedback from customer‚ scientific and engineering input in design and manufacturing‚ capital a high-income market (developed country) Middle stage-incremental improvements to standardized
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