"Explain how production possibilities curves can be used to demonstrate the problem of unemployment‚ the effects of technological change and the benefits of economic growth."A production possibility frontier (also known as production possibility curve) represents all the possible combinations of the production of two types of goods and services that the economy can produce at any given time through graphical means. It is used to clearly demonstrate the problem of unemployment‚ the effects of technological
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An increase in demand for the product d. Reduction in excise taxes e. Reduction in interest costs 5. Which of the following is the supply curve under perfect competition? a. marginal cost curve b. average cost curve c. marginal cost curve above shut down point d. marginal cost curve above break- even point e. average variable cost curve 6. U shape of Long Run Average cost is due to the incidence of a. External economies of scale b. Internal economies of scale c. Internal
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Gatsby Economics “America means opportunity and freedom‚ the ability to make ourselves out of nothing” – Ralph Emerson. Emerson tries to show the positive side of America‚ the land of the opportunity but not everything is as seems. Gatsby truly is a loosely used of this “American Dream.” Gatsby did rise out of nothing you cannot deny him that‚ but he did it illegally. Around the time of Gatsby‚ the roaring twenties‚ we see how easy rising up the social ladder was‚ compared to modern times. In
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Elizabeth Nordstrom Dr. Mathis English 101-20 10/01/2014 “The Perils of Indifference” On April 12‚ 1999‚ Nobel Peace Prize winner‚ Elie Wiesel delivered the speech that expressed the thoughts of thousands of Holocaust survivors. The speech “The Perils of Indifference”‚ was presented to the entire White House‚ all members of Congress‚ and thousands of others to thank President Clinton and the United States Government for helping all Jewish people in the way that they did. There are hundreds
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per delivery of increasing output beyond 60 deliveries per day A. is $0 because Owen does not have to purchase another van B. is $5 C. is $75 D. cannot be calculated without knowing Owen’s total fixed costs 14) Expected economic profit per unit is equal to A. expected price B. expected average total cost C. the difference between expected average price and expected average total cost D. the difference between expected total revenue and expected total cost
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“The opposite of love is not hate‚ it’s indifference.” This quote by Elie Wiesel says a lot. Indifference is dangerous. We have a moral responsibility to help others most of the time. There are moments where it’s okay to be indifferent. This moral responsibility that we have is important to keep our indifference in check. We have a moral responsibility to help right the wrongs in the world but to an extent. There are situations where it is acceptable to be indifferent. For example‚ a part in the
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surroundings.” This quote from Elie Wiesel’s speech “The Perils of Indifference‚” shows that indifference kills people by making them lose purpose in living. Elie Wiesel‚ a survivor of the Holocaust‚ lived a life full of indifferent people. He suffered behind the gates of concentration camps while German citizens he had once know stood back and watched him and thousands of others suffer. Elie’s speech “The Perils of Indifference‚” he gives at the White House in front of the president and many other
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Wiesel on Indifference • Talks about him as a boy. • Filled with gratitude for the American people for freeing him. • “Gratitude is what defines the humanity of the human being.” • Grateful to Mrs. Clinton for what she said‚ what she is doing for the children of the world‚ for the homeless and the victims of injustice and for the victims of density and society. • “What will the legacy of this vanishing century be? How will it be remembered in the new millennium? Surely
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representations in the modern field of macroeconomics and is used by a broad array of economists‚ from libertarian‚ monetarist supporters of laissez-faire‚ such as Milton Friedman to Post-Keynesian supporters of economic interventionism‚ such as Joan Robinson. Brief history of demand curve and supply curve According to Hamid S. Hosseini‚ the power of supply and demand was understood to some extent by several early Muslim economists‚ such as Ibn Taymiyyah who illustrates- “If desire for goods increases while
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structure and comparisons to deliver a well-balance phrase that pleases the audience so they can comprehend the concept of indifference in a different perspective. Furthermore‚ Wiesel declares his questioning towards the audience about the definition of indifference as well as adding several contradicting comparisons of how indifference initially affects society‚ “What is indifference? Etymologically‚ the word means "no difference." A strange and unnatural state in which the lines blur between light and
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