12 13 14 15 C C A B C 1) Who or what is responsible for the allocation of scarce resources into the production of most goods in the U.S.? A) the American government B) the UN C) the Federal Reserve Bank D) markets and prices Answer: B 2) Which of the following is an example of a normative statement? A) A higher price for a good causes people to want to buy less of that good. B) A lower price for a good causes people to want to buy more of that good
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offspring have the same genotype ratio as their parents. This example was one of Hardy-Weinberg equilibrium. The next generation will express the same genotype ratio as their parents‚ and so on. But what exactly is needed to create Hardy-Weinberg equilibrium? (Basically‚ a population in Hardy-Weinberg equilibrium s not evolving in any way.) Five specific factors are needed to create Hardy-Weinberg equilibrium within a population- a very large population‚ isolation from other populations‚ no net mutations
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The laws of supply and demand are the fundamental concepts behind economics that assist in the understanding of microeconomics and macroeconomics. The simulation involves a hypothetical real estate company that must alter their prices‚ supply‚ and demand based on the different market situations of their region. GoodLife was forced to change their prices and quantity supplied based on several factors like changes in population‚ price ceiling‚ and low rental rates in neighboring towns in order to
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Chemical equilibrium is the point at which the concentrations of reactants and products do not change with time. It would appear as if the reaction has stopped‚ but in fact‚ the rates of the forward and reverse reactions are equal‚ causing the reactants and products to be created at the same rate. This can be expressed mathematically in the form of the equilibrium constant. The following is the general equation for a reversible chemical reaction: aA+bB →cC+dD
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The movie Equilibrium directed by Kurt Wimmer‚ and the book 1984 written by George Orwell both explore what would happen when a government has complete control. When you let someone think for you and make all of your decisions‚ you lose what makes you human‚ which is your free will‚ and your ability to make conscious decisions. In both the text and movie they take away human identity to gain control. The key differences are the ways Big Brother and Father seize control‚ and what effect it has on
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PROBLEM SET 3 Problems for Chapter 3 1. Suppose the consumption function in the U.S. is represented by the following equation: C = 200 + .5 YD‚ where YD = Y – T and T = 200. a. What is the level of consumption in this economy if YD = 0? Briefly explain how individuals “pay for” this consumption when YD = 0. b. Given the above parameters‚ calculate the level of consumption if Y = 1200. Suppose Y increases to 1300. What happens to the level of YD as Y increases to 1300 (i.e. calculate
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RRR at bank. This paper will elaborate the effect of RRR cut to the money market and how it would help to rebalance the economy in short term. On long term economic growth‚ China faces several challenges to sustain its growth base on capital intensive‚ industry focused and export oriented strategy. The effects of controlled fertility rate‚ rapid urbanization of sub-cities and inland without sustainable population density as well as the “closed” market directly intervened by the government are also
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and answer these questions: A. Which way should the equilibrium shift when HCl is added? How do your results support your answer? It should shift to the left because adding any component causes the equilibrium to shift to the opposite side. B. Which way should the equilibrium shift when Na2EDTA is added? How do your results support your answer? It should shift to the right because the removal of a component causes the equilibrium to shift to the side from which the component was removed
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Stephany Matos Chem Lab: Chemical Equilibrium Lab 52 Synopsis Iron (III) ions react with thiocyanate ions (SCN-) to form iron (III) thiocyanate‚ FeSCN2+. It is represented in the equation below: Fe3+ (aq) + SCN- (aq) FeSCN2+ (aq) Therefor the equilibrium constant for this reaction is: KC = [FeSCN2+]/([Fe3+]•[SCN-] For this experiment we were able to determine the equilibrium constant KC for this reaction. First we prepared five different mixtures with known initial concentrations of
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single or multivalued mappings is obtained as a corollary of Nash equilibrium existence in finitely many players games. ı Copyright © 2006 Juan Pablo Torres-Mart´nez. This is an open access article distributed under the Creative Commons Attribution License‚ which permits unrestricted use‚ distribution‚ and reproduction in any medium‚ provided the original work is properly cited. 1. Introduction In game theory‚ the existence of equilibrium was uniformly obtained by the application of a fixed point theorem
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