1. PRINCIPES OF ECONOMICS-MANKIEW CHAPTER 1- QUESTION FOR REVIEW (18) No 3. What is inflation and what causes it? = Inflation is an increase in the overall level of prices in the economy. Inflation happen because culprit is growth in the quantity o money when a government creates larges quantities of the nation’s money‚ the value of the money. No 5. Explain the two main causes of market failure and give an example of each! = Externality‚ is the impact of one person’s action on the well being
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Experiment 6: Microbial Cultivation Objectives: To successfully cultivate microorganisms from different sources to medium. Materials: Broth‚ Agar‚ Sterilized cotton swab‚ Procedure: 1) Get your broth with cotton swab inside containing your bacteria. 2) Remove the cotton and flame sterilize the mouth of the testtube. 3) Get your cotton swab inside‚ flame sterilize again the mouth of the testtube then plug it with cotton. 4) Grab the inverted plated media and flame sterilize the
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Econ 2200 Midterm #1 fall 2011 Section I Answer Four of the following six questions. Each question is worth 5 points. a. What is the difference between the Income Effect and a Change in Income? b. True or False: The slope of the budget line represents the rate at which the consumer is willing to trade one good for another at any given bundle. Explain. c. An Engel curve can be both positively and negatively sloped‚ why does this happen? d. What do we mean by the term “Consumer Surplus”? e
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Opportunity cost of an activity (or goods) is equal to the best next alternative foregone. Although opportunity cost can be hard to quantify‚ the effect of opportunity cost is universal and very real on the individual level. In fact‚ this principle applies to all decisions‚ not just economic ones. Since the work of the Austrian economist Friedrich von Wieser‚ opportunity cost has been seen as the foundation of the marginal theory of value[citation needed]. Opportunity cost is one way to measure
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QUESTION 1 a. A downward-sloping demand curve shows in both graphs when the quantity at each price is doubled what it was. However‚ the curve in demand for pharmaceutical drugs is drawn with a relatively steep slope as inelastic products. Equilibrium price down-sloping along the demand curve while quantity in both market increased to some extent. b. In inelastic demand of pharmaceutical drugs‚ the percentage change in price is greater than the percentage change in quantity demanded. While in elastic
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Microfinance Council of the Philippines‚ Inc. Brief History The Microfinance Council of the Philippines‚ Inc. (MCPI) is a network of 41 institutions working towards the rapid development of the microfinance industry in the Philippines. The 41 institutions include 34 practitioners and 7 service providers. While membership among the practitioners is currently dominated by non-government organizations (NGOs)‚ the roster of practitioners also includes microfinance-oriented rural banks‚ one thrift
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The possibility that microorganisms exist was discussed for many centuries before their actual discovery in the 17th century. The existence of unseen microbiological life was postulated by Jainism‚ which is based on Mahavira’s teachings as early as 6th century BCE.[19] Paul Dundas notes that Mahavira asserted existence of unseen microbiological creatures living in earth‚ water‚ air and fire.[20] Jain scriptures also describe nigodas‚ which are sub-microscopic creatures living in large clusters and
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Dietary Supplement and Herb Chart Name of Herb Therapeutic Use Scientific Studies That Show Efficacy for Any of the Therapeutic Uses Cautions and Warnings or Side Effects Glucosamine Glucosamine is used in the treatment of- • Osteoarthritis • Knee pain • Back pain • Glaucoma (National Institutes of Health‚ 2011). Lee‚ Woo‚ Choi‚ Ji‚ and Song‚ (2010) through a meta-analysis study examined the effect of glucosamine on osteoarthritis progress. Study findings concluded that
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5.3.7 Effect of carbon supplements Supplementation of sugars‚ which may act either as carbon sources or inducers‚greatly affect the growth of microorganism. In case of CMCase‚out of the supplemented sugars‚glucose‚sucrose‚maltose‚lactose‚wheatbran and CMC‚ wheat bran show maximum increase in enzyme production. On addition of glucose‚ maltose‚ lactose‚wheat bran and xylan‚ the maltose resulted in an increment in xylanase production (24.96 IU/ml) by SmF. An induction in the enzyme production/activity
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Kathleen thomason October 2‚ 2012 Skeletal Muscle physiology exercise Electrical Stimulation name each phase of a typical muscle twitch and on the following line. Describe what is happening in each phase. a) latent- is a short period between the time of stimulation and the beginning of contraction b). Contraction – at this stage the muscle reaches its peak in contraction. Relaxation -Muscle is shortened‚ returns to zero and back initial length.
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