Question 2 (0.5/0.5) Exhibit 2–4 Production possibilities curve data | A | B | C | D | E | F | Capital goods | 150 | 140 | 120 | 90 | 50 | 0 | Consumer goods | 0 | 20 | 40 | 60 | 80 | 100 | | | | | | | | In Exhibit 2-4‚ the concept of increasing opportunity costs is represented by the fact that: a) Greater amounts of capital goods must be sacrificed to produce each additional unit of consumption goods. Question 4 (0.5/0.5) As shown in Exhibit 8-3‚ in order to
Premium Economics Supply and demand Microeconomics
THE UNIVERSITY OF HONG KONG School of Economics & Finance 2010 Spring Semester‚ First Midterm Examination Economics: ECON1001 (J and K) Introduction to Economic I Version A AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Premium Supply and demand
Chapter 2 Overview of the Financial System 2.1 Multiple Choice Questions 1) Every financial market has the following characteristic: A) It determines the level of interest rates. B) It allows common stock to be traded. C) It allows loans to be made. D) It channels funds from lenders-savers to borrowers-spenders. Answer: D 2) Financial markets have the basic function of A) bringing together people with funds to lend and people who want to borrow funds. B) assuring that the swings in the business
Premium Bond Stock market Stock exchange
a liquid has sufficient vapour pressure to form an ignitable mixture with air near the fact of the liquid is called _____ (a)autoignition temperature (b) flash point (c) boiling point 15. Hazards are caused by man-made processes only. (a) false (b) true 16. The followings are not hazardous chemicals except (a) gases oxygen (b) sulphur dioxide (c) nitrogen 17. A gas that may be responsible for acid rain is (a) Oxygen (b) argon (c) hydrogen
Premium Culture Oxygen The Culture
True/False Questions for Unit 2 1. A requirement is something a database needs to do in order to fulfill its purpose. True 2. You only need to include the most important stakeholder in the database discussion. False 3. Forms are used for gathering input. True 4. A transaction database is optimized to track transaction time. True 5. Data mining uses business intelligence tools and techniques on a variety of data sources brought together in a data warehouse
Premium Data modeling Question Relational model
smaller firms‚ then a. competition will force firms to attain economic profits rather than accounting profits. b. competition will force firms to produce surplus output‚ which drives up price. c. the average costs of production will increase. d. the average costs of production will decrease. ANSWER: c the average costs of production will increase. SECTION: 1 OBJECTIVE: 1 3. Sizable economic profits can persist over time under monopoly if the monopolist
Premium Monopoly Economics Marginal cost
Question 1: Economics began as a field of study in 1776 with the publication of An Inquiry into the Wealth of Nations by __________. Type: Multiple Choice Points awarded: 1.00 / 1.00 Your answer(s): •Adam Smith Correct answer(s): Jean-Baptiste Say John Maynard Keynes Your Professor Adam Smith Question 2: According to Say’s Law: If production is created then there _______ be sufficient funds from this creation to purchase everything that is produced. Type: Multiple Choice Points awarded:
Premium John Maynard Keynes Keynesian economics Aggregate demand
Understanding Health Insurance Ch17 Review 1. Workers’ compensation laws protect employers and fellow workers by limiting the award that an injured employee can recover from an employer. TRUE 2. The worker must physically be on company property to qualify for workers’ compensation. FALSE 3. Medical treatment claims are the most difficult to process because they are filed for minor illnesses or injuries. FALSE 4. Permanent disability refers to an employee’s diminished capacity to
Premium Employment Injury Physical trauma
1. Which of the following statements about heat is false? A) If heat flows into a system‚ the extra energy of the system appears in the form of internal energy. B) A hot object possesses more heat than a cold object. C) If the system and surroundings are in thermal equilibrium‚ there is no heat flow between them. D) A process in which heat flows out of a system is said to be exothermic. E) Heat is a form of energy flow. B is false. If you compare a cup of water at 25oC and a bath tub of
Premium Atom Electron configuration Electron
ECONOMICS AND HEALTHCARE IMPACT THAT DIFFERENT HEALTHCARE SYSTEMS HAVE ON INDIVIDUALS AND HOUSEHOLDS A healthcare system is a group of persons or institutions‚ and the resources used to deliver health care services in order to meet the health needs of a certain population. There are different types of healthcare system including:Privatizedsystem‚ socializedsystem‚ universalsystem‚ community system.The privatized way of system is based on premium insurance. This is where the profits are used to
Premium Health economics Universal health care Health care