and industries that collectively determine the quantity of goods and services demanded and supplied at different prices. Answer: FALSE Explanation: The study of a country’s larger economic issues‚ such as how firms compete‚ the effect of government policies‚ and how an economy maintains and allocates its scarce resources‚ is termed macroeconomics. Diff: 1 AACSB: Analytical thinking Chapter LO: 1 Course LO: Compare and contrast different economic systems Classification: Concept 3) Capital
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Chapter 1 Aristocracy: A form of government that is ruled by a few amount of people. The term “aristocracy” was coined by Aristotle. Checks and balances: Gives each branch some power over the other two (ex: President can veto legislation passed by Congress; Congress can impeach the President‚ etc.) Collective action problems: Collective action says that in order to achieve things‚ individuals must work together. You can do more together than you can do on your own. Situations in which the members
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Government for the people- What can get the millennial’s to trust the government again and believe it’s a government for the people? For many generations‚ the previous generation is what the upcoming generations have been improved and built upon. However‚ teenagers and young adults are growing up at a different time of history than their parents or grandparents. They are not part of "the greatest generation" of Depression-fueled frugal spenders. They are not coming of age in the baby boomer "me"
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TEST BANK CHAPTER 1 TRUE/FALSE QUESTIONS (T) 1. The purpose of the financial system is to bring savers and borrowers together. (F) 2. Businesses are never DSUs. (T) 3. A financial claim is an “IOU” from a deficit spending unit. (T) 4. Investment bankers help DSUs bring new primary security issues to market. (F) 5. Deposits in a credit union by a household are an example of direct finance. (F) 6. When an SSU owns a financial claim created by financial
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is A) how choices are made under conditions of scarcity. B) how money is used. C) how goods and services are produced. D) how businesses maximize profits. Answer: A Level of Difficulty: Easy 2) Managerial economics is best defined as the economic study of A) how businesses can make the most profits. B) how businesses can decide on the best use of scarce resources. C) how businesses can operate at the lowest costs. D) how businesses can sell the most products
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back then‚ economical collapsed are everywhere‚ so does in America. The Iron Curtain also affects the world‚ people were frightened. America was secretly trying to figure out The USSR’s plan‚ they were sending their CIA spies. The USSR felt threatened by The US because its NATO and they started to form an alliance with Cuba‚ which located in the south of America. Ideological differences‚ yalta and postdam‚ stalin’s policy‚ America’s policy of containment‚ the Berlin blockade‚ and NATO were the main
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advertisement. Firstly‚ we can see there are many words on the bottom of this poster. From all the texts‚ we can get this advertisement’s target is the business company and it emphasizes that they are professional by writing “プロ” with bigger font. People who take the dominant position will believe in it‚ but those who take the negotiated position or opposition position will doubt it or even think they are showing off. Secondly‚ part of the poster’s background is quite dark. The tall dark buildings
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When I walked into the C&L Frosty’s restaurant‚ I saw the picture was still hanging on the wall. Frosty’ s had been our sponsor when my fourth grade team won the little league championship. It’s been almost ten years and the photo of the winning team still hangs above the ice cream cooler. Since my parents got divorced and I moved in 8th grade‚ there have been three friends who I’ve spent numerous vacations and holidays with. These are friends that I not only still talk to and see periodically‚ but
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Politics and Government Politics and government exist in all human groups and societies. But their form has various dimensions. These two terms involve the people and the process that takes over a particular state. Both of these terms refer to the system that is in control of the country or state. Politics social processes or strategy in any position of control which people gain‚ use or lose power the pattern of growth and change in a society over the years. the art or science of government
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In this paper‚ “The American Civil War‚ Emancipation‚ and Reconstruction on the World Stage” the author‚ Edward L. Ayers‚ is analyzing the events that unfolded and led up to the Civil War so we can clearly see how one thing lead to another. However‚ at the time they occurred it was not so easy to see. Ayers view on this subject is that this war changed the face of the world. Everything that the war had brought about with the end of slavery being the most prominent also produced other outcomes just
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