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1. From the definition of GDP we arrive at the following expression: c + i + g + x-m = y = c + s + t Discuss the three important economic relationships that can be derived from this expression related to the definition of GDP and explain each carefully. The expression above depicts two different ways to come up with real GDP for a country. The left side of the expression explains expenditure side of computing real GDP which can be rewritten as: y = c + i + g +x – m In real terms‚ it could
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1. The securities‚ intermediaries‚ and markets that exist to match savers and borrowers comprise the financial ________. a. system b. market c. economy d. security • 2. A contract in which a borrower promises to compensate the lender in the future is called a financial ________. a. stock b. debt c. investment d. security • 3. A contract that makes the owner of a security a part owner of the company that issued the security is known
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There is often a trade-off between equity (fairness) and efficiency • gain from trade are the advantages of specialization • economies normally move toward equilibrium • Three basic econ. questions - What to produce? How to produce? For Whom? • Three economic system ➢ all of it answer those 3 basic econ. questions ➢ types - traditional‚ command/planned‚ market ➢ most of the country are mixed economies (more than one type) Chapter 2 : Economic Models Trade-offs and Trade •
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presentation outlines essentially 3 approaches to fighting cancer: a) reduction of cancer risks‚ b) correction of cancer genes‚ and c) destruction of cancerous tissue. 3. In the Individual Assigntment 3: 10 Discoveries in the War on Cancer document is a set of 10 scientists’ discoveries. Scan the discoveries briefly. Then open the assignment submission link in Module/Week 4. In the text box‚ number from 1 to 10 for the 10 discoveries listed below. 4. Now reflect carefully on the first discovery (#1)
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physically training – single or multiple sets. We all have friends who spend at least three hours in the gym and others‚ who only spend about thirty minutes to an hour. Is it safe to argue the person in the gym for three hours is doing multiple sets‚ while the person in the gym for an hour is only doing a single set? Probably not because no one knows how many exercises the athlete is actually doing. The real discussion comes down to single or multiple sets‚ which is the better of the two for optimal
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from the samples so that one can make inferences or extrapolations from the sample to the population. This process of collecting information from a sample is referred to as sampling. A complete sample is a set of objects from a parent population that includes ALL such objects that satisfy a set of well-defined selection criteria. For example‚ a complete sample of Australian men taller than 2m would consist of a list of every Australian male taller than 2m. But it wouldn’t include German males‚ or
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Topic 10: The Transition Period I. The Free Trade Era in Europe. During the mercantilist era‚ trade was seen as a zero-sum game: one country’s gain was another country’s loss. If Spain imported more from England that she exported to England‚ she had to send specie to England to make up the difference. In the mercantilist view‚ this was viewed as a loss for Spain and a gain for England. So‚ countries established policies to encourage favorable trade balances: they subsidized export industries
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article‚ “Urban Sprawl” by Thomas J. Nechyba and Randall P. Walsh‚ the authors talk about the advantages and disadvantages of urban sprawls. They also explain the consequences of inner-city and suburbs after the urban sprawls have occurred. The problems of urban sprawls are the un-productive congestion of roads‚ high levels of metropolitan car pollution‚ lots of open space amenities‚ and un-equal provision of public goods and services. Along with the disadvantages‚ there are also a few advantages
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) Not really ( ) No ( ) 8) Do you think the décor affects whether you want to buy from Tutti Frutti or not? Yes ( ) No ( ) Partially ( ) 9) Do you have any problems with the “self-serve” method? Yes ( ) No ( ) Sometimes ( ) Not often ( ) 10) Do you have any problems with the service / staff at Tutti Frutti? Yes (
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