Macroeconomics 1102 Discussion Question 5 Part (a) Consumption function: is the relation of consumption with its determinants. Graphically drawn as:. Mathematically it is written as: C = C + c(Y – T) C: Consumption Spending C: Exogenous Consumption c : Marginal Propensity to Consume (0 < c < 1) Y: Aggregate Income T: Taxes Explaining the main components: Exogenous consumption: factors other than disposable income that affect consumption. So when consumers feel optimistic
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essay we can examine how environment‚ age‚ and exposure can have an effect on the trend of cancer in cases. One of the bigger causes of cancer is environmental factors. These factors include food‚ drink‚ smoking habits and the environment around you. Smoking is one of the leading causes od lung cancer‚ and skin cancer is most commonly caused by being out in the sun too much without protection. "cancer rates differ from country to country"(document B) based on the environment they are living in. This
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Effects of War War cannot be described only as destruction and tampering and corruption in the land‚ sea and air. War causes greater harm‚ it destroy homelands and kill people and other living things. It simply steals the beauty of nature and has a very long effect on lands. The same for what happened in the Iraqi invasion of Kuwait. What happened in the Iraqi invasion led to so much damage to the side of the environment‚ and one of the serious consequences of the Iraqi invasion of Kuwait is the
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it is apparent that many people take the environment of the earth for granted. Pollution‚ energy‚ and natural resources are all seen as an environmental element that can threaten our future and destroy the environment. But there is another threat to the environment that is certainly overlooked by today’s society and was overlooked by many in the past. This element is the act of war. There are many different aspects of war that can affect the environment and the people of our world‚ but there is
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Q. Effect of heredity and environment on the development of personality. Ans. What is Personality? Personality can be defined as a dynamic and organized set of characteristics possessed by a person that uniquely influences his or her cognitions‚ motivations‚ and behaviors in various situations. Some say that personality is inherited or hereditary. Some raised the idea that it is environment that shapes one’s personality. Both are correct‚ many studies have shown that both heredity and environment
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Environment and Biological Effects on Intelligence and Achievement The definition of intelligence according to the merriam-webster dictionary is the ability to learn or understand or to deal with new or trying situations or the ability to apply knowledge to manipulate one ’s environment or to think abstractly as measured by objective criteria like IQ tests. The definition of achievement is an accomplishment‚ a result gained by effort‚ a great or heroic deed. Based on the definitions we can infer
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Introductory Microeconomics 2008 Exam Solutions Section A 1. C |Hours of tutoring per week|Total Opportunity cost |Marginal Cost |Wage Payment (Marginal | | | | |Benefit) | |0 |0 | | | |1 |$20 |$20 |$50
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PLANT BIOLOGY WITH RESPECT TO ABIOTIC STRESSES TO ENVIRONMENT [pic] Plant biology with respect to Abiotic stresses to environment Biology assignment:- Given by MAM MARYIM To Group # 4 Group members:- UMMA-E-FARWA (34) ADEEB DANISH (20) MUHAMAD SHEHZAD (33) Content • Abiotic stress • Abiotic stress conditions • Drought • Salinity • High temperature • Chilling • Flooding • Troposphere ozone • Oxidative damage • Defense mechanism
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Question 1: Assume that Econoland produces haircuts and shirts with inputs of labor. Econoland has 1000 hours of labor available. A haircut requires ½ hour of labor‚ while a shirt requires 5 hours of labor. Construct Econolands PPF. Answer 1: To construct Econolands Production Possibility Frontier (PPF) we first need to understand what is a PPF. A production possibilities frontier (PPF) is a graph showing the different quantities of two goods that an economy can efficiently produce with limited
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and firms make choices‚ how they interact in markets‚ and how the government attempts to influence their choices. Macroeconomics: The study of the economy as a whole including topics such as inflation‚ unemployment‚ and economic growth. Micro and macro are closely interwined because changes in the overall economy arise from the decisions of individual households and firms. CHAPTER 2 Trade off: The idea hat because of scarcity‚ producing more of one good or service means producing less
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