ECON 305 MIDTERM A. Multiple choices 1. __________ Given that air pollution is generated as a byproduct of the production of some goods like chemicals A) GDP is adjusted downward to account for this B) GDP is adjusted upward to account for this. C) GDP tends to understate economic welfare. D) GDP tends to overstate economic welfare. E) None of the above. 2. __________ Suppose hamburgers cost $1.20 last year and $1.32 this year‚ and the overall price index (the GDP
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Name: ___________________________________ First Midterm Examination Economics 101 October 13‚ 2010 This exam has 33 questions. Unless a question explicitly says otherwise‚ assume that all demand curves slope downward‚ all supply curves slope upward‚ and there are no externalities. True/False. Mark box A for True and box B for False. Each blank answer gives you 1 point. Each correct answer adds 2 points to your score. 1. In the presence of a negative externality in the market for a
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INTRODUCTION CURRENCY APPRECIATION:- An increase in the value of one currency in terms of another. Currencies appreciate against each other for various reasons‚ including capital inflows and the state of a country ’s current account. Typically‚ a Forex trader trades a currency pair in the hopes of currency appreciation of the base currency against the counter currency. CURRENCY DEPRICIATION:- A decrease in the value of a currency with respect to other currencies. This means that the depreciated
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Homework Chapter 1 4. You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5 percent interest. What is the opportunity cost of spending the 100$ now? Answer: By spending the money right away the opportunity cost is 5 percent of 100 dollars that is 5 dollars plus the 100$ itself. So the total opportunity cost is $105‚- 5. The company that you manage has invested $5 million in developing a new product
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Music History and Appreciation 1 Journal #1 MUS K101 T2 Hildegard von Bingen “Play of Virtues” At the beginning of the song‚ it wasn’t singing instead she was talking. Then she started to sing right after she was done talking. I couldn’t follow the translation because it sounded like Latin or French. I kept listening to it over and over but I couldn’t understand what the words meant. She does have the most beautiful voice though. She sounds like an opera singer. I noticed when she
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people you find with music always blasting in their car. I’d much rather have conversations. Headphones in world out‚ has really never been my thing. I prefer the solitude and serenity of silence. I think it has to do with my mother. She was a professional dancer and for most of my life I would sit through her rehearsals listening to constant blaring of music. I found myself really taking advantage of the beauty of silence. Not to eliminate my appreciation for a good piece of music though‚ I can completely
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Art Appreciation: HUMA205 - 1401C – 01 Unit 2 - Individual Project Gwen Blackwell American Intercontinental University - Atlanta Abstract Using the terminology and concepts for evaluating art‚ a comparative study was conducted by contrasting two forms of ancient art that include a sculpture from Neo-Sumerian Art (2150 – 2100 B.C.)‚ and a sculpture from Egypt in the Middle Kingdom (2030-1640 B.C.). Although both pieces are very different in content‚ their history and function has the common
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AESTHETIC READING: READING FOR APPRECIATION AND ENJOYMENT Aesthetic reading is for entertainment. * Reading to explore one. * In Aesthetic reading‚ the reader’s attention is centered directly on what he likes through during his relationship with that particular text.” * Non-academicals purposes of reading. Aesthetic Stance is for experience * Recreational reading. * Fulfills an important function in lives. * Reading for pleasure or aesthetic reading‚ been described as “the
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CLICK TO DOWNLOAD ECO 550 Midterm Exam 1. A change in the level of an economic activity is desirable and should be undertaken as long as the marginal benefits exceed the ____. 2. The level of an economic activity should be increased to the point where the ____ is zero. 3. The ____ is the ratio of ____ to the ____. 4. The standard deviation is appropriate to compare the risk between two investments only if 5. The approximate probability of a value occurring that is greater than one
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Elizabeth Almonte HUM 104-Music Appreciation Professor: Barci Classical music in my opinion is very calm and soft‚ a type of music that to others can be very boring and would just put them to sleep. I believe that every piece of music composed and played on the radio has a message and in classical music as well‚ it just a bit more difficult to understand and listen to that message when we don’t have anyone signing it. Classical music gives us the open liberty to incorporate whatever we want
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