Chapter 2 Economics Problem Production Possibility Frontier (PPF) -boundary between those combination you chose to produce - there is a limited about of production capabilities -curve/ boundary for production possibility - the points inside curve are attainable -all points outside ppf are unattainable Production Efficiency -using resources to maximum capacity -efficiency means that if you increase production of pizza means you must give up cola (only way—no extra resources to use)
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neo-Gospel hippie-country documentary‚ “A Poem is a Naked Person” mostly shot at his Grand Lake recording studio. The doc screened at a local vintage theater‚ the Circle Cinema‚ and Leon held court performing at a subsequent sold-out gig at the Hard Rock casino at “The Joint” amphitheater in the area. (http://www.tulsaworld.com/scene/music/leon-russell-q-and-a-circle-cinema-crowd-hears-stories/article_d1b3d18b-eb65-5b0f-9f37-a00c5ee95f31.html) The “Naked” 1973 documentary depicts the reality-distorted
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Chapter 3 of the book‚ "Worldly Philosophers" is mainly focused on Adam Smith and the "world" he belonged in. It starts off with the talk of a new vision‚ a remarkable vision that was formulated by no other than the Father of Modern Economics‚ Dr. Adam Smith. The talk of his vision was followed not only by a short biography of the renowned economist but of also brief narratives of his "absences of mind". Adam Smith was born on 1723 in Kirkcaldy‚ County Fife‚ Scotland. He was a moral philosopher
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26 year-old Thomas was driving his 700 HP Lamborghini Adventador LP 700-4 down a windy road going about 150 mph during the middle of the night. Thomas worked late at a hospital so it was usual for him to arrive home late. While driving around a blind corner‚ he sees a squirrel‚ sitting on his side of the road. He is driving way too fast too slow down now but tries to swerve to avoid the small squirrel and goes off the edge of a steep hill and rolls his new Lambo. The next morning he wakes up
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A) Joseph has many risk factors‚ one of them including his family has a history of vascular disease‚ and he had not thought much about it because he was not living a healthy life style. He had gained weight from eating fatty foods‚ and had started smoking again. Joseph had a lot of stress from working long hours‚ and did nothing when he had felt tightness in his chest. These risk factors all affect cellular function. The blood slows‚ along with oxygen‚ glucose‚ and essential ions it carries that
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Chapter 14 Firms in Competitive Markets Multiple Choice 1. A FIRM HAS MARKET POWER IF IT CAN |a. |maximize profits. | |b. |minimize costs. | |c. |influence the market price of the good it sells. | |d. |hire as many
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Chapter 5 notes Pre-colonial Economies: Earliest economies based on hunting‚ fishing and gathering food Crop cultivation/Livestock management Produce surplus food Specialize in food production of other markets Allowed to develop commercial networks - Portuguese voyages of exploration brought costal societies into contact with international economy - The demand for slaves arose with the development of European-owned sugar plantations - Most immediate economic impact of slave trade loss
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Week 2 Homework chapter3 5-Lucas invests in foreign stocks and bonds in an attempt to reduce his taxes. This is not an effective approach because of possible double taxation. The US offers a foreign tax credit‚ but retirement accounts are not eligible since they are not taxed in the US. Furthermore the rates vary between countries and a little homework needs to be done before investing in this venue. 10-Abigail is a widow who is age 80 and blind and is
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The story begins in a dark thick forest where an old cottage is left standing. The cottage shows a strong need of renovation for its worn down walls and windows. There lives a family of three who are slowly struggling with their income. The father‚ Arthur‚ works daily trying to support the family‚ but with this constant struggle‚ he is still unable to pay for rent or even put food on the table. Arthur spoke tiredly‚ “ We are almost out of bread ”. Arthur son‚ James‚ reply‚ “ I know father‚ I will
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IT DIDN’T TAKE LONG for Laura‚ and the other employees at Crawford & Anderson Mining Denver to notice Jared’s happiness. He wore it like a new well-tailored suit. It fit him well. He spent time taking care of it by going home every evening promptly at six. Saturday and Sunday mornings were spent‚ at home‚ with no phone calls from the office‚ unless it was an emergency. And he protected it by not telling anyone about the new woman in his life who’d made such a difference. Laura could not find
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