EC 1101 Study Questions Fall 2012 Chapter 5 Market failures‚ public goods and externalities 1. Explain the functions of government in an economy. Why do governments intervene in markets? 2. (a) Using the concept of allocative efficiency‚ explain the meaning of “market failure” and “externality”. Why is this is a type of market failure? (b) Explain the difference between the market equilibrium output and the efficient level of output when there are (i) negative externalities and (ii) positive
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Act 1 Scene 1 Questions 1. From Roderigo’s first speech it appears that he paid Iago for something? Can you tell what it is? So that he will help win over Desdemona’s heart 2. Iago say he hates Othello for what reason? Iago hates Othello because he didn’t get the promotion and Michael Cassio did and Iago thinks he is the one who deserves it 3. What does Iago say of Cassio? Iago says that Cassio is undeserving as he has no experience and only has book knowledge 4. What two kinds of followers are there
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1. Explain how Hegel’s historical materialism ties to further the idea that the world is constantly perfecting itself. Be sure to explain how the Hegelian dialect works in full detail. Use parliamentary democracy or the institution of science to show Hegel’s philosophy of reality works. 2. Explain the Lockean proviso in depth using examples. Explain how money & capital circumvents the Lockean Proviso. As such‚ do you think family inheritances should be legal or heavily taxed? John Locke theory
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Chapter 10: Savings‚ Investment Spending and the Financial System 1. Given the following information about the closed economy of Brittania‚ what is the level of investment spending and private savings‚ and what is the budget balance? What is the relationship among the three? Is national savings equal to investment spending? There are no government transfers. GDP= $1‚000 million T= $50 million C= $850 million G= $100 million Investment spending is $50 million. The budget balance is
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Unit 2 Chapter Focus Questions Chapter 6: The Duel for North America 1. “Why was the French empire ultimately so much less successful than either the Spanish or the British empires?” France was a late player in the settling game of the New World. During the 1500s it was ravaged by wars and internal conflict‚ most of these were caused from the Roman Catholics at odds with the Protestant Huguenots. Also‚ once the colonies were created settlers did not stay‚ many either came home or never
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Identify and explain the rules for ethical decision making. Based upon local and global factors‚ why should managers behave ethically? There are four ethical decision making rules. The ethical decision making rules are utilitarian‚ moral rights‚ justice‚ and practical rules. These rules are helpful guiding principles that assist managers when deciding on the appropriate way to behave in situations where it is necessary to balance a company’s self- interest and the interests of its stakeholders
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there is a vertical magnetic field ‘B’ in the region‚ the e.m.f. induced across the ends of the rod is : (1) 22B 2 ω (2) 2 3B 2 ω (3) 2 4B 2 ω (4) 2 5B 2 ω 2. (4) V = () 3 2 v B d x Bdx × ⋅ = ω ∫∫ V = 25B 2 ω 3. This question has statement I and Statement II. Of the four choice given after the statements‚ choose the one that best describes the two statements. Statement – I : A Point particle of mass m moving with speed v collides with stationary point particle of mass
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Question Although New England and the Chesapeake region were settled largely by people of English origin‚ by 1700 the regions developed into two distinct societies. Why did this difference in development occur and in what ways were these societies different? Introduction and Thesis The east coast of North America was settled by Englishmen of the same ethnicity‚ but by 1700 they had developed into two distinct societies. Body Paragraph 1 – Founded for different purposes and under different
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This list shows all of the questions that you missed in the session you just completed. The answer you selected is in bold. The correct answer is highlighted inyellow. #4. All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT a)Any type of insurance policy may be used. b)The employer pays a bonus to a selected employee to fund the policy c)It is considered a nonqualified employee benefit. d)The policy is owned by the company. The policy
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Chapter Focus Questions Directions: Answer the questions below and turn in by each due date. They should be written in ink (not typed). Chapter One: New World Beginnings 1. What was Native American society like before European contact? What similarities and differences existed? 2. What factors led to Europe’s increased exploration and to the discovery of the New World? 3. What was the role of conquistadores and encomienda in establishing a Spanish Empire in the New World? 4. What was the
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