ANSWER KEY: MIDTERM #1 BUSN / SOCS 215 Principles of Economics (Macro) NUMERIC VALUES MAY BE CHANGED. ORDERING OF ANSWERS MAY CHANGE. NAME: _______________________________________________________ 1. The overriding reason why households and societies face many decisions is that |a. |resources are scarce. | |b. |goods and services are not scarce.
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Hands-on Python Tutorial Release 1.0 for Python Version 3.1+ Dr. Andrew N. Harrington‚ Loyola University Chicago May 31‚ 2013 CONTENTS 1 Beginning With Python 1.1 Context . . . . . . . . . . . . . . . . . . . . . . 1.2 The Python Interpreter and Idle‚ Part I . . . . . . 1.3 Whirlwind Introduction To Types and Functions 1.4 Integer Arithmetic . . . . . . . . . . . . . . . . 1.5 Strings‚ Part I . . . . . . . . . . . . . . . . . . . 1.6 Variables and Assignment . . . . . . . . . .
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money is constant‚ then the equation becomes the quantity theory of money. The quantity equation can be seen as a theory of what determines nominal GDP (the level of prices). With MV = PY (where velocity is constant)‚ then a change in the quantity of money M must cause a proportionate change in nominal income PY. That is‚ if velocity is fixed‚ then the quantity of money determines the nominal value of the economy’s output/GDP. Suppose a country has a money demand function (M/P)^d = kY‚ where
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color can vary from light orange to dark orange. The flavor of pie is sweet with a combination of different spices. The texture of the pie is usually smooth‚ but it is not uncommon to have small pieces of sweet potatoes in it; also some sweet potatoes pies have nuts has toppings which makes it not smooth. The smell of sweet potatoes pie is one that brings up memories to people‚ the smell of sweet potatoes with various species has a sweet smell. The ice cream mix is liquid‚ it is thick and creamy; it
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describes the image. · Está nevando. Module Eight Exercise A: Sports and Body Parts 1. Fill in the blank with the body part you’d most need to use to play this sport. Cuando hace sol juego al tenis con mis pies y manos. 2. Fill in the blank with the body part you’d most need to use
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less utility. Tendency for marginal utility to decline is law of diminishing marginal utility. Assumption: consumers must be rational‚ consumers only purchase two goods‚ good X & Y‚ Px= 1‚ Py= 3 consumer’s monthly income is RM 18. Base on LDMU‚ there are 2 condition to maximize satisfaction. MUX/PX = MUY/PY‚ consumer must fully utilize the given income. 3. Principles of law diminishing marginal utility Choice D will be made. At equilibrium‚ consumer maximizes his satisfaction
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His whole family has come to receive him. Dev lRrw----Satpal comes to him and hugs him. Dev dkS’kY;k dgka gS\ Satpal pqidj----He puts a tikka‚ takes off his hat. Dev D;k dj jgs gks----Satpal ;g ?kksM+s dks iguk nks---- (gives it his drives) py js b/kj vk----One guy brings a garland‚ Satpal puts it around
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know when it is time to eat on Thanksgiving because when everything is ready and set in place on the dining table. Each dish takes up a good amount of time and steps before it is ready to be served. My favorite dish for thanksgiving is sweet potato pies because it can go with everything and it is not very time consuming compared to the other dishes. The first thing my mom does is to boil one pound of sweet potatoes for 40 to 50 minutes in a pot. Burble‚ burble‚ burble. Afterwards‚ she runs cold water
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can count‚ we can add We can subtract‚ we can divide. We are gifted‚ we are witty We can dance gracefully. We can sing a happy song‚ we can tell right from wrong. We are special‚ we are nice‚ We can bake delicious pies We can name plants and birds‚ We can tell nouns from verbs. • What does children like you can do? • Who gave us these talents? 3. Christian Knowledge • God made each one of us unique. We all have different talents to show. • Let’s read a
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Introduction The willingness of consumers to purchase a product or service is the fundamental source of profit for any business. Understanding consumer behavior is the first step in making profitable pricing‚ advertising‚ product design and production decisions. In order to make marketing decisions‚ managers need to know how consumers choose the bundle of goods and services they actually purchase from all possible bundles that they could purchase. Managers should be aware of the consumer-choice
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