Samantha Becicka Macro Study Guide Chapter 3 1 We have scarce resources so in our choices of consumption we wish to maximize the satisfaction we receive from those choices. The economist terms this maximizing the __utility_________ 2 Since it is unlikely that we can grow our own food‚ sew our own clothes or build our house‚ it would be better if we would __specialize___ in what we do best and __exchange_ for those needs that others do better 3 The term _product market___ is a place where and
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1. Why did the Framers of the Constitution opt for a federal system rather than a unitary one? The experience with British rule had soured the Founders on the idea of one government with centralized and ultimate power. The new Americans did not care if tyranny came from a central government in America rather than from across the Atlantic—they wanted to make the potential for tyranny as remote as possible. In a federal system‚ both the states and the central government are sovereign within
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1.What were the economic and political policies of the states in the post reconstruction south? Throughout the post reconstruction period‚ the Democratic party dominated in almost every political aspect and controlled most state and local government decisions. The debt and finances were a huge issue in post reconstruction politics due to the debt reaching close to 17 million dollars by the year 1875. The debt itself consisted of a variety of bonds issued during the Reconstruction period. The simplest
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Question : (TCO 4) Deming claimed that higher levels of _____ lead to higher levels of _____. Student Answer: automation‚ quality quality‚ productivity inventory‚ quality inspection‚ quality Instructor Explanation:See p. 92 Points Received: 2 of 2 Comments: 2. Question : (TCO 4) Which of the following is the primary reason for Deming ’s position that slogans should be eliminated? Student Answer: Most problems depend on the system and cannot be
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services‚ they are developing and delivering customer ________. B) experiences 5) Product planners need to consider products and services on three levels. Each level adds more customer value. The most basic level is the ________‚ which addresses the question‚ "What is the buyer really buying?" C) core customer value 6) The third level of a product that product planners must consider is a(n) ________ around the core benefit and actual product that offers additional consumer services and benefits. B)
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Reading time: 10 minutes Marks: 30 (15% of the Coursework) Number of questions to be answered: ALL Number of pages: 9 (including this page) _______________________________________________________ Task 1: Vocabulary and Critique (20 marks) Read the article entitled “Distinguishing Sex and Gender” on the following pages‚ and answer Questions 1 and 2 below. Question 1: (5 marks) Choose ANY five from the following selection of phrases from the text and explain clearly what they mean
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Final Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) ________ is a service provided by the Internet that uses universally accepted standards for storing‚ retrieving‚ formatting‚ and displaying information in a page format. 1) _______ A) E-mail B) The Web C) FTP D) HTML TRUE/FALSE. Write ’T’ if the statement is true and ’F’ if the statement is false. 2) Large
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Ms. Brooks 03/10/2012 UNIT 5 Essays Differentiate between fraud and abuse. Define fraud and abuse‚ identify at least three elements of each‚ and contrast the differences between them. Cite illustrative examples of the differences. Fraud is any and all means a person uses to gain an unfair advantage over another person. In most cases‚ to be considered fraudulent‚ an act must involve: – A false statement (oral or in writing) – About a material fact
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2.) a) proteins b.) i) Amylase ii) Protease iii) Lipase c) i) Glucose ii) Amino Acids iii) Fatty acids and Glycerol 3.) a.) Each enzyme has a unique shape that fits onto the substrate. As enzymes normally only catalyse one reaction the substrate has to fit in the specific shape (active site) and if it doesn’t fit in (lock and key method) then the enzyme won’t be catalysed. b.) As when the enzyme is denatured it’s special shape is destroyed‚ thus destroying it’s active site meaning that
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1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. Prior to 1984‚ the Corporation used principally accelerated methods for its U.S. operating plants. The cumulative effect of this change‚ which was applied retroactively to all assets previously subjected to accelerated depreciation‚ increased net income for 1984 by $11.0 million or $.93 per common and common equivalent share. The changes as defined in Note 2 are as follows:
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