Economics (Week 1) Opportunity Cost My significant other and I recently made a decision for me to quit my job and go back to school. Our decision was based on my unhappiness at work; however‚ we also started looking at the long-term financial security aspect of it. The alternatives considered were to pursue a health related job where I would be happier or‚ go back to school to acquire a nursing degree. We came to our final decision based on my dream of wanting to be a nurse. The future long-term
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In this paperwork of ECO 204 Week 1 Quiz you will find the answers on the next questions: 1. For perfectly price inelastic supply supply determines price solely. demand determines price solely. only a government can set the price. either supply or demand may set the price. 2. For Matthew‚ the marginal utility of the 9th soda in a day is positive and the marginal utility of the 10th soda in a day is zero. This implies that Matthew’s demand curve for sodas per day will
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$80 10 $60 20 $40 30 $20 40 $0 50 102. Refer to Table 5-2. Using the midpoint method‚ if the price falls from $80 to $60‚ the absolute value of the price elasticity of demand is a. 20. b. 10. c. 2.33. d. 0.43. ANS: C PTS: 1 DIF: 2 REF: 5-1 NAT: Analytic LOC: Elasticity TOP: Midpoint method | Price elasticity of demand MSC: Analytical 103. Refer to Table 5-2. Using the midpoint method‚ if the price falls from $60 to $40‚ the absolute value of the price elasticity of demand is a. 0.4. b. 1. c
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Points Awarded | 9.50 | Points Missed | 0.50 | Percentage | 95.0% | 1. The major reason for tropical deforestation is A) governments clearing forests to build cities. B) hurricane destruction of large regions. C) people clearing forests to open up land for agriculture. D) natural succession as global warming occurs. Points Earned: | 0.5/0.5 | | Correct Answer(s): | C | 2. The reason that the pronghorn antelope is not found outside North America is most likely that A) its
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Peter Quarelli Cisco Chapter 1 1. B. Companies can use a WAN connect remote locations‚ and a LAN can make a local connection in a building. D. Only WANs require a CSU/DSU to be used on the ends of the cable. 2. A. IEFT‚ C. ISO‚ D.EAI‚ F.ITU 3. A. Routers enable different IP networks or IP subnets to communicate with each other C. Path selection is one of the main functions of a router. E. Routers have a central processing unit and memory. 4. A.ROM‚ B Flash Memory
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Chapter 10 Margin Questions In what respects did Byzantium continue the patterns of the classical Roman Empire? In what ways did it diverge from those patterns? Continuance can be seen in Byzantium’s roads‚ military structures‚ centralized administration‚ imperial court‚ laws‚ and Christian organization. It can also be seen in Byzantium’s pursuit of the long-term Roman struggle with the Persian Empire. Byzantium diverged through the development of a reformed administrative system that gave appointed
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Due Date: 3/4/2013 T/F Congress may regulate any activity that has a substantial economic effect on interstate commerce. True Page 108 Judicial review refers to the power of district courts to declare a statue or governmental action unconstitutional and void. False Page 110 Taking Clause is when the government takes property for public use‚ such as to build a new freeway. True Page 118 Constitutional rights generally protect only against governmental acts. False Page 112 Congress
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HLTOHS300A CONTRIBUTE TO OHS PROCESSES Assessment activity 1: Plan work in accordance with relevant provisions of OHS legislation‚ standards‚ codes of practice/compliance codes and guidance material 1. What is the aim of OHS legislations‚ regulations‚ and codes of practice? The aim of OHS legislation is to simplify the requirements for a workplace to ensure it is safe and healthy. The legislation is the guidelines for the director of a company to make the codes of practice for their team
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Chapter 1 : Introduction to Macroeconomics 1) Which of the following is NOT a topic studied in Macroeconomics? A) gross domestic product B) the unemployment rate C) the price of IBM computers D) the inflation rate Answer: C . 2) Which of the following is a topic studied in Macroeconomics? A) gross domestic product B) the wage of auto workers C) the price of IBM computers D) the amount of pizza produced Answer: A 3) Which of the following is a topic studied in Macroeconomics? A)
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Answer Keys to iLearn of Week 5 1. Incorrect financial statements are due to errors and frauds. An accountant intentionally omitted recording $5‚500 that were received from a customer and planned to steal the money to buy a new cell phone for himself. This action is an example of error. a. True b. False 2. What key piece of legislation was passed in response to corporate accounting scandals by Enron‚ WorldCom‚ and others? a. Sarbanes-Oxley Act. b. 1933 Securities Act. c. 1934 Securities Exchange
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