abiotic factors: An organism?s environment includes nonliving‚ or abiotic‚ features‚ such as temperature‚ sunlight‚ precipitation‚ rocks‚ ponds‚ and so forth. abrasion: particles moved by water‚ ice‚ and air can be effective in wearing away rock. active transport: the movement of a substance against its concentration gradient (from low to high concentration). Al2O3 (aluminum oxide) O ------ Al ----- O ------- Al --------- O Alleles: A version of a gene. Alternating current (AC). is electric
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Question 1: Assume that Econoland produces haircuts and shirts with inputs of labor. Econoland has 1000 hours of labor available. A haircut requires ½ hour of labor‚ while a shirt requires 5 hours of labor. Construct Econolands PPF. Answer 1: To construct Econolands Production Possibility Frontier (PPF) we first need to understand what is a PPF. A production possibilities frontier (PPF) is a graph showing the different quantities of two goods that an economy can efficiently produce with limited
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1.0 MACRO ENVIRONMENT ELEMENTS There are many factors in the macro-environment that will effect the decisions of the managers of any organization. Tax changes‚ new laws‚ trade barriers‚ demographic change and government policy changes are all examples of macro change. 1.1 Political and Legislation Factors The political-legal dimension of the general environment also affects business activity. The philosophy of the political parties in power influences business practices. The legal environment
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PART I INTRODUCTION TO ECONOMICS Demand‚ Supply‚ and Market Equilibrium 3 © 2009 Pearson Education‚ Inc. Publishing as Prentice Hall Principles of Macroeconomics 9e by Case‚ Fair and Oster PART I INTRODUCTION TO ECONOMICS CHAPTER 3 Demand‚ Supply‚ and Market Equilibrium Demand‚ Supply‚ and Market Equilibrium 3 CHAPTER OUTLINE Firms and Households: The Basic Decision-Making Units Input Markets and Output Markets: The Circular Flow Demand in Product/Output Markets Changes
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MCD2090 Revision Tutorial ( T2‚ 2012) The following questions have been taken from the weekly tutorial questions. You are expected to attempt all of the following questions before you attend tutorial in week 12. 1. Topic: Saving‚ Investment and the Financial System Terms and definitions: * * Financial system * Financial market * Financial intermediaries * Market for loanable funds * Real interest rate * Investment tax credit * Budget deficit * Budget
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HPV: Environmental co-factors and prevention in the United States Introduction Current uses of medical technologies to prevent Cervical Cancer (CC) have proven inadequate in the further reduction of morbidity. Current medical methods are effective enough to almost completely prevent mortality from CC‚ but due to the inability of the US Health Care System to implement preventative measures in a timely and thorough manner‚ an estimated 10‚400 woman will be diagnosed with CC and more than 4‚000
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If you were having a conversation with a Keynesian and a Classical economist‚ and the conversation turned to why the economy is experiencing high unemployment and what the government should do about it‚ how would each economist explain unemployment and what policies would each advocate? If I were having a conversation about why the economy is experiencing high unemployment and what the government should do about it‚ with a Keynesian and a Classical economist I think that the economists would explain
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1. Suppose that changes in bank regulations expand the availability of credit cards so that people need to hold less cash. If the central bank does not respond to this event‚ what will happen to the price level? Use a diagram to assist in answering this question. 2. Use the loanable funds model to explain what happens to interest rates and investment if a government moves from a balanced budget position to a budget surplus. 3. Suppose that the T-account for The Open Campus National
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Problem Set 1 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following topics is NOT a primary concern of macroeconomists? A) relative wages of skilled and unskilled workers B) unemployment C) differences in standards of living across countries D) fluctuations in the level of economic activity 1) 2) Primarily‚ macroeconomists use microeconomic principles to study A) business cycles and trends in the stock market
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Although both GDP and HDI measure the standard of living in a nation through one statistic‚ GDP is less comprehensive than HDI‚ making it not reflect societal well-being as all-rounded as HDI. GDP show total income of a country‚ indicating that only economic growth is taken into consideration. However‚ through means and expected years of schooling‚ life expectancy at birth and gross national income per capital‚ HDI can cover three dimensions: education‚ health and living standard‚ making HDI serve
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