Economics Extended Response Outline how the production possibility frontier can be used to demonstrate opportunity cost and examine how the effects of unemployment and technical change on production in the economy. A production possibility frontier is a basic model that can examine the efficiency of an economy’s resource use‚ irrespective of the wants of that economy. A production possibility frontier is the simplest tool usable to demonstrate opportunity cost‚ at all possible combinations of
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Entering the Frontier Flight Museum was an educational‚ historical experience dating back to the first airplane in 1903 to present day airplanes. It included the history of combat airplanes‚ commercial airplanes‚ corporate and private airplanes. Walking into the main Richard W. Cree Exhibit Gallery‚ the room was divided into different labeled galleries with interesting exhibits to support each gallery. The first exhibit was the “Early Flyers” exhibit of a replica wooded hanger with the tools used
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The Western Frontier The romanticism of the west employed the frontier as the outer edge of the wave meeting “between savagery and civilization.” To historians‚ a frontier is “is not a lining of marking the start of an empty place but a zone of interaction where two or more societies vie for the use of land.’ In the “frontier thesis”‚ Frederick Turner describes the frontier as “gradually peopled.” However‚ the congress in 1862 funded the transcontinental railroad‚ the union pacific‚ and
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When America comes to mind‚ you usually think of freedom or opportunity. That was exactly what the frontier provided. The frontier came to symbolize America for numerous of reasons. The frontier gave everyone opportunity’s including black‚ female‚ or even deprived white. With the westward expansion‚ you were allowed to build your own empire no matter your primary status. Especially with the Homestead Act now in place‚ it made the West very promising. The Homestead Act was an act that assured 160
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The definition of the efficient frontier says that “the efficient frontier represents the set of portfolios that has the maximum rate of return for every given level of risk‚ or the minimum risk for every level of return.” I plotted standard deviation on x axes and Returns on y axes to interpret efficient frontier. Exhibits also include these and the graphs you asked for as graph2: In our study‚ we concentrated on the optimal portfolios‚ the one which has the lowest volatility or risk‚ for given
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“Jackson’s Frontier-and Turner’s” Historians are seen as individuals telling the common folks of the world‚ in this case the common folk of the United States‚ the events of the past. Historians do not just regurgitate facts‚ they create a narrative; mostly made up of facts‚ but also from their perspective. What individuals do not realize is historians do not miraculously know the information; they must research the information from evidence‚ from a certain period‚ making historians a type of
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SIA SWOT TOWS SFA STUDIES Strength Young Fleet Geographical diversification Strong Brand reputation Self-sustainable business model Bold and prudent management Highly competitive human resource Effective distribution channel – CRS - ABACUS Weakness No government subsidies Short of route network Too much service classification and pricey Opportunity Open Skies – government agreement between countries‚ bilateral or multilateral Strategic alliance Growth of air passenger service
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Space is the final frontier 1. space: -outer space = region beyond earth 2. final: -last‚ ultimate‚ no more frontier beyond this 3. frontier: -an outer limit‚ especially one in which the opportunities for research and development have not been exploited 4. History of space exploration: simple overview of western countries – http://www.spacekids.co.uk/spacehistory/ includes China’s endeavors – http://en.wikipedia.org/wiki/Timeline_of_space_exploration 5. Can space be considered an unexplored
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ew Summary: The New Frontiers The article “The new Frontiers” appeared in “The Harvard Business Review” in the summer edition (July – August) of 2009 and looks at the different economic shifts between the developed and developing countries which emerged as a consequence of the global economic downturn between 2007 and 2009. The author of the article Anand P. Raman is a senior editor at the magazine focused on the research of emerging market economies. The global economic development of the last
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Airlines - US - August 2012 Attitudes Toward Airlines and Airline Travel Key points The many changes to airline travel over the last few years have been absorbed by air travelers and a majority (77%) agrees that they feel comfortable with the process of flying. However‚ while air travel is familiar to them‚ most (65%) feel that it is becoming “more and more of a hassle.” The most affluent air travelers (those with a household income of at least $150K) are also the most frequent flyers and
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