QUESTION 1 What are the THREE (3) basic economic questions that all economies must answer? Describe the differences in the way capitalism and socialism answer these questions. Scarcity‚ Choices‚ Opportunity Costs We live in a finite world. No matter how seemingly bountiful the quantity of our natural resources may be or how carefully human try to conserve them‚ if we keep using them‚ they eventually are going to run out. Our tastes for goods and services are virtually limitless and this creates
Premium Deng Xiaoping People's Republic of China Mao Zedong
Review Questions for Mid-Term 1) What constitutional clause allows laws enacted by the federal government to take priority over conflicting state laws? 2) Would it be a violation of equal protection for a state to impose a higher tax on outof-state companies doing business in the state than it imposes on in-state companies if the only reason for the tax is to protect the local firms from out-ofstate competition? Explain. 3) Jen operates Jen’s Fruits & Vegetables‚ a small market stocked entirely
Premium Blizzard Entertainment United States Constitution Copyright
28.11.2014 Economics Questions a) Explain three factors that could lead to an increase in demand for cigarettes All three factors that affect the demand curve are non-price related. This is why it affects the demand curve. The first factor that could increase the demand for cigarettes is an increase in population. There the increase in population makes the potential number of buyers increase‚ thus the demand curve shifts to the right. Another factor that can affect the demand
Premium Supply and demand Externality
Teenage Sex – The Sleepover Question Teenager‚ noun. = a young person ranging from age 13 to 19; synonym: adolescent‚ minor‚ youngster. (Encarta) Nowhere in this classification is there any restrictions what one should or shouldn’t do yet due to societal norms many things are seen as “taboo” for teens. Amy Schalet’s piece‚ Teenage Sex – The Sleepover Question‚ bring to light whether or not parents should communicate with their teens about sex and whether to promote it or forbid it. Amy raises the
Free Adolescence Teenage pregnancy Sex education
Chapter 16 Oligopoly MULTIPLE CHOICE 1. Markets with only a few sellers‚ each offering a product similar or identical to the others‚ are typically referred to as a. competitive markets. b. monopoly markets. c. monopolistically competitive markets. d. oligopoly markets. ANSWER: d. oligopoly markets. TYPE: M DIFFICULTY: 1 SECTION: 16.1 2. An oligopoly is a market in which a. there are only a few sellers‚ each offering a product similar or identical
Premium Perfect competition Monopoly Economics
Question 3 You are a member of the taxi cab union during the general strike of 1958. Give an account of your experiences during the strikes. I remember it like it was yesterday the sun was shining and I was taking another group of tourist to the British colonial‚ my name is Jason Borrows and I’m the owner of taxi number 36. The Bahamas was just getting back on its economical feet until the General strike in 1958 is was as if battle lines were drawn between an unyielding authoritarian regime
Premium Women's suffrage The Bahamas
Model Question Paper Subject Code: BC 0058 Subject Name: Data Warehouse Credits: 4 Marks: 140 Part A (One mark questions) 1. When a large number of transactions are taken and stored to be dealt with at a later time without the presence of a user‚ the process is known as ……….. a. OLTP system b. batch processing. c. Data warehousing d. None of the above. 2. OLTP stands for a. Online Transaction Processing b. Offline Transaction Processing c. Online Transfer Process d. Offline Transfer Process
Premium Data warehouse Data management
To Kill A Mocking Bird: Chapter Questions Chapter 1: 1. Chapter one serves as an introduction. Using specific quotations‚ identify the following: A. Setting “In rainy weather the streets turned to red slop; grass grew on the sidewalks‚ the courthouse sagged in the square.” [Page 6] [Paragraph 2] B. Hint of Conflict “Mrs. Radley ran screaming into the street that Arthur was killing them all” [Page 13] [Paragraph 5] C. Point of View “I did not miss her‚ but I think Jem did.” [Page 7]
Free To Kill a Mockingbird Harper Lee Atticus Finch
Question:1. What should Divan do? Situation: Prem Nath Divan has decided to retire six years earlier that the company’s retirementage of 65. Divan must decide upon his successor before he leaves. He has a personal discussionwith one of his trusted colleagues called Ramcharan Saxena.Qualifying successors:1) Ranjan Warrior (Suggested by Divan)2) Richard Crasta (Suggested by Saxena)3) An outsider (An option)INPUTS:1) Ranjan Warrior:Divan like him.Ranjan is a Divan’s Protege that means basically Ranjan
Premium Year of birth missing
Week 5 Imperialism Questions 1. Even though most of Latin America became independent of European colonial rule in the 19c‚ what were some of the cultural influences and other ties that still existed between the two continents? Between 1810 and 1825‚ all the Spanish territories on the American mainland gain their sovereignty from Spain. Simultaneously‚ the power of the Catholic Church diminishes‚ including its patronage of the visual arts. During these war-torn years‚ cultural production declines
Premium Management Strategic management Marketing