Centrally planned economy Study guides, Class notes & Summaries

The recent global economic crisis has led to which of the following? A) governments seeking to impose more constraints on capitalism B) governments seeking to eliminate constraints on capitalism C) governments seeking to increase the interdependence of developing economies D) governments seeking to eliminate the interdependence of developing economies A) governments seeking to impose more constraints on capitalism 2) Which of the following is most likely a true statement about the ...

ECO111 Full Questions and Answers Correct 100% 2023. QN=2 (17122) Mitch has $100 to spend and wants to buy either a new amplifier for his guitar or a new mp3 player to listen to music while working out. Both the amplifier and the mp3 player cost $100, so he can only buy one. This illustrates the basic concept that a. trade can make everyone better off. b. people face trade-offs c. rational people think at the margin. d. people respond to incentives. - correct answer B QN=3 (17123) Senato...

ANSC 1401 Final Exam Review Cortisol - answera hormone produced by the adrenal cortex. It is elevated during stress and has been used as a gauge for degree of stress an animal is under Dark Cutter - answeran animal which is stressed at the time of slaughter Flight or fight response - answerresponse to a perceived harmful event , attack, or threat to survival Flight zone - answerthe distance that an animal is caused to flee from the intruder, animal's personal space Point of balance - an...

ANSC 1401 Final Exam Review Cortisol - answera hormone produced by the adrenal cortex. It is elevated during stress and has been used as a gauge for degree of stress an animal is under Dark Cutter - answeran animal which is stressed at the time of slaughter Flight or fight response - answerresponse to a perceived harmful event , attack, or threat to survival Flight zone - answerthe distance that an animal is caused to flee from the intruder, animal's personal space Point of balance - an...

ECO111 Full questions and answers correct 100%| 2023 updateECO111 Full questions and answers correct 100%| 2023 update QN=1 (17143) The marginal benefit John gets from eating a fourth cheeseburger at a picnic is a. the total benefit John gets from eating four cheeseburgers minus the total benefit John gets from eating three cheeseburgers. b. the same as the total benefit of eating four cheeseburgers. c. less than the marginal cost of eating the fourth cheeseburger since he chose to eat th...

The study of economics arises due to - correct answer-Scarcity Economics is the study of the _______ people make to attain their goals, given their ______ resources. - correct answer-Choices; scarce Which of the following best describes an assumption economists make about human behavior? - correct answer-They assume that rational behavior is useful in explaining choices people make even though people may not behave rationally all the time. Consider the following statements: 1. Consume...

ECON 201 EXAM #1 TERMS!!

Macroeconomics - A branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole Microeconomics - A branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms Scarcity - The basic economic problem; the gap between limited, scarce , resources and theoretically limitless wants Opportunity cost - The next b...

IB Economics HL 2023 Ceteris paribus - ANS-all other things are being held equal positive economics - ANS-matters of economics that can be proven to be right or wrong by looking at the facts normative economics - ANS-matters of economics that are based upon opinion and so are incapable of being proven to be right or wrong scarcity - ANS-the limited availability of economic resources relative to societys unlimited demand for goods and services land - ANS-the physical factor of producti...

state autonomy is - Answer- the ability of the state to wield power independent of public and international actors Which of the following combinations of capacity and internal autonomy best fits the United States - Answer- Low autonomy, high capacity Examples of states that are not or have not been considered failed states - Answer- UK, USA, Japan, India Which of the following states most closely fits the ideal model of a nation-state? - Answer- Japan Which of the following historica...