Econ 205 final exam Study guides, Class notes & Summaries

Econ 205 Final Exam - Questions & Answers

Econ 205 – Microeconomics: Final Exam

Blackburn agrees with Butler that not all people act so as to maximize the intensity or duration of any specific psychological state because:Question 1 options: Too many agents are irrational. Thanos killed them all. There is too much diversity in the psychological states that agents have. Question 2 (1 point) Olson argues that no one will contribute anything to a commons. (Hint: Olson is discussed by Ostrom.) Question 2 options: True False Question 3 (1 point) Which strategy do Coa...

the nursing process. - -a systematic, rational method of planning and providing nursing care. -steps of the nursing process. - -• Assessment • Diagnosing • Planning • Implementing • Evaluating -objective data - -(Signs): observable and measurable, obtained through the senses. -the importance of nursing diagnoses. - -Facilitates individual care • Defines the domain of nursing • Improves communication within the profession • Increases nursing autonomy and accountab...

Blackburn agrees with Butler that not all people act so as to maximize the intensity or duration of any specifc psychological state because: Question 1 options: Too many agents are irrational. Tha nos killed them all. There is too much diversity in the psychological states that agents have. Question 2 (1 point) Olson argues that no one will contribute anything to a commons. (Hint: Olson is discussed by Ostrom.) Question 2 options: True False Question 3 (1 point) Which strategy do Coakley & Kates...

In Peter Singer's "Famine, Affluence, and Morality," the example of the drowning child in the shallow pond was meant to illustrate that: - -We are morally obligated to prevent terrible things from happening when we can do so without making comparably significant sacrifices in the process. -Which of the following would Peter Singer recognize as a legitimate reason to keep one's money rather than donating it to poverty relief organizations? - -Donating money to poverty relief organizations ...

Economic Egalitarianism suggests that everyone should have... - -the same amount of income and wealth -Instead a doctrine of egalitarianism Frankfurt advances a doctrine of: - -Sufficiency -According to Frankfurt it is possible to compare each individual's utility for money - -False -According to Nozick equality of opportunity is problematic because it... - -Involves a conflict of rights between individuals -Creative destruction is related to... - -Economic activity when the new ind...

subsidy - -money that government gives away in a market (reverse tax) -Subsidy DWL - -(1/2)(s)(change in Q) -Subsidy incidence - -benefit of per unit subsidy -Profit - -tt=TR-TC -Fixed Cost - -Costs that do not vary with the quantity of output produced -variable costs - -costs that vary with the quantity of output produced -total cost - -TC=FC+VC -marginal cost - -MC=change in TC/ Q

ECON 205 Final Exam | Questions / Answers

ECON 205 Final Exam: Questions & Answers (Latest Update)