BCOR 1015 Study guides, Class notes & Summaries
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BCOR 1015 Quiz #2 - Fairness and Equality Questions and Answers 2024 with complete solution
- Exam (elaborations) • 4 pages • 2024
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According to Cohen, there are two types of reciprocity. Which type does he see as less desirable because 
it emphasizes doing things for other people because you need or want some service from them? 
a. Market reciprocity 
b. Economic reciprocity 
c. Social reciprocity 
d. Communal reciprocity - Answer-Market reciprocity 
According to Cohen, there are two types of reciprocity. Which type does he see as more desirable 
because it emphasizes doing things for other people on the basis of your commi...
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BCOR 1015 Final Exam 2023 Questions and Answers Verified
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BCOR 1015 Final Exam 2023 Questions and Answers Verified 
 
What are Hayeks views on planning and decision making? 
he believes in decentralized knowledge 
HAYEK: what is decentralized knowledge? 
spreading knowledge amongst people 
is Hayek against centralization? 
yes 
HAYEK: how does the price system coordinate resources? 
price signals are used to make decisions and send information to other groups because prices are lower or higher 
what are price signals? 
signals wrapped up in incentives;...
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BCOR 1015 Final Exam 2023 Questions and Answers Verified
- Exam (elaborations) • 4 pages • 2024
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BCOR 1015 Final Exam 2023 Questions and Answers Verified 
 
What are Hayeks views on planning and decision making? 
he believes in decentralized knowledge 
HAYEK: what is decentralized knowledge? 
spreading knowledge amongst people 
is Hayek against centralization? 
yes 
HAYEK: how does the price system coordinate resources? 
price signals are used to make decisions and send information to other groups because prices are lower or higher 
what are price signals? 
signals wrapped up in incentives;...
-
BCOR 1015 Final Exam 2023 Questions and Answers Verified
- Exam (elaborations) • 4 pages • 2024
-
- $11.49
- + learn more
BCOR 1015 Final Exam 2023 Questions and Answers Verified 
 
What are Hayeks views on planning and decision making? 
he believes in decentralized knowledge 
HAYEK: what is decentralized knowledge? 
spreading knowledge amongst people 
is Hayek against centralization? 
yes 
HAYEK: how does the price system coordinate resources? 
price signals are used to make decisions and send information to other groups because prices are lower or higher 
what are price signals? 
signals wrapped up in incentives;...
-
BCOR 1015 Final Exam 2023 Questions and Answers Verified
- Exam (elaborations) • 4 pages • 2023
-
- $8.49
- + learn more
BCOR 1015 Final Exam 2023 Questions and Answers Verified 
 
What are Hayeks views on planning and decision making? 
he believes in decentralized knowledge 
HAYEK: what is decentralized knowledge? 
spreading knowledge amongst people 
is Hayek against centralization? 
yes 
HAYEK: how does the price system coordinate resources? 
price signals are used to make decisions and send information to other groups because prices are lower or higher 
what are price signals? 
signals wrapped up in incentives;...
Want to regain your expenses?
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BCOR 1015 Final Exam 2023 Questions and Answers Verified
- Exam (elaborations) • 4 pages • 2023
-
- $11.09
- 1x sold
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BCOR 1015 Final Exam 2023 Questions and Answers Verified 
 
What are Hayeks views on planning and decision making? 
he believes in decentralized knowledge 
HAYEK: what is decentralized knowledge? 
spreading knowledge amongst people 
is Hayek against centralization? 
yes 
HAYEK: how does the price system coordinate resources? 
price signals are used to make decisions and send information to other groups because prices are lower or higher 
what are price signals? 
signals wrapped up in incentives;...
-
BCOR 1015 Final EXAM WITH VERIFIED SOLUTIONS (GRADE A+) 2023
- Exam (elaborations) • 6 pages • 2023
- Available in package deal
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- $9.29
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What are Hayeks views on planning and decision making? 
he believes in decentralized knowledge 
 
 
 
HAYEK: what is decentralized knowledge? 
spreading knowledge amongst people 
 
 
 
is Hayek against centralization? 
yes 
 
 
 
HAYEK: how does the price system coordinate resources? 
price signals are used to make decisions and send information to other groups because prices are lower or higher 
 
 
 
what are price signals? 
signals wrapped up in incentives; prices can constantly adapt and upd...
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BCOR 1015 Set Complete Questions And Answers Graded A+
- Exam (elaborations) • 10 pages • 2023
- Available in package deal
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BCOR 1015 Set Complete Questions And Answers Graded A+ 
BCOR 1015 Set Complete Questions And Answers 
Graded A+ 
"What is the problem we wish to solve when we try to construct a rational economic order?" Hayek 
Correct Answer: How to secure the best uses of resources to everyone in society, and that everyone 
have the knowledge of these uses. 
the main economic questions (rational economic problem) Correct Answer: 1. What product am I 
making 
2. who is going to make it 
3. who gets the produc...
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BCOR 1015 WOB Final Review- Terms (Modules 4-7) Satisfactory Solutions
- Exam (elaborations) • 2 pages • 2023
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BCOR 1015 WOB Final Review- Terms (Modules 4-7) Satisfactory Solutions 
BCOR 1015 WOB Final Review- Terms (Modules 4-7) Satisfactory Solutions 
BCOR 1015 WOB Final Review- Terms (Modules 4-7) Satisfactory Solutions 
BCOR 1015 WOB Final Review- Terms (Modules 4-7) Satisfactory Solutions
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BCOR 1015 Midterm To Final Terms With Complete Solutions
- Exam (elaborations) • 20 pages • 2023
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BCOR 1015 Midterm To Final Terms With Complete Solutions 
BCOR 1015 Midterm To Final Terms With Complete Solutions 
Diversity Correct Answer: all of the characteristics and experiences that define each of us as 
individuals 
System Correct Answer: an interconnected and coordinated set of elements and processes that 
converts inputs to desired outputs 
Value chain Correct Answer: all the elements and processes that add value as raw materials are 
transformed into the final products made available...
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