Learning Team Deliverable Michelle Redd and Russell Rood ECO/561 Economics April 6‚ 2015 Week 3 This week we learned that industries consist of all firms making similar or identical products. Their market structure depends on the number of firms in the industry and the ways in which they compete. Our text discussed four basic market structures. The first market structure is perfect competition. Perfect competition occurs when numerous small firms are in competition with each other. Businesses
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good at what she does. As a female in Asia she influences so many others to stand out and make a difference because women are not really held to the highest regard in Asia. There is a divide when it comes to men; women are not equals to them in Asia. 2. Based on the excerpt from Ho Ching’s speech‚ what type of tactics does she use to influence the behavior of others? Ho Ching remains humble even though she is married to a prime minister. She addresses that has no relevance to where she has gone
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Week Four Discussion Questions What role does the environment play in preventing major chronic illness such as respiratory diseases and cancers? Are these environmental factors present where you live? * * Environment plays a big role in chronic illnesses because every time we go outside we are exposing our bodies to the sun and breathing air. Unprotected exposure to UV radiation is the most preventable risk factor for skin cancer. Pollution is bad for humans‚ the earth and animals.
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Production Capacity. High Federal Funds Rates. HOW DOES THE DISCOUNT RATE AFFECT THE DECISIONS OF BANKS IN SETTING THEIR SPECIFIC INTEREST RATES? Lower Discount Rates: 1. Banks borrow more reserves 2. Increase in loan offers. 3. Lower interest rates . Increase Discount Rates: 1. Bank reserve decrease. 2. Fewer loans offers. 3. Higher interest rates. How does monetary policy aim to avoid inflation? Contractionary monetary policy: Selling of U.S. Treasury Securities-Open Market
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consequences of the policies of the remote or recent past. b. Advocate public or collective ownership and administration of the means of production and distribution of goods. c. Argue for more governmental stimulus to help the economy. 2. Would Henry Hazlitt more likely say: B a. That government should fund public works to maintain full employment. b. The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists
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This paperwork of ECO 100 Week 2 Discussion shows the solutions to the following problems: DQ 1: Supply‚ Demand Equilibrium Professional Sport players generally are paid much more than farmers‚ factory workers‚ engineers‚ and teachers. The markets for the professional sports players‚ farmers‚ factory workers‚ engineers and teachers are generally competitive markets. Even among professional sport players‚ the salaries for players in some sports are generally significantly higher than
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Team B‚ Week 2 Reflection University of Phoenix ECO/372 January 14‚ 2013 Team B‚ Week 2 Reflection In week two‚ our class discussed two topics: supply and demand and the factors that affect it‚ and various fiscal policies. While we all learned a lot of information‚ we also struggled with certain information. Ashley learned more about aggregate supply and demand. While she’s always heard of people speaking about it‚ she never really quite knew what it was
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This document of ECO 203 Week 2 Quiz shows the solutions to the following problems: 1. The term “recession” refers to a 2. Who is NOT a loser in inflation? 3. The transfer of funds from savers to business investors takes place in the 4. If taxes increase and the AS curve is upward sloping‚ then 5. The turning points of the business cycle are called 6. As an economy recovers from a trough in the business cycle‚ 7. Short-term unemployment while searching for a new job
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ECO 365 - Week 2 Discussion Question Answers DQ 1: Why is the demand of labor a derived demand? Explain the shape of the supply of labor curve. What is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income? The concept of derived demand occurs when the demand of product exists due to demand of another product. In this case‚ demand of a labor is a form of derived demand‚ because the amount of labor hired will
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Team Reflection Paper Week 2 LAW/421 2/2013 Team Reflection Paper Week 2 The differences between substantive law vs. procedural law‚ is substantive law deals with the legal relationship between people or the people and the state. For example‚ substantive law defines degrees of murder in a case. Procedural law comprises the set of rules that govern the proceedings of the court in criminal lawsuits. For example‚ procedural law is the time allotted for one party to sue another
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