CHAPTER 3 STUDY GUIDE VOCABULARY Market Economy Competitive Market Imperfect Market Monopoly Quantity Demand Law of Demand Demand Schedule Demand Curve Market Demand Normal Good Inferior Good Complements Substitutes Quantity Supplied Law of Supply Supply Schedule Supply Curve Market Supply Inputs Equilibrium Equilibrium Price Equilibrium Quantity Law of Supply and Demand Shortage Surplus REVIEW QUESTIONS (1) Name 5 things that shift demand. 1. 2. 3. 4. 5. (2) Name 5 things
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Kevin Moy Period 3 Assignment #1 Naked Economics: Undressing the Dismal Science Chapter 1 The economy is a very complex system in which consumers and retailers spend sufficient time to make themselves as wealthy as possible. In the chapter‚ the cost of something is giving up something to receive a product or service usually more than just money. Companies use different strategies to maximize profits like for an airline to distinguish between a business traveler versus a pleasure traveler
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Tiffany Escandon APUSH Zinn Chapter 9 Summary Period 8 ZINN CHAPTER 9: “Slavery without submission‚ emancipation without freedom” Zinn chapter 9 talks about slavery before and after the Civil War‚ it describes the United States Government’s support of slavery until Abraham Lincoln’s approach to end Slavery. It mentions how the slaves were kept into slavery by whipping‚ religion‚ separating families and even killing. There were many failed attempts to abolish slavery prior
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Sean Davis Macroeconomics Mr. Vincent 1/10/13 “Naked Economics” by Charles Wheelan Economics is on fundamental level of the study of scarcity. Human desires are unlimited‚ but resources aren’t and every society tries to figure out how to allocate its resources for maximum benefit. The field of economics attempts in large part‚ to help understand these resource allocations and decisions. Resources allocated largely according to the forces of supply and demand‚ and prices serve as
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Are you you? I grew up a little bit everywhere‚ traveled with my mother when I was young‚ saw a lot of places and thankfully I was able to travel and see even more because of my family. Diversity gave me the opportunity to have different perspective of reality. As growth flourishes‚ a “few” questions always come up. And as a result of answering these questions I’ve learned and figured that changing the world is a product of changing your self‚ and who would not want to be himself‚ right? What keeps
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Chapter 1 The Power of Markets Charles states as his number one point that economics is really unpredictable. He uses the Coca-Cola Company as a fine example for this. That company starts of turning out to be loss and failure but within 10 years since it started it turned out to be very profitable. Charles also states that markets are extreme powerhouses over individual’s daily lives. Markets are also self-correcting because they use prices to allocate their resources. Individuals all work
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Chapter 9 The Pursuit of Equality • • Declaration of independence claims "all men are created equal" • Most states reduced property holding requirements to vote • Less hierarchy-poorer people now reacquired to be treated with the same respect as their wealthy counterparts • indentured servitude was abolished by 1800 • Trade organizations for artists and laborers=social democracy • primogeniture (inheritance laws) were removed • Anglican church dissolved-became the Protestant Episcopal
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Fundamentals of Multinational Finance‚ 5e (Moffett et al.) Chapter 9 Transaction Exposure Multiple Choice and True/False Questions 9.1 Types of Foreign Exchange Exposure 1) ________ exposure deals with cash flows that result from existing contractual obligations. A) Operating B) Transaction C) Translation D) Economic Answer: B Diff: 1 Topic: 9.1 Types of Foreign Exchange Exposure Skill: Recognition 5) ________ exposure is the potential for accounting-derived changes in owner ’s equity
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Chapter 9 Student: ___________________________________________________________________________ 1. A stronger Korean won‚ remembering that Kia cars sold in the United States are paid for in dollars‚ means what for Kia? A. a need to hedge Japanese yen B. a use for the Euro‚ a neutral currency C. less profit D. a use for gold to protect against currency fluctuations E. more profit 2. The _____________ is a market for converting the currency of one country into that of another. A. foreign exchange
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Chapter 9 Reading and Outline Questions 1. How did the Revolution affect the following aspects of American life: democracy‚ commerce‚ religion and the separation of church and state‚ slavery‚ women’s rights? 2. How were early state constitutions structured? (A hint: think about the three branches of government we have today. Were they all present in these early Constitutions? Also‚ what was the relationship of individual states to the federal government?) 3. How was the Articles of Confederation
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