Economics Extended Response Outline how the production possibility frontier can be used to demonstrate opportunity cost and examine how the effects of unemployment and technical change on production in the economy. A production possibility frontier is a basic model that can examine the efficiency of an economy’s resource use‚ irrespective of the wants of that economy. A production possibility frontier is the simplest tool usable to demonstrate opportunity cost‚ at all possible combinations of
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Resolving disputes threw compromise no longer seemed possible. These dispute took place in the United States during 1820-1860. Some political disputes such as Slavery‚ political leaders‚ and successions of states made it hard for compromise. Slavery is one of the main disputes that were not compromised. Northerners thought that slavery was wrong while southerners thought that slavery was needed. Northerners wanted to end slavery as quick as possible. Slavery goes against god’s law and should
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During the 1790s‚ Americans became divided over how much power should be held by the federal government. This time period had a huge impact on the United States as the country had begun to struggle to gain stability. The actions of the nation’s leaders‚ including George Washington‚ Alexander Hamilton and Thomas Jefferson assisted in the formation of different opinions and a split within the population. Around the time of the 1790s‚ the nation was split between parties‚ Federalist and the Jeffersonian
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The definition of the efficient frontier says that “the efficient frontier represents the set of portfolios that has the maximum rate of return for every given level of risk‚ or the minimum risk for every level of return.” I plotted standard deviation on x axes and Returns on y axes to interpret efficient frontier. Exhibits also include these and the graphs you asked for as graph2: In our study‚ we concentrated on the optimal portfolios‚ the one which has the lowest volatility or risk‚ for given
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The Significance of the Frontier in American History 1893 Frederick Jackson Turner was born November 14‚ 1861 in Portage‚ Wisconsin. He is well recognized for writing the paper “The Significance of the Frontier in American History.” It is considered an influential and impacting piece of work because of the proposition he states within the thesis. Turner’s reasoning for scripting the paper was to present the issue of the dissolving American frontier. He released his disquieting thoughts about how
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The American Frontier was the extreme limit of settled land beyond which lies wilderness‚ especially referring to the western US before Pacific settlement. The development and conquering of the American Frontier was extremely important to the country because of the many benefits it would have to the country with things such as more space and more states for the country. It is explained through works like Excerpts from Frederick Jackson Turner‚ The Significance of the Frontier in American History
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The frontier has always represented a part of American culture. The idea of moving west fundamentally created the identity of the United States. America overcame the Proclamation of 1763‚ Manifest Destiny accelerated expansion‚ and finally the Homestead Act promoted the movement towards the Pacific. Frederick Turner’s Frontier Thesis stated that the expanse of land beyond the eastern cities would act as a safety net for the tensions affecting the crowded seaboard‚ and to a degree‚ Turner was correct
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When America comes to mind‚ you usually think of freedom or opportunity. That was exactly what the frontier provided. The frontier came to symbolize America for numerous of reasons. The frontier gave everyone opportunity’s including black‚ female‚ or even deprived white. With the westward expansion‚ you were allowed to build your own empire no matter your primary status. Especially with the Homestead Act now in place‚ it made the West very promising. The Homestead Act was an act that assured 160
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United States Congress the power to establish a uniform rule of naturalization. Congress in 1790 passed the first naturalization law for the United States‚ the Naturalization Act of 1790. The impact that this law had was very great‚ it allowed people who lived in America for two or more years and kept their current residence for a year or more to bale to apply for citizenship. This Naturalization Act of 1790 is the basis for immigration and naturalization acts throughout the United States. Many years
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Space is the final frontier 1. space: -outer space = region beyond earth 2. final: -last‚ ultimate‚ no more frontier beyond this 3. frontier: -an outer limit‚ especially one in which the opportunities for research and development have not been exploited 4. History of space exploration: simple overview of western countries – http://www.spacekids.co.uk/spacehistory/ includes China’s endeavors – http://en.wikipedia.org/wiki/Timeline_of_space_exploration 5. Can space be considered an unexplored
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