Chapter Summaries Chapter 1 Introduction: About five thousand years ago‚ the people of Sumer cherished the story of Gilgamesh who is the superhero king of Uruk. When Gilgamesh learns of Enkido from a hunter‚ he sends a temple prostitute to tame him whose words and actions signal the principal traits of civilized life in Sumer. The Sumerians‚ like many others‚ equated civilization with their own lifestyles. Mesopotamia‚ Egypt and the Indus Valley civilizations all developed along river floodplains
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Chapter 4 Summary – Extra Credit Science‚ technology‚ engineering‚ and mathematics usually abbreviated STEM‚ is a crucial part of the world’s economy. The United States are currently being pressured in these particular fields‚ and numerous efforts have been made to try to enhance these areas of concentration‚ however‚ to this day these fields are still mostly dominated by males. According to the National Science Foundation many jobs today require employees to have some sort of science and math background
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I. The Economist as Scientist A. Economists Follow the Scientific Method. 1. Observations help us to develop theory. 2. Data can be collected and analyzed to evaluate theories. 3. Using data to evaluate theories is more difficult in economics than in physical science because economists are unable to generate their own data and must make do with whatever data are available. 4. Thus‚ economists pay close attention to the natural experiments offered by history. B. Assumptions Make
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Chapter 3 Multiple Choice 1. What is externality a. Looking at a problem from an external view b. A private behavior that has broader social consequences* pg 56 c. Weighing the costs and the benefits of a decision d. F 2. Who deals with externalities in a market economy a. The government* pg 56 b. Local businesses c. Volunteers d. Individuals 3. Which one of these can you have property rights on a. House b. Car c. Inventions d. All of the above* pg 66 4. What is the average cost of bringing a new
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Naked Statistics: Stripping the Dread from the Delta by Charles Wheelan breaks down the Lebron James of statistics. The Central Critical Theorem is able to draw somewhat precise conclusions from small amounts of data. The Central Critical Theorem is the power source for many of the statistical activities that involve using a sample to make inferences about a large population. Wheelan dissects the theorem by using multiple examples to support the claim that the theorem only works if large samples
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Chapter 1 Globalization: the shift towards a more integrated and interdependent world economy. Globalization of markets: is the merging of historically distinct and separate national markets into one huge global marketplace. (markets that were isolated by trade barriers and barriers of distance‚ time and culture move towards a global one) - 90% of small business firms in USA export - In Germany‚ 98% of small and mid sized companies have exposure to international markets - The most global markets
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CHAPTER – THE STORY OF VILAGE PALAMPUR Q1. How did the spread of electricity help the people of Palampur? Ans: Electricity helped farmers in running the tubewells in the field and is also used for carrying out various small scale business in the village. The electricity run tubewells‚ irrigate larger areas of land in more effective manner that Persian wheels which were earlier used to draw water from the wells to irrigate the fields. Q2. What are the different ways of increasing the production
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Chapter 9 Developing new products and managing product life cycle New product Development strategy New product can be obtained in two ways. One is through acquisition- by buying a whole company‚ a patent or a license to produce someone else’s product; other is through New product Development process. It means the development of original products‚ product improvements‚ product modifications‚ and a new brands that a firm develops through its own R&D efforts. New product brings new solutions and variety
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In the chapter the Fire Dana is home recovering from her first encounter in another dimension‚ however‚ as she is recovering she begins to feel dizzy and sick again‚ then she appears in a room with a boy who is playing with fire. As Dana watches the boy she sees that the stick he is holding has ambers of fire‚ as do the curtains. Dana acts quickly by disposing of them‚ the boy then notices her she begins to question if it’s Rufus. As they get acquainted we discover the boy is Rufus however he is
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Summary What Makes an Alcoholic Beverage? • Drinkable alcohol is obtained from the fermentation of sugar in some natural products such as grapes‚ apples‚ honey‚ or molasses. The result is some form of wine. • Beer is obtained from barley‚ after the starch has first been converted into sugar‚ fermented along with other grains and hops‚ and aged. • To obtain very strong alcoholic beverages‚ it is necessary to boil the fermented liquid and condense it later ~--bfcooling. This process‚ called distillation
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