Which of the following is true? (Points : 1) Efficiency refers to the size of the economic pie; equality refers to how the pie is divided. Government policies usually improve upon both equality and efficiency. As long as the economic pie continually gets larger‚ no one will have to go hungry. Efficiency and equality can both be achieved if the economic pie is cut into equal pieces. 2. Pete receives $50 as a birthday gift. In deciding how to spend the money‚
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Article analysis: Pump Prices and Oil Prices: A Tale of Two Different Directions By Ernest Guillen University of Phoenix ECO/365 Ver.4 Principles of Microeconomics Instructor: Dr. Christina Espinoza-Alguera Abstract: The following article is regarding what is most important to everyone around us regarding the pricing for gasoline at the pumps. This is a topic that concerns most people on this planet‚ why are the prices for gasoline so high and is it regarding the greed of
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Supply Chain and Demand Model Michael Alberd‚ Sean Parrett‚ Patrice Watkins‚ Anndrea Barr ECO/372 March 30‚ 2015 Kathleen Byrne Supply Chain and Demand Model Supply chains and demand chains have different purposes but are similar in that they both need to work very closely together in order to be successful. Stakeholders need to possess a way to see what consumers will want to purchase and how much they will pay for it in the future. Stakeholders can be provided with a projection of information
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This pack of ECO 316 Week 1 Chapter 5 The Theory of Portfolio Allocation comprises: 5.1 Multiple Choice Questions 1) A portfolio is a 2) The theory of portfolio allocation describes 3) An asset in a portfolio always represents 4) Which of the following assets made up the largest fraction of the portfolios of U.S. households in 2006? 5) Which of the following assets made up the largest fraction of the portfolios of U.S. households in 1950? 6) Which of the following
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This document comprises ECO 203 Week 5 Final Paper Expansionary Economic Policy Expansionary Fiscal Policy: Review Chapter 7: Classical Macroeconomics and the Keynesian Challenge and Chapter 9: Taxes‚ Government Spending‚ and Fiscal Policy. Explain the actions the federal government would take while engaging in expansionary fiscal policy in terms of the following: The necessary change in taxes and government spending. The effect on aggregate demand. GDP. and employment.
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Homework Assignment Week 4: questions & problems Chapter 13 - Discussion Question # 3‚ page 539: Define aggregate planning – Also known as aggregate scheduling is concerned with determining the quantity and timing of production for the intermediate future‚ often from 3 to 18 months ahead. Chapter 13 - Discussion Question # 5‚ page 539: List the strategic objectives of aggregate planning. Which one of these is most often addressed by the quantitative techniques of aggregate planning? For manufacturers
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Proteins are the building blocks of our cells. The proteins that are in our body and ingested are broken down into amino acids and used throughout the body. Our bodies need protein to provide fuel to do the basic of functions. Protein helps to give energy and helps with muscles‚ bones‚ and cells growth. There are two different types of proteins. Complete protein provides all the amino acids that are needed within the body. Incomplete proteins provide some but not all of the necessary amino
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(are) true? a.|The timing of future profits is explicitly considered.| b.|The model provides a conceptual basis for evaluating differential levels of risk.| c.|The model is only valid for dividend-paying firms.| d.|a and b| e.|a‚ b‚ and c| 5. According to the profit-maximization goal‚ the firm should attempt to maximize short-run profits since there is too much uncertainty associated with long-run profits. a.|true| b.|false| 6. According to the innovation theory of profit‚ above-normal
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Managerial Power Leadership is one of four primary tasks of management. Within leadership is power‚ and where there is power‚ comes the affect power plays on the behavior of others. The behaviors can determine how a subordinate will act in a certain way or in certain conditions. Power is divided into five separate and distinct sources of managerial power; coercive‚ reward‚ legitimate‚ expert‚ and referent power. These five bases of power are divided in two categories‚ formal and personal power. Coercive
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Q1. What is an opportunity cost? How does the idea relate to the definition of economics? Which of the following decisions would entail the greater opportunity cost: Allocating a square block in the heart of New York City for a surface parking lot or allocating a square block at the edge of a typical suburb for such a lot? Explain. LO1 A1. Opportunity cost is the value of the next best thing forgone‚ this is always present whenever a choice is made. Economics is the social science that examines
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