April 30, 2016
1. There are fundamental elements of economic development. The first key element of
development is technological improvement or the innovation in production processes
that expand the capabilit
February 23, 2016
Unit 2 HW
1. A. Labor productivity is greater for the wooden cabinets because it requires less workers to
produce the same amount of product.
B. Each cabinet maker can produce 2 cabinets, but each c
International Econ Issues
March 1, 2016
1. Factor endowments include the labor and capital a country possesses for manufacturing and can
compare labor-to-capital ratios between to production processes. This can decide the
March 6, 2016
The vendor is itvision. There are a couple different drivers that itvision provides services for
including reduce risk, reduce cost, increase productivity, and increase staff satisfaction and
International Econ Issues
March 26, 2016
1. It shifts up in an amount equal to the tax. If it were to decrease in supply, then the
market price increases, increasing taxes. If the seller were to raise the prices by the full
February 14, 2016
There are seven major components: report header, page header, group header, detail lines,
group footer, page footer, report footer.
1. Report header-first page of the report, has the companies name
March 21, 2016
Checkpoints are used to save progress in a document. Much like a video game, at certain points
it will save the document as a contingency plan for computer failure.
Routing verification procedures hel
February 7, 2016
17. Data warehouses are used to pool separate applications into a large common body of
information. Though theyre rarely current, older information can be used for security breaches
and have to have 4 ch
February 28, 2016
1. Employee identification number on a computer file
Block codes describe employee id because they are served for a specific use
2. Product number for a sales catalog
Group codes are numbers on sale
January 31, 2016
Field-Information that describes a person, event, or thing in the database; attributes, columns
File-a set of common records that form a file or using databases or tables
Record-stores all of the inf
Quiz Ch 4 Econ 3003
1. When consumers do not have enough time or opportunity to avoid price
increases, governments can levy sales taxes that distort resource
allocations among producers to a smaller degree.
2. If domestic producers
Chapter 2 questions
If a nominal price changes suddenly and no other prices have changed, is the
change in the nominal price also a real price?
If data are consistent with the predictions of a model that assumes rational
behavior, can we conclude th
Chapter 1 Questions
1. What prevents a person from having everything they can conceivably want at any given
People can have unlimited wants, but there are not unlimited resources. Scarcity is why
people cant get everything they want.
2. Why would
According to the principle of comparative advantage, worldwide output and consumption levels
will be highest when goods are produced in nations where:
A) domestic opportunity costs are lowest.
The equality-efficiency trade-off suggests that:
A) welfare programs stimulate incentives to work.
B) inefficiencies result when income is transferred from rich to poor.
C) noncash transfers are
The goal of product differentiation and advertising in monopolistic competition is to make:
A) the firm allocatively efficient even if it is not productively efficient.
B) the firm productively
A stock reflecting, at a given time, the financial and real assets an individual has accumulated
D) noncash transfers.
Table for Individual Question Feed
Answer the question based on the table below.
At what point on the table would a purely competitive firm cover all of its costs and earn only
A) Q = 5
B) Q = 10
C) Q = 15
D) Q =