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Economics

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Bill Klocko

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Cards in this guide (15)
If average total cost is greater than marginal cost average total cost must be increasing is the true or false

true

How are Frankenstein and Prometheus alike

Both Frankenstein and Prometheus discovered knowledge meant only for a god

The economy of the US is best described as

The United States economy is still best described as a mixed economy. It is considered thus because it involves the public, private, and international sector.

What is the opportunity cost of buying a new car

Anything that is not the car can be an oppertunity cost. for an instants an ipod or a house can be the oppertunity cost. the definiton of oppertunity cost is the value of the next best akternative given up when a choice a made.

What statement best describes the New Real Estate Industry

Flat.

What would be the opportunity cost of a new 500 federal stimulus plan

the opportunity cost would that it will put the government in big defected in order to provide temporarat relief to business and institutions and envirment so on.

What aspect of Gothic literature do the first four chapters of Frankenstein most clearly show

A supernatural event (APEX)

How did the scientific revolution contrast with the ideas of the Gothic genre

The Gothic genre focused on supernatural ideas, while the scientific revolution centered on logical ideas.

When will a cost benefit analysis be done

when will a cost benefit analysis be done

What is most clearly a motif in this passage

a gloomy setting

What is the meaning of opportunity lost

In the economical term opportunity cost means the best next alternative forgone

societies make decisions about how to produce certain goods by

considering whether companies or the government should make the goods.

which statement best describes the economic concept of scarcity

People have unlimited wants and limited resources to fulfill them.

Which description is the best example of human capital

A doctor with expertise in medicine

Governments and businesses use incentives to

convince people to make certain economic decisions.

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