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Economics

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Candace Okuneva

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Cards in this guide (24)
What is God

In Islam:

God is the powerful authority of universe as MUSLIM believe.

In Judaism:

  • God is One. The concept of a dualism (as in Zoroastrianism), an independent Satan, multiple gods (polytheism; paganism) or a trinity of three in one, are all unimaginable in Judaism. Also, any belief that an intermediary between humanity and God should be used, whether as necessary or even optional, is considered heretical.
  • God is non-physical, indivisible and incomparable. Jewish tradition teaches that God is beyond human comprehension; and that it is only God's revealed deeds, as He interacts with mankind and the world, that we can begin to grasp. His names indicate His attributes and the ways in which He relates to us.
  • God is omniscient (He is aware of everything), and infinitely wise.
  • God created the universe and all existence, including time and space, in a deliberate, purposeful act of benevolent Creation.
  • God is the mover of everything. No molecule can move without the energy and direction with which God imbues it.
  • God is eternal; and His ways are also eternal. He is not capricious, forgetful or fickle.
  • God is just. He rewards good and punishes evil - whether in this world or in the afterlife.
  • God is ethical and moral; and He expects us to imitate His ways.
  • The God of Israel is the God of Abraham, Isaac and Jacob. He is the guide of history, who delivered the Israelites from Egyptian slavery.
  • God is the source of law, who gave the Torah to the Israelites at Mount Sinai.
  • God is immanent and personal, meaning that he relates to humanity and hears our prayers. This is the basis of the Psalms and our siddur (prayerbook).
Touch typing is an example of a way that technology is improved by new

method

Technological advancement can come from improved devices or new

Technological advancement can come from improved devices or new METHOD

Which of the following are useful for conducting market research

Focus groups Focus groups

Which of the following best describes the purpose of advertising

to transmit product messages to an audience

In economics workers are both producers and which of the following

Consumers

Advertising is the main source of revenue for which of the following industries

Media

When might a country specialize in producing a particular good

When a country has an absolute advantage in production of that good it may specialize in producing that good.

A system involves the direct exchange of goods and services without the use of money as a medium of exchange

A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.

What do producers look to increase when making technological improvements in the game of economics

Productivity
productivity

In economics All goods and services that exist must be made by

workers

Which of the following identifies the reason why producers try to minimize costs an maximize revenue

the profit motive

What is the influence of branding on price sensitivity

The main purpose of branding products is to create relatively inelastic demand for the product

What is the biggest problem for customers who need to use their credit card to take money from an ATM

so that people won't easily hack your acc and won't be easily take your money?

Does Austria has a gdp

Yes. GDP stands for Gross Domestic Product, all nations have a GDP

How can you apply McKinsey 7S model to the automotive industry

You don't. The McKinsey 7S model is used for organizations or companies, not for industries.

Which of the following accurately explains how profit is calculated (Apex)

cost are subtracted from revenues

What accurately explains what an exchange rate of 120 between the Canadian dollar in Japanese yen means

It only takes one Canadian dollar to buy 20 Japanese yen

When technology advances which of the following will always take place

gggg

How does the internet enable people to make economic decisions better

Information is critical for making good decisions

Which is the market structure of the media industry

Market structure of the media industry: Oligopoly

Ask us of the following most accurately explains why fiat money differs from commodity money

Fiat money has value bc the gov. declares that it has value.

Ask us of these describes what can happen with an adjustable-rate mortgage

Excuse

If the exchange rate between British pounds and U.S. dollars is 1 to 1.5 is true

0.8 British pounds = $1

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