ECONOMICS (do not guess!!!!)
Which statement is false?
A.
Land is the primary factor of production used in the production of all goods and services.
B.
An entrepreneur combines all the factors of production.
C.
Growth in the economy shifts the PPC left.
D.
An economy is efficient if it maximizes utilization of all the available scarce resources.

Answers

Answer 1

Answer:

C. Growth in the economy shifts the PPC left.

Explanation:

PPC stands for production capability curve. It indicates the possibilities of goods that we can produce using the technology that we have at our disposal. PPC will increase if it goes to the right and will decrease if it goes to the left.

As the economy grow, the amount of technology invention in that country will also increased. This means that growth in economy will lead to a shift of PPC to the right.


Related Questions

Determine whether the underlined number is a statistic or a parameter. in a study of all 3567 professors at a college, it is found that 50% own a television.

Answers

Answer:

The underlined number is a Parameter.

Explanation:

Statistic and Parameter are both similar but the only difference between a statistic and parameter is that, statistic describe a sample and Parameter describe an entire population. so in this study all 3567 Professors in a college included so that is Parameter.

When encouraged to eat their fill of M&M's, people ate more when given a large rather than a small serving scoop. This most clearly reflects__________

Answers

Answer:

unit bias                                                                                      

Explanation:

Bias: The term bias is defined as the propensity of an individual to get involved in taking action or to make decisions irrationally.

Unit bias: In psychology, the term unit bias is referred to as the propensity of an individual to desire to fulfill or complete a particular task or an item. An individual tends to complete the portion of work he or she is supposed to irrespective of size and create a perception to complete that satisfies him or her.

Final answer:

People eat more M&M's with a larger scoop due to the law of diminishing marginal utility, and the psychological aspect of estimating portion size. This concept illustrates how larger serving tools can lead to increased consumption because of the perception of appropriate portion size. Marginal analysis and the budget constraint framework also influence consumer behavior.

Explanation:

The scenario where people eat more M&M's when given a large serving scoop rather than a small one reflects the concept of the law of diminishing marginal utility. This economic principle states that as you consume more of a good, the additional satisfaction you gain from consuming an additional unit decreases. This explains why you might enjoy your first scoop of ice cream greatly, but as you eat more, the pleasure you get from each additional scoop lessens.

People often adjust their intake based on perceived availability and portion expectations, a concept related to estimating portion size. When provided with a bigger tool to serve themselves, individuals may subconsciously assume a larger portion is appropriate, leading to increased consumption. This illustrates a psychological aspect where the size of the serving instrument can influence how much we consume, a phenomenon partially explained by the principle that 'Your eyes were bigger than your stomach.'

This demonstrates a combination of psychological influence on consumption and economic behavior concerning utility. It is crucial to also consider the budget constraint framework, which indicates people will carry out a marginal analysis, deciding if they would like a bit more or less of something based on its utility in combination with their financial and resource constraints.

On the first day of high school, Kaitlin overhears a group of girls calling her "goth" and "emo." She soon begins to don more black clothing, dark makeup, and seek out friends who dress the same. This is an example of:______.a. Institutionalizationb. Role playingc. Role straind. Ascribed status

Answers

Answer:

The answer is b. Role playing. more accurately known as role performance.

Explanation:

Role performance is described as the way each person decides to express himself. It is based on the idea that we try to make others perceive us as we expect them to do it.

Role performance has often been compared to acting on a stage, and for this reason it was called "dramaturgy" by sociologist Erving Goffman.

Maria is 80 years old and is learning how to speak French and play the guitar for the first time. This new skill development is a good example of______________.

Answers

Answer:

plasticity

Explanation:

Plasticity -

It refers to the ability or the feature for the life long skills learning or relearning process , is referred to as plasticity.

It is the capacity of the central nervous system of the human being to change the existing cortical structures and functions due to any type of injury , training or learning process.

Hence, from the given scenario of the question,

The skill development process in Maria is the example of plasticity.  

Which of the following choices best illustrates the concept of Adam Smith's "invisible hand"? A Vietnamese farmer grows rice, an exporter ships it to the United States, and a grocer in New York sells it to a customer. A fishery's stock of fish becomes depleted due to overfishing as boats from around the world converge. A government regulates a firm to clean up the pollutants the firm has released as part of its production process. An apartment building that provides much-needed housing is built on the site of the only playground for children in that town.

Answers

Answer: B is correct (story about fishery´s stock).

Explanation: in this case "invisible hand" (i.e. law of offer and demand on the market) means increasing offer exceeded demand on the market and the result = fishery´s stock got depleted.

Final answer:

The best illustration of Adam Smith's "invisible hand" is the Vietnamese farmer growing rice, being exported, and sold in New York, as it shows how self-interest can lead to market efficiency. A is correct.

Explanation:

The concept of Adam Smith's "invisible hand" refers to the self-regulating nature of the marketplace that guides self-interested individuals to unintentionally contribute to the overall good of society through their pursuit of personal gain. Among the choices provided, the one that best illustrates this concept is: A Vietnamese farmer grows rice, an exporter ships it to the United States, and a grocer in New York sells it to a customer.

This example demonstrates how individuals, each pursuing their own self-interest, contribute to an efficient market outcome where resources are allocated based on the demands of consumers without the need for central planning or direction.

According to your textbook, "Now that you know about my interest in photography, allow me to share with you my passion for snowboarding" is an example of a

Answers

Answer:

Transition

Explanation:

Transitions are words and phrases that link ideas, sentences, and paragraphs to one another.

Naseeb disagrees with his classmates on an issue. During a class discussion of the issue, Naseeb is MOST likely to conform to his classmates' opinion if he______________.

Answers

Answer:

Considers that the rest of the class is unanimous in its position

Explain the religious, social, and political developments that accompany early urbanization from 3500 to 2000 BCE. What is the meaning of the phrase division of labor?

Answers

Answer:

There was an exodus of immigrants coming into the growing cities, in search of a livelihood. As a result, industries experienced new levels of market growth. There was also a wide practice of religion and politics was associated with some levels of corruptions.

Explanation:

The religious, social and political developments that accompanied early urbanization from 3500 to 2000 BCE, was an exodus of immigrants trooping into the fast rising cities, as immigrants were in dire need for employments. Also, religion was widely practiced by these immigrants.

According to Vygotsky, ______________ establish the institutions that promote development by providing opportunities for cognitive growth

Answers

Answer:

Culture and society

Marie was involved in a car accident when her car was struck by Carlos who had run a stop-light. She is planning to sue Carlos for damages to her car and herself. What is the initial step in this lawsuit?

Answers

Answer:File a complaint

Explanation:legally a complaint is a legal and formal document which state all the facts and legal reasons why a plaintiff believes that he or she has been wronged by the defendant , it is a support statement which backs up the claim made by the plaintiff and it is the one against which the defendant has to answer.

Many great thinkers from history were interested in questions that today would be called "psychological." What did these pre-psychologists have in common with modern psychologists

Answers

Psychology is a field of study where the mind and behavior are examined. Each and everything that we do is connected to our mind and thus, psychology. It plays a great role in changing our behavior and actions.

Psychologists treat their patients through psychotherapy. When they talk to them about their problems. Our mind is a very complex machine and as no two persons fingerprint match same is with their mind everyone's minds is different.

 

Pre- psychologist and modern psychologists have many things in common such as:

Focus on the mind- Both modern and pre-psychologists focused on the mind the basic consciousness.Scientific view point- Pre and modern psychologists used Scientific approach to take on their studies.Research- Both modern and pre psychologist used research as their tool to collect data analyze the findings.

Hence, we can say that pre- psychologists and modern used the same approach in their study.


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Final answer:

Pre-psychologists, also known as early philosophers, explored questions related to the human mind and behavior. They shared common interests and goals with modern psychologists, although their approaches and methodologies differed. Modern psychologists build upon the ideas and theories proposed by these pre-psychologists, using scientific methods and empirical research to further understand the complexities of the human mind and behavior.

Explanation:

Pre-psychologists, also known as early philosophers, were interested in understanding the human mind and behavior long before the formal establishment of psychology as a scientific discipline. These thinkers explored various psychological concepts and theories, laying the foundation for modern psychology.

Some notable pre-psychologists include Socrates, Plato, Aristotle, and Descartes. They pondered questions related to consciousness, perception, memory, emotions, and the nature of the self. While their approaches and methodologies differed from those of modern psychologists, they shared common interests and goals.

Modern psychologists build upon the ideas and theories proposed by these pre-psychologists, incorporating scientific methods and empirical research to further understand the complexities of the human mind and behavior.

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How does the inset map at the top of the page help explain why Hitler was expecting the invasion to cross from Dover to Calais over the Strait of Dover?

Answers

Answer:

Hitler expected an invasion over the Strait of Dover because it is the geographical point with the shortest distance between Great Britain and Mainland Europe, more specifically: France.

Hitler did not expect an invasion through the English Channel to land on the Normandy coast, because the distance from Normandy to England is over 100 miles, the weather is cloudy and rainy for most of the year, and Normandy was heavily protected by the Nazi Army.

Based on what is known about basic emotions and facial expressions, one can expect that when someone smiles at a member of a tribe met in the depths of a rain forest, the person will most likely think the person is:

Answers

Answer:

The person being friendly.

Explanation:

A smile is a basic and almost universal facial expression that in most cultures indicates happiness, joy, contempt or satisfaction.

A person smiling to another member of their tribe will usually be taken as a sign of approval.

You fail a test and think, "It's the teacher's fault; he's a horrible professor," yet when you do well on another test in the same course, you think, "I am such a wonderful student!" What is the underlying reason for these thoughts?

Answers

Answer:self-serving attributional bias

Explanation:The self-serving bias is a tendency of attributing every good thing or positive results to only your effort and attributes any negative outcomes to the external factors .

For example when you fail the exam you attribute this to your teacher as being a horrible professor but if your got higher marks you will attribute that to your own effort.

The thought process of attributing success to oneself and failure to external factors such as a teacher's ability is known as self-serving bias, an aspect of attribution theory which plays a role in how individuals interpret events and their outcomes.

The underlying reason for these thoughts is attributed to self-serving bias, a common cognitive or attributional error where individuals attribute positive outcomes to internal factors, such as their own intelligence or hard work, and negative outcomes to external factors, like the difficulty of the task or external influences. This bias helps maintain self-esteem and is a part of the broader concept of attribution theory, which examines how individuals interpret events and how this relates to their thinking and behavior. The effect can also relate to the Pygmalion effect, where the expectations and beliefs about our own abilities influence our performance.

A monetary fine, harsh words, and a raised fist are examples of: a. negative sanctions b. situational norms c. cultural reinforcements d. cultural universals

Answers

Answer:

The correct answer is (a) negative sanctions.

Explanation:

Negative sanctions are punishments for violation of social norms which serve as interim measures. The effects are not long lasting as they only suppress undesirable behaviours.

Dr. Sanchez is investigating a new theory of speech development in infants. She begins by conducting a cross-sectional study to determine how speech progresses from infancy to early childhood. From there, she uses that information to conduct an experiment that trains several parents to interact with their infants in certain ways she thinks will enhance their speech. She then follows up on these children every 4 months for 3 years. Dr. Sanchez is using the ________ approach.

Answers

Answer:

The answer is: Dr. Sanchez is using the converging methods approach.

Explanation:

The converging methods apporach is a recent approach in the field of developmental psychology. The main assumption is that researchers can use a variety of methodological tools and methods, to answer both new and classical developmental questions. In this case, the research design that Dr. Sanchez is using involves a cross-sectional study, an experimental design and a longitudinal study. All of the methods take place at different stages of the research and all of them shed light on a different angle of speech development.

Ethical formalism is illustrated in which of the following:

a.The openness in communication is deemed fundamental.
b.The weakest argument for raising the ethics bar boils down to self-interest.
c.Loss of confidence in an organization is the greatest downside of unethical behavior.
d.The greatest happiness of the greatest number is the foundation of morals and legislation.
e.The standards of morality are undoubtedly flexible.

Answers

Answer:

d.The greatest happiness of the greatest number is the foundation of morals and legislation.

Explanation:

Ethical formalism refers to complete moral principles and laws, thus it is the greatest happiness of the greatest number related to the foundation of morals and legislation.

Ethical formalism, is associated to moral laws, formalities, and legislation.

Other things being equal, a nation with democratic political institutions is clearly more attractive as a place in which to do business than a nation that lacks democratic institutions.
(A) True(B) False

Answers

Answer:

The answer is True, a nation with democratic political institutions is clearly more attractive as a place in which to do business than a nation that lacks democratic institutions.

Explanation:

A democratic political institution is an institution where the entire population of a country or nation can vote to select their next leaders. Leaders are not imposed but voted into power and can also be impeached.

A nation with democratic political institutions is preferred for business because the people select leaders base on their expectations and aspire for change with a new government.

Mary is a 75-year-old widow. She loves to garden, read, and walk her dog. She has a few close friends and a supportive family. Research on age and happiness suggests that Mary is:

Answers

Answer: Similarly happy as other age group people

Explanation:

Happiness is the feeling of pleasure and satisfaction that is achieved by someone through activities, tasks, deed, act, or sometimes without anything.Every age group has certain happiness reasons and factors to be happy.Researches suggest that happiest age group is found to be after 70-years.

According to the question, Mary is as happy as other age group people are because she is pursuing the activities she loves like reading, gardening etc and also has close friend with loving family.She is 75 years old and thus she is having happy life as other people.

John took an assessment of depression and got a high score. Later on that month he checked into a hospital for suicidal thoughts. The assessment he took likely has _________

Answers

Answer: Precised predictive validity

Explanation:

Predictive validity is defined as the validity that is used for prediction of future outcomes through the present measures in any particular situation.It has some accuracy in prediction of score because the measures are done in terms of related criterion.This method helps in decision making and enhancing the precision.

According to the question, test taken by John can have good predictive validity because he got high score in depression test. Suicidal thought checkup can also reveal strong level in predicting the depression which is precise according to prediction of assessment..

Final answer:

The assessment that John took likely measured his depression.

Explanation:

The assessment that John took likely has measured his depression. A high score on a depression assessment suggests that John may be experiencing significant depressive symptoms. This can be an important indication for seeking professional help and support.

Mr. Jacobs wants to find out whether a new program for teaching physical education promotes students' physical development. He gives his students a number of tests before they begin the program (pretests) and the same tests again after they have been in the program for eight months (posttests). He finds that the students' posttest scores are higher than their pretest scores and so concludes that the program is effective. What is definitely wrong with Mr. Jacobs' conclusion?

Answers

Answer:

The one thing that is wrong with Mr. Jacobs' conclusion is that he has failed to consider that there can be other possible explanations for his results.

Explanation:

The fact that Mr. Jacobs conducted a 're-test' with the same questions in the test can be deemed to be a possibility behind the results of the tests having come out positive. Other than that, it can be considered that not the new method of physical education, but some other activity done by the students over the span of 8 months might have made the students better at the test.

A dissenting opinion is an opinion of a judge who disagrees with the outcome and reasoning employed by the court majority. A. True B. False

Answers

Answer:

That statement is True.

Explanation:

In a Jury trial, the judge only play the role as some sort of moderator to ensure that the trial run properly. The judge is not the one that make the verdict, the juries do.

So, there will be some cases where the decisions made by the juries is not aligned with the judge's opinion. In such situation, the judge could create a dissenting opinion. It is some sort of paper that the judge makes to explain his position. He will the legal reason why he doesn't agree with the Juries' opinion. This opinion will be posted for the public to see so we can make better judgement in the future.

Why did the French Tribunal order execution of Maximilien Robespierre, one of the leaders of the revolution and new government?

Answers

Answer:

The answer is stated below.

Explanation:

Maximilian Robespierre was an outstanding spokesperson for the French revolution. Gradually he became the most powerful man in France and had full control over the revolutionary government. But he himself started a rule of terror in which any voice against the revolutionary government was met with execution. Other revolutionaries fed up with this reign of terror made him arrested and executed.

If a client asks whether it would be beneficial to add a second bathroom to increase profit on the sale of the home, what would be the appropriate response?I would be happy to do some research or analysis and speak to a construction expert on costs to determine if it''s worth it I would be happy to do some research or analysis and speak to a construction expert on costs to determine if it''s worth it

Answers

Answer:It will sure be profitable attaching additional bathroom to a house for sale.

Explanation:The price of houses on sales are influenced by certain factors such as the quality of the house,the location and sizes and room spaces in the house,the level of convenience in the house and etc.It therefore explains that having more conveniences in a house will automatically increased the price and worth of the house.Larger families who seek for more conveniences might definitely subscribe to it.

The seller cannot withhold property from a "protected class" individual, and the real estate professional must definitely not be involved should this happen. If this does occur:

Answers

Answer:

Both the agent and the seller may find themselves in breach of fair housing laws.

Explanation:

The seven protected classes under fair housing are: disability, national origin, race, sex, religion, colour, familial status. The Fair Housing Act makes bullying people illegal based

on the above 7 classes. This forbids sexual harassment as well among other things.

Judd has been drinking heavily for a number of years. When he is not drinking, he experiences profuse sweating and shakes. This indicates that Judd ________

Answers

It indicates that Judd is an alcoholic (addicted to alcohol) and even he stops drinking he starts to experience withdrawals.

Along with liberal and conservative, you have probably heard the terms "left" applied to liberals and "right" applied to conservatives. where did these terms come from?

Answers

Answer:

The French Revolution

Explanation:

The terms ´left´ and ´right´ date from the French Revolution, where the members of the National Assembly would sit accordingly to their own views on the monarchy; those whose views aligned with the dismantling of Louis XVI´s reign would sit on the left, while those loyal to the monarch would sit on the right.

Sports reporters fully believe that their own predictions about who will score the winning touchdown will actually come true most clearly demonstrates _________

Answers

: Sports reporters fully believe that their own predictions about who will score the winning touchdown will actually come true most clearly demonstrates overconfidence.

: When someone feels too much of confidence or extensive confidence inside him/her then it lead to overconfidence. In the given example sports reporters have overconfidence about their prediction. They are absolutely sure that the final outcome will be what they predict only nothing less or nothing more. The overconfidence lead a person’s understanding of his own ability in that present situation, the person misjudged his capacity and get too much confident on it which lead to loss for him/her.

Overconfidence sometimes lead to rudeness and disrespect in person’s behaviour or sometimes the person has to be victim by these kind of problems just because of his misjudgement of his ability and his excessive amount of confidence. It cause when a person starts to believe that his power of senses is truly right and unchallengeable.

What is a common approach used in the discipline of systems analysis and design to understand the ways systems operate and to chart process flows and interdependency studies? Select one: a. database diagramming b. network diagramming c. application diagramming d. systems diagramming

Answers

Answer: (D) System diagramming

Explanation:

 The system diagramming is known as the common approach or method that is used for the system analysis and also used for designing for understanding the various types of function and operation in the given char flow.

 The main objective of the system diagramming is that it helps in understanding the different types of complex system by using some useful information or data.

This system is basically refers as the visual model that is typically used for the system designing and it is also called as one of the most powerful tool.

 Therefore, Option (D) is correct answer.

Final answer:

Systems diagramming is a common approach in systems analysis and design. This technique visually maps the operation of a system, illustrating how its components interact. It includes processes that follow both consistent and varying pathways.

Explanation:

The discipline of systems analysis and design commonly uses systems diagramming to understand how systems operate and to chart process flows and interdependency studies. Here's why:

Systems diagramming provides a pictorial representation of a system's components and their interactions. This approach helps to visualize the different parts of a system and how they interrelate with each other. It encompasses two processes: process A where the system follows the same path for every cycle, and process B where the system follows a different path for every cycle. For example, in a computer network, a systems diagram can depict how data flows from one component to another, showing both regular (process A) and irregular (process B) pathways.

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"________ are groups to which an individual wishes to belong, as when a teenage basketball player hopes to play someday for the Los Angeles Lakers."

Answers

Answer:

Aspirational groups

Explanation:

Aspirational groups are groups to which an individual wishes to belong, as when a teenage basketball player hopes to play someday for the Los Angeles Lakers."

Aspirational groups are groups which an individual wish to join such as when a teenage wishes to be an actor someday while non-aspirational groups are groups an individual wishes to detach from, e.g. a teenager will not want to become a junkie so he will dissociate from any such group.

There are different kinds of groups. Aspirational groups are groups to which an individual wishes to belong, as when a teenage basketball player hopes to play someday for the Los Angeles Lakers.

An aspirational group can be said to be an actual group that is known by their interaction and interpersonal structures example is a professional association, a sports team etc.

They are also defined as an aggregation of people who wants to have one or more shared similarities. They are also known to be reference group that people wishes to join.

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