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economics

Econ 2.08

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Career: Computer Scientist Income (before tax) $120,000.00 Total Yearly Budget $65,000 Total Yearly Expenses $54,381 Net Income (after tax) $86,016.25 Difference (net income minus expenses) $31,635.25 Entertainment Yearly Cost Video/DVD ?$20 Vacation ?$700 Other ?$300 Subtotals ?$1020 Other Credit Debt Yearly Cost Student Loan ?$6,000 Credit Card ?$500 Credit Card ?$500 Other ?$300 Subtotals ?$7,300 Utilities Yearly Cost Phone and/or Cell Phone ?$720 Cable and Internet ?$840 Electric and Gas ?$1220 Water and Sewer ?$650 Waste Removal ?$300 Subtotals ?$3730 Personal Care Yearly Cost Health Insurance ?$3,420 Other Medical Costs ?$400 Hair/Nails ?$50 Clothing & Laundry ?$300 Health Club

Econ 1.05

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An increase in the curve could be due to the improvement in the technology of the machines that made the Bluetooth headphones. The headphones are being produced quicker which leads to an increase in supply. A decrease in the curve can be caused by the price of the components that are used to create the headphones increasing. This leads to a decrease in supply.
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Econ 1.04

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In the curve labeled D2, both the demand and price decreased for the waterproof iPhone case. Tastes and preferences could play a huge part in this decrease because of the poor quality of the case. People realized that the quality of the case wasn?t so great and the effectiveness of the waterproof element of the case didn?t work so well. In the curve D1, an increase in demand for the case could be caused by people hearing that the prices will be going up in the future. The people expect the price of the case to increase so more people are willing to buy it now.
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Economics 3.05

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What product market did you choose for this data to represent? Explain why. I chose Nike Free Runs because they can reach pretty high prices are a popular type of shoes. At which price and quantity does marginal cost nearly equal marginal revenue without exceeding it? Highlight this point on your graph. Between a quantity of 5 & 6 pairs of shoes at $160. If you were in business for this product, at which price and quantity level would you sell? Explain why. I would sell the shoes for $160 and a quantity of 5 pairs because it?s when I can maximize my profit.
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Great Depression

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Samantha Greenblatt January 30th, 2014 US6 Causes of the Great Depression Stock Market Crash: Documents C, D, F The stock market crash was one of the causes of the Great Depression because at the time almost every citizen had invested in the stock market. When it crashed more than 40 billion dollars were lost. Many Americans believed they could get rich by investing in stocks so that is what they did. Because people?s life savings were put in the stocks, they lost all of their money. They had no money to spend, which meant businesses had no income. With no money there was no consumption, which caused businesses to fail and inevitably caused the Great Depression. Margin and installment Buying: Documents G, H

Terms and Questions, Chapter 3 Palmer Textbook

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AP Euro Homework, Chapter 3 (Palmer) Please know the following terms at a minimum: emergent capitalism Columbian Exchange cultural relativism commodity (as in sugar...) conquistadore mestizo mulatto Manila galleons inflation capital "putting out" system spinster naval stores usury commercial capitalism mercantilism (!) tariff system yeomanry landed gentry freeholder grands seigneurs bourgois bourgeoisie hidalgos tax exemption robot Treaty of Tordesillas Potosi mines Know who the following people are and how they impacted this phase of European history: Vasco de Gama St. Francis Xavier Hernando Cortes Francisco Pizarro Magellan Pedro Cabral Johann Fugger

Botkin and Keller Chapter 27 Reading Guide

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APES- Chapter #27- Dollars and Environmental Sense: Economics of Environmental Issues Name: _________________________________________ 1) Read, ?The Economics of Mahogany? Case Study on pg. 583. Make a concept map showing the environmental issues associated with harvesting the wood of the mahogany tree. 2) How much $ does the United States spend dealing with pollution each year? 3) Explain and give an example of the difference between a tangible and intangible factor in environmental science. 4) What is ?The Tragedy of the Commons? and what are some examples of commons being exploited in the United States? 5) Why does low growth rate contribute to exploitation of a natural resource? Explain.

Rubenstein Ch 10 Reading Guide

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Development: Key Issue 1 Why Does Development Vary Among Countries? Rubenstein, pp. 274-281 1. Read the case study, a. Could you live on $16 a month? b. What obstacles does Rahman face? 2. What four specific factors does the UN consider when determining a country?s level of development, its HDI (Human Development Index)? 3. Look at figure 9-1 write down three observations ? ECONOMIC INDICATORS OF DEVELOPMENT 4a. What is gross domestic product (GDP)? 4b. What is the annual per capita GDP in an MDC? In an LDC? 4c. What has been happening to the gap between MDCs and LDCs in terms of GDP? 5. Explain this statement: ?Per capita GDP measure average (mean) wealth, not its distribution.?

Chapter 9

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Notes on Key Issue 1; Chapter 9 Development- the process of improving the material conditions of people through diffusion of knowledge and technology More Developed Countries (MDCs) - has progressed further along the development continuum Less Developed Countries (LDCs) - a country in an earlier stage of development Human Development Index (HDI) - recognizes that a country?s level of development is a functio9n for all three factors 3 factors- economic, social and demographic Highest HDI is Norway at 0.944 in 2001 Economic Indicator is gross domestic product per capita Gross Domestic Product (GDP) - value of the total output of goods and services produced in a country Jobs three categories- primary, secondary and tertiary

Great Depression

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Great Depression In Class Notes Causes of the Great Depression Stock market crash Overproduction Industry Agriculture Industries produced more goods because of good economy in the 1920s Did not raise wages to keep up Results in under consumption Wages stayed stagnant ? market flooded with goods that cannot be purchased Unequal distribution of wealth No middle class Top 1% of Americans had more wealth than the bottom 42% of Americans Monetary policy Federal government raised interest rates in the 1920s People pulled money from banks to invest with stocks Government didn?t help the bank High tariffs and war debts Increase tariffs Election of 1932 Republican: Hoover (incumbent) Sent out the ?bonus army? on the veterans who marched on the mall

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