Describe the three ways economics can be categorized. In economics what is the meaning of macro-economics? Explain the term "centrally planned economy"? Describe the term "Income Effect" as applied in Economics Explain the term "budget deficit" as it relates to business and economics. ...
pA2 is frequently used interchangeably, but erroneously, for log KB; the term 'competitive' itself has been used ambiguously, and it is even possible that confusion can arise by the expression of the constant from the Schild equation in different ways (affinity/equilibrium/dissociation constants)....
Homeostasis is the tendency of the body to maintain a state of equilibrium within the body. This is done by obtaining a dynamic equilibrium between the outer and inner environment. All the organ systems work together to regulate the body temperature, pH, and...
Can a body be in equilibrium, if it is in motion? Explain. What is the energy of motion called? Name the form of energy that a body possesses even when it is not in motion. Give an example to support your answer. Describe how the electric current moves through the simple circuit...
agents’ predictions are not contradictory. Finally, (S) is the requirement that, from the viewpoint of an agent who carries out a particular measurement, this measurement has one single outcome. The theorem itself is neutral in the sense that it does not tell us which of these three ...
Explain the process of that will lead to market equilibrium. 1. With practical examples, briefly explain the concept of market integration in market development. 2. Briefly discuss two reasons that explained the fall in output in Central and Eastern Europe afte ...
Describe the features of monopolistic competition: a. How is it similar to monopoly? b. How is it similar to perfect competition? c. What are the characteristics of short-run equilibrium? d. What are the characteristics of long-run equilibrium?
Explain what dynamic equilibrium is and how it affects homeostasis. Why is homeostasis an exclusively biological term? Homeostasis is an example of which of the following characteristics of life? a. organization b. metabolism c. responsiveness d. growth Define the role of the endocrine system in ...
How does a consumer achive equilibrium, given an indifference curve and budget line? How is microeconomics dependent upon macroeconomics? Define marginal analysis. What is the concept and why is it useful in making decisions? What is the difference between microeconomics and macroeconomics and what is...
Briefly explain the three tax systems. Explain the impact of reducing pollution. Discuss the impact of government's role in restoring market equilibrium. Use examples Describe the effects of quotas. Explain the consequences of a thin market. ...