Econ problems - Study guides, Class notes & Summaries

Globalization Increased flow of goods, money, ideas, and people across national borders Sociology The study of societies and the social worlds that individuals inhabit within them. What is the sociological imagination and who coined the term? The capacity to think systematically about how social context impacts individual lives. The ability to see the interplay between society and self, history and biography. What is a stereotype, what is discrimination, and how are they related? Beliefs abou...

ECON 582 Exam 1 KU Key Terms Okao Exam Questions and Answers Absolute Poverty - Answer-A situation of being unable to meet the minimum levels of income, food, clothing, health care, shelter, and other essentials Subsistence economy - Answer-an economy in which production is mainly for personal consumption and the standard of living yields little more than basic necessities of life - food, shelter, and clothing Development - Answer-the process of improving the quality of all human lives an...

ECON 305 Chapter 5, Exam Questions & Answers/ rated A+ organisation for Economic Co-operation and Development (OECD) reports data on member countries, among them the most developed economies On average OECD countries spent 45% of GDP, and collect 42% of GDP in taxes. 31 countries Compared to other high income and OECD countries, general government consumption spending in the United States is a)Relatively high and rising. b)Relatively low and falling. c)Average and relatively stable. ...

Intermediate Accounting Exam 1 Review Questions With 100% Correct Answers Essential characteristics of accounting - answerthe identification, measurement, and communication of financial information about economic entities to interested parties Financial accounting - answerprep financial reports on entity for internal and external parties Managerial accounting - answeridentify, measure, analyze financial info needed by management to plan, control, and evaluate comp operations What are exa...

Exam Question - correct answer financial liberalization has been espoused as a key pillar to economic liberalization and how has the tensions between the private interest and public good can be resolved within the era of financial liberalization? o it hasn't been resolved!!! PWCR mid 1990s→present (events: east asia, mexico) o Keep to big picture! Neoliberalism (National Poli: g.North & g.South) - correct answer •gov policies based on neoclassical econs •3 core neoliberal policies: ...

ENVS 1000 Test 2 Study Guide Verified Questions And Answers With Updated Quiz Why don’t we have an ozone hole over US ANS Ozone hole only forms in very cold dark areas where there is reduced circulation of air compared to the rest of the atmosphere why is it important to make a distinction between consumptive and non-consumptive use ANS Non-consumptive uses are sustainable over long periods where as consumptive uses of water do not return to their water source Africa suffers from econ...

Intermediate Accounting Exam 1 Review Questions With 100% Correct Answers Essential characteristics of accounting - answerthe identification, measurement, and communication of financial information about economic entities to interested parties Financial accounting - answerprep financial reports on entity for internal and external parties Managerial accounting - answeridentify, measure, analyze financial info needed by management to plan, control, and evaluate comp operations What are exa...

EXAM PREPARATION IOP3706. Detailed working, solutions, memo, notes & explanations. EXAM PREPARATION FOR IOP3706 LEARNING UNIT 1: INTRODUCTION: PSYCHOLOGY OF PERSONNEL RETENTION 1.1 EMPLOYEE TURNOVER INTENTIONS  Reasons include:  Problems with any HR/ personnel-related practises & process i.e. o Inappropriate recruitment & selection methods o Poorly-designed/ uncompetitive remuneration & reward systems o Ineffective grievance & disciplinary procedures  External factors e.g. comp...

Social Work The applied science of helping people achieve an effective level of psychosocial functioning and effecting societal changes to enhance the well-being of all people Social Welfare well-being of society Social Policy The actions of gov't that have a direct impact on the welfare of people by providing services and income Policy -reflects societal values, ideals, and a vision of what the world should look like -specifies rules and regulations that govern developing...

ECON 304 Final Exam - Questions with Verified Answers The law of demand suggests that as price rise the quantity of a good purchased will also rise. False When drawing a graph of demand, price is generally placed on the vertical axis. True Changes in the price of a good are considered demand shifters. False Demand is defined as the various quantities of a good or service that people are willing and able to buy at various prices during some time period. True The law of demand is a fairly weak l...