Indifference map - Study guides, Class notes & Summaries

ECON 103 Show the effect of a rise in income on the demand for X and Y. Show the effect of a rise in income on the demand for X and Y where this time Y is the inferior good and X is the normal good. Is the income–consumption curve positively or negatively sloped? Answer The curve will slope upwards at first, but become less and less steep. It will then peak at the point where Y becomes an inferior good, and will thereafter slope downwards (i.e. have a negative slope). Illustr...

1. Define Political Science and also give its aims and scope? 2. Critically examine the Historical approach of Political Science? 3. Discuss in detail the traditional and the contemporary scope of Political Science? 4. Is Political science s science in the true sense? Discuss the nature of Political Science in this context? 5. Enumerate the relationship of Political Science with other social sciences and specially law? 6. How far is it true to say that the origin of the state lies in force?...

ECS3702-International Trade EXAM PACK 2021. Paper November 2021 Question 1 An appreciation of the rand against the US dollar, will result in increased South African imports from the US, this is because fewer Rands can now purchase more US dollars, implying that South Africans now find it cheaper to buy US goods. Question 2 One of the possible effects of a recession in South Africa, on its trade with SADC member states is, widening of South Africa’s trade deficit, which implies that Sout...

CMN 142 Exam 1 Basic 88 Questions with Verified Answers When and where was the first newspaper published? - CORRECT ANSWER Strasbourg, Germany 1605 (Printed by Johann Carolus) Four italicized characteristics of a newspaper - CORRECT ANSWER 1. published 2. periodical 3. printed 4. present-centered Four italicized characteristics of a newspaper: Published - CORRECT ANSWER Meaning intended to be circulated to multiple persons, many of whom may be unknown to the publisher (unlike a per...

MCAT PSYCHOLOGY AND SOCIOLOGY EXAM Social stratification - ANSWER Social stratification refers to a system by which a society ranks categories of people in a hierarchy. In the United States, it is perfectly clear that some groups have greater status, power, and wealth than other groups. These differences are what led to social stratification Class consciousness - ANSWER awareness of one's place in a system of social classes, especially (in Marxist terms) as it relates to the class struggle....

ECS3702 EXAM PACK ANSWER 2021 S AND BRIEF NOTES. Paper November 2021 Question 1 An appreciation of the rand against the US dollar, will result in increased South African imports from the US, this is because fewer Rands can now purchase more US dollars, implying that South Africans now find it cheaper to buy US goods. Question 2 One of the possible effects of a recession in South Africa, on its trade with SADC member states is, widening of South Africa’s trade deficit, which implies th...

TCRN Practice Exam 100 Questions with Verified Answers A transcranial doppler is obtained for a patient with a traumatic subarachnoid hemorrhage. The doppler is positive for vasospasm. The trauma nurse would expect which of the following medications to be prescribed? - CORRECT ANSWER A vasospasm is a known complication of subarachnoid hemorrhages. Calcium channel blockers are used to prevent or reverse vasospasms and are frequently used in the treatment of a subarachnoid hemorrhage. Metoprolo...

ECS3702 EXAM PACK 2021. ECS3702 - International Trade This is a complete and an all-inclusive guide to ECS3702 - International Trade. An appreciation of the rand against the US dollar, will result in increased South African imports from the US, this is because fewer Rands can now purchase more US dollars, implying that South Africans now find it cheaper to buy US goods. Question 2 One of the possible effects of a recession in South Africa, on its trade with SADC member states is, widenin...

Sophia: Microeconomics - Unit 2 Questions and Answers 100% Pass C1: Juan is able to list out the pros and cons of each possible bundle based on his personal preferences to help him decide which is ultimately the best bundle. Which of the following economic principles is Juan exhibiting? Completedness M1: Which description below describes an indifference curve? A curve on a consumer choice graph that indicates different combinations of goods that are equally appealing to the customer M2: Usin...

ECS3702 International Trade EXAM PACK 2021.Paper November 2021 Question 1 An appreciation of the rand against the US dollar, will result in increased South African imports from the US, this is because fewer Rands can now purchase more US dollars, implying that South Africans now find it cheaper to buy US goods. Question 2 One of the possible effects of a recession in South Africa, on its trade with SADC member states is, widening of South Africa’s trade deficit, which implies that Sout...