Econ 205 final exam - Study guides, Class notes & Summaries

ECON 205 Final Exam | Questions / Answers

ECON 205 Final Exam: Questions & Answers (Latest Update)

Econ 205 Final Exam - Questions & Answers

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Econ 205 – Microeconomics: Final Exam

the nursing process. - -a systematic, rational method of planning and providing nursing care. -steps of the nursing process. - -• Assessment • Diagnosing • Planning • Implementing • Evaluating -objective data - -(Signs): observable and measurable, obtained through the senses. -the importance of nursing diagnoses. - -Facilitates individual care • Defines the domain of nursing • Improves communication within the profession • Increases nursing autonomy and accountab...

Blackburn agrees with Butler that not all people act so as to maximize the intensity or duration of any specific psychological state because:Question 1 options: Too many agents are irrational. Thanos killed them all. There is too much diversity in the psychological states that agents have. Question 2 (1 point) Olson argues that no one will contribute anything to a commons. (Hint: Olson is discussed by Ostrom.) Question 2 options: True False Question 3 (1 point) Which strategy do Coa...

Oligopoly - -A market structure in which a small number of interdependent firms compete -Marginal revenue =marginal cost - -Firms maximize profit by producing where -Game theory - -Analyses completion/ business strategies among oligopolists -40% - -A concentration ratio greater that what percent indicates the an industry is an oligopoly -Concentration ratios - -Published every 5yrs shows sales of four largest firms/ do not include foreign firms

In Peter Singer's "Famine, Affluence, and Morality," the example of the drowning child in the shallow pond was meant to illustrate that: - -We are morally obligated to prevent terrible things from happening when we can do so without making comparably significant sacrifices in the process. -Which of the following would Peter Singer recognize as a legitimate reason to keep one's money rather than donating it to poverty relief organizations? - -Donating money to poverty relief organizations ...

a measure of how responsive the quantity demanded is to a change in price - -elasticity of demand -Elasticity rule: If two linear demand (or supply) curves run through a common point, then at any given quantity the curve that is _______ is more elastic. - -flatter -The fundamental determinant of the elasticity of demand is how easy it is to ________ one good for another. - -substitute -The fewer substitutes for a good, the ______ elastic the demand. - -less -The more substitutes for ...