What is the effect size for this relationship, and what size sample would be needed to detect this relationship in future studies? This is between variables 3 and 7. It represents correlation between Positive Items and Avoidance. There is a weak correlation here because r < 0.3. The effect size is 0.15.
When is your risk tolerance lowest? (Select the best answer.) (Points : 1) Answer: When you are closest to needing the money you invested 7. What piece of information is most helpful when you're comparing investments? (Select the best answer.)
| | | c) | unavoidable costs. | | | d) | relevant costs. | Question 5 | | 0 / 1 point | A revenue that differs between alternatives and makes a difference in decision-making is called a(n) | | a) | incremental revenue. | | | b) | sales revenue. | | | c) | unavoidable revenue.
A. slow-growers B. stalwarts C. countercyclicals D. A and B E. A and C The groups in this classification are slow-growers, stalwarts, fast-growers, cyclicals, turnarounds, and asset plays. Difficulty: Easy 41. Supply-side economists wishing to stimulate the economy are most likely to recommend A. a decrease in the money supply. B. a decrease in production output. C. an increase in the real interest rate D. a decrease in the tax rate.
However, there are no environmental factors taken into account, making it difficult to measure over all development. Another development indicator is Income per capita. This makes measuring development difficult as it gives an average for the whole country, when in reality there will be many varied values throughout the country. Also it only includes money in the country, if money made outside of the country was also included the income per capita for each country would change, some would increase by more than others, and give a better overall view of development. Purchasing Power Parity (PPP) is also not taken into account with income per capita; this means that the cost of living in each country is not accounted for so development may appear better in some countries than it actually is.
Why Nothing Is Ever Certain When It Comes To Economics One of the reasons why so many people find it hard to grasp the concept of economics is that it involves few certainties. A question of how to best approach globalization broached to one half of a group of economists would yield one answer and the same question posed to the other half could be completely different. As Charles Wheelan states at the beginning of Naked Economics: Undressing the Dismal Science, “Economics starts with one important assumption: individuals act to make themselves as well off as possible” (Wheelan 6), which explains why the answer to any economics question is “it depends.” As people change over time and across cultures, so do economics; Wheelan emphasizes this relationship in Naked Economics by analyzing a plethora of examples in which the very economy is based upon human interaction. Early on Wheelan approaches the concept of maximizing utility as a constant force on a nation’s economy. As Wheelan states, “most of the benefits of having a large family have disappeared in the industrialized world” (Wheelan 11), in response to falling birth
Economics deals primarily with the concept of a. poverty. b. scarcity. c. change. d. power. ANSWER: b. scarcity.
According to Townsend (1979) individuals or families can be said to be in poverty when they lack the resources to obtain the type of diet, participation in the activities that are at least widely encouraged in society. This is termed relative poverty. Absolute poverty occurs when a person’s life falls below a fixed standard, experiences complete destitution and can not meet minimum needs of food and shelter (Townsend, 1979). Gender difference is a significant factor that has caused social exclusion and it could be argued that this exclusion is socially constructed. Firstly although much has improved there still is discrimination and inequalities in the labour market.
Wheelan agrees with the fact that humans always act in order to improve their utility. The largest factor that determines how humans want to receive their utility is through incentives. Whether you are a consumer or a producer, incentives drive a great portion of the decisions you will make. People usually bear motives in mind for making one decision over another; most people reach a decision based on their personal utility and what incentives appeal to them the most. The idea of human decision spawns from the thought that every decision made will have a trade-off.
* ------------------------------------------------- * ------------------------------------------------- * ------------------------------------------------- * ------------------------------------------------- * ------------------------------------------------- "Public Funding of Presidential Elections." Brochure. Federal Election Commission, Feb. 2012. Web. 26 Sept. 2012.