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9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Land transformation - Global environmental change - Hunting - Biological invasion | What are the major causes of species extinction? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Reduce rate we alter Earth system - Accelerate efforts to understand Earth system - Manage planet to maintain populations, species, ecosystems | How must we react to historical human domination of earth's ecosystems? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | Because the ecologically destructive western lifestyle is unsustainable but is encouraged in industrial countries and emulated worldwide | Why does the overconsumption of individuals in industrial countries warrant attention? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Vast imbalances in what a single individual consumes depending on location - Even if fertility rates fall to replacement, population will inevitably grow for 50-60 years | Why should overconsumption be considered a problem and not population alone? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Lack of media attention (focused on population) - Dramatization difficult - Economic incentives politically unpopular - Little leadership from western countries | Why hasn't the overconsumption problem been appropriately addressed? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Put entire effort into saving nature - Become active in classroom, public education, public policy - Be positive role models in personal lives | How should conservation professionals address the overconsumption issue? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | 1. Scientific validation of claims by authority 2. Popularizers to put the word out 3. Media attention framing problem as important 4. Dramatization in symbolic and visual terms 5. Economic incentives to take positive action 6. Institutional sponsors to ensure legitimacy and continuity | What six factors are necessary to address environmental problems? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Tax incentives, subsidies, grants for producers and consumers - Penalties, pollution charges, input and output charges - Marketable permits (cap-and-trade) - Deposit-refund systems | What are some examples of economic incentives for positive environmental action? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | 1. It is how we value aspects of the environment in practice (by buying commodities) 2. It is only well-understood and universal measure of value currently 3. Is basic form of social power and means to achieve human desires 4. Is understood by holders of social power who must be persuaded | What are four arguments in favor of a monetary valuation of nature? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | 1. Inventory: valuation of stocks 2. Flows: valuation of changes in stocks | What are two types of quantity that can be valuated? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | 1. Anthropocentrism 2. Ecocentrism/biocentrism | What are two key theories of nature? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Nature is only valuable if useful to humans - World exists for humanity - Humans right to benefit from environment as much as possible | What is anthropocentrism? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Nature has intrinsic value - Organisms share earth and should live harmoniously - Humans not inherently superior | What is ecocentrism/biocentrism? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Despot: human rule over earth to satisfy needs - Enlightened ruler: dependency on nature so adjust resource use - Steward: use resources wisely to protect for future generations | What are the basic anthropocentric attitudes concerning the people-nature relationship? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Partner: other organisms equal value as humans, take needs of both into account - Participant: humans not only equal, only one of interdependent actors in global ecosystem | What are the basic ecocentric attitudes concerning the people-nature relationship? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Both material and immaterial utility - By serving as a sink for negative impacts such as pollution - By serving as a source of resources (production uses, enjoyment of natural beauty) | How does nature provide welfare? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | 1. Spatial: nature competes financially with other types of land use 2. Socio-economic: nature should receive credit for welfare when competing 3. Ecological: nature should not compete, sustainable use determines economic activities | What are three perspectives on the use of nature? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Give general indication how to deal with nature - Do not predict behaviour in a specific situation | What purpose do attitudes toward nature serve? What do they not do? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | 1. Conservation view 2. Development view 3. Functional view 4. Alternative view | What are four views on dealing with nature? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | Objective: conserve and restore nature according to historical reference points. Approaches: 1) Hands-off: humans as partners 2) Classical: humans as stewards | What are the objective and the approaches of the conservation view to dealing with nature? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | It is reactive against economic activities and thus may be counterproductive by reducing natural dynamics | What is a counterargument to the classical approach to the conservation view? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | Objective: enhance naturalness and wilderness, protect existing nature and develop new Approaches: reduce maintenance where possible, undo previous interventions, reactivate natural processes, restore through stimulative actions (humans are partners) | What are the objective and the approaches of the development view to dealing with nature? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | Merely conserving sites is not adequate, natural processes are required as well | What is the argument in favor of the development view of dealing with nature? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | Objective: max social welfare from nature Approaches: 1) Coevolution: humans as partners 2) Nature Building: humans as despots Seperation b/w ecology and economy not favorable in LR b/c the two are interdependent | What are the objective and the approaches of the functional view to dealing with nature? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | Coevolution: sustainable use of nature, balanced interaction between nature and society Nature Building: Controlling and constructing nature to meet human needs | Describe the two functional approaches to dealing with nature. | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | Operational instruments to ensure balanced trade offs and protect against tragedy of the commons | What does the functional view to dealing with nature require to be successful? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | Objective: restore harmonious rel. b/w nature and people Beliefs: western seperation of nature enables environmental aggression, source of env problems - Natural resource extraction destrutive - Certain areas of nature still undisturbed | What are the objective and the beliefs of the alternative view to dealing with nature? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | They yield flow of vital services: - Production (seafood, timber) - Life support processes - Life-fulfilling conditions | In what ways are ecosystems capital assets? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Begin by cataloging sources and consumers of ecosystem services - Reveal crtical points/ interdependencies in supply of services and time scale - Get locally based info | What is the ecological basis for valuation of nature? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Id possible alternatives - Id and measure impacts of each alternatives and quantify uncertainties - Valuation: translate consequences of alternatives into units of impact on human well-being (opportunity cost, monetary) | What is the decision making process for valuation of nature? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Public policy decisions should be incremental - Values used should reflect individual values in democracy - Values should be inferred from actual decisions | What are the general principles of valuation? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | - Market prices don't reflect full cost - Most services not traded on markets - Avoidance of costs approaches provide just partial indications of value - Difficult when individuals unfamiliar with issues to do surveys and rely on their preferences - Difficult to aggregate individual values to social value - Weight put on current vs. future costs | What are some limitations of valuation? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
9f48b0a3_GGRB20_Flashcards___Cram_com__t__What_is_the_starting_point_ | Where the benefits greatly outweigh the costs of vice versa so complete accuracy is unnecessary | Where is the greatest opportunity for environmental valuation? | [] | GGRB20 Flashcards - Cram.com | What is the course about? What is the starting point? | http://www.cram.com/flashcards/ggrb20-630800 | 9/1438042990611.52_20150728002310-00082-ip-10-236-191-2_388258758_0.json |
2e76c025_sh_Vocab_Flashcards___Cram_com__2 | [1] cognate [2] | a word in one language meaning the same word in another language. | [] | English Vocab Flashcards - Cram.com | 2 | http://www.cram.com/flashcards/english-vocab-372756 | 9/1438042988511.77_20150728002308-00253-ip-10-236-191-2_380033667_0.json |
2e76c025_sh_Vocab_Flashcards___Cram_com__2 | [1] derivative [2] | a word formed from another word or root such as a prefix or a suffix | [] | English Vocab Flashcards - Cram.com | 2 | http://www.cram.com/flashcards/english-vocab-372756 | 9/1438042988511.77_20150728002308-00253-ip-10-236-191-2_380033667_0.json |
2e76c025_sh_Vocab_Flashcards___Cram_com__2 | [1] diminutive [2] | a word that is formed with a suffix (such as -let or -kin) to indicate smallness | [] | English Vocab Flashcards - Cram.com | 2 | http://www.cram.com/flashcards/english-vocab-372756 | 9/1438042988511.77_20150728002308-00253-ip-10-236-191-2_380033667_0.json |
2e76c025_sh_Vocab_Flashcards___Cram_com__2 | [1] inflection [2] | the affix added to produce this change, as the -s in dogs or the -ed in played | [] | English Vocab Flashcards - Cram.com | 2 | http://www.cram.com/flashcards/english-vocab-372756 | 9/1438042988511.77_20150728002308-00253-ip-10-236-191-2_380033667_0.json |
2e76c025_sh_Vocab_Flashcards___Cram_com__2 | [1] orthography [2] | The art or study of correct spelling according to established usage | [] | English Vocab Flashcards - Cram.com | 2 | http://www.cram.com/flashcards/english-vocab-372756 | 9/1438042988511.77_20150728002308-00253-ip-10-236-191-2_380033667_0.json |
2e76c025_sh_Vocab_Flashcards___Cram_com__2 | [1] philology [2] | the study of language devolopement` | [] | English Vocab Flashcards - Cram.com | 2 | http://www.cram.com/flashcards/english-vocab-372756 | 9/1438042988511.77_20150728002308-00253-ip-10-236-191-2_380033667_0.json |
2e76c025_sh_Vocab_Flashcards___Cram_com__2 | [1] phonology [2] | The study of speech sounds in language | [] | English Vocab Flashcards - Cram.com | 2 | http://www.cram.com/flashcards/english-vocab-372756 | 9/1438042988511.77_20150728002308-00253-ip-10-236-191-2_380033667_0.json |
2e76c025_sh_Vocab_Flashcards___Cram_com__2 | [1] rhetoric [2] | the ability to use language effectively | [] | English Vocab Flashcards - Cram.com | 2 | http://www.cram.com/flashcards/english-vocab-372756 | 9/1438042988511.77_20150728002308-00253-ip-10-236-191-2_380033667_0.json |
2e76c025_sh_Vocab_Flashcards___Cram_com__2 | [1] syntax [2] | the arrangement of words in sentences | [] | English Vocab Flashcards - Cram.com | 2 | http://www.cram.com/flashcards/english-vocab-372756 | 9/1438042988511.77_20150728002308-00253-ip-10-236-191-2_380033667_0.json |
2e76c025_sh_Vocab_Flashcards___Cram_com__2 | [1] paradigm [2] | a display in fixed arrangement of such a set, as boy, boy's, boys, boys'. | [] | English Vocab Flashcards - Cram.com | 2 | http://www.cram.com/flashcards/english-vocab-372756 | 9/1438042988511.77_20150728002308-00253-ip-10-236-191-2_380033667_0.json |
e5f434ed_Exam_2_Flashcards___Cram_com__through_the_brain_is_termed___ | [a spinal reflex] Parietal | The primary sensory area is found in the Lobe. | [] | Exam#2 Flashcards - Cram.com | A reflex that does not pass through the brain is termed... | http://www.cram.com/flashcards/exam2-2794189 | 31/1438042989018.48_20150728002309-00148-ip-10-236-191-2_388114369_0.json |
e5f434ed_Exam_2_Flashcards___Cram_com__through_the_brain_is_termed___ | [a spinal reflex] the dendrites | The fiber of a neuron that carries impulses toward the cell body is | [] | Exam#2 Flashcards - Cram.com | A reflex that does not pass through the brain is termed... | http://www.cram.com/flashcards/exam2-2794189 | 31/1438042989018.48_20150728002309-00148-ip-10-236-191-2_388114369_0.json |
e5f434ed_Exam_2_Flashcards___Cram_com__through_the_brain_is_termed___ | [a spinal reflex] Cushings disease | Excess secretion of cortisol causes a disorder called | [] | Exam#2 Flashcards - Cram.com | A reflex that does not pass through the brain is termed... | http://www.cram.com/flashcards/exam2-2794189 | 31/1438042989018.48_20150728002309-00148-ip-10-236-191-2_388114369_0.json |
e5f434ed_Exam_2_Flashcards___Cram_com__through_the_brain_is_termed___ | [a spinal reflex] white | Myelinated nervous tissue is described as | [] | Exam#2 Flashcards - Cram.com | A reflex that does not pass through the brain is termed... | http://www.cram.com/flashcards/exam2-2794189 | 31/1438042989018.48_20150728002309-00148-ip-10-236-191-2_388114369_0.json |
e5f434ed_Exam_2_Flashcards___Cram_com__through_the_brain_is_termed___ | [a spinal reflex] based on the main neurotransmitters used. | THe sympathetic nervous system can be classified as adrenergic, | [] | Exam#2 Flashcards - Cram.com | A reflex that does not pass through the brain is termed... | http://www.cram.com/flashcards/exam2-2794189 | 31/1438042989018.48_20150728002309-00148-ip-10-236-191-2_388114369_0.json |
e5f434ed_Exam_2_Flashcards___Cram_com__through_the_brain_is_termed___ | [a spinal reflex] the midbrain | The most superior portion of the brain stem is called | [] | Exam#2 Flashcards - Cram.com | A reflex that does not pass through the brain is termed... | http://www.cram.com/flashcards/exam2-2794189 | 31/1438042989018.48_20150728002309-00148-ip-10-236-191-2_388114369_0.json |
e5f434ed_Exam_2_Flashcards___Cram_com__through_the_brain_is_termed___ | [a spinal reflex] The cerebellum | The maintenance of muscle tone and the coordination of signals fromthe motor cortex is the responsibility of | [] | Exam#2 Flashcards - Cram.com | A reflex that does not pass through the brain is termed... | http://www.cram.com/flashcards/exam2-2794189 | 31/1438042989018.48_20150728002309-00148-ip-10-236-191-2_388114369_0.json |
e5f434ed_Exam_2_Flashcards___Cram_com__through_the_brain_is_termed___ | [a spinal reflex] amino acids | The building blocks of protein hormones are | [] | Exam#2 Flashcards - Cram.com | A reflex that does not pass through the brain is termed... | http://www.cram.com/flashcards/exam2-2794189 | 31/1438042989018.48_20150728002309-00148-ip-10-236-191-2_388114369_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | percentage change in quantity demanded/percentage change in price | The basic formula for the price elasticity of demand coefficient is | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | The elasticity coefficient is less than one | Which of the following is not characteristic of the demand for a commodity that is elastic | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | increase the amount demanded by more than 10 percent | If the demand for bacon is relatively elastic, a 10 percent decline in the price of bacon will | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | is elastic | The price of product X is reduced from $100 to $90 and, as a result, the quantity demanded increases from 50 to 60 units. Therefore demand for X in this price range | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | decrease by approximately 12 percent | The price elasticity of demand for beef is about 0.60. Other things equal, this means that a 20 percent increase in the price of beef will cause the quantity of beef demanded to | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | the sensitivity of consumer purchases to price changes | The concept of price elasticity of demand measures | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | W and Y | Suppose the price elasticity coefficients of demand are 1.43, 0.67, 1.11, and 0.29 for products W, X, Y, and Z respectively. A 1 percent decrease in price will increase total revenue in the case(s) of | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | price rises and demand is elastic | In which of the following instances will total revenue decline? | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | relatively inelastic | Gigantic State University raises tuition for the purpose of increasing its revenue so that more faculty can be hired. GSU is assuming that the demand for education at GSU is: | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | decrease | If the demand for farm products is price inelastic, a good harvest will cause farm revenues to | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | does not apply to supply because price and quantity are directly related. | The total-revenue test for elasticity | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | greater in the long run than in the short run | Price elasticity of demand is generally: | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | relatively price elastic | The demand for a luxury good whose purchase would exhaust a big portion of one's income is | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | relatively price inelastic | The demand for a necessity whose cost is a small portion of one's total income is | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | amount of time the producer has to adjust inputs in response to a price change | The main determinant of elasticity of supply is the | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | a change in price will have no effect on the quantity supplied | A supply curve that is a vertical straight line indicates that | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | increase street crime because the addict's demand for heroin is highly inelastic | An antidrug policy which reduces the supply of heroin might | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | the price elasticity of demand for farm products is less than 1 | Farmers often find that large bumper crops are associated with declines in their gross incomes. This suggests that | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | A. relatively elastic | The supply curve of antique reproductions is | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | a 10 percent increase in income will increase the purchase of toys by 20 percent | Suppose the income elasticity of demand for toys is +2.00. This means that | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | quantity demanded of X/percentage change in price of Y | The formula for cross elasticity of demand is percentage change in | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | the price of some other product | Cross elasticity of demand measures how sensitive purchases of a specific product are to changes in | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | positive, indicating substitute goods | We would expect the cross elasticity of demand between Pepsi and Coke to be | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | Colleges charging lower tuition for low-income students | Based on the concept of price elasticity of demand, which of the following cases is most likely to occur? | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | is the satisfaction or pleasure one gets from consuming it | The utility of a good or service | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | positive, negative, or zero | Marginal utility can be | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | beyond some point additional units of a product will yield less and less extra satisfaction to a consumer | The law of diminishing marginal utility states that | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | change in total utility obtained by consuming one more unit of a good | Marginal utility is the | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | summing the marginal utilities of each unit consumed | Total utility may be determined by | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | Alex may have to lower the price to convince Kara to buy a second slice. | While eating at Alex's "Pizza by the Slice" restaurant, Kara experiences diminishing marginal utility. She gained 10 units of satisfaction from her first slice of pizza consumed, and would only receive 5 units of satisfaction from consuming a second slice. | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | consumers behave rationally, attempting to maximize their satisfaction | The theory of consumer behavior assumes that | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | more of X and less of Y | Suppose that MUx/Px exceeds MUy/Py. To maximize utility the consumer who is spending all her money income should buy | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | 4 units of J and 5 units of K | Refer to the above data. If the consumer has a money income of $52 and the prices of J and K are $8 and $4 respectively, the consumer will maximize her utility by purchasing | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | 276 utils | Refer to the above data. What level of total utility is realized from the equilibrium combination of J and K, if the consumer has a money income of $52 and the prices of J and K are $8 and $4 respectively? | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | should buy less B and more A | Suppose that Ms. Thomson is currently exhausting her money income by purchasing 10 units of A and 8 units of B at prices of $2 and $4 respectively. The marginal utility of the last units of A and B are 16 and 24 respectively. These data suggest that Ms. Thomson | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | are $105 and $140 respectively | If MUa/Pa = 100/$35 = MUb/Pb = 300/? = MUc/Pc = 400/?, the prices of products b and c in consumer equilibrium | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | 2 of L and 3 of M | Answer the question on the basis of the following total utility data for products L and M. Assume that the prices of L and M are $3 and $4 respectively and that the consumer's income is $18 | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | 51 utils | Refer to the above data. What level of total utility does the rational consumer realize in equilibrium | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | total utility | The theory of consumer behavior assumes that consumers attempt to maximize | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | 1 units of X and 2 units of Y | If the prices of X and Y are $2 and $4 per unit, respectively, and this consumer has $10 in income to spend, to maximize total utility this consumer should buy | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | Apple introduced new features to entice previous buyers to purchase new models | How did Apple overcome consumers' diminishing marginal utility for iPods | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | the price of a product is related to its marginal utility, not its total utility | The diamond-water paradox occurs because | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | Credit card companies want to increase profits by promoting slower repayment, and actual customer payments will be anchored by the smaller payment requirements | Why do credit card companies typically require small minimum payment amounts on their customers' monthly credit card statements | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | all possible combinations of two goods that can be purchased, given money income and the prices of the goods | The budget line shows | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | budget line to the left | Increases in product prices shift the consumer's | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | price ratio of the two products | The slope of a budget line reflects the | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | is 1/5 | Assume the price of product Y (the quantity of which is on the vertical axis) is $15 and the price of product X (the quantity of which is on the horizontal axis) is $3. Also assume that money income is $60. The absolute value of the slope of the resulting budget line | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | total utility is the same | At each point on an indifference curve: | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
5d61b145__midterm_Flashcards___Cram_com__of_demand_coefficient_measures | is downsloping and convex to the origin | An indifference curve | [] | econ midterm Flashcards - Cram.com | The price elasticity of demand coefficient measures | http://www.cram.com/flashcards/econ-midterm-2450593 | 31/1438042988924.75_20150728002308-00146-ip-10-236-191-2_375391341_0.json |
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