MicPie/unpredictable_studystack-com · Datasets at Hugging Face

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2699a56a_Flashcards_about_Chapter_4__Question	[Answer] a social class of people who are wealthy and powerful [Question]	elite	[ [ "c", "h", "a", "r", "t", "e", "r" ], [ "c", "o", "l", "o", "n", "y" ], [ "a", "u", "c", "t", "i", "o", "n" ], [ "p", "l", "u", "n", "d", "e", "r" ], [ "e", "l", "i", "t", "e" ], [ "p", "l", "a", "n", "t", "a", "t", "i", "o", "n" ], [ "c", "a", "s", "h", " ", "c", "r", "o", "p" ], [ "r", "e", "s", "i", "s", "t" ], [ "e", "n", "s", "l", "a", "v", "e", "d" ], [ "L", "o", "r", "d", "s", " ", "P", "r", "o", "p", "r", "i", "e", "t", "o", "r", "s" ] ]	Flashcards about Chapter 4	Question	http://www.studystack.com/flashcard-189149	7/1438042988311.72_20150728002308-00143-ip-10-236-191-2_736598136_3.json
2699a56a_Flashcards_about_Chapter_4__Question	[Answer] a large farm [Question]	plantation	[ [ "c", "h", "a", "r", "t", "e", "r" ], [ "c", "o", "l", "o", "n", "y" ], [ "a", "u", "c", "t", "i", "o", "n" ], [ "p", "l", "u", "n", "d", "e", "r" ], [ "e", "l", "i", "t", "e" ], [ "p", "l", "a", "n", "t", "a", "t", "i", "o", "n" ], [ "c", "a", "s", "h", " ", "c", "r", "o", "p" ], [ "r", "e", "s", "i", "s", "t" ], [ "e", "n", "s", "l", "a", "v", "e", "d" ], [ "L", "o", "r", "d", "s", " ", "P", "r", "o", "p", "r", "i", "e", "t", "o", "r", "s" ] ]	Flashcards about Chapter 4	Question	http://www.studystack.com/flashcard-189149	7/1438042988311.72_20150728002308-00143-ip-10-236-191-2_736598136_3.json
2699a56a_Flashcards_about_Chapter_4__Question	[Answer] a crop grown for the purpose of selling it [Question]	cash crop	[ [ "c", "h", "a", "r", "t", "e", "r" ], [ "c", "o", "l", "o", "n", "y" ], [ "a", "u", "c", "t", "i", "o", "n" ], [ "p", "l", "u", "n", "d", "e", "r" ], [ "e", "l", "i", "t", "e" ], [ "p", "l", "a", "n", "t", "a", "t", "i", "o", "n" ], [ "c", "a", "s", "h", " ", "c", "r", "o", "p" ], [ "r", "e", "s", "i", "s", "t" ], [ "e", "n", "s", "l", "a", "v", "e", "d" ], [ "L", "o", "r", "d", "s", " ", "P", "r", "o", "p", "r", "i", "e", "t", "o", "r", "s" ] ]	Flashcards about Chapter 4	Question	http://www.studystack.com/flashcard-189149	7/1438042988311.72_20150728002308-00143-ip-10-236-191-2_736598136_3.json
2699a56a_Flashcards_about_Chapter_4__Question	[Answer] to go against [Question]	resist	[ [ "c", "h", "a", "r", "t", "e", "r" ], [ "c", "o", "l", "o", "n", "y" ], [ "a", "u", "c", "t", "i", "o", "n" ], [ "p", "l", "u", "n", "d", "e", "r" ], [ "e", "l", "i", "t", "e" ], [ "p", "l", "a", "n", "t", "a", "t", "i", "o", "n" ], [ "c", "a", "s", "h", " ", "c", "r", "o", "p" ], [ "r", "e", "s", "i", "s", "t" ], [ "e", "n", "s", "l", "a", "v", "e", "d" ], [ "L", "o", "r", "d", "s", " ", "P", "r", "o", "p", "r", "i", "e", "t", "o", "r", "s" ] ]	Flashcards about Chapter 4	Question	http://www.studystack.com/flashcard-189149	7/1438042988311.72_20150728002308-00143-ip-10-236-191-2_736598136_3.json
2699a56a_Flashcards_about_Chapter_4__Question	[Answer] to be made someone else’s property [Question]	enslaved	[ [ "c", "h", "a", "r", "t", "e", "r" ], [ "c", "o", "l", "o", "n", "y" ], [ "a", "u", "c", "t", "i", "o", "n" ], [ "p", "l", "u", "n", "d", "e", "r" ], [ "e", "l", "i", "t", "e" ], [ "p", "l", "a", "n", "t", "a", "t", "i", "o", "n" ], [ "c", "a", "s", "h", " ", "c", "r", "o", "p" ], [ "r", "e", "s", "i", "s", "t" ], [ "e", "n", "s", "l", "a", "v", "e", "d" ], [ "L", "o", "r", "d", "s", " ", "P", "r", "o", "p", "r", "i", "e", "t", "o", "r", "s" ] ]	Flashcards about Chapter 4	Question	http://www.studystack.com/flashcard-189149	7/1438042988311.72_20150728002308-00143-ip-10-236-191-2_736598136_3.json
2699a56a_Flashcards_about_Chapter_4__Question	[Answer] eight men with permission from the king of England to rule Carolina [Question]	Lords Proprietors	[ [ "c", "h", "a", "r", "t", "e", "r" ], [ "c", "o", "l", "o", "n", "y" ], [ "a", "u", "c", "t", "i", "o", "n" ], [ "p", "l", "u", "n", "d", "e", "r" ], [ "e", "l", "i", "t", "e" ], [ "p", "l", "a", "n", "t", "a", "t", "i", "o", "n" ], [ "c", "a", "s", "h", " ", "c", "r", "o", "p" ], [ "r", "e", "s", "i", "s", "t" ], [ "e", "n", "s", "l", "a", "v", "e", "d" ], [ "L", "o", "r", "d", "s", " ", "P", "r", "o", "p", "r", "i", "e", "t", "o", "r", "s" ] ]	Flashcards about Chapter 4	Question	http://www.studystack.com/flashcard-189149	7/1438042988311.72_20150728002308-00143-ip-10-236-191-2_736598136_3.json
9e547b06_shcards_about_Gastrointestinal__Question	[Answer] True [Question]	True or False? spitting and regurgitation of small quantities is normal in the newborn?	[]	Flashcards about Gastrointestinal	Question	http://www.studystack.com/flashcard-957227	7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json
9e547b06_shcards_about_Gastrointestinal__Question	[Answer] False [Question]	True or False? It is normal for a baby to vomit forcefully or vomit entire feeds?	[]	Flashcards about Gastrointestinal	Question	http://www.studystack.com/flashcard-957227	7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json
9e547b06_shcards_about_Gastrointestinal__Question	[Answer] Sepsis [Question]	If a baby began vomiting after day 1, stops feeding, looks ill, has abdominal distension, breathing difficulty, abnormal temperature and is irritable or lethargic...what would be your differential diagnosis?	[]	Flashcards about Gastrointestinal	Question	http://www.studystack.com/flashcard-957227	7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json
9e547b06_shcards_about_Gastrointestinal__Question	[Answer] Necrotising enterocolitus [Question]	If a baby began vomiting blood or bile stained vomit, had blood or mucous in its stool, pallor, looks ill, is floppy and lethargic and poor or very little feeding...what would be your differential diagnosis?	[]	Flashcards about Gastrointestinal	Question	http://www.studystack.com/flashcard-957227	7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json
9e547b06_shcards_about_Gastrointestinal__Question	[Answer] Gastrointestinal malformation such as oesophageal or tracheal fistula or atresia, or lower gastrointestinal malformation such as duodenal atresia [Question]	The baby has not passed meconium for > 24 hours, is coughing or choking with every feed, a gastric tube does not pass, has increasing abdominal distention, bile stained vomit and or dark or bloody stools...what would be your differential diagnosis?	[]	Flashcards about Gastrointestinal	Question	http://www.studystack.com/flashcard-957227	7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json
9e547b06_shcards_about_Gastrointestinal__Question	[Answer] Baby swallowed maternal blood [Question]	If the baby is vomiting blood stained vomit, has dark stools but is otherwise well and there is a historoy of maternal bleeding during labour or breastfeeding on cracked nipples...what is your differential diagnosis?	[]	Flashcards about Gastrointestinal	Question	http://www.studystack.com/flashcard-957227	7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json
9e547b06_shcards_about_Gastrointestinal__Question	[Answer] tracheo-oesophageal fistula [Question]	If you try to pass a nasogastric tube and it does not pass or comes back out...what is your differential diagnosis?	[]	Flashcards about Gastrointestinal	Question	http://www.studystack.com/flashcard-957227	7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] Disability income insurance is available from [Answer]	private insurance companies, employer-sponcered plans, government-funded programs	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] Coverage that provides a specific monthly or weekly income when a person is unable to work because of an illness or injury is known as [Answer]	disability income insurance	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] The maximum amount of time for which benefits will be paid to the injured or ill person for a disability is called the [Answer]	benefit period	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] Residual benefits pay a [Answer]	partial benefit when the insured is not totally disabled	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] A policy that offers the insured person protection when loss of sight or loss of limb(s) occurs is called [Answer]	dismemberment benefit	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] When an illness or injury prevents an insured person from perfoming one or more of the functions of his or her regular job, the disability is called [Answer]	partial and residual disability	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] The term "guaranteed renewable" means that the insurer is [Answer]	required to renew the policy as long as premium payments are made, and the premium may be increased	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] Provisions written into the insurance contract denying coverage or limiting the scope of coverage are called [Answer]	exclusions	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] What are the two programs that the Social Security Administration (SSA) manages that pay monthly disability benefits to people younger than age 65 who cannot work for at least a year because of a severe disability: [Answer]	SSDI and SSI	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] In 1956, Congress established a program under Title II of the Social Security Act for long-term disability known as [Answer]	Social Security Disability Insurance	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] The Supplemental Security Income (SSI) program under Title XVI of the Social Security Act provides [Answer]	disability payments to needy people with limited income and few resources	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] What is the correct order in the appeals process [Answer]	Reconsideration, hearing, review by the Appeals Council, review by the federal court	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] The Armer Services Disability benefits program is avaliable to [Answer]	members of the armed services	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] What is the time limit for a veteran to file a claim to receive outpatient treatment at VA expense for a service-connected disability? [Answer]	within 1 year of sustaining the injury	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] The first state to provide a successful disability insurance program was [Answer]	Rhode Island	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] State disability insurance (SDI) is also known as [Answer]	unemployment compensation disability (UCD) and temporary disability insurance (TDI)	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] State disability insurance benefits begin after the [Answer]	seventh consecutive day of disability	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
d4d73811_shcards_about_A_Fordney_15__16__Answer	[Question] Funding for state disability insurance is usually a small percentage of the employee's wage that [Answer]	1. is deducted from employees' paychecks each month 2.the employer may elect to pay a portion of 3. the employer may elect to pay as a fringe benefit	[]	Flashcards about A Fordney 15& 16	Answer	http://www.studystack.com/flashcard-34605	7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity. [Question]	economics	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] economic way of thinking, has several critical and closely interrelated features. [Question]	economic perspective	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] To obtain more of one thing, society forgoes the opportunity of getting the next best thing. [Question]	opportunity cost	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] the pleasure, happiness, or satisfaction obtained from consuming a good or service. [Question]	utility	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] comparisons of marginal benefits and marginal costs, usually for decision making. To economists,“marginal” means “extra,” “additional,” or“a change in.” Most choices or decisions involve changes in the status quo, meaning the existing state of affairs [Question]	marginal analysis	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] Observing realworld behavior&outcomes. Formulate a hypothesis.Testing the hypothesis bycomparing the outcomes of specific events to theoutcome predicted by hypothesis. Accepting,rejecting,&modifying the hypothesis.Testing the hypothesis against facts. [Question]	scientific method	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] a statement about economic behavior or the economy that enables prediction of the probable effects of certain actions. [Question]	economic principle	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] the assumption that factors other than those being considered do not change. They assume that all variables except those under immediate consideration are held constant for a particular analysis. [Question]	other-things-equal assumption	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] concerned w/decision making by individual customers,workers,households,&businessfirms.Measure the price of a specific product,#of workers employed by a firm,the revenue/income of a partic.firm/household,or spending of a specific firm,gov.entity,or family [Question]	microeconomics	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] examines either the economy as a whole or its basic subdivisions or aggregates, such as the government, household, and business sectors [Question]	macroeconomics	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] a collection of specific economic units treated as if they were one unit. Therefore, we might lump together the millions of consumers in the U.S. economy and treat them as if they were one huge unit called “consumers.” [Question]	aggregate	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] focuses on facts&cause-&-effect relatships.It includes description,theory development, &theory testing.Positive economics avoids value judgments.It tries to establish scitfc. statements about economic behavior&deals with what the economy is actually like. [Question]	positive economics	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] Incorporates value judgments about what the economy should be like/what particular policy actions should be recommended to achieve a desirable goal.It looks at the desirability of certain aspects of the economy. [Question]	normative economics	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] the need to make choices because economic wants exceed economic means [Question]	economizing problem	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] It is a schedule or curve that shows various combinations of two products a consumer can purchase with a specific money income. Although we assume two products, the analysis generalizes to the full range of products available to consumers. [Question]	budget line	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] all natural, human, and manufactured resources that go into the production of goods and services. [Question]	economic resources	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] includes all natural resources (“gifts of nature”) used in the production process. These include forests, mineral and oil deposits, water resources, wind power, sunlight, and arable land. [Question]	land	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] The physical actions&mental activities that people contribute to the production of goods /services.The work-related activities of a logger,retail clerk,machinist,teacher, profess. football player,&nuclear physicist all fall under “labor.” [Question]	labor	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] includes all manufactured aids used in producing consumer goods and services. Included are all factory, storage, transportation, and distribution facilities, as well as tools and machinery [Question]	capital	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] describe spending that pays for the production and accumulation of capital goods. [Question]	investment	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] The human resource that combines the other resources to produce a product, makes nonroutine decisions, innovates, and bears risks. [Question]	entrepreneurial ability	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] Because land, labor, capital, and entrepreneurial ability are combined to produce goods and services, they are called the factors of production, or simply “inputs.” [Question]	factors of production	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] products that satisfy our wants directly; industrial robots (for example, the kind used to weld automobile frames) [Question]	consumer goods	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] products that satisfy our wants indirectly by making possible more efficient production of consumer goods. [Question]	capital goods	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] A curve showing the different combinations of two goods or services that can be produced in a full-employment, full-production economy where the available supplies of resources and technology are fixed. [Question]	production possibilities curve	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] As the production of a particular good increases, the opportunity cost of producing an additional unit rises. [Question]	law of increasing opportunity costs	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] (1 ) An outward shift in the production possibilities curve that results from an increase in resource supplies or quality or an improvement in technology; (2) an increase of real output (gross domestic product) or real output per capita [Question]	economic growth	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] The equilibrium price&quaty.are est.at the inters.of the supply&demand curves.The interaction of market demand&market supply adjusts the price to the point at which the quanys.demanded&supplied are equal.It is equilibrium price & equilibrium quany. [Question]	use demand and supply concepts to determine market equilibrium	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] a schedule/curve that shows the various amounts of a product that consumers are willing/able to purchase@each of a series of possible prices during a specified period of time.It shows the quant. of a product that willbe purchased@ various possible prices. [Question]	demand	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] A curve illustrating demand. [Question]	demand schedule	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] Other things equal, as price falls, the quantity demanded rises, and as price rises, the quantity demanded falls. In short, there is a nega- tive or inverse relationship between price and quantity demanded. [Question]	law of demand	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] successive units of a particular product yield less and less marginal utility, consumers will buy additional units only if the price of those units is progressively reduced. [Question]	diminishing marginal utility	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] a lower price increases the purchasing power of a buyer’s money income, enabling the buyer to purchase more of the product than before. [Question]	income effect	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] at a lower price buyers have the incentive to substitute what is now a less expensive product for other products that are now relatively more expensive. The product whose price has fallen is now “a better deal” relative to the other products. [Question]	substitution effect	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] Inverse relationship between price&quantity demanded for a product can be represented on a graph.We measure quant.demanded on the horiz. axis&price on the vert.axis.Its downward slope reflects—people buy more of a product/service/ resource as price fall. [Question]	demand curve	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] They are the “other things equal” in the relationship between price & quantity demanded. When any of these determinants changes,the demand curve will shift to the right or left. Determinants of demand are sometimes referred to as demand shifters. [Question]	determinants of demand	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] demand for such products declines as their incomes fall. Products whose demand varies directly with money income are called superior goods [Question]	normal goods	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] rising incomes may cause the demand for charcoal grills to decline as wealthier con- sumers switch to gas grills. Goods whose demand varies inversely with money income [Question]	inferior goods	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] is one that can be used in place of another good. [Question]	substitute good	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] one that is used together with another good [Question]	complementary good	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] a shift of the demand curve to the right (increase demand)/to the left (decrease demand). It occurs bc the consumer’s state of mind in response to determinants of demand. “Demand” is a sched./curve so, a“change in demand”means a change in sched./curve. [Question]	change in demand	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] A movement from one point to another point—from one price-quantity combination to another—on a fixed demand curve. The cause is an increase/ decrease in price of the product.Ex. a decline in the price from $5 to $4 will increase the quantity demanded. [Question]	change in quantity demanded	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] is a schedule or curve showing the various amounts of a product that producers are willing and able to make available for sale at each of a series of possible prices during a specific period. [Question]	supply	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] It shows the quantities of corn that will be supplied at various prices, other things equal. [Question]	supply schedule	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] Table that shows that a positive/direct relationship between price&quant.supplied.As price rises,the quant.supplied rises;as price falls,the quant.supplied falls.It tells that firms will produce&offer for sale product at a high price than at a low price [Question]	law of supply	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] corrpd. w/the price–quantity supplied data in a table.The upward slope of the curve reflects the law of supply—producers offer more of a good/service/resource for sale as price rises. The relationship between price& quantity supplied is positive/direct [Question]	supply curve	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] (1) resource prices, (2) technology, (3) taxes and subsidies, (4) prices of other goods, (5) producer expectations, and (6) the number of sellers in the market. [Question]	determinants of supply	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] a change in the schedule and a shift of the curve. An increase in supply shifts the curve to the right; a decrease in supply shifts it to the left. The cause of a change in supply is a change in one or more of the determinants of supply. [Question]	change in supply	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] a movement from one point to another on a fixed supply curve. The cause of such a movement is a change in the price of the specific product being considered. [Question]	change in quantity supplied	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] the price where the intentions of buyers and sellers match. It is the price where quantity demanded equals quantity supplied. [Question]	equilibrium price	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] the quantity at which the intentions of buyers and sellers match, so that the quantity demanded and the quantity supplied are equal. [Question]	equilibrium quantity	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] excess supply [Question]	surplus	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] excess demand [Question]	shortage	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] the production of any particular good in the least costly way [Question]	productive efficiency	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] the particular mix of goods and services most highly valued by society (minimum-cost production assumed). [Question]	allocative efficiency	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] sets the max. legal price a seller may charge for a product/service. A price at or below the ceiling is legal; a price above it is not. The rationale is that it enable consumers to obtain some “essential” good/service that they couldn't afford [Question]	price ceiling	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] a min. price fixed by the government. A price at or above the price floor is legal; a price below it is not. [Question]	price floor	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] Changes in the price level create real-balances,interest-rate,&foreign purchases effects that explain the downward slope of the AG curve.Changes in the determinants of aggregate demand alter the amounts of real GDP demanded at each price level. [Question]	explain how changes in consumer spending, investment spending, government spending, or net exports affects aggregate demand (AG)	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] By altering per-unit production costs independent of changes in the level of output, changes in one or more of the determinants of aggregate supply shift the aggregate supply curve. [Question]	explain why changes in input prices, productivity, or the legal environment affect aggregate supply	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] is a “variable price–variable output” model that allows both the price level and level of real GDP to change. It can also show longer time horizons, distinguishing between the immediate short run, the short run, and the long run. [Question]	aggregate demand–aggregate supply (AD-AS) model	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] a schedule or curve that shows the amount of a nation’s output (real GDP) that buyers collectively desire to purchase at each possible price level. [Question]	aggregate demand	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] The tendency for increases in the price level to lower the real value (or purchasing power) of financial assets with fixed money value and, as a result, to reduce total spending and real output, and conversely for decreases in the price level. [Question]	real-balances effect	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] The tendency for increases in the price level to increase the demand for money,raise interest rates, and, as a result, reduce total spending and real output in the economy (and the reverse for price-level decreases). [Question]	interest-rate effect	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] The inverse relationship between the net exports of an economy and its price level relative to foreign price levels. [Question]	foreign purchases effect	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] Factors such as consumption spending, investment, government spending, and net exports that, if they change, shift the aggregate demand curve. [Question]	determinants of aggregate demand	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] A schedule or curve that shows the total quantity of goods and services demanded (purchased) at different price levels [Question]	aggregate supply	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] An aggregate supply curve for which real output, but not the price level, changes when the aggregate demand curves shifts; a horizontal aggregate supply curve that implies an inflexible price level. [Question]	immediate-short-run aggregate supply curve	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] An aggregate supply curve relevant to a time period in which input prices (particularly nominal wages ) do not change in response to changes in the price level [Question]	short-run aggregate supply curve	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json
e9b4d079_Flashcards_about_EGC1__Question	[Answer] The aggregate supply curve associated with a time period in which input prices (especially nominal wages) are fully responsive to changes in the price level [Question]	long-run aggregate supply curve	[]	Flashcards about EGC1	Question	http://www.studystack.com/flashcard-960999	7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

2699a56a_Flashcards_about_Chapter_4__Question

[Answer] a social class of people who are wealthy and powerful [Question]

elite

[ [ "c", "h", "a", "r", "t", "e", "r" ], [ "c", "o", "l", "o", "n", "y" ], [ "a", "u", "c", "t", "i", "o", "n" ], [ "p", "l", "u", "n", "d", "e", "r" ], [ "e", "l", "i", "t", "e" ], [ "p", "l", "a", "n", "t", "a", "t", "i", "o", "n" ], [ "c", "a", "s", "h", " ", "c", "r", "o", "p" ], [ "r", "e", "s", "i", "s", "t" ], [ "e", "n", "s", "l", "a", "v", "e", "d" ], [ "L", "o", "r", "d", "s", " ", "P", "r", "o", "p", "r", "i", "e", "t", "o", "r", "s" ] ]

Flashcards about Chapter 4

Question

http://www.studystack.com/flashcard-189149

7/1438042988311.72_20150728002308-00143-ip-10-236-191-2_736598136_3.json

2699a56a_Flashcards_about_Chapter_4__Question

[Answer] a large farm [Question]

plantation

[ [ "c", "h", "a", "r", "t", "e", "r" ], [ "c", "o", "l", "o", "n", "y" ], [ "a", "u", "c", "t", "i", "o", "n" ], [ "p", "l", "u", "n", "d", "e", "r" ], [ "e", "l", "i", "t", "e" ], [ "p", "l", "a", "n", "t", "a", "t", "i", "o", "n" ], [ "c", "a", "s", "h", " ", "c", "r", "o", "p" ], [ "r", "e", "s", "i", "s", "t" ], [ "e", "n", "s", "l", "a", "v", "e", "d" ], [ "L", "o", "r", "d", "s", " ", "P", "r", "o", "p", "r", "i", "e", "t", "o", "r", "s" ] ]

Flashcards about Chapter 4

Question

http://www.studystack.com/flashcard-189149

7/1438042988311.72_20150728002308-00143-ip-10-236-191-2_736598136_3.json

2699a56a_Flashcards_about_Chapter_4__Question

[Answer] a crop grown for the purpose of selling it [Question]

cash crop

[ [ "c", "h", "a", "r", "t", "e", "r" ], [ "c", "o", "l", "o", "n", "y" ], [ "a", "u", "c", "t", "i", "o", "n" ], [ "p", "l", "u", "n", "d", "e", "r" ], [ "e", "l", "i", "t", "e" ], [ "p", "l", "a", "n", "t", "a", "t", "i", "o", "n" ], [ "c", "a", "s", "h", " ", "c", "r", "o", "p" ], [ "r", "e", "s", "i", "s", "t" ], [ "e", "n", "s", "l", "a", "v", "e", "d" ], [ "L", "o", "r", "d", "s", " ", "P", "r", "o", "p", "r", "i", "e", "t", "o", "r", "s" ] ]

Flashcards about Chapter 4

Question

http://www.studystack.com/flashcard-189149

7/1438042988311.72_20150728002308-00143-ip-10-236-191-2_736598136_3.json

2699a56a_Flashcards_about_Chapter_4__Question

[Answer] to go against [Question]

resist

[ [ "c", "h", "a", "r", "t", "e", "r" ], [ "c", "o", "l", "o", "n", "y" ], [ "a", "u", "c", "t", "i", "o", "n" ], [ "p", "l", "u", "n", "d", "e", "r" ], [ "e", "l", "i", "t", "e" ], [ "p", "l", "a", "n", "t", "a", "t", "i", "o", "n" ], [ "c", "a", "s", "h", " ", "c", "r", "o", "p" ], [ "r", "e", "s", "i", "s", "t" ], [ "e", "n", "s", "l", "a", "v", "e", "d" ], [ "L", "o", "r", "d", "s", " ", "P", "r", "o", "p", "r", "i", "e", "t", "o", "r", "s" ] ]

Flashcards about Chapter 4

Question

http://www.studystack.com/flashcard-189149

7/1438042988311.72_20150728002308-00143-ip-10-236-191-2_736598136_3.json

2699a56a_Flashcards_about_Chapter_4__Question

[Answer] to be made someone else’s property [Question]

enslaved

[ [ "c", "h", "a", "r", "t", "e", "r" ], [ "c", "o", "l", "o", "n", "y" ], [ "a", "u", "c", "t", "i", "o", "n" ], [ "p", "l", "u", "n", "d", "e", "r" ], [ "e", "l", "i", "t", "e" ], [ "p", "l", "a", "n", "t", "a", "t", "i", "o", "n" ], [ "c", "a", "s", "h", " ", "c", "r", "o", "p" ], [ "r", "e", "s", "i", "s", "t" ], [ "e", "n", "s", "l", "a", "v", "e", "d" ], [ "L", "o", "r", "d", "s", " ", "P", "r", "o", "p", "r", "i", "e", "t", "o", "r", "s" ] ]

Flashcards about Chapter 4

Question

http://www.studystack.com/flashcard-189149

7/1438042988311.72_20150728002308-00143-ip-10-236-191-2_736598136_3.json

2699a56a_Flashcards_about_Chapter_4__Question

[Answer] eight men with permission from the king of England to rule Carolina [Question]

Lords Proprietors

[ [ "c", "h", "a", "r", "t", "e", "r" ], [ "c", "o", "l", "o", "n", "y" ], [ "a", "u", "c", "t", "i", "o", "n" ], [ "p", "l", "u", "n", "d", "e", "r" ], [ "e", "l", "i", "t", "e" ], [ "p", "l", "a", "n", "t", "a", "t", "i", "o", "n" ], [ "c", "a", "s", "h", " ", "c", "r", "o", "p" ], [ "r", "e", "s", "i", "s", "t" ], [ "e", "n", "s", "l", "a", "v", "e", "d" ], [ "L", "o", "r", "d", "s", " ", "P", "r", "o", "p", "r", "i", "e", "t", "o", "r", "s" ] ]

Flashcards about Chapter 4

Question

http://www.studystack.com/flashcard-189149

7/1438042988311.72_20150728002308-00143-ip-10-236-191-2_736598136_3.json

9e547b06_shcards_about_Gastrointestinal__Question

[Answer] True [Question]

True or False? spitting and regurgitation of small quantities is normal in the newborn?

[]

Flashcards about Gastrointestinal

Question

http://www.studystack.com/flashcard-957227

7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json

9e547b06_shcards_about_Gastrointestinal__Question

[Answer] False [Question]

True or False? It is normal for a baby to vomit forcefully or vomit entire feeds?

[]

Flashcards about Gastrointestinal

Question

http://www.studystack.com/flashcard-957227

7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json

9e547b06_shcards_about_Gastrointestinal__Question

[Answer] Sepsis [Question]

If a baby began vomiting after day 1, stops feeding, looks ill, has abdominal distension, breathing difficulty, abnormal temperature and is irritable or lethargic...what would be your differential diagnosis?

[]

Flashcards about Gastrointestinal

Question

http://www.studystack.com/flashcard-957227

7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json

9e547b06_shcards_about_Gastrointestinal__Question

[Answer] Necrotising enterocolitus [Question]

If a baby began vomiting blood or bile stained vomit, had blood or mucous in its stool, pallor, looks ill, is floppy and lethargic and poor or very little feeding...what would be your differential diagnosis?

[]

Flashcards about Gastrointestinal

Question

http://www.studystack.com/flashcard-957227

7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json

9e547b06_shcards_about_Gastrointestinal__Question

[Answer] Gastrointestinal malformation such as oesophageal or tracheal fistula or atresia, or lower gastrointestinal malformation such as duodenal atresia [Question]

The baby has not passed meconium for > 24 hours, is coughing or choking with every feed, a gastric tube does not pass, has increasing abdominal distention, bile stained vomit and or dark or bloody stools...what would be your differential diagnosis?

[]

Flashcards about Gastrointestinal

Question

http://www.studystack.com/flashcard-957227

7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json

9e547b06_shcards_about_Gastrointestinal__Question

[Answer] Baby swallowed maternal blood [Question]

If the baby is vomiting blood stained vomit, has dark stools but is otherwise well and there is a historoy of maternal bleeding during labour or breastfeeding on cracked nipples...what is your differential diagnosis?

[]

Flashcards about Gastrointestinal

Question

http://www.studystack.com/flashcard-957227

7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json

9e547b06_shcards_about_Gastrointestinal__Question

[Answer] tracheo-oesophageal fistula [Question]

If you try to pass a nasogastric tube and it does not pass or comes back out...what is your differential diagnosis?

[]

Flashcards about Gastrointestinal

Question

http://www.studystack.com/flashcard-957227

7/1438042988311.72_20150728002308-00062-ip-10-236-191-2_733350056_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] Disability income insurance is available from [Answer]

private insurance companies, employer-sponcered plans, government-funded programs

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] Coverage that provides a specific monthly or weekly income when a person is unable to work because of an illness or injury is known as [Answer]

disability income insurance

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] The maximum amount of time for which benefits will be paid to the injured or ill person for a disability is called the [Answer]

benefit period

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] Residual benefits pay a [Answer]

partial benefit when the insured is not totally disabled

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] A policy that offers the insured person protection when loss of sight or loss of limb(s) occurs is called [Answer]

dismemberment benefit

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] When an illness or injury prevents an insured person from perfoming one or more of the functions of his or her regular job, the disability is called [Answer]

partial and residual disability

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] The term "guaranteed renewable" means that the insurer is [Answer]

required to renew the policy as long as premium payments are made, and the premium may be increased

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

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d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] Provisions written into the insurance contract denying coverage or limiting the scope of coverage are called [Answer]

exclusions

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] What are the two programs that the Social Security Administration (SSA) manages that pay monthly disability benefits to people younger than age 65 who cannot work for at least a year because of a severe disability: [Answer]

SSDI and SSI

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] In 1956, Congress established a program under Title II of the Social Security Act for long-term disability known as [Answer]

Social Security Disability Insurance

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] The Supplemental Security Income (SSI) program under Title XVI of the Social Security Act provides [Answer]

disability payments to needy people with limited income and few resources

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] What is the correct order in the appeals process [Answer]

Reconsideration, hearing, review by the Appeals Council, review by the federal court

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] The Armer Services Disability benefits program is avaliable to [Answer]

members of the armed services

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] What is the time limit for a veteran to file a claim to receive outpatient treatment at VA expense for a service-connected disability? [Answer]

within 1 year of sustaining the injury

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] The first state to provide a successful disability insurance program was [Answer]

Rhode Island

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] State disability insurance (SDI) is also known as [Answer]

unemployment compensation disability (UCD) and temporary disability insurance (TDI)

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] State disability insurance benefits begin after the [Answer]

seventh consecutive day of disability

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

d4d73811_shcards_about_A_Fordney_15__16__Answer

[Question] Funding for state disability insurance is usually a small percentage of the employee's wage that [Answer]

1. is deducted from employees' paychecks each month 2.the employer may elect to pay a portion of 3. the employer may elect to pay as a fringe benefit

[]

Flashcards about A Fordney 15& 16

Answer

http://www.studystack.com/flashcard-34605

7/1438042988860.4_20150728002308-00267-ip-10-236-191-2_743995406_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity. [Question]

economics

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] economic way of thinking, has several critical and closely interrelated features. [Question]

economic perspective

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] To obtain more of one thing, society forgoes the opportunity of getting the next best thing. [Question]

opportunity cost

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] the pleasure, happiness, or satisfaction obtained from consuming a good or service. [Question]

utility

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] comparisons of marginal benefits and marginal costs, usually for decision making. To economists,“marginal” means “extra,” “additional,” or“a change in.” Most choices or decisions involve changes in the status quo, meaning the existing state of affairs [Question]

marginal analysis

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] Observing realworld behavior&outcomes. Formulate a hypothesis.Testing the hypothesis bycomparing the outcomes of specific events to theoutcome predicted by hypothesis. Accepting,rejecting,&modifying the hypothesis.Testing the hypothesis against facts. [Question]

scientific method

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] a statement about economic behavior or the economy that enables prediction of the probable effects of certain actions. [Question]

economic principle

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] the assumption that factors other than those being considered do not change. They assume that all variables except those under immediate consideration are held constant for a particular analysis. [Question]

other-things-equal assumption

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] concerned w/decision making by individual customers,workers,households,&businessfirms.Measure the price of a specific product,#of workers employed by a firm,the revenue/income of a partic.firm/household,or spending of a specific firm,gov.entity,or family [Question]

microeconomics

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] examines either the economy as a whole or its basic subdivisions or aggregates, such as the government, household, and business sectors [Question]

macroeconomics

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] a collection of specific economic units treated as if they were one unit. Therefore, we might lump together the millions of consumers in the U.S. economy and treat them as if they were one huge unit called “consumers.” [Question]

aggregate

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] focuses on facts&cause-&-effect relatships.It includes description,theory development, &theory testing.Positive economics avoids value judgments.It tries to establish scitfc. statements about economic behavior&deals with what the economy is actually like. [Question]

positive economics

[]

Flashcards about EGC1

Question

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7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] Incorporates value judgments about what the economy should be like/what particular policy actions should be recommended to achieve a desirable goal.It looks at the desirability of certain aspects of the economy. [Question]

normative economics

[]

Flashcards about EGC1

Question

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7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] the need to make choices because economic wants exceed economic means [Question]

economizing problem

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Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] It is a schedule or curve that shows various combinations of two products a consumer can purchase with a specific money income. Although we assume two products, the analysis generalizes to the full range of products available to consumers. [Question]

budget line

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Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] all natural, human, and manufactured resources that go into the production of goods and services. [Question]

economic resources

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] includes all natural resources (“gifts of nature”) used in the production process. These include forests, mineral and oil deposits, water resources, wind power, sunlight, and arable land. [Question]

land

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] The physical actions&mental activities that people contribute to the production of goods /services.The work-related activities of a logger,retail clerk,machinist,teacher, profess. football player,&nuclear physicist all fall under “labor.” [Question]

labor

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Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] includes all manufactured aids used in producing consumer goods and services. Included are all factory, storage, transportation, and distribution facilities, as well as tools and machinery [Question]

capital

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Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] describe spending that pays for the production and accumulation of capital goods. [Question]

investment

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Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] The human resource that combines the other resources to produce a product, makes nonroutine decisions, innovates, and bears risks. [Question]

entrepreneurial ability

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Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] Because land, labor, capital, and entrepreneurial ability are combined to produce goods and services, they are called the factors of production, or simply “inputs.” [Question]

factors of production

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Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] products that satisfy our wants directly; industrial robots (for example, the kind used to weld automobile frames) [Question]

consumer goods

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] products that satisfy our wants indirectly by making possible more efficient production of consumer goods. [Question]

capital goods

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] A curve showing the different combinations of two goods or services that can be produced in a full-employment, full-production economy where the available supplies of resources and technology are fixed. [Question]

production possibilities curve

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] As the production of a particular good increases, the opportunity cost of producing an additional unit rises. [Question]

law of increasing opportunity costs

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] (1 ) An outward shift in the production possibilities curve that results from an increase in resource supplies or quality or an improvement in technology; (2) an increase of real output (gross domestic product) or real output per capita [Question]

economic growth

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] The equilibrium price&quaty.are est.at the inters.of the supply&demand curves.The interaction of market demand&market supply adjusts the price to the point at which the quanys.demanded&supplied are equal.It is equilibrium price & equilibrium quany. [Question]

use demand and supply concepts to determine market equilibrium

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] a schedule/curve that shows the various amounts of a product that consumers are willing/able to purchase@each of a series of possible prices during a specified period of time.It shows the quant. of a product that willbe purchased@ various possible prices. [Question]

demand

[]

Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] A curve illustrating demand. [Question]

demand schedule

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Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] Other things equal, as price falls, the quantity demanded rises, and as price rises, the quantity demanded falls. In short, there is a nega- tive or inverse relationship between price and quantity demanded. [Question]

law of demand

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] successive units of a particular product yield less and less marginal utility, consumers will buy additional units only if the price of those units is progressively reduced. [Question]

diminishing marginal utility

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Flashcards about EGC1

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7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] a lower price increases the purchasing power of a buyer’s money income, enabling the buyer to purchase more of the product than before. [Question]

income effect

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] at a lower price buyers have the incentive to substitute what is now a less expensive product for other products that are now relatively more expensive. The product whose price has fallen is now “a better deal” relative to the other products. [Question]

substitution effect

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Flashcards about EGC1

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7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] Inverse relationship between price&quantity demanded for a product can be represented on a graph.We measure quant.demanded on the horiz. axis&price on the vert.axis.Its downward slope reflects—people buy more of a product/service/ resource as price fall. [Question]

demand curve

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] They are the “other things equal” in the relationship between price & quantity demanded. When any of these determinants changes,the demand curve will shift to the right or left. Determinants of demand are sometimes referred to as demand shifters. [Question]

determinants of demand

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] demand for such products declines as their incomes fall. Products whose demand varies directly with money income are called superior goods [Question]

normal goods

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] rising incomes may cause the demand for charcoal grills to decline as wealthier con- sumers switch to gas grills. Goods whose demand varies inversely with money income [Question]

inferior goods

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Flashcards about EGC1

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http://www.studystack.com/flashcard-960999

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] is one that can be used in place of another good. [Question]

substitute good

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] one that is used together with another good [Question]

complementary good

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] a shift of the demand curve to the right (increase demand)/to the left (decrease demand). It occurs bc the consumer’s state of mind in response to determinants of demand. “Demand” is a sched./curve so, a“change in demand”means a change in sched./curve. [Question]

change in demand

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[Answer] A movement from one point to another point—from one price-quantity combination to another—on a fixed demand curve. The cause is an increase/ decrease in price of the product.Ex. a decline in the price from $5 to $4 will increase the quantity demanded. [Question]

change in quantity demanded

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] is a schedule or curve showing the various amounts of a product that producers are willing and able to make available for sale at each of a series of possible prices during a specific period. [Question]

supply

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] It shows the quantities of corn that will be supplied at various prices, other things equal. [Question]

supply schedule

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Flashcards about EGC1

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7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] Table that shows that a positive/direct relationship between price&quant.supplied.As price rises,the quant.supplied rises;as price falls,the quant.supplied falls.It tells that firms will produce&offer for sale product at a high price than at a low price [Question]

law of supply

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Flashcards about EGC1

Question

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] corrpd. w/the price–quantity supplied data in a table.The upward slope of the curve reflects the law of supply—producers offer more of a good/service/resource for sale as price rises. The relationship between price& quantity supplied is positive/direct [Question]

supply curve

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Flashcards about EGC1

Question

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] (1) resource prices, (2) technology, (3) taxes and subsidies, (4) prices of other goods, (5) producer expectations, and (6) the number of sellers in the market. [Question]

determinants of supply

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] a change in the schedule and a shift of the curve. An increase in supply shifts the curve to the right; a decrease in supply shifts it to the left. The cause of a change in supply is a change in one or more of the determinants of supply. [Question]

change in supply

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Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] a movement from one point to another on a fixed supply curve. The cause of such a movement is a change in the price of the specific product being considered. [Question]

change in quantity supplied

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Flashcards about EGC1

Question

http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] the price where the intentions of buyers and sellers match. It is the price where quantity demanded equals quantity supplied. [Question]

equilibrium price

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Flashcards about EGC1

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7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] the quantity at which the intentions of buyers and sellers match, so that the quantity demanded and the quantity supplied are equal. [Question]

equilibrium quantity

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] excess supply [Question]

surplus

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] excess demand [Question]

shortage

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] the production of any particular good in the least costly way [Question]

productive efficiency

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Flashcards about EGC1

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[Answer] the particular mix of goods and services most highly valued by society (minimum-cost production assumed). [Question]

allocative efficiency

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Flashcards about EGC1

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[Answer] sets the max. legal price a seller may charge for a product/service. A price at or below the ceiling is legal; a price above it is not. The rationale is that it enable consumers to obtain some “essential” good/service that they couldn't afford [Question]

price ceiling

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Flashcards about EGC1

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7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] a min. price fixed by the government. A price at or above the price floor is legal; a price below it is not. [Question]

price floor

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Flashcards about EGC1

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http://www.studystack.com/flashcard-960999

7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] Changes in the price level create real-balances,interest-rate,&foreign purchases effects that explain the downward slope of the AG curve.Changes in the determinants of aggregate demand alter the amounts of real GDP demanded at each price level. [Question]

explain how changes in consumer spending, investment spending, government spending, or net exports affects aggregate demand (AG)

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] By altering per-unit production costs independent of changes in the level of output, changes in one or more of the determinants of aggregate supply shift the aggregate supply curve. [Question]

explain why changes in input prices, productivity, or the legal environment affect aggregate supply

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7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] is a “variable price–variable output” model that allows both the price level and level of real GDP to change. It can also show longer time horizons, distinguishing between the immediate short run, the short run, and the long run. [Question]

aggregate demand–aggregate supply (AD-AS) model

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Flashcards about EGC1

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7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] a schedule or curve that shows the amount of a nation’s output (real GDP) that buyers collectively desire to purchase at each possible price level. [Question]

aggregate demand

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] The tendency for increases in the price level to lower the real value (or purchasing power) of financial assets with fixed money value and, as a result, to reduce total spending and real output, and conversely for decreases in the price level. [Question]

real-balances effect

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Flashcards about EGC1

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[Answer] The tendency for increases in the price level to increase the demand for money,raise interest rates, and, as a result, reduce total spending and real output in the economy (and the reverse for price-level decreases). [Question]

interest-rate effect

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Flashcards about EGC1

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] The inverse relationship between the net exports of an economy and its price level relative to foreign price levels. [Question]

foreign purchases effect

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Flashcards about EGC1

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7/1438042988860.4_20150728002308-00320-ip-10-236-191-2_744040115_3.json

e9b4d079_Flashcards_about_EGC1__Question

[Answer] Factors such as consumption spending, investment, government spending, and net exports that, if they change, shift the aggregate demand curve. [Question]

determinants of aggregate demand

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[Answer] A schedule or curve that shows the total quantity of goods and services demanded (purchased) at different price levels [Question]

aggregate supply

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[Answer] An aggregate supply curve for which real output, but not the price level, changes when the aggregate demand curves shifts; a horizontal aggregate supply curve that implies an inflexible price level. [Question]

immediate-short-run aggregate supply curve

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[Answer] An aggregate supply curve relevant to a time period in which input prices (particularly nominal wages ) do not change in response to changes in the price level [Question]

short-run aggregate supply curve

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e9b4d079_Flashcards_about_EGC1__Question

[Answer] The aggregate supply curve associated with a time period in which input prices (especially nominal wages) are fully responsive to changes in the price level [Question]

long-run aggregate supply curve

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