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1. Select an animal or plant that you are familiar with that is living now. Describe several characteristics of this present day animal or plant.
2. Take this animal or plant and make small changes over long periods of time (thousands/millions of years) in 10 steps - the changes could be caused by factors such as pathogens, environmental, competition, climate, etc. Work as a group. Indicate the factor and what change it caused in the animal or plant at each step. Make small changes.
3. Clearly describe the changes in the original animal or plant. Remember that small changes are made over long periods of time. Show gradual change at each step. Remember to include the cause for the change.
4. This is not about the current known fossil history of an animal or plant, such as the evolutionary history of the modern horse. It is about taking the modern horse and changing it into something that has never been seen on earth - or at least we think it has never been seen before. Use your imagination.
Your text, on page 629, lists three arguments for trade restrictions. Since economists do not favor trade restrictions, and this is a course in Managerial Economics, make the case as an economist against trade restrictions for these three items. Are ..
Briefly outline the process for setting up a business in Australia. You should take into account the factors that an entrepreneur might consider in choosing.
Assume that the demand for cigarettes is perfectly inelastic, whereas the elasticity of supply is one. The equilibrium price is $1 a packet and the equilibrium quantity is 1000 packets a week..
Suppose that Taher's pizza business operates under competitive conditions and that his short-run production function is q=20^E. How much labor does he employ if the price of each pizza is p = $12 and the hourly wage is w0 = $6? [Hint: In this case, i..
Which of the following is not a true statement about discrimination I the US labor market
Pharmaceutical drugs have an inelastic demand, as well as computers have an elastic demand.
Why this statement is wrong: "Economists claim that when the price of something goes up, producers increase the quantity supplied to the market. But last year, the price of oranges was really high and the supply of them was really low.
US government issues a bond with a face value of $5,000 and a nominal rate of 5% per year payable semiannually. The bond has a maturity date of 20 years. If you want to earn nominal 20% minimum rate return (MARR) per year compounded semiannually, how..
Using the underlying logic of Transaction Cost Economics, explain why organizations are necessary in dynamic, hypercompetitive market environments.
A university in a metropolitan area wishes to increase its evening-school offerings of business-related courses such as marketing, accounting, finance, and management. Who are the target market customers (students) for these courses?
What is the probability that you get exactly two 3's AND exactly four 4's (in any order)?
An increase in the supply of money will lead to a(n) ____ in equilibrium real GDP and a(n) _____ in equilibrium price level. To close an inflationary gap using monetary policy, the Federal Reserve should _____ the money supply to _____ investment and..
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