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Class Notes at Wingate University

Economics 221 Lecture 4: Test 4

Theories of Trade Mercantilism Zero-sum view of trade 16th through 18th century Britain Gold and silver=money=wealth Dont want to give up your wealth via trade Limits imports, encourage exports Establish colonies Absolute ...

Economics
Economics 221
Lowery
Economics 221 Lecture 3: Test 3

Test 3 Perfect Competition is good as Reflects consumer preferences Most efficient allocation of resources Full employment of resources Opportunity costs are paid Consumer satisfaction maximized What is a monopoly One supp...

Economics
Economics 221
Lowery
Economics 221 Lecture 2: Test 2

Test 2 Utility The power of a good or service to fulfilsatisfy a want Marginal Utility (Change in utility) (change in quantity) Law of Diminishing Marginal Utility The longer you use a good, the less utility you get from i...

Economics
Economics 221
Lowery
Physics 101 Lecture Notes - Lecture 25: Parachuting

DRAG Drag always opposes the motion; it is a resistive force. The faster an object, the more drag it experiences. 2 D = ()CpAv A = cross section area p = the density of air = 1.2 (kgm) 3 C = drag coefficient v = speed CROS...

Physics
Physics 101
Kroeger
Physics 101 Lecture Notes - Lecture 32: Net Force

TORQUES AND APPLICATION: A SUBSECTION OF CHAPTER 8 IMPORTANT INFORMATION BEFORE YOU START NOTATION FOR THIS CHAPTER Torque: Theta: DEFINITION OF TORQUE = rFs EXAMPLES EXAMPLE ONE: Which third force on the wheel, applied, a...

Physics
Physics 101
Kroeger
Economics 221 Lecture Notes - Lecture 1: Business Cycle, Opportunity Cost, Productive Efficiency

Test 1 Opportunity cost: Things given up in order to do something else Economy: an institutional structure in which individuals coordinate wants and needs What do economists ask? What to produce How do we produce it For wh...

Economics
Economics 221
Lowery

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