1.Which of the following is an example of government regulation? The legal prohibition of an act with negative externalities 2. Why is the Coase theorem often inapplicable to real world situations? Transaction costs are rarely low 3. Which of the…
1. Using attributes such as STU_LNAME and STU_FNAME, the entity STUDENT would be represented with a _____ in the Chen model. rectangle 2. One important inheritance characteristic is that all entity subtypes inherit their _____ key attribute from their supertype.…
1.The law of diminishing returns states that ______________. adding more of one factor of production eventually yields smaller increases in output 2. How do economic profit and accounting profit differ? Economic profit includes implicit (opportunity) costs and accounting profit does…
1. Use the above business rules for the cruise database to answer what is the appropriate connector for number 1 2. Use the above business rules for the cruise database to answer what is the appropriate connector for number 2…
1.Imagine Firm A has an absolute advantage in cereal production over Firm B. If both firms are producing 10 boxes of cereal an hour, what is true about the marginal cost of the 11th box of cereal? The marginal cost…
1. The following three tables make up a simple reservation system for a small campground. The database should allow for a camper to make multiple reservations for future dates and for a camping spot to have several reservations for upcoming…
1.GDP measures the value of __________. final goods and services 2.What are two methods of calculating GDP? income and expenditure approach 3.Why does the multiplier effect exist? Because a change in expenditure leads to changes in income, generating further spending…
1. What is the result of redundant data in the database? Data anomalies that lead to data inconsistencies 2. Which of the following is not a function of a DBMS? User management 3. Why is identifying and documenting business rules…
1. The price and quantity pairs that are graphically depicted in a demand curve can be taken from a _______________. demand schedule. 2.The price elasticity of demand measures the responsiveness of _____________. the quantity demanded of a good to a…
1) Which of the following is an example of a barrier to entry? High research and development costs 2). The downward slope of a monopolistically competitive market’s demand curve signifies ____. that firms in the industry have a degree of…
