Economics is the study of the choices people make in an effort to satisfy their needs and wants.truefalse

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Answer 1

True, The fundamental definition of economics is the study of the decisions people make in order to fulfill their needs and desires.

It examines how scarcity affects a wide range of subtle social concerns, including how resources are used, how commodities and services are produced, how output and welfare increase over time, and a number of other intricate problems.

Scarcity, supply and demand, costs and benefits, and incentives are four fundamental economic ideas that can be used to explain a variety of human decisions.

By distributing finite resources that could be used for other purposes, economics is typically defined as a social science that aims to satisfy needs and wants.

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Related Questions

briefly explain the views of malcolm x and how they differed from that of martin luther king jr.

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Two iconic leader of the 20th century of the civil rights are Malcolm X & Dr. Martin Luther King Jr. King served as the head of the Southern Christian Leadership, Malcolm X served as the head of a group.

Malcolm X and Dr. King were extremely different African American figures with very various backgrounds and modes of leadership . Malcolm X and Dr. King's "economic settings and settings" formed these persons . This may have occurred in Dr. King's life and experiences. He stood out for nonviolence and was renowned for his dynamic political skills.Their leaders as well as the strategy they employed to promote and drive social change were both affected by their personal experiences. They changed society as a whole and the public view thanks to their management style.

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Write a SUMMARY on the Civil War using 50 words. Please

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Answer:

we can not do that here sorry have a splendid day!

Explanation:

Can someone please answer this question I will mark brianliest!

Muslim scholars at the House of Wisdom developed a system of questioning and experimenting very similar to which scientific practice we have today?

A. logic
B. scientific method
C. geometry

Answers

Answer:

B. scientific method

Explanation:

During the Islamic Golden Age, Muslim scholars at the House of Wisdom in Baghdad, Iraq developed a system of questioning and experimentation that was very similar to the scientific method used today. They emphasized the importance of observation, experimentation, and the formulation of hypotheses to explain natural phenomena. They also translated and studied works from ancient Greek and Roman scholars such as Aristotle and Ptolemy, which had a significant influence on the development of their scientific method.

Suppose you run a company that makes and sells smartphones. If the stores in which your phones are sold cannot stock enough phones to meet customer demand, what would you do? Would you produce more phones or fewer phones? Would you change the price of your phones? Explain your decisions. Write a minimum of 3 sentences in your response in the space below.

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Answer:

If the stores in which my phones are sold cannot stock enough phones to meet customer demand, I would definitely produce more phones. This would be the logical decision in order to meet the high demand. Additionally, I would consider increasing the price of my phones in order to take advantage of the high demand. This would be beneficial for the company's revenue and profitability. However, it is important to note that a price increase should be done carefully and with consideration of the market conditions and competition in order to avoid any negative impact on sales.

Who was the Viceroy at the time of the partition of India and Pakistan *?.

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At the time of the partition of India and Pakistan in 1947, Lord Mountbatten was the last Viceroy of India.

He served as the Viceroy from March 1947 to August 1947, during which time he oversaw the transition of India from a British colony to an independent nation.

During his time as Viceroy, Lord Mountbatten worked with the Indian National Congress and Muslim League to facilitate the partition of India and the creation of the new nations of India and Pakistan.

He was instrumental in the successful transition of power and the establishment of the two countries.

Mountbatten had been appointed to the position in March of the same year with the intention of overseeing the transfer of power from the British Raj to the newly independent nations.

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what type of political and social order was used in tokugawa japan?

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In this era of reduced hostilities, the samurai warrior class evolved into a bureaucratic organization and centralized feudalism type of political and social order was used in Tokugawa japan .

The Confucian theory that society is divided into four social classes had some influence on this. They were a warrior, farmer, artisan, and merchant, in that order. Samurai, Daimy, and the shogun were the warrior class. Each class served a distinct purpose and was believed to contribute to social order.

A "centralized feudalism" system was used to maintain Tokugawa political order. This means that although there are feudal lords who rule over their own territories, there is also a centralized government, headed by the shogun.

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Danny has terrible migraines that interfere with his ability to complete his work. He just learned from his psychology class that the migraines could be caused by an overabundance of which neurotransmitter?
Glutamate
Dopamine
Serotonin
Norepinephrine

Answers

Danny learnt from his psychology class that the migraines could be caused by an overabundance of Glutamate neurotransmitter.

Migraine headaches are often caused by imbalances in neurotransmitters, which are chemical messengers that help regulate nerve signals in the brain. Imbalances in neurotransmitters such as serotonin and dopamine can lead to changes in the pain signals the brain receives, resulting in intense migraines.

Therefore, identifying and managing imbalances in neurotransmitters is key to treating migraine headaches. Fortunately, there are many therapies and treatments that target these imbalances, such as medications, dietary changes, and relaxation techniques, all of which can help alleviate migraine symptoms.

Hence, the correct option is "A".

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You’ve worked for several years in a department where most employees had recently graduated from college. Tomorrow, however, you start a new position, and most of your coworkers will be nearing retirement age. Based on research findings about people of the Baby Boomer generation, what attitudes can you expect your new colleagues to hold? Check all that apply.
(a) They tend to feel loyalty to the organization.
(b) They tend to place work at the center of their lives.
(c) They tend to believe that hard work and sacrifice should be rewarded.
(d) They tend to cultivate their individual identities and seek personalized experiences.

Answers

Based on what we've learned about Baby Boomers from research, we can expect our new work colleagues to have the following attitudes:

(a) They tend to feel loyalty to the organization.(b) They tend to place work at the center of their lives.(c) They tend to believe that hard work and sacrifice should be rewarded.

Baby boomers, born between 1946 and 1964, tend to have a strong sense of loyalty to their employers and organizations. They often view their job as a career rather than just a job, and they tend to stay with a company for longer periods of time.

Baby boomers are known for having a strong work ethic and for valuing their career over other aspects of their lives. They tend to be very driven by their work and see it as something that makes them happy both personally and professionally.

Baby Boomers tend to believe in the idea that hard work and sacrifice lead to success and that these efforts should be rewarded with promotions and higher pay. They may also view their job as a means to support their family and retirement.

These are generalizations, and not all individuals of the Baby Boomer generation will fit these descriptions.

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which branch of government is given constitutional responsibility for regulation of trade?

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The constitutional authority to regulate commerce is granted to the legislative branch of the government, or Congress. the rights guaranteed by the U.S. Constitution are typically referred to as constitutional law.

The Constitution outlines the three main federal government branches and their respective responsibilities. It also specifies the basic legislation of the United States federal government. The essential ideals of a government are embodied in a constitution. Only the sovereign power has the authority to modify our constitution after it was enacted. The constitution, which established the authority possessed by the various government agencies, must be followed by all legislation, executive acts, and judicial rulings. The king was compelled to ratify a new constitution that curtailed his authority. The club's original constitution forbade women from joining as full members. He must possess a very robust constitution. I've always had an ox's constitution.

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What are 3 government regulations that are placed on businesses?.

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Three examples of government regulations of business are:

The employer's share of Social Security and Medicare taxes State unemployment and also federal insuranceState income and also federal tax withholding

In economic and business, Government regulation of businesses generally can be defined as a business rules mandated by the U.S. Government to protect workers' rights, the environment, and businesses' power in a business-driven society. Guidelines that set the boundaries of legal conduct also can be used to described government regulation of business. There are 5 major area that should apply government regulation of business, such as advertising area, labor area, environmental impact area, privacy and health area and also safety area.

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obesity is the condition of being significantly overweight

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According to the definition of obesity, which is being substantially overweight,

What is the condition is known as?

A presumption on which the performance of a contract is contingent: stipulation. Covenant: a phrase that makes the application of such a legal instrument dependent upon an unpredictable eventuality. must adhere to the contract's requirements.

Is an illness a disease?

Similarly, when a harsher phrase is not preferable, condition understood particularly to signify the absence of pathology or sickness may occasionally be employed as a real worth term. A condition that causes disease can be further categorized as an illness or a disorder if these factors are not present.

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what does it mean when someone graduate magna cumme laude

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Magna cu-m lau-de, which translates as "with much praise," is given to pupils who excel in the classroom. It is less prestigious than sum-ma cu-m lau-de but more prestigious than cu-m lau-de awards.

A class rank in the 85th percentile or higher in the student's school or college, as well as a minimum overall GPA of 3.4. summarise and lau-de a class rank in the 95th percentile or higher in the student's school or college, as well as a minimum overall GPA of 3.7.

Magna is beneath sum-ma. Magna cu-m lau-de, which means "with great distinction," is Latin. "The Latin phrase "sum-ma cu-m laude" means "with the highest distinction. " "With distinction" or cu-m lau-de com-es in third.

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What percentage of congress is needed to override a presidential veto?

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Answer: More than 40%

Explanation:

Which of the following describes the contribution that Eli Whitney made to industrialization in the United States?

Answers

Answer:

. In 1798, he figured out how to manufacture muskets by machine so that the parts were interchangeable.

Answer:

He introduced interchangeable parts.

Explanation:

Majority of India was to be...

Question 3 options:

Hindu


Muslim


Im in a K12 online school if you know please help

Answers

The majority was to be Hindu.

the answer is Hindu

China experienced the least amount of success in reforming economic growth and private ownership since the death of Mao Zedong.

Question 5 options:
True
False

Answers

China experienced the least amount of success in reforming economic growth and private ownership since the death of Mao Zedong. The statement is true.

What did Mao Zedong do for China?

Mao Zedong, also known as Chairman Mao (26 December 1893 – 9 September 1976), was a Chinese communist revolutionary who founded the People's Republic of China (PRC).

From the PRC's founding in 1949 until his death in 1976, he served as the head of the Chinese Communist Party.

China's embrace of economic reforms in the late 1970s resulted in a spike in economic growth and helped China regain its position as a significant world economic power.

Therefore, China experienced the least amount of success in reforming economic growth and private ownership since the death of Mao Zedong. The statement is true.

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1. Is this document a primary or a secondary source? Explain your thinking.

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This documentary is primary source as the data is collected and written after some research.

What is primary source?


Primary sources are the documentary proof of history, original writings or artifacts produced by witnesses or participants at the time of historical occurrences or even long afterward, as in memoirs and oral histories.

The closest sources to the information's source are referred to as primary sources. They need to be interpreted by academics because they are raw data. Primary sources and secondary sources frequently provide interpretations of one another.

Thus, it is primary source.

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if your wheels drift onto the shoulder of the road and you want to return to the paved road, you should?

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If the wheels of your car start to drift onto the road shoulder, you MUST slow down, regain control, and turn slowly back onto the road. You MUST NOT attempt to turn back onto the pavement right away.

When it is safe to do so, gently veer left to help the right wheels firmly land on the pavement. Right-brake gently to straighten out as soon as you feel your wheels return to the pavement. Once you're safely back on the pavement and in full control of your car, accelerate to keep up with the flow of traffic. Before attempting to return to the road, slow down to 25 MPH or less. You can put all four wheels back on the road by slowing down to this speed without losing control of your car.

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what are the rights and responsibilities of the city of baghdad​

Answers

Answer:

Government

Municipal services
Health
Education

Explanation:

Government
Baghdad is both a national and a provincial capital. The governor (muḥāfiẓ) of the Baghdad governorate traditionally has been responsible to the minister of interior, and the city has been administered by a mayor. As the seat of the national government, Baghdad also contained the offices of the president, the Council of Ministers, and the National Assembly. During the Iraq War, the civil and military administration of the occupying forces was headquartered there pending the reestablishment of Iraq’s government.

Municipal services

Beginning in the 1950s, the government greatly expanded public services in Baghdad, providing low-cost housing for poor and middle-income families, as well as electricity, sewage, and medical facilities. The Persian Gulf War left large parts of the infrastructure—particularly the city’s power grid and communications systems—in shambles. During the 1990s reconstruction was hampered by a lack of spare parts, and power blackouts were common. As a result, water purification, which was powered by electricity, was difficult to maintain, and rates of infectious disease transmitted through waterborne pathogens increased. The conflict that began in 2003 was also destructive, in part because of the already fragile state of the city’s infrastructure.

Police and fire services have historically been good, although the police force has traditionally been highly politicized. Following the initial phase of the Iraq War, the restoration of order (especially a crackdown on looting) was hampered by the large number of police officials who had been closely tied to the Baʿathist regime and were either unable or unwilling to return to duty. At that same time, fire fighting was hampered by such problems as a lack of equipment and low water pressure for hoses.

Health

Baghdad has numerous hospitals, clinics, and dispensaries—many of them specialized—and has far and away the best health-care facilities in the country. A major medical complex, Madīnat al-Ṭibb (“Medical City”), is located along the Tigris near Wizāriyyah. Medical services suffered during the UN sanctions of the 1990s, and the best medical care was generally available only to members of the ruling party and its supporters. Reviving the city’s greatly degraded health-care system became a major task of U.S. administrators following the initial phase of the Iraq War.

Education

Public school facilities expanded rapidly beginning in the 1950s. Education is compulsory through primary school, and statistics showed nearly total compliance in Baghdad throughout the 1980s. During the 1990s many young students left school to seek employment.

The Baghdad governorate has more than 1,000 primary schools, several hundred intermediate and secondary schools, and a number of vocational schools, as well as numerous technical institutes and teachers’ training schools. Baghdad is the centre of higher education in Iraq. The University of Baghdad was established in 1957, although some of its faculties were founded much earlier. There are, in addition, three other institutions of higher learning: Al-Mustanṣiriyyah University (1963), the University of Technology (1975), and Al-Bakr Military Academy. Education is free up to and including the university level.

As the capital city of Iraq, Baghdad has the same rights and responsibilities as any other city in the country.

These include providing basic public services such as education, health care, and sanitation to its residents, as well as maintaining and developing infrastructure such as roads, bridges, and public transportation.

The city is also responsible for enforcing laws and maintaining public safety, as well as promoting economic development and preserving cultural heritage.

Additionally, the city government has a responsibility to represent the interests of its residents and to be accountable to them through democratic processes such as elections

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one effect of the slave trade on african societies was

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The slave exchange had a devastating impact on Africa. The economic incentives for warlords and tribes to engage in the slave trade fostered an atmosphere of lawlessness and violence.

In many parts of West Africa, declining populations and the continued fear of captivity led to little economic and agricultural development. became impossible.

Most of those captured in Africa were women of childbearing age and young men who would normally have had families. European slave traders typically left behind the elderly, disabled, or otherwise dependent individuals – the group that could contribute the least to the economic health of society. The transatlantic slave trade brought enormous wealth to many individuals, businesses and countries, but the brutal human trafficking and resulting high numbers of deaths ultimately led to organized opposition to the trade. caused it.

In 1807 England abolished the slave trade. Another of her 1833 laws emancipated those who had been enslaved in the British colonies.

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Instead of getting married for life to one partner at a relatively young age, which was the
prevailing pattern for Americans a half century ago, increasing numbers of people are now
postponing marriage, ending unhappy marriages, marrying over and over again, or foregoing
marriage altogether. How might the postmodern perspective explain this shift from lifelong
marriage to lifestyle diversity?

Answers

According to postmodernists, people now have more opportunity to "find the one" and try out different types of relationships before deciding to settle down and get married because premarital sex and relationships.

What is the concept of postmodernism?In Western philosophy, postmodernism, also spelled post-modernism, is a late 20th-century movement characterized by a general suspicion of reason, broad scepticizm, subjectivism or relativism, and an acute sensitivity to the role of ideology in establishing and maintaining political and economic power.Postmodernism is a speech style that opposes epistemic certainty, the stability of meaning, and the reliance on ideology as a tool for preserving political power. It is marked by philosophical scepticism against the big narratives presented by modernism.A position or manner of speech known as postmodernism criticises worldviews connected to Enlightenment rationality that date back to the 17th century. Relativism and a reliance on ideology in the upkeep of political and economic power are two characteristics of postmodernism.

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a reduction in population size caused by a natural disaster, called?

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A reduction in population size caused by a natural disaster is called a bottleneck event.

This phenomenon is also known as the bottleneck effect and occurs when a natural disaster or similar event randomly kills a large portion of the population. This event can drastically reduce the gene pool of a species, leading to a decrease in genetic diversity and potentially serious consequences for the species.

A bottleneck event is an extreme example of genetic drift that happens when the size of a population is severely reduced.  Events like natural disasters, disease outbreaks, and other catastrophes can cause a bottleneck event.

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why did many countries feel bitter and cheated as a result of the treaty

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The war guilt clause created a lasting legacy of hostility among Germans; Asians and Africans were irate that their demands for independence were disregarded; and Japanese and Italians received less territory than

The definition of legacy

an item or someone from the past, or anything that happened previously. He left his kids a love and respect heritage. Pain and suffering were left behind by the battle.

What is an individual's legacy?

One's essential values, morals, and beliefs may be part of their legacy. A legacy can be money or other things you own. One's reputation, character, and way of life can all leave a legacy through inspiring others and influencing their course in life. Legacies frequently have a significant impact, inspire, and depart.

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why didn’t jackson like the bank of the united states?

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Andrew Jackson, didn't like Bank of The United States , or BUS, because he believed it held too much power and was controlled by wealthy elite individuals who were not accountable to the American people.

Andrew Jackson, the 7th President of the United States who opposed the Bank of the United States, also believed that the BUS favored northeastern states over southern and western states, and that it limited the ability of state-chartered banks to expand. Additionally, he felt that the BUS hindered his efforts to implement a policy of "hard money" that would strengthen the nation's currency. He vetoed the re-charter of the BUS in 1832, and eventually succeeded in dismantling it.

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In occupations where there is exposure to ionizing radiation, time, distance and _____ are important in considering worker safety.

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In occupations where there is exposure to ionizing radiation, time, distance and shielding are important in considering worker safety.

What are the physical hazards in the workplace?

Excessive amounts of ionizing and nonionizing electromagnetic radiation, noise, vibration, lighting, and temperature are just a few of the physical dangers that workers must deal with on the job.

Time, distance, and shielding are vital elements for assuring worker safety in jobs where there is exposure to ionizing radiation. The risk from radiation grows when one is exposed to it for a longer period of time; as a result, the risk is greater the longer the exposure period.

Distance can be a useful technique for limiting exposure to ionizing and non-ionizing radiation. By comparing the squares of the worker's and the source's distances, it is possible to determine the radiation levels from various sources.

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According to the fifth amendment and the ruling in kelo v. city of new london, when can the government take your property? check all that apply.

Answers

The correct option is A) Only if the city could demonstrate the community would benefit might the property be taken.

The property may have been taken by the government for almost any public purpose. The property could not have been condemned by the authorities.

Kelo v. New London was decided by the Supreme Court in 2005. The government could seize privately owned land and give it to a private developer, the court ruled in accordance with the city of New London.

John Paul Stevens expressed the mainstream view. No. In a 5-4 decision, Justice John Paul Stevens wrote for the majority and stated that the takings clause applied to the city's taking of private property to sell for private development.

The complete question is- According to the fifth amendment and the ruling in Kelo v. city of new London, when can the government take your property? check all that apply.- A) Only if the city could demonstrate the community would benefit might the property be taken. B) In case of unpaid taxes. C) Whenever government feels like. D) All of the above.

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Hindsight bias and overconfidence often lead us to overestimate
a. the value of an empirical approach.
b. how often random sequences fail to look random.
c. the need for critical thinking.
d. the accuracy of our intuition.

Answers

hi! the correct answer should be -
D. the accuracy of out intuition

The expelling from a country or genocide of an ethnic group called

Answers

The expelling from a country or genocide of an ethnic group called cleansing.It is an rendering area ethnically homogeneous by using intimidation or force to remove persons of given groups from the area.

An example of ethnic cleansing the Holocaust inflicted on the massacres and mass starvation,Jewish people in Europe by the Nazis and Armenian genocide in Turkey. Ethnic cleansing described about a purposeful policy designed by one religious or ethnic group to remove by terror and violent.

Ethnic cleansing referred as the attempt to get rid of through even mass killing members, displacement, deportation or an undesired ethnic group in order to established an ethnically homogenous geographic area.It was used most of the slavic people in central and eastern Europe for the purpose of providing more living space for the Germans.

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Most teachers develop from their:_____.a. teacher’s edition of the textbook b. past tests c. students’ suggestionsd. lecture notes

Answers

Option D is correct, Most teachers develop fill-in-the-blanks questions from their lecture notes.

Test-taking methods are mental skills that help you respond appropriately to any testing situation and plan your course of action. Fill-in-the-blank forms provide a number of benefits, such as being easier to write and limiting guesswork. Although fill-in-the-blank questions are not frequently included on standardized examinations, many teachers do include them in exams. Fill-in-the-blank or completion questions on tests are frequently made by teachers directly from their lecture notes. The secret to succeeding on this kind of test is taking excellent notes. Highlight new words, significant dates, memorable phrases, and the names of significant individuals in your lecture notes as you prepare for this kind of test. On a completion test, you will frequently be required to write in them.

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elizabeth blank protagonist of pride and prejudice crossword

Answers

Elizabeth Bennet  was considered as protagonist of pride and prejudice.

She has many admirable traits, including being beautiful, intelligent, and having some of the best dialogue in a book that is defined by it. She is able to rise above the nonsense and bad behavior that permeate her class-bound and frequently spiteful society thanks to her honesty, virtue, and sharp wit.Elizabeth exhibits the Intuitive personality trait due to her disregard for tradition and interest in bigger ideas. She also exhibits a propensity for daydreaming, which is common among Intuitive types.She was altered by his love. This is how it Elizabeth Bennet reacted.

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according to the article, what caused montgomery, alabama, to desegregate its buses? What is rotation and revolution of the Earth for Class 3?. a system of linear equations is graphed. which ordered pair is the best estimate for the solution to the system? A parallelogram is a _____ polygon in which both pairs of opposite sides are parallel. find the value of a and b when x=12.\frac{5x^2}{2} How do I balance this? For what value of k is 3x 2kx 27?. Are there only 46 chromosomes in each cell?. name two types of applications that would be better suited to assembly language than a high-level language. economics is question 9 options: the social science that studies human mental functions and behavior, with a focus on phenomena such as perception, cognition, personality, and interpersonal relationships. the social science that studies the allocation and transfer of power in decision-making, systems of governance, and the effects of public policy. the social science that studies decision making in the face of scarcity and the resulting impact of such decisions on both society as a whole and on the individual members therein the art of communicating financial information about a business entity to Which of the following best describes the benefits of having insurance?A) Insurance combined with emergency savings provides a sense of financial security andpeace of mindB) It is required by law to purchase insurance so the benefits do not matterC) The policyholder no longer has to worry about paying for financial losses resulting froman accident because all risk of financial loss is transferred to the insurance companyD) The policyholder may become better off financially if an accident occurs What two types of people ruled oligarchies?. Following the War of 1812, the construction of US railroads and growth of US cities showed that One of the purposes of adjusting entries is to:a. ensure debits equal credits.b. make assets equal liabilities plus owners' equity.c. recognize all revenues earned during the period.d. record all external transactions at the end of the year. Which of the following represents the amount of air that can be expelled from the lungs by maximum exhalation following maximum inhalation?a. vital capacityb. total lung capacityc. residual volumed. expiratory reserve volume Can someone please help me with this math problem it is so confusing? The math problem is located in the picture, Thanks!Domain:Range: which transformations were used to create congruent trapezoid W' X' Y' Z' from Trapezoid W XYZ In a response of 23 sentences, provide one detail or fact you found in your research and list the required source information."Report: top college athletes worth 6 figures""Let's start paying college athletes""Worth of athletic scholarship can go beyond degree" Paul ha driven the ame car for the lat 15 year and now it ha become unreliable. Hell need a new one to make ure he get to work on time everyday. The new car he want i $30,000, but Paul doent have that much available. He goe to a bank and applie for a loan to buy the car. The bank give him the loan and Paul drive the new car home. Which tatement BEST decribe Paul ituation? Repone A Now Paul i in debt. Now Paul i in debt. B Now Paul ha bad credit. Now Paul ha bad credit. C Now Paul i an entrepreneur. Now Paul i an entrepreneur. D Now Paul ha a credit card Consider the problem of predicting Y using another variable, X, so that the prediction of Y is some function of X, say g(X). Suppose that the quality of the prediction is measured by the squared prediction error made on average over all predictions, that is, by E{[Y g(x)]?}. This exercise provides a non-calculus proof that of all possible prediction functions g, the best predic- tion is made by the conditional expectation, E(Y|X). a. E(Y|X), and let u = Y denote its prediction error. Show that E(u) = 0. (Hint: Use the law of iterated expectations.) b. Show that E(uX) = 0. c. Let = g(x) denote a different prediction of Y using X, and let v = Y denote its error. Show that E[(Y )?] > E[(Y - )2]. [Hint: Let h(X) = g(x) E(Y|X), so that v = [Y - E(Y|X)] - h(X). Derive E(v2).] a. Let =