MB MC Overview 1 a Chapter l introduces the concept of scarcity as applied in economics(also the No-Free-Lunch Principle). It presents the unavoidable fact that our needs and wants are unlimited and resources available to satisfy them are limited

This chapter introduces comparative advantage and shows that having people specialize in the production in which they are relatively more efficient allows the production of more of everything. It introduces the production possibilities curve and develops the production possibilities model to show precisely how specialization enhances the productive capacity of an economy

Chapter 3 introduces markets and provides an overview of the supply and demand model. It begins by comparing central planning and the market as alternative methods of allocating resources Chapter 3-Supply and Demand: An Introduction Slide 3

Chapter 7 develops the concept of efficiency and explores why many tasks are best left up to the market It presents the concept of economic surplus in detail and looks at how unregulated markets can generate the largest possible economic surplus Chapter 7: Efficiency and Exchange

Section 1 general consideration Inflammation is the reaction ofa tissue and its microcirculation to a pathogenic insult. It is characterized by the generation of inflammatory mediators and movement offluid and leukocytes from the blood into extravascular tissues

Corporations, Shares, and shareholder Rights People who own stock have an equity interest in the organization e f a business has shares of stock it is organized as a corporation rather than a proprietorship or a partnership The shares of some corporations are closely held, while others are publicly held The two types of stock are common stock and preferred stock

1. Translate the following phrases into Chinese:(50%) 1. take it easy 2. on foot 3. bring into effect 4. and so forth 5 end up

art I Listening Comprehension Section C Spot Dictation Directions: In this section, you will hear a passage three times. Listen carefully during the first reading. Then listen to the passage again. When it is being read the second time, you

PR aims at winning public confidence and goodwill, giving a business or other ganization information, telling the pubic about a companys activities, plans or ideas and being on good terms with the public. It requires thoughtfulness about others beliefs

I.Introduction 1. Introductory Remarks Are there any sounds we cannot hear? Yes But does it mean there is something wrong with our hearing? As a matter of fact, most of us can only hear the sound vibrations that occur within the range of 20 times per second to 20 000 times per second. Those below