Write and balance equations for the following acid-base neutralization reactions:
(a) \(\mathrm{CsOH}(a q)+\mathrm{H}_{2} \mathrm{SO}_{4}(a q) \longrightarrow\)
(b) \(\mathrm{Ca}(\mathrm{OH})_{2}(a q)+\mathrm{CH}_{3} \mathrm{CO}_{2} \mathrm{H}(a q) \longrightarrow\)
(c) \(\mathrm{NaHCO}_{3}(a q)+\operatorname{HBr}(a q)\)
Text Transcription:
CsOH (aq) H_2SO_4 arrow right
Ca (OH)_2 (aq) + CH_3CO_2H (aq) arrow right
NaHCO_3 (aq) + HBr (aq) arrow right
Course Code: AR504 Sociology & Economics – V Semester Faculty: Ms. N. Jyotsna ECONOMICS CLASSICAL ECONOMICS The fundamental principle of the classical theory is that the economy is self‐regulating. Classical economists maintain that the economy is always capable of achieving the natural level of real GDP or output, which is the level of real GDP that is obtained when the economy's resources are fully employed. While circumstances arise from time to time that cause the economy to fall below or to exceed the natural level of real GDP, self‐ adjustment mechanisms exist within the market system that work to bring the economy back to the natural level of real GDP. Adam Smith’s three laws => 1) the law of self - interest. - people work for their own good & act solely based on self-interest 2) the law of competition - competition forces producers to make a better product 3) the law of supply and demand - enough goods would be produced or supplied at the lowest possible price to meet the demand in a market economy. SOCIALIST ECONOMICS - Karl Marx The economic system (of production & distribution) is controlled and regulated by the government so as to ensure welfare and equal opportunity to the people in a society. Main Features of Socialist Economy: (i) Collective Ownership: In socialism, all means of production are owned by the community, i.e., Government, and no individual can hold private property beyond certain limit. Therefor
