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Textbooks / Business / The Language of Composition: Reading, Writing, Rhetoric 2

The Language of Composition: Reading, Writing, Rhetoric 2nd Edition - Solutions by Chapter

The Language of Composition: Reading, Writing, Rhetoric | 2nd Edition | ISBN: 9780312676506 | Authors: Renee H. Shea, Lawrence Scanlon, Robin Dissin Aufses

Full solutions for The Language of Composition: Reading, Writing, Rhetoric | 2nd Edition

ISBN: 9780312676506

The Language of Composition: Reading, Writing, Rhetoric | 2nd Edition | ISBN: 9780312676506 | Authors: Renee H. Shea, Lawrence Scanlon, Robin Dissin Aufses

The Language of Composition: Reading, Writing, Rhetoric | 2nd Edition - Solutions by Chapter

The full step-by-step solution to problem in The Language of Composition: Reading, Writing, Rhetoric were answered by , our top Business solution expert on 01/25/18, 05:33PM. This textbook survival guide was created for the textbook: The Language of Composition: Reading, Writing, Rhetoric, edition: 2. This expansive textbook survival guide covers the following chapters: 13. The Language of Composition: Reading, Writing, Rhetoric was written by and is associated to the ISBN: 9780312676506. Since problems from 13 chapters in The Language of Composition: Reading, Writing, Rhetoric have been answered, more than 25435 students have viewed full step-by-step answer.

Key Business Terms and definitions covered in this textbook
  • ability-to-pay principle

    the idea that taxes should be levied on a person according to how well that person can shoulder the burden

  • appreciation

    an increase in the value of a currency as measured by the amount of foreign currency it can buy

  • Coase theorem

    the proposition that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own

  • consumption

    spending by households on goods and services, with the exception of purchases of new housing

  • diminishing marginal product

    the property whereby the marginal product of an input declines as the quantity of the input increases

  • economies of scale

    the property whereby long-run average total cost falls as the quantity of output increases

  • efficient scale

    the quantity of output that minimizes average total cost

  • externality

    the uncompensated impact of one person’s actions on the well-being of a bystander

  • fiscal policy

    the setting of the level of government spending and taxation by government policymakers

  • fixed costs

    costs that do not vary with the quantity of output produced

  • indifference curve

    a curve that shows consumption bundles that give the consumer the same level of satisfaction

  • job search

    the process by which workers find appropriate jobs given their tastes and skills

  • life cycle

    the regular pattern of income variation over a person’s life

  • median voter theorem

    a mathematical result showing that if voters are choosing a point along a line and each voter wants the point closest to his most preferred point, then majority rule will pick the most preferred point of the median voter

  • multiplier effect

    the additional shifts in aggregate demand that result when expansionary fiscal policy increases income and thereby increases consumer spending

  • normative statements

    claims that attempt to prescribe how the world should be

  • Phillips curve

    a curve that shows the short-run trade-off between inflation and unemployment

  • productivity

    the quantity of goods and services produced from each unit of labor input

  • total revenue (in a market)

    the amount paid by buyers and received by sellers of a good, computed as the price of the good times the quantity sold

  • world price

    the price of a good that prevails in the world market for that good

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