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Solutions for Chapter 12: Pastoral Peoples On The Global Stage: The Mongol Moment, 12001500

Full solutions for Ways of the World: A Brief Global History with Sources

ISBN: 9780312644666

Solutions for Chapter 12: Pastoral Peoples On The Global Stage: The Mongol Moment, 12001500

This expansive textbook survival guide covers the following chapters and their solutions. Since 6 problems in chapter 12: Pastoral Peoples On The Global Stage: The Mongol Moment, 12001500 have been answered, more than 2020 students have viewed full step-by-step solutions from this chapter. Chapter 12: Pastoral Peoples On The Global Stage: The Mongol Moment, 12001500 includes 6 full step-by-step solutions. Ways of the World: A Brief Global History with Sources was written by and is associated to the ISBN: 9780312644666. This textbook survival guide was created for the textbook: Ways of the World: A Brief Global History with Sources, edition: .

Key Business Terms and definitions covered in this textbook
  • Arrow’s impossibility theorem

    a mathematical result showing that, under certain assumed conditions, there is no scheme for aggregating individual preferences into a valid set of social preferences

  • average variable cost

    variable cost divided by the quantity of output

  • business cycle

    fluctuations in economic activity, such as employment and production

  • collusion

    an agreement among firms in a market about quantities to produce or prices to charge

  • discrimination

    the offering of different opportunities to similar individuals who differ only by race, ethnic group, sex, age, or other personal characteristics

  • dominant strategy

    a strategy that is best for a player in a game regardless of the strategies chosen by the other players

  • exports

    goods produced domestically and sold abroad

  • inflation rate

    the percentage change in the price index from the preceding period

  • libertarianism

    the political philosophy according to which the government should punish crimes and enforce voluntary agreements but not redistribute income

  • marginal revenue

    the change in total revenue from an additional unit sold

  • market

    a group of buyers and sellers of a particular good or service

  • model of aggregate demand and aggregate supply

    the model that most economists use to explain shortrun fluctuations in economic activity around its long-run trend

  • national saving

    the total income in the economy that remains after paying for consumption and government purchases

  • nominal GDP

    the production of goods and services valued at current prices

  • price floor

    a legal minimum on the price at which a good can be sold

  • random walk

    the path of a variable whose changes are impossible to predict

  • signaling

    an action taken by an informed party to reveal private information to an uninformed party

  • signaling

    an action taken by an informed party to reveal private information to an uninformed party

  • utility

    a measure of happiness or satisfaction

  • welfare

    government programs that supplement the incomes of the needy

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