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Basic Tools for Economic Analysis
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Basic Tools for Economic Analysis

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Questions and Answers

What is represented by the equation C= 12 + 2y?

  • The total consumption independent of income levels
  • The relationship between consumption and income that varies directly (correct)
  • The relationship between demand for goods and availability of resources
  • The relationship between income and the average price level
  • Which tool is primarily used to illustrate a relationship between two variables symbolically?

  • Standard deviation
  • Simultaneous equation
  • Simple linear equation (correct)
  • Mean deviation
  • What does the range measure in a set of data?

  • The difference between the highest and lowest values (correct)
  • The average value of the set
  • The influence of the lowest value
  • The mean of all absolute deviations
  • What is the effect of extreme values on the measure of dispersion known as range?

    <p>It is highly influenced by extreme values</p> Signup and view all the answers

    In the context of economic analysis, what does the symbol 'm' typically represent in the equation Qr = F(m)?

    <p>The demand for meat</p> Signup and view all the answers

    Which measure of dispersion calculates the arithmetic mean of all absolute deviations?

    <p>Mean deviation</p> Signup and view all the answers

    If the highest value in a data set is 53 and the lowest is 9, what is the calculated range?

    <p>44</p> Signup and view all the answers

    What is the primary reason Bendu's mother, Eva Lewis, returns from the United States?

    <p>To boost Bendu's confidence and facilitate her healing</p> Signup and view all the answers

    How does Calvin contribute to the community after his experience in Sierra Leone?

    <p>By setting up a scholarship scheme for Liberian children</p> Signup and view all the answers

    What significant action does Tenneh take in seeking her redemption?

    <p>She writes a letter to her mother and reveals her HIV status</p> Signup and view all the answers

    What motivates Siatta to divorce her husband Terrance?

    <p>His infidelity and betrayal</p> Signup and view all the answers

    What method does Bendu use to cope with her trauma and find closure?

    <p>By writing a symbolic letter to those who hurt her during the war</p> Signup and view all the answers

    How does Peace in Practice assist Tenneh in her journey after revealing her HIV status?

    <p>By organizing HIV-awareness programs and counseling</p> Signup and view all the answers

    What realization does Bendu come to regarding her brother, Benji?

    <p>He sacrificed his life for her and others during the conflict</p> Signup and view all the answers

    What role does Siatta take on after coming to terms with post-war realities in Liberia?

    <p>Peer Counselor</p> Signup and view all the answers

    What narrative technique is primarily used in the book to maintain reader interest throughout the story?

    <p>Suspense</p> Signup and view all the answers

    In which chapter does Bendu confess to her family after a buildup of internal conflict?

    <p>Chapter One</p> Signup and view all the answers

    What revelation does Siatta discover about Terrance through his phone in chapter twenty-five?

    <p>He has been communicating with Kessely.</p> Signup and view all the answers

    What is the effect of the flashbacks regarding Calvin’s feelings toward Bendu?

    <p>They depict romantic feelings.</p> Signup and view all the answers

    What is one of the primary functions of foreshadowing in the narrative?

    <p>To hint at future events.</p> Signup and view all the answers

    During the death remembrance of Granny May, what sentiment does Bendu experience?

    <p>A sense of guilt and emotional pain.</p> Signup and view all the answers

    What literary device is demonstrated when an event in the novel is linked to the Bible?

    <p>Biblical Allusion</p> Signup and view all the answers

    What motivates the author to shift between different characters and situations throughout the story?

    <p>To create a complex narrative structure.</p> Signup and view all the answers

    What demonstrates Bendu's resilience during the war?

    <p>Her unwavering support for her sick grandmother</p> Signup and view all the answers

    How does Tenneh portray the theme of resilience?

    <p>By bravely sharing her HIV-positive status</p> Signup and view all the answers

    Which character grapples with the theme of loss due to the death of a child?

    <p>Eva Lewis</p> Signup and view all the answers

    What is Bendu's attitude towards helping others, despite her own trauma?

    <p>Supportive and committed</p> Signup and view all the answers

    What action does Bendu refuse to take regarding Varney, reflecting her determination?

    <p>Dropping charges against him</p> Signup and view all the answers

    In what way do the characters express their grief over Benji's death?

    <p>They commemorate his death in various ways</p> Signup and view all the answers

    What is a key aspect of Bendu's NGO, Peace in Practice?

    <p>Helping war-affected women through counseling</p> Signup and view all the answers

    What emotional challenge does Tenneh confront publicly?

    <p>Her HIV-positive status</p> Signup and view all the answers

    What significant action does Bendu Lewis take to support civil war survivors?

    <p>She founded an NGO called Peace in Practice.</p> Signup and view all the answers

    Which character is known for their sense of humor and generosity?

    <p>Catherine May Tyler</p> Signup and view all the answers

    How does Bendu respond to the advice of abandoning her grandmother during the war?

    <p>She ignores it and stays with her.</p> Signup and view all the answers

    Which statement about Siatta Terrence is true?

    <p>She supports Bendu during a difficult time.</p> Signup and view all the answers

    What is the primary challenge Bendu faces related to her husband Solomon?

    <p>She was captured and taken to a rebel camp.</p> Signup and view all the answers

    What was used to symbolize Granny May's presence during her memorial?

    <p>A casket with personal items</p> Signup and view all the answers

    What key trait defines Bendu Lewis as a character?

    <p>Her patriotic spirit</p> Signup and view all the answers

    Why is Bendu's perspective important in the narrative?

    <p>Most events unfold through her eyes.</p> Signup and view all the answers

    What prompted Bendu to feel that Cousin Rebecca blames her for Granny May's death?

    <p>Bendu's insistence on leaving the village</p> Signup and view all the answers

    What was Samson's behavior towards Bendu during their time at Duluma camp?

    <p>He regularly assaulted her and made threats.</p> Signup and view all the answers

    What significant action did Bendu take against Samson?

    <p>She confronted him and punched him in the face.</p> Signup and view all the answers

    What legal action does the law firm led by John Reeves take against Moses Varney?

    <p>A lawsuit for abduction and assault.</p> Signup and view all the answers

    How did Counselor Marlon Gray initially feel about the plight of victims of the war?

    <p>He appeared indifferent and ignorant of their suffering.</p> Signup and view all the answers

    What did Bendu's narrative reveal to Counselor Marlon Gray?

    <p>The severity of Moses Varney's war crimes.</p> Signup and view all the answers

    What role does Chief Kesselly play when Bendu is arrested?

    <p>He is the police chief overseeing her arrest.</p> Signup and view all the answers

    What is the significance of Cousin Orlando's abduction by rebel soldiers?

    <p>It highlights the dangers faced by family members during the conflict.</p> Signup and view all the answers

    Study Notes

    Basic Tools for Economic Analysis

    • Simplify complex economic theories and principles.
    • Present information concisely and clearly.
    • Include simple linear equations, simultaneous equations, and measures of dispersion.

    Simple Linear Equations

    • Illustrate relationships between two variables symbolically.
    • Example: Demand for rice (Qr) as a function of meat availability (m): Qr = F(m).
    • Example: Demand for noodles (Qr) as a function of price (Pi): Qr = P(Pi).
    • Example: Consumption (C) as a function of income (x): C = F(x).
    • Direct variation: C increases as x increases (e.g., C = 12 + 2y).
    • Inverse variation: C decreases as x increases (e.g., C = 12 - 2y).
    • Example calculation: If C = 10 + 2y, and y = 0, 5, 10, 20; then C = 10, 20, 30, 50 respectively.

    Measures of Dispersion

    • Quantify the spread or clustering of values in a distribution.
    • Includes range, mean deviation, standard deviation, and variance.

    Range

    • Simplest measure of dispersion.
    • Difference between the highest and lowest values.
    • Highly susceptible to extreme values.
    • Example: Data set {18, 24, 15, 19, 33, 27, 14, 30, 41, 32, 53, 14, 9, 26, 24, 25}.
    • Range = Highest value (53) - Lowest value (9) = 44.

    Mean Deviation

    • Arithmetic mean of the absolute deviations from the mean of a distribution.

    Major Characters

    • Bendu Marie Lewis: Protagonist; Americo-Liberian; daughter of Mr. and Mrs. Lewis; founder of Peace in Practice NGO; experiences trauma during the Liberian civil war; resilient and committed to helping others.
    • Catherine May Lewis (Granny May): Bendu's paternal grandmother; dies during the war; her memorial service opens the novel.
    • Siatta Terrence: Bendu's older sister; supportive; married to Terrence Clarke; lives outside Liberia during the war.
    • Terrence Clarke: Siatta's husband; unfaithful; involved in Liberian government.
    • Calvin: Close friend to Bendu and Siatta; provides emotional support; later establishes a scholarship scheme for Liberian children.
    • Agnes: Collaborates with Bendu at Peace in Practice; offers counseling and support to war survivors.
    • Tenneh: War survivor; reveals her HIV-positive status; becomes a peer counselor.
    • Eva Lewis: Bendu and Siatta's mother; returns from the USA to support her daughters; grieves the loss of her son, Benji.
    • Moses Varney (Commander Cobra): Antagonist; responsible for Bendu's trauma; eventually dies.
    • Cousin Rebecca: Bendu's cousin who was at Sumoville when the war began. Rebecca's thoughts on Bendu's actions during Granny May's death are explored.
    • Cousin Orlando: Disappeared during the war; his fate remains unknown.
    • Samson: Bendu's abusive husband at a refugee camp.
    • John Reeves: Owner of the law firm representing Bendu in her case against Moses Varney.
    • Counselor Marlon Gray: Lawyer handling Bendu's case; initially somewhat indifferent, but later develops more empathy.
    • Chief Kesselly: Police chief investigating the death of Moses Varney.
    • Benji: Eva Lewis's son; died during the 1980 coup d'état.

    Key Themes

    • Resilience: Demonstrated through Bendu's unwavering commitment to helping others despite her own trauma; Tenneh's openness about her HIV status; characters overcoming adversity.
    • Loss and Grief: Explored through the deaths of Granny May and Benji; the lasting impact of war and trauma on characters' lives.
    • Redemption: Characters find closure and move forward from their war experiences through various actions, including writing letters, providing aid, and confronting challenges.

    Narrative Techniques

    • Suspense: The novel uses suspense to keep readers engaged, revealing information gradually and creating anticipation.
    • Foreshadowing: Hints at future events early in the narrative.
    • Biblical Allusion: References to biblical themes and stories are subtly woven into the narrative.

    Plot Points

    • Bendu's escape from captivity and her pursuit of justice against Moses Varney.
    • The role of Peace in Practice in providing support to war survivors and raising awareness regarding HIV/AIDS.
    • The exploration of family relationships during and after the war.
    • The various ways characters cope with trauma and find healing.
    • Siatta's discovery of Terrence's infidelities and subsequent divorce.
    • Bendu's eventual reunion with her long-lost daughter.

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    Description

    This quiz focuses on essential tools for economic analysis, including the simplification of economic concepts, linear equations, and measures of dispersion. Learn how to represent relationships between variables and quantify data spread through practical examples and calculations. Test your understanding of these fundamental economic tools.

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