Answers To The Questions For Naked Economics

  • Economics-Bacic Economic Questions and Their Application to the Economies

    scarcity is price hence only goods that are not scarce command a price.Therefore economists try to explain how this economic problem is solved by different economic systems. There are three economic systems that exist in the world today that is the free market, command and mixed economy. These economic systems have different ways in which they try to answer the fundamental economic questions of “What? How? And for whom to produce for? Samelson and Nordhaus define a market economy as an elaborate mechanism

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  • Sample Answer for Novel Question


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  • Business Economics Questions

    Business Economics Questions: 1. Explain the subject matter of economics as question concerning the adjustments between unlimited want and limited resources. 1 & 2 2. Explain how Market/Price mechanism solves there central problems of economics 1 & 2 3. Explain why the price in competitive markets settles down the equilibrium intersection of supply and demand. Explain what happens if the market price starts out too high or too low. 3 4.Explain the economic meaning 0f price elasticity

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  • Economics Answer Set

    Department of Economics Spring Semester 2010 University of Pacific ECONOMICS 53 Problem Set 6 Due before lecture on April 1 Part 1: Multiple Choice (15 Questions, 1 Point Each) 1. If a monopolist's marginal revenue is $35 a unit and its marginal cost is $25, then A) to maximize profit the firm should decrease output. B) to maximize profit the firm should continue to produce the output it is producing. C) to maximize profit the

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  • Short Answer Questions

    Comm. Short Answer Questions 45. An accounting career would be an interesting career to pursue. Listening can be a vital part of the job. One example would be having a more people oriented style of listening and being able to understand what they say more effectively to be able to help them with their problem. Along with being people oriented, being versatile in our listening style can make us better accountants. An action oriented style can help us accomplish that. Asking questions as an accountant

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  • Labor Relations Questions and Answers

    Labor Relations Questions/Answers 1.Define the term “collective bargaining” and list and describe four issues that are mandatory components of a collective bargaining agreement. Include and discuss [showing relevance or applicability] at least one reference found in our text, along with a current web-based news item/magazine article about a real life example of a collective bargaining action. Pick any two of the four mandatory components you've listed and include and discuss [showing

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  • Answers to Killer Angel Questions

    Answers to The killer angels 1. The spy: Harrison 2. 114 men 3. Buford decided to hold the high ground before Lee’s army arrived. The high ground consists of four hills: Culp’s Hill, Cemetery Hill, Little Round Top, and Round Top. 4. Armistead insisted that Longstreet’s theories on war were wrong because the Confederate army is not the army to try the tactics Longstreet insisted on out on. Besides, Armistead says, General Lee would never agree to defensive warfare, because he thinks

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  • Essay Question Answers

    The economic benefit doctrine is a state of a person's wealth versus actual money received by financial transactions. The economic's view of money is not practical for tax purposes. One person's view of wealth can differ greatly from another person's view of wealth. The economic concept places heavy emphasis on the future. The following is an example of the economic benefit doctrine: I own a home today and the fair market value of the home is $250,000. Five years from today, the home appreciates

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  • Qt Model Questions and Answers

    the past 12 months. The company statistician has reported the mean number of man-hours lost per month but did not keep a record of the total sum. Should the manager order the study repeated to obtain the desired information? Explain your answer clearly. Answer: No--the estimate that he would get using the mean number per month would most likely be accurate enough, without having to go to the extra expense of another study. Presumably the mean number of hours lost per month is equal to the

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  • Business Economics Sample Questions

    collusion between oligopolists more likely? A) Firms produce very different products. B) There is no dominant firm. C) There are many firms in the industry. D) There are significant barriers to entry. 11) The problem of scarcity in economics exists because A) people do not have enough money B) people are greedy C) human wants always exceed what can actually be produced D) of central planning 12) Which of the following statements is NOT true? A) Government intervention exists

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  • Economics Essay Question

    good indicator of the future, considering forecasts are generally based on assumptions about future growth, elasticity and consumer behaviour which doesn’t always respond as anticipated. Also market research may be unrepresentative and questionnaire answers are prone to statistical error making the quality and accuracy of the research unreliable and lack validity.

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  • Training Is the Answer...but What Is the Question

    Article Critique Training is the Answer…But What Was the Question The author’s main objective of this article is to ask the question of whether training really works or not. Mr. Rosner looks at how managers were being trained in order to develop the employees that they managed. This article also speaks about the mindset of personnel that attend training. Rosner states, in the words of Bob Pike, president of Minneapolis-based Creative Training Techniques, “Most people come to training with one

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  • Shrm Questions and Answer

    Pfeffer, in Competitive Advantage Through People, listed seven human resource practiceswhich he identified as commonly adopted by successful companies:1. Employment security. This means that employees are not quickly made redundant during periods of economic downturns or poor performance of the organisation as awhole. This is a tactic that fits with the concept of high performance management,which, you will recall, involves careful recruitment and selection procedures, extensivetraining, information

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  • Economics Poverty Questions

    Poverty Questions 1A) – The number of children living in poverty before housing costs is significantly (about 1.2 million) lower than after housing cost. This is a trend that is kept constant over the decade as the number of children living in poverty before housing costs in 2006 is about 2.8 million and the number after housing costs is 3.8 million, showing that throughout 1996 to 2006 the number of children living in poverty is higher after housing costs. The number of children living in poverty

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  • Naked Economics

    Paris A sound description of economics requires an outline of the troika: what to produce, how to produce it, and for whom to produce it. This troika will serve the analysis of both international and domestic trade, which Wheelan addresses further along in the text. Why is the troika a problem? Scarcity: a condition that exists when current resources are inadequate to provide for all the people’s wants. It is in the context of scarcity that these three questions become urgent. The market is the

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  • Answers Case Questions

    University of Washington Graduate School of Business Finance 553 Midterm Assignment Rocky Higgins February 10, 2004 In less than five, double-spaced, typewritten pages, plus any exhibits, please answer the following questions about MW Petroleum Corp. This assignment is worth a maximum of 100 points. 1. (10 points.) Apart from any quantitative analysis, are there any reasons to anticipate that Apache Corporation’s acquisition of MW Petroleum might be a positive net present value

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  • Scavenger Hunt Questions and Answers

    to offer classes in the growing field of computer programming. From that point forward, ECPI University has pursued a path of sustained growth based on addressing the needs of students and employers while playing a key role in the mid-Atlantic’s economic development. ECPI quickly established a reputation for providing high-quality instruction in certificate and diploma programs, while using industry-standard equipment and teaching the computer applications and software most in demand by employers

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  • Questions for Naked Economics

    READ: Naked Economics: Undressing the Dismal Science, Charles Wheeland, W.W. Norton, 2003. Completely- cover to cover. Directions: Create a time management plan for your reading schedule to ensure you have ample time to read the book. Set due dates for each chapter and each part of the assignment. Review your schedule with a parent or guardian. Expectations: Work must be typed, 12 point font, double-spaced. Label each section appropriately with each number. Please check your work for complete

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  • Economics Revision Questions

    the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500. a. Is the firm maximizing output relative to its labor cost? Show how you know. b. If it is not, what should the firm do? ANSWER: a. MPL/w: Therefore in mexico: 20; in US: 25.. The firm is not maximizing its output. b. The firm should invest more in US. Q.8. Explain the difference between diminishing marginal returns and the diseconomies of scale? Diminishing returns

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  • Interview Questions and Answers

    INTERVIEW QUESTIONS AND TEN SMART ANSWERS If only interviewees could have the slightest idea of the kind of questions interviewers will ask them, a lot more people would be able to overcome mental fear of the unknown which often produces the physical symptoms of nervousness. The best way to prepare mentally is to know what may be coming. Fear of the unknown can only exist when there is an unknown. Take the time to understand some of the standards when it comes to interviewing questions. The following

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  • Answers to Review Questions

    Answers to Review Questions 1. What is the difference between a database and a table? A table, a logical structure that represents an entity set, is only one of the components of a database. The database is a structure that houses one or more tables and metadata. The metadata are data about data. Metadata include the data (attribute) characteristics and the relationships between the entity sets. 2. What does a database expert mean when (s)he observes that a database displays both entity

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  • Questions and Answers

    Principals of Finance FIN-3005 June 3, 2014 Questions and Applications 7) Borrowing from the Federal Reserve: Describe the process of “borrowing at the Federal Reserve.” What rate is charged, and who sets it? Why do banks commonly borrow in the federal funds market rather than through the Federal Reserve? “Borrowing at the discount window” represents the borrowing by depository institutions from the Federal Reserve. The interest rate charged on these loans is known as the discount

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  • Vtp Questions and Answers

    QUESTION NO: 57 New switches have been purchased for a network upgrade. The objective for the network design emphasizes efficient, error-free transport instead of fast transport. Which switching mode should be configured on the new switches to provide error-free transport to the network? A. cut-through B. fragment-free C. frame-filtering D. store-and-forward E. 802.1q forwarding F. VTP transparent mode Answer: D Explanation: The Switch receives and stores all bits in the frame before

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  • Economics Question

    formula milk price range is from £7.99 to £9.99 per 900g. Nappies economic (big) pack price varies from £5.99 to £9.99. Most of the time nappies can be bought on offer, for example, 2 for (£10 to £16) or even 1/3 of the full price. As on baby milk formula prices does not change. As both products are necessity and therefore less sensitive to the price changes overall, why there is such a difference with “an offer” case. In economic terms I have thought of two reasons. First is that the formula milk

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  • Answers to End-of Chapter Questions and Exercises

    ANSWERS TO End-of chapter QUESTIONS AND exercises Answers to Questions for Review 1. (Explicit and Implicit Costs) Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100 per acre. However, if he raised soybeans, he could earn $200 per acre. Is he currently earning an economic profit? Why or why not? Amos McCoy is not currently making an economic profit, despite the fact that he is making an accounting profit. This is so, because the accounting

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  • The Answer to a Common Question

    Joshua Glander Col. Bamberg Old Testament 20 October 2012 The Answer to a Common Question Today many people do not believe there is a God because of all the bad things that are occurring in the world. They say that if there is a God then these things wouldn’t be happening. Also, people of faith have started questioning God and their own faith because of that same statement. There are no statistics to prove this, so I base it off the fact that I have grown up in church my entire

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  • Bsb Question and Answer

    Assessment 1 – Question and Answer 1) Discuss any four ways in which you can monitor your team’s ability to meet customer service standards. Customer feedback - the customer is the only person who can tell the company how their work is useful/helpful (as the company works to satisfy their necessities). Their feedback let the company measure their satisfaction and with this information they can improve their services / products. Team meetings – the staff deal with the customers or at least make

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  • Questions and Answers

    Chapter Two Economics: The Framework for Business Review Questions 1. How did the global economic crisis unfold? The economy changed for the worst when the bubble burst in 2000, and 9/11 terrorist attacks happened in 2001. 2. What steps did the Federal government and the Federal Reserve take to mitigate the crisis? They decreased interest rates, and subprime mortgage came into play. They seized a few companies that controlled a lot

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  • Economics Short Answer Questions

    Practically, if Ray does not have perfect knowledge, but instead has fairly accurate information about the supplier’s costs, what are some of the potential problems that Ray might face? Can these problems be mitigated (and how)? Ensure you explain your answer. Problems Ray may face include misjudging what the MC is i.e overstating it and offering too much (expensive, but supplier would accept), or understating it and offering too little (company don’t accept). to mitigate this Ray should offer under the

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  • Chapter 2 Questions & Answers

    Linsey Cessor EDUC 2253 Dr. Shahan January 28, 2015 Professional Practice Chapter 2: Question for Discussion 2. Why is membership in an ethnic group more important to some individuals than to others? What characteristics might an educator look for to determine a student’s ethnic background and its importance in that student’s life? * Individuals may have multiples reasons of being more in tuned to their ethnicity than others. Most are drawn to their ethnic group because that is what is familiar

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  • Week 2 Questions and Answers

    Week 2 Assignment Question /Answers HRM320: Employment Law Professor:  Justin Lawrence DeVry University Michael Nealy January 16, 2015 1. What do you think are some of the factors in the modern workplace that contribute to a theft of time? How can those factors be managed? * There are many factors that can contribute to theft of time in the modern day workplace, for instance should you decide to take an extended coffee break, or if you search the internet a little too long when you

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  • Lab 3 Questions and Answers

    screen captures here in the appropriate order. Assessment Questions Overview In this lab, you reviewed a scenario requiring you to design a Windows folder structure, and you implemented your design. Next, you used the Microsoft® Active Directory Users and Computers utility to create security groups that suited the requirements in the scenario. Finally, you applied those security groups to the folder structure you designed. Questions 1. When you designed a file system in the first section of

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  • Cgi Question and Answer

    only 5 times in the game and if he earns 5 Rs, he has to quit the game. Find the number of ways of the possibilities. Q. A and B decide to speak truth or lie on a day. Another person asks A if he is saying truth or lie. B listens to A whatever he answers. Now the person asks B what A had told. B replies as “ A has told that he is a liar”. What does B say? a) Truth b) Truth when A lies c) Lie d) Cannot be determined Q. What is the angle between the two hands of the clock when it shows 10:10?

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  • Money and Banking Questions/Answers

    ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Chapter 1—Introduction to Money and Banking MULTIPLE CHOICE 1. Economic policy affects a. | only the amount of money in the economy. | b. | how banks operate and only banks. | c. | the entire financial system. | d. | how financial securities are traded and no other part of the financial system. | ANS:

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  • Movie Questions and Answers for Hsb4U

    Movie Questions for HSB4U 1. What is the major question an anthropologist would ask? Answer it. 2. What is the major question a psychologist would ask? Answer it. 3. What is the major question a sociologist would ask? Answer it. 4. How accurate is this movie in depicting a generalization of society? 5. Is diversity a direct correlation to racism? 1. Do you think that racism still exists in today’s current culture and society? Yes, it definitely does. While we have become more a multicultural

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  • Naked Economics

    1.) One main point the Author argues is the rhetorical question, “Who feeds Paris?” He is trying to explain how the modern economy works, which is all about the prices. The Author uses the example if Patrons start ordering more of the sashimi appetizer, the restaurateur will notice the popularity and place a larger order with his fish wholesaler. The new popularity and demand of the fish will in turn make the wholesale price to go up. As a result, the fisherman will be paid more for their catch

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  • Bom Question and Answer Set

    [pic] MGMT 405 Operations and Production Management Answer set 1 (Reference chapters 1 – William J. Stevenson-2007, ninth edition) Discussion Questions 1. What do you understand by the term ‘Operations Management’? ANS: ✓ Operations Management is the management of that part of an organization that is responsible for producing goods and/or services. The management of systems or processes that create goods and/or provide services. i.e. Every book you read, every e-mail you

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  • Is America’s Economic Answer, Marijuana?

    the economic argument of if marijuana is the productive economic stimulus the United States has been looking for. Marijuana as of right now is an illegal banned substance in most states, yet without many documented negatives, is left out and unable to bring most state revenue departments hundreds of millions of dollars per year, further helping this country and keeping it out of another economic recession. In this argumentative piece, I am going to address if marijuana is actual an economic benefit

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  • English Questions and Answer

    Establishing a Good Relationship 8-9 Writing Business Messages 10-16 Organizing Your Message 10-13 Understanding the Need for Organization 14 Composing and Shaping Your Message 15-16 Answer Key 17-20 Lesson 2a 17 Lesson 2b 18 Lesson 2c 18-19 Lesson 3a 19-20 Introduction W elcome to the Underwriting Training Course. This course will help you to determine

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  • Finance Question Answers

            Case  2  -­‐  Solution  /  expected  answers       Part  1   Question  1    The  correct  answer  is:   20.00%   18.00%   Annual  Return   Annualized  Volatility     15.00%     Explanation:   Using  the  return  from  Technical  Document  4  we  compute  the  annual  return:     !"!!"!!"#$ 3314.46 r= −1= − 1 = 20.00%

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  • Derivatives Question and Answers

    put (K). (c) two short positions in the stock, two long call options (2K), and one short put option(3K). (d) one long position in the stock, two short call options (2K), two short call options (3K),and one short put option (2K). For this question, take into account the net profit only for the stock. You can assume that the stock is purchased at a price of K. Binomial Model (27p) Chevron Corporation has stakes in various oil development projects in Yemen and is considering to bid on a development

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  • Mba Question Paper Answer

    Examination Paper of Marketing Management IIBM Institute of Business Management Examination Paper MM.100 International Marketing Management Section A: Objective Type & Short Questions (30 Marks)    This section consists of Multiple Choice & Short Note Type Questions. Answer all the questions. Part One carries 1 mark each & Part Two carries 5 marks each. Part One: Multiple choices: 1. International marketing includes activities that direct the flow of goods from: a

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  • Common Interview Question and Answer

    Questions You Should Ask 1. Do you have any hesitations about my qualifications? 2. Do you offer continuing education and professional training? 3. What have you enjoyed most about working here? 4. What is the single largest problem facing your staff and would I be in a position to help you solve this problem? 5. What is the next step in the process? Interview Questions 1. Tell me about yourself? Good morning. My name is, or you can call me David. I recently received my

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  • Need Answer Above Questions

    SAD workshop 12-Revision Following questions cover the revision for the topic for this unit and also are the examples of short answer type questions that could be asked. Please attempt these question in class and discuss with your tutor during workshop time. 1. What is information technology and why is it important? 2. Describe three systems development methodologies and three development approaches /methods. 3. What are four types of feasibility? Which type focuses on total

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  • Economics Review Questions

    Review question – Chapter 1 Question 1 – what is meant by the term ‘opportunity cost’? what is an example of an opportunity cost of going on holiday? The opportunity of a given action is the value of the next best alternative to that particular action. Opportunity cost of going on holiday, you would have worked at your summer job. Question 2 – what is Karen’s opportunity cost of going to the movie? Karen’s next best alternative is to babysit. By babysitting Karen earns $60 and also gets to

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  • Economics Practice Question

    1. Which of the following is NOT an application of supply and demand analysis? a. Understanding changing world economic conditions and their effects on prices. b. Evaluating the effects of government price controls on the agricultural industry. c. Determining how taxes affect consumers’ spending patterns. d. all of the above. e. none of the above. 2. A supply curve reveals a. the quantity of output consumers are willing

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  • Finance Questions and Answers

    TUTORIAL 1 - TUTORIAL DISCUSSION QUESTIONS 2. (a) Discuss the role of money in a financial system. • money is a financial asset that facilitates financial and economic transactions • a medium of exchange—swapped for goods and services • a store of value—wealth is held or measured in money terms • a standard of deferred payment—used to record indebtedness • a unit of account—transactions are priced in money terms • currency is generally divisible, portable and durable (b) Does money

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  • Finance Questions and Answers

    True/False questions 1. True 2. True 3. False 4. True 5. False 6. True 7. False 8. False 9. False 10. True Essay questions 1. A highly developed and efficient financial system is essential to ongoing economic growth and prosperity. Discuss the component parts that form a financial system and the relevance of the above statement. A financial system consists of financial institutions, financial instruments and financial markets. Financial institutions are classified into five categories

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  • Answers to Review Questions

    ANSWERS TO REVIEW QUESTIONS 1 1. Discuss each of the following terms: a. Data: Raw facts from which the required information is derived. Data have little meaning unless they are grouped in a logical manner. b. Field: A character or a group of characters (numeric or alphanumeric) that describes a specific characteristic. A field may define a telephone number, a date, or other specific characteristics that the end user wants to keep track of. c. Record: A logically connected set of one or

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  • Cpa Adapted Test Questions & Answers

    debt restructuring Gain on Disposal Restructuring Gain a. $158,000 $0 b. $110,000 $0 c. $70,000 $40,000 d. $70,000 $88,000 Multiple Choice Answers—CPA Adapted |Item |Ans. |Item |Ans. |Item |Ans. |Item |Ans. | |1. |d |2. |a |3. |c |*4. |c | No. Answer Derivation 1. d Conceptual. 2. a Conceptual. 3. c $140,000 ÷ 2 = $70,000. *4. c ($45 – $30) × 16,000 = $240,000. Earnings Per Share

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