In order to answer this problem successfully (choice a), not only must students be familiar with the definitions of the concepts of vector operations, resolving forces, and static equilibrium
, but also, importantly, they must understand the implications of the interactions among them.
Ecological footprint assessment (EFA) is an example of a globally applied static equilibrium
The static equilibrium
price and production (aggregate and per firm) were identified (these, and values derived from them, are referred to as "nominal price", etc, in what follows).
They cover physics and measurement, motion and its laws, vectors, circular motion and other notions from Newton, the energy of a system conservation of energy, linear momentum and collisions, rotation of a rigid object about a fixed axis, angular momentum, static equilibrium
and elasticity, universal gravitation, fluid mechanics, oscillatory motion, wave motion, sound waves, superposition and standing waves, temperature, the first and second laws of thermodynamics, the kinetic theory of gases, heat engines, and entropy.
To analyze the impacts of monetary policy forces Keynes to move beyond the static equilibrium
model, to consider how policy affects short-period and long-period expectations--which he examines in several places in the General Theory and concludes that the effects are unpredictable and could be counterproductive.
It is assumed that the system is at static equilibrium
such that [[theta].sub.cm] = [[theta].sub.0].
Third, when they do exist, equilibria under conditional dynamic contracts yield a Pareto-improvement over static equilibrium
contracts and the optimal contract charges lower premiums to agents with better accidental histories.
Socialist central planning cannot work because it attempts the impossible: using a static equilibrium
model to capture unfathomably complex inputs and outputs characterized by dynamic, constantly shifting equilibria.
We need not endorse the idea of a final, static equilibrium
as more than what Vaughn has referred to as a "metaphor" of neoclassical economics (Vaughn, 1994,166).
* A divided banking industry has a static equilibrium
, in which excessive lending and/or money creation are the norm and the industry consequently suffers ongoing losses due to crises and/or high inflation.
A characteristic of all closed systems is that they have an inherent tendency to move towards a static equilibrium
and maximum entropy.
Describing that early thinking about development, Rodan stated that: "not traditional static equilibrium
theory but an analysis of the disequilibrium growth process is what is essential for understanding economic development" (Ibid., p.