100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Devry ECO312 Final Exam/Devry ECO312 Final Exam /Devry ECO312 Final Exam $25.49   Add to cart

Exam (elaborations)

Devry ECO312 Final Exam/Devry ECO312 Final Exam /Devry ECO312 Final Exam

 0 view  0 purchase
  • Course
  • Institution

Devry ECO312 Final Exam/Devry ECO312 Final Exam /Devry ECO312 Final Exam Devry ECO312 Final Exam/Devry ECO312 Final Exam /Devry ECO312 Final Exam Devry ECO312 Final Exam/Devry ECO312 Final Exam /Devry ECO312 Final Exam

Preview 1 out of 16  pages

  • January 22, 2022
  • 16
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers
avatar-seller
Devry ECO312 Final Exam




Question 1.1. (TCO 1) When a state government chooses to build more roads, the required

resources are no longer available for spending on public education. This dilemma illustrates the

concept of

production expenses.

unemployment issues.

unintended consequences.

opportunity cost.

Question 2.2. (TCO1) Which is not a factor of production?

Money

Land

Labor

Capital

Question 3.3. (TCO1) A point on the production possibilities curve is

attainable and resources are fully employed.

attainable, but resources are unemployed.

unattainable, but resources are unemployed.

unattainable and resources are fully employed.

Question 4.4. (TCO1) A basic characteristic of a command system is that

wages paid to labor are higher.

government owns most economic resources.

free markets are never permitted in a command economy.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller mastersolution. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $25.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

76449 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$25.49
  • (0)
  Add to cart