100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
BSNS 113 REVIEW TEST WITH GUARANTEED ACCURATE ANSWERS CA$15.77   Add to cart
Quickly navigate to
Preview
  2.  
  3. BSNS 113
  4.  
  5. BSNS 113

Exam (elaborations)

BSNS 113 REVIEW TEST WITH GUARANTEED ACCURATE ANSWERS
 8 views  0 purchase
  • Course
  • BSNS 113
  • Institution
  • BSNS 113

QUIZ #1: Which of the following is most likely a macroeconomic topic? a. who gains and who loses from international trade b. the role of the Reserve Bank in controlling inflation c. what the "optimal" amount of pollution is d. how taxes affect people's behavior - ACCURATE ANSWERb. the role ...

[Show more]

Preview 3 out of 25  pages

Document information

  • August 21, 2024
  • 25
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • bsns 113 review test
  • bsns 113 review test with guaranteed accurate answ

Written for

  • BSNS 113
  • BSNS 113

Seller

avatar-seller
GRADEUNITS

Reviews received

Content preview

BSNS 113 REVIEW TEST
BSNS 113 REVIEW TEST WITH GUARANTEED ACCURATE ANSWERS




QUIZ #1: Which of the following is most likely a macroeconomic topic?


a. who gains and who loses from international trade
b. the role of the Reserve Bank in controlling inflation
c. what the "optimal" amount of pollution is
d. how taxes affect people's behavior - ACCURATE ANSWER✅✅b.
the role of the Reserve Bank in controlling inflation


QUIZ #1: Consider the following two statements:
i. Humans tend to have effectively unlimited wants for goods and
services.
ii. Humans should limit their consumption for the sake of the
environment.

,Which of the following is true?


a. (i) is a positive statement and (ii) is a normative statement
b. both statements are normative
c. both statements are positive
d. (i) is a normative statement and (ii) is a positive statement -
ACCURATE ANSWER✅✅a. (i) is a positive statement and (ii) is a
normative statement


QUIZ #1: Suppose that to sit an exam you had to take three hours off
from your tele-marketing job that you do from home. The job pays $30
per hour. As well, because you live on the other side of town, you had to
pay $10 in total for buses to get to the exam and back. You had to bring a
pencil, which you already owned. What is the opportunity cost to you of
sitting this exam?


a. nothing at all, if you enjoy the exam
b. just $10 for the buses
c. $100 plus a few cents for the "wear-and-tear" to your pencil
d. $100 plus the total cost of the pencil - ACCURATE ANSWER✅✅c.
$100 plus a few cents for the "wear-and-tear" to your pencil


QUIZ #1: After leaving high school, Sandra considered three options for
what to do next, listed in order of preference:
(1) attend Otago University
(2) work at Speights Brewery in Dunedin, or

, (3) attend Auckland University
Sandra's opportunity cost of attending Otago University is the
____________


a. net benefit she would have received from attending Auckland
University.
b. direct cost of attending Otago University (fees, books, etc.).
c. direct cost of attending Otago University (fees, books, etc.) plus the
income and work experience the could have earned at the brewery.
d. direct cost of attending Otago University (fees, books, etc.) plus living
expenses (food, clothing, etc.) plus the income and work experience she
could have earned at the brewery. - ACCURATE ANSWER✅✅c.
direct cost of attending Otago University (fees, books, etc.) plus the
income and work experience the could have earned at the brewery.


QUIZ #1: You paid $100 for a ticket (which is non-refundable) to go to a
concert on Saturday night. Your boss calls Saturday afternoon to see if
you're willing to work for three hours that night. She'll pay you $20 per
hour instead of your usual $10. What is your opportunity cost if you
choose to go to the concert?


a. $0
b. $40
c. $60
d. $100 - ACCURATE ANSWER✅✅c. $60

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 GRADEUNITS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$15.77. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

85443 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
CA$15.77
  • (0)
  Add to cart