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
ECON 1000 - Introduction to Microeconomics 2024 – 2025 ECON 1000 Midterm Exam 1 Review (multiple choice) Questions with Correct Answers | 100% Pass Guaranteed | Graded A+ | CA$21.38
Add to cart
Quickly navigate to
Preview
  2.  
  3. York University (Ebor )
  4.  
  5. Faculty Of Liberal Arts & Professional Studies (LA
  6.  
  7. ECON 1000 - Introduction to Microeconomics

Exam (elaborations)

ECON 1000 - Introduction to Microeconomics 2024 – 2025 ECON 1000 Midterm Exam 1 Review (multiple choice) Questions with Correct Answers | 100% Pass Guaranteed | Graded A+ |
 7 views  0 purchase

ECON 1000 - Introduction to Microeconomics 2024 – 2025 ECON 1000 Midterm Exam 1 Review (multiple choice) Questions with Correct Answers | 100% Pass Guaranteed | Graded A+ |

Preview 3 out of 22  pages

Document information

  • October 18, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • econ 1000 midterm exam
  • econ 1000 introduction to microeconomics 2024
  • econ 1000 introduction to microeconomics

Written for

All documents for this subject (12)

Seller

avatar-seller
YourAssignmentHandlers

Reviews received

Content preview

York University
Toronto, Ontario, Canada

ECON 1000 - Introduction to Microeconomics
ECON 1000 Exam

Course Title and Number: ECON 1000 - Introduction
to Microeconomics
Exam Title: ECON 1000 Exam
Exam Date: Exam 2024- 2025
Instructor: [Insert Instructor’s Name]
Student Name: [Insert Student’s Name]
Student ID: [Insert Student ID]

Examination
180 minutes
Instructions:
1. Read each question carefully.
2. Answer all questions.
3. Use the provided answer sheet to mark your responses.
4. Ensure all answers are final before submitting the exam.
5. Please answer each question below and click Submit when you
have completed the Exam.
6. This test has a time limit, The test will save and submit
automatically when the time expires
7. This is Exam which will assess your knowledge on the course
Learning Resources.


Good Luck!

Need Writing Help? We've Got You Covered! ✍️
100%
NO AI or Plagiarism Usage Guaranteed🎯
💬 Chat with us here: 📧 Hybridgrades101@gmail.com

, ECON 1000 - Introduction to Microeconomics 2024 –
2025 ECON 1000 Midterm Exam 1 Review (multiple
choice) Questions with Correct Answers | 100% Pass
Guaranteed | Graded A+ |

Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -

(1) The Incentive Principle states that
A. scarcity is a universal phenomenon that arises
because resources are limited.
B. an action should be taken if and only if the additional
benefits from taking the action are at least as great as
the additional costs of doing so.
C. if the marginal benefit of an activity increases, then
a rational person will engage in more of the activity.
D. having more of one thing usually means getting by
with less of something else. - Answer>> C. if the
marginal benefit of an activity increases, then a rational
person will engage in more of the activity.

(1) Consider the following two statements. Statement
1: "Tariffs and import quotas always increase the
general welfare of society." Statement 2: "A ceiling on
rents reduces the quantity and quality of available
housing." Most economists would
A. disagree with both Statement 1 and Statement 2.
B. agree with Statement 2, but disagree with Statement
1.
C. agree with Statement 1, but disagree with Statement
2.



Need Writing Help? We've Got You Covered! ✍️
100%
NO AI or Plagiarism Usage Guaranteed🎯
💬 Chat with us here: 📧 Hybridgrades101@gmail.com

, D. agree with both Statement 1 and Statement 2. -
Answer>> B. agree with Statement 2, but disagree with
Statement 1.

(1) In 2017 High School graduates earned $9,984 per
year more than non-High School graduates. If this
difference had instead been $15,000 per year, then we
would expect
A. more people to drop out of school before graduating
High School.
B. fewer people to drop out of school before graduating
High School.
C. more children to start eating breakfast before school.
D. that nobody would change their behavior. - Answer>>
B. fewer people to drop out of school before graduating
High School.

(1) Brian recently attended a concert by the rapper 2
Chainz at the Mississippi Coast Coliseum in Biloxi, MS.
His Total Benefits from seeing this show were $125,
while his Total Costs were $75. From this information, it
follows that his Economic Surplus from attending the
show was
A. $75 - $125 = - $50 (i.e., negative fifty dollars).
B. $125 - $75 = $50.
C. $125 + $75 = $200.
D. (2)($125 + $75) = $400. - Answer>> B. $125 - $75 =
$50.

(1) Mike Ditka's suggestion that football related injuries
could likely be reduced by have participants play
without helmets (or at least without facemasks on their
helmets)
A. relies heavily upon the Incentive Principle.


Need Writing Help? We've Got You Covered! ✍️
100%
NO AI or Plagiarism Usage Guaranteed🎯
💬 Chat with us here: 📧 Hybridgrades101@gmail.com

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 YourAssignmentHandlers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$21.38. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53022 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$21.38
  • (0)
Add to cart
Added