Shifts in ppc - Study guides, Class notes & Summaries

DES - answer-P/E Ratio, Market cap, revenue, earnings per share RV - answer-compare valuation to specific companies within industry COMP - answer-Stock performance comparison in graph; price change, total return; remember to change time frame WEI - answer-Global stocks; you can change currencies, time period WB - answer-Global bonds WCRS - answer-World Currencies CRR - answer-Commodities ECO - answer-Economic calendar ECST - answer-Economic statistics around the world, ch...

Straighterline Test 1 Macroeconomics questions with 100% correct answersThe measure of the cost of a particular good in terms of what is given up to produce that good is called an opportunity cost When economists make the assumption that wants are unlimited, they mean that most people want more of some goods, even if they don't want more of everything Students and retired people travel by bus more often than business executives. An economic explanation for this observation would...

Describe how economics is related to scarcity, trade-offs, and opportunity costs. - ️️Scarcity is the inability to satisfy everyone's wants, it is a fundamental economic problem in a world with limited resources. With limited resources there is a trade-off in production depending on what is most efficient to be produced. This is determined with opportunity costs whichever opportunity costs the least to produce or how much does the trade-off cost you. How does scarcity influence choices? ...

Summarises demand and supply and other sections and a breakdown of essential definitions and terms used in the Module. Ensures help with understanding the theory in order for you to grasp the content of the module and understand it more and what is the main key areas to take note of and focus on. Notes are taken digitally to ensure quality. Money VALUE is guaranteed. -In-depth analysis of Economics and its Background. -Basic Terminology. -Definitions and Examples. -PPC and Shifts. -Fact...

Microeconomics Concepts and Videos Unit 1: Basic Economic Concepts UNIT 1 Overview- Introduction  Scarcity  Microeconomics vs. Macroeconomics  Positive vs. Normative Economics  Self-Interest and Incentives  Marginal Analysis  Opportunity Cost and Trade-offs  Four Factors of Production  Capital Goods and Future Growth VIDEO 1.1- Production Possibilities Curve  Efficiency  Straight vs. Bowed PPC  Law of Increasing Opportunity Costs VIDEO 1.2- Shiftin...

ECS1501 – E-tutor/F2F Pre-screening Exercise (This exercise consists of 70 multiple-choice questions that must be answered using the table provided on page 22 of this document). ECS 1501 - MULTIPLE CHOICE (QUESTIONS AND ANSWERS) Page 2 of 22 1. Which one of the following statements about economics is incorrect? [1] The term economics is derived from the Greek words oikos and némein. [2] Economics is a natural science. [3] Economics studies the choices we need to make due to scarcity. ...

Macroeconomics Final Exam Study Guide Questions With Verified Answers What is the "fundamental economic problem" that exists in every economy? - answerScarcity- satisfying unlimited wants with limited resources. Forces people to make choices. Scarcity - answerInsufficiency of resources to satisfy people's unlimited wants Economics - answerHow people work to transform resources into goods and services to distribute and satisfy wants Difference between Macro and Micro economics - answer...

This Unit explains the concept of PPC in view of showing opportunity cost. We also look at different combinations on, inside and outside the PPC as well as their implications. Moreover, we consider the factors which will shift a PPC.

We use the concept of PPC to show opportunity cost and how moving along PPC supports this. We also look at all combinations on, within and outside the PPC as well as factors which make the PPC shift.

Opportunity cost The value of the best alternative that is sacrificed to obtain something you want is a/an What is a graph that shows the various combinations of choices an individual can make with the resources available? Choice curve The assumption that all resources are alike will produce a straight line curve A curved production possibilities curve (PPC) changes the assumption that resources are alike What explains how the production of larger amounts of one g...