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EC 201 exam -1 With Complete Solutions Graded A+.
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10/12/24, 12:19 PM EC 201 exam #1 Flashcards | QuizletEC 201 exam #1
Jeremiah
Terms in this set (38)
what if the price of gas had been $3 more
instead of $3.30? would people have
demanded more or less than 332 gallons?
which if the following represents a trade off to spend more time studying economics, Xin will have to spend less time studying
Xin is facing when deciding how many sociology
hours to spend studying economics?
you choose to go to your one-hour lecture the value of attending lecture
instead of playing video games, on the way
to class, you run into Chang and decide to
hang out with Chang instead of going to
class, what is the opportunity cost of
hanging out with Chang?
if i want you to spend more time studying, i increase ; decrease
can either _____ the marginal benefit of
studying or _______ the marginal
opportunity cost of studying
those graduating medical school face the increasing ; decreasing
choice of becoming a general practitioner
or a specialist, if a country would like more
general practitioners, it can do so by _______
the earnings of general practitioners or
__________ the earnings of specialists
the MSU basketball team has an excellent a rightward shift of the demand curve
start to the season, leading to more fans
wanting to attend basketball games,
regarding demand for basketball tickets,
this is ...
MSU increased the price for students movement "up" along the demand curve
football tickets, as a result, fewer students
attend football games, this is ...
EC 201 exam #1
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