Extra econ answers Study guides, Class notes & Summaries

CPCU 500 Exam Questions and Answers 2024 For public entities such as cities, counties and public utilities, which one of the following is normally the most important post-loss risk management goal? Choose one answer. A. Growth B. Profitability C. Continuity of operations D. Earnings stability - answerC. Continuity of operations Which one of the following is the goal of enterprise-wide risk management (ERM)? Choose one answer. A. Coordinate loss reduction efforts B. Reduce risk manage...

ECON 200 Exam Questions And Answers (Updated And Verified) Economics is best defined as ____________. A.) How people make money and profits in the stock market B.) Making choices from an unlimited supply of goods and services C.) Making choices with unlimited wants but facing a scarcity of resources D.) Controlling a budget for a household - answerMaking choices with unlimited wants but facing a scarcity of resources When an economy produces more houses and fewer typewriters, it is answe...

ILTS History Practice Content Exam Questions and Answers Latest Graded A+. a researcher studying early modern europe would be most likely to use parish baptismal and burial records in investigating which of the following research topics? - Answerpatterns of change in birthrates and mortality rates because analysis of these records would be particularly useful for determining demographic changes students in a social science class plan to research the attitudes of their peers toward current ...

ECON 1202 Midterm Exam 2022 If Isabella drives to a Kansas City, 120 miles from Manhattan, Kansas (home of Kansas State University) to do her back-to-school shopping, this will: -Answers= hurt Isabella's community because Isabella's spending will be income for people in the large city Suppose one parent picks up their child from daycare, while the other parent stays home to make dinner. This is an example of the principle that -Answers= there are gains from trade When the economy exper...

ECON 103 Show the effect of a rise in income on the demand for X and Y. Show the effect of a rise in income on the demand for X and Y where this time Y is the inferior good and X is the normal good. Is the income–consumption curve positively or negatively sloped? Answer The curve will slope upwards at first, but become less and less steep. It will then peak at the point where Y becomes an inferior good, and will thereafter slope downwards (i.e. have a negative slope). Illustr...

CFA Level 2: Econ Exam 115 Questions with Answers This econ topic regards the relationship between exchange rates and interest rates - CORRECT ANSWER ..... When is interbank FX market for most currency pairs typically most liquid? - CORRECT ANSWER 8am-11am New York Time ^because the London and New York (two largest FX trading centers) overlap during these times making it the most liquid during these hours. Arbitrage Constraints on Spot Exchange Rate Quotes - CORRECT ANSWER 1. the b...

Econ E201 Questions with correct Answers 2023 Which of the following is NOT a factor of production? A) The effort of farmers raising cattle. B) The wages paid to workers. C) Cattle D) The management skill of a small business owner. E) The water used to cool a nuclear power plant. B) The wages paid to workers. The ultimate cost of any choice is A) the dollars expended on the good. B) what someone else would be willing to pay. C) the value of the good assessed by an independent au...

NCSU Econ 201 Practice Test 1 Questions and Answers Which of the following best describes the principle of comparative advantage? Select one: A. To produce more of one good, people have to produce less of another good. B. Someone has the ability to produce the same good for the lowest opportunity cost. C. Some people can produce the same good better than other producers can. D. Someone has the ability to produce the same good using fewer inputs than another producer. B The opportun...

Econ 102 quiz 6 1 ECON 102, Sec 02_Quiz 6 with Answers The demand for a factor of production is based on a firm’s decision to supply a good to the output markets. For this reason the demand for the factors of production are called derived demands The demands for the factors of production are derived from the firm’s decision to supply output in the goods market. The additional revenue earned by the last extra worker hired is referred to as the marginal revenue product of labor The ma...

ECON 102_Quiz 5_ Study Guide with Answers A firm’s product price multiplied by the total number of items sold is called total revenue A firm’s total revenue is equal to price multiplied by quantity. Economic profit is never larger than accounting profit Economic profit is total revenue less total opportunity costs. Total opportunity costs include both explicit and implicit costs. The extra output that the last worker hired adds to total production is called the marginal product of l...