Con 101 - Study guides, Class notes & Summaries

Final Exam Econ 101 2023 What behavior does the phenomenon known as comparative advantage encourage? specialization in production The government has been trying to encourage the use of fuel-efficient cars. One way it does this is by allowing fuel-efficient cars to use a separate highway lane. This separate lane encourages people to use fuel-efficient cars because those who place a high value on their scarce time may be encouraged to buy a fuel-efficient car to take advantage of the sep...

CON 101 EXAM 1 REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. using readily available materials to construct simple structures for protection from environment - -ancient times maslows hierarchy of needs - --physcological needs -safety and security -love and belonging -self-esteem -self-actualization what is a master builder? - -one person skilled in architecture, engineering, and construction what is the code of Hammurabi? - -first known building code the roman empire: - - ...

CON 101- CSU EXAM 2 REVIEW QUESTIONS AND ANSWERS, GRADED A+/ civil drawings - -all work associated with the site structural drawings - -all work associated with the structural framing mechanical drawings - -plumbing & HVAC electrical drawings - -Includes all rough wiring, transformers, and panel boxes, as well as receptacles, switches and lighting fixtures 4 sections of specs - -bidding documents, general conditions, supplemental conditions, technical specifications the project manua...

In a competitive market, excess demand for a good exists whenever...? a. resources are scarce b. the current price is below the equilibrium price c. the current price is above the equilibrium price d. sellers are subject to the constraints imposed by input prices and technology e. the quantity supplied at the current price exceeds the quantity demanded - Answer b. the current price is below the equilibrium price Which of the following is an example of a stock variable? a. The amount o...

ECON 101 Week 1 Quiz Winter 2024 Already passed;AMU Question 1 10 / 10 points The branch of economics that examines the impact of choices on aggregates in the economy is: positive economics. normative economics. macroeconomics. microeconomics. Question 2 10 / 10 points When we are forced to make choices we are facing the concept of: ceteris paribus. free goods. scarcity. the margin. Question 310 / 10 points An economic system is the set of rules that define a...

1. Jacquelyn is a student at a major state university. Which of the following is NOT an explicit cost of her attending college? A) tuition B) textbooks C) the salary that she could have earned working full-time D) computer lab fees - Answer C) the salary that she could have earned working full-time 2. Which of the following statements about opportunity cost is FALSE? A) Opportunity cost may be larger than monetary cost. B) Opportunity cost includes both explicit and implicit costs. C...

ECON 101/ ECON Principles of Microeconomics Exam 1 study guide new Solution University of Iowa Microeconomics - >>>>the study of how households and firms make decisions and how they interact in markets Macroeconomics - >>>>the study of economywide phenomena, including inflation, unemployment, and economic growth Scarcity - >>>>the limited nature of society's resources

Economics - Answer The study of scarcity and choice. Individual Choice - Answer Decisions by individuals about what to do, which necessarily involve decisions about what not to do. Economy - Answer A system for coordinating a society's productive and consumptive activities. Resource - Answer Anything that can be used to produce something else. Land - Answer Refers to all resources that come from nature, such as minerals, timber, and petroleum. Labor - Answer The eff...

In terms of planetary boundaries, what issues are high risk? What issues are qualified as increasing risk? What issues are still below the boundary? Biosphere Integrity (Biodiversity Loss) and Biogeochemical Flows Land-system change and climate change Freshwater use, ocean acidification, ozone depletion What is biosphere integrity? What is it made up of? "long-term capacity of the biosphere to persist under and adapt to abrupt and gradual change" It is made up of (1) genetic diversi...