Econ 20 - Study guides, Class notes & Summaries

ECON 202 FINAL EXAM Questions with Correct Answer1

Econ 201: Final Exam Questions with Correct Answers

ECON 201 Final OSU Questions with Correct Answers.

What is a financial market? correct answers a market in which people trade future claims on funds or goods (ex: a loan, stocks, insurance) Examples of "future claims": correct answers 1.) Loan: the bank gives you money now in return for repayment in the future 2.) Stocks: buying a company stock today gives you a right to a share of profits in the future 3.) Insurance: you pay premiums now in return for the right to submit a claim for compensation in the future What is a "buyer" in a ...

What is Macroeconomics?* correct answers Macroeconomics is the study of aggregate behavior, including, unemployment, inflation, recessions, and other economy wide phenomenon. What is the difference between microeconomics and macroeconomics?* correct answers Macroeconomics = the study of aggregate behavior, including, unemployment, inflation, recessions, and other economy wide phenomenon. Microeconomics = The study of individual decision making by firms and individuals. What are the thr...

ECON 202 Portillo (Midterm #1) Questions with Correct Answers

scarcity Correct Answer-a situation in which unlimited wants exceed the limited resources available to fulfill those wants economics Correct Answer-the study of the choices people make to attain their goals, given their scarce resources economic model Correct Answer-a simplified version of reality used to analyze real-world economic situations market Correct Answer-a group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade ...

ECON 203 - INTRODUCTION TO MACROE CONOMICS Winter COMMON FINAL EXAMINATION - VERSION 1 ACTUAL QUESTIONS CHEAT SHEET SOLUTION CONCORDIA UNIVERSITY