Econ final exa - Study guides, Class notes & Summaries

Which of the following is an example of using physical capital to save time and money? - correct answer Building extra space in a factory to simplify production. Every decision involves tradeoffs because what? - correct answer Everyone's resources are limited Production possibilities curve shows the relationship between the production of... - correct answer Any two categories of goods An economy that is producing the maximum amount of goods and services is considered... - correct answe...

Econ Final Exam Review: Nisha Aroskar Questions and Answer 100% Pass What is economics? -Answer-Science of making choices, science of scarcity What is scarcity? -Answer-Limited resources to satisfy unlimited human wants What are the factors of production and their rewards? -Answer-Land = rent Labor = wages Capital = interest Entrepreneur = profit What is opportunity cost? -Answer-The value of the next best alternative given up What is Production Possibilities Frontier? -Answer-Graph tha...

Kendra knows someone who suffers from overeating, frequent consumption of alcohol, and gambling. What disorder does Kendra's friend most likely have? - Impulse disorder Isabelle has been forgetting a lot of things lately, and her friends and family have been angry with her. Today, she feels as if she's going to do something wrong no matter how hard she tries. She has decided to play it safe and stay indoors, even though there are many things she would like to go do with her friends. What ...

ECON FINAL EXAM REVIEW: NISHA AROSKAR EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

What is the minimum number of GEMS courses an instructor must teach to maintain his or her instructor status? correct answers 1 course per edition Which Bloom's Taxonomy of Educational Objectives level is the ability to assemble terms or facts, memorize material, and recall information? correct answers Knowledge A university hospital is looking for a course that it can offer to local EMS providers in one eight-hour session. The course will improve providers' ability to work together, mov...

economics - correct answeris the study of how individuals and societies use their limited resources to try to satisfy their unlimited wants. scarcity - correct answeris the problem that human wants exceed the production possible with the limited resources available. resources - correct answerare the inputs that make production possible land - correct answerrefers to the naturally occurring resources. capital - correct answerrefers to produced goods that are used in the production of ...

Which of the following is an example of using physical capital to save time and money? - answer-Building extra space in a factory to simplify production. Every decision involves tradeoffs because what? - answer-Everyone's resources are limited Production possibilities curve shows the relationship between the production of... - answer-Any two categories of goods An economy that is producing the maximum amount of goods and services is considered... - answer-Efficient A music store hol...

NAEMT Instructor Preparation Course, Second Edition Final Exam Questions & Correct Answers What is the minimum number of GEMS courses an instructor must teach to maintain his or her instructor status? - ANSWER : 1 course per edition Which Bloom's Taxonomy of Educational Objectives level is the ability to assemble terms or facts, memorize material, and recall information? - ANSWER : Knowledge A university hospital is looking for a course that it can offer to local EMS provide...

ECON FINAL EXAM PREDICTION QUESTIONS. William Poole believes economics should be taught in schools because students will learn how economics helps achieve dreams. why economics is a good career choice. how to make good decisions within an economy. why studying a global economy is important. - CORRECT ANSWER how to make good decisions within an economy. What are some reasons for studying economics? Check all that apply. Economics has an impact on everyday life. Economics helps p...

ECON FINAL EXAM 2023,GRADED A+ Refer to Figure 3.19. The market is initially in equilibrium at Point A. If supply shifts from S1 to S2 and the price of cheeseburgers remains constant at $5.00, there will be An Excess demand of 6 cheeseburgers Refer to Figure 3.19. The market is initially in equilibrium at Point A. If supply shifts from S1 to S2, the new equilibrium price will be ________ and the new equilibrium quantity will be ________. 7.00$ When Hurricane Andrew passed through Louisian...