Economics 101 - Study guides, Class notes & Summaries

Econ 101 csulb midtermA good - correct answer anything that gives a person utility or satisfaction either tangible or intangible A bad - correct answer gives person disutility or dissatisfaction 4 Resources - correct answer 1. Land 2. Labor 3. Capital 4. Entrepreneurship land - correct answer all natural resources used to produce goods and services Labor - correct answer consists of the physical and mental talents that people contribute to the production process Capital - corr...

TMS3709 Assignment 2 (COMPLETE ANSWERS) 2024 (591251) - DUE 15 May 2024 ;100% TRUSTED workings, explanations and solutions.......... 1. Which teaching approach is encouraged during the Fourth Industrial Revolution? Give three (3) reasons for this. (4) 2. Which didactical principle is applicable when choosing a method for the teaching of Economics in the following examples? Just write down the name of the principle. 2.1 The teacher teaches the content of the curriculum as prescribed by the CAPS. ...

Econ 101 Final Exam 104 QUESTIONS AND ANSWERS GRADED A LATEST VERSION Econ 101 Final Exam 104 QUESTIONS AND ANSWERS GRADED A LATEST VERSION 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 quant...

American Military University ECON 101: ECON 101 Tests 1-3. Question 1 10 / 10 points The branch of economics that examines the impact of choices on aggregates in the economy is: Question options: positive economics. normative economics. Question 2 microeconomics. 10 / 10 points When we are forced to make choices we are facing the concept of: Question options: ceteris paribus. free goods. Question 3 the margin. 10 / 10 points An econo...

Econ 101 umich Exam 1 Questions & Answers 2023/2024 Positive Economics - ANSWER-What is Normative Economics - ANSWER-What ought to be 4 Keys of Good Decision-Making - ANSWER-1) Cost-benefit 2) Opportunity cost 3) Marginal principle 4) Connectedness principle Cost-benefit - ANSWER-evaluate full set of cost and benefits, then pursue benefit that is at least as large as the cost Consumer Surplus - ANSWER-difference between willingness to pay and the price Producer Surplus - A...

WMGT 101 Exam 2 Quiz Questions and answers verified to pass 2024/2025 WMGT 101 Exam 2 Quiz Questions Econ: Who in the Civil Engineer Squadron is responsible for evaluating investment decisions based on life-cycle costs? (That is, who is involved in engineering economics?) - correct answer Everyone with a role in supporting or making investment decisions. Econ: The concept of "Time Value of Money" means what? (absent any spikes in the economy) - correct answer A thousand dolla...

Anthropology 101 - EconomicsEconomics - correct answer - Reflective of western economies - focus on captialism/market exchange - Actions of individuals under a condition of scarcity - Utility and maximization - Rational actors Anthropology of Economics - correct answer - Materials realities of day to day existence - Various ways to meet challenges - How are needs defined and met by culture? Original Affluent Society - correct answer - Basic human needs may be met with little work -Ot...

ANTH 101 Practice Questions with Complete Solutions Because she has been a community activist and advocate for her research subjects, and founded Organs Watch as a watchdog organization, Nancy Scheper-Hughes' research could be considered a form of ________ ethnography. - Answer-public The discussion in the text of Margery Wolf's publication "A Thrice Told Tale" states that this innovative ethnographic approach includes a fictionalized account, a published article, and: - Answer-field ...

Chapter 8: Revenue management for Hotels questions with 100% Correct Answers | Verified | Latest Update 2024 True or False: Rooms are extremely profitable. - True Any serious exploration of hotel room rates and their management must include what basic information? - Room rate economics: supply and demand True or False: Room rate economics recognizes when supply is held constant, a decrease in demand leads to a decreased selling price. - True Is the inventory of rooms highly perishable - Yes ...

Econ 101 Final Exam 104 QUESTIONS AND ANSWERS GRADED A LATEST VERSION 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 - CORRECT ANSWERS b. the current price is below the equilibr...