Econ 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...

Econ 101 csulb midterm Question and answers 100% correct 2024 Econ 101 csulb midterm A 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 talent...

ECON 101 FINAL EXAM 2023/2024 VERIFIED QUESTIONS AND ANSWERS GRADED A+(SOLVED)

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...

Econ 101 Chapters 1-12 UPDATED ACTUAL Questions and CORRECT Answers Macroeconomics - CORRECT ANSWER- Looks at the economy as a whole on a large scale, might look at unemployment, inflation and economic growth in our society. Microeconomics - CORRECT ANSWER- Looks at the actions of individual decision makers on a small scale, might look at households

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

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...

Econ 101 Test week 5 | Questions and answers | Updated 2024/25

Econ 101 - Final Exam 2023 GRADED A LATEST VERSION 2OO QUESTIONS AND ANSWERS

Econ 101 Week 7 UPDATED ACTUAL Exam Questions and CORRECT Answers Gross Domestic Product (GDP) - CORRECT ANSWER - The value of of the output of all goods and services produced within the borders of a country. Consumption (C) - CORRECT ANSWER - Consumption by households. Largest component of GDP. Roughly 2/3 of GDP in any year