Econ 10 - Study guides, Class notes & Summaries
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Econ 130 Botir || with 100% Verified Solutions.
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A situation where people have unlimited wants but face limited resources is known as: 
A. Economic efficiency 
B. Factors of production 
C. Macroeconomics 
D. Scarcity correct answers D. Scarcity 
 
The branch of economics that focuses on the study of output, inflation, and unemployment is known as: 
 
A. Capital 
B. Labor 
C. Macroeconomics 
D. Microeconomics correct answers C. Macroeconomics 
 
Which of the following describes a situation most closely related to microeconomics? 
 
A. A busines...
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ECON 1740 Final || with Accurate Answers 100%.
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In the year 2010, the richest fifth of the American population earned close to: 
a. 50% of the total income 
b. 20% of the total income 
c. 30% of the total income 
d. 80% of the total income correct answers 50% of the total income 
 
Investors in the London Company (later Virginia Co.) 
a. earned substantial profits 
b. earned modest profits 
c. broke even, with revenues just covering the principal 
d. earned substantial losses correct answers d. earned substantial losses on their investment 
 ...
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Econ 100 Final Review || ANSWERS RATED 100% CORRECT!!
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What is economics? 
A. A study of how businesses and individuals make the most money. 
B. A study of how people make choices to achieve goals with resource constraints. 
C. A study of the institutional mechanisms of commerce, like trade and the stock market. 
D. A study of comprehensive, international economic development. correct answers A study of how people make choices to achieve goals with resource constraints 
 
What is meant by "the invisible hand?" 
A. The "invisible hand" of governm...
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PSU Econ 104 Final Exam Questions And Answers 100% Verified
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PSU Econ 104 Final Exam Questions And 
Answers 100% Verified 
If the required reserve ration is 20%, the simple deposit multiplier is _______ 
A. 2 
B. 5 
C. 10 
D. 20 - answerB. 5 
1/.2 = 5 
Imagine that Kristy deposits $10,000 of currency into her checking account deposit at Bank A 
and the reserve ratio is 20%. As a result of Kristy's deposit, Bank A's reserves immediately 
increase by: 
A. $2,000 
B. $8,000 
C. $ 10,000 
D. $50,000 - answerC. $10,000 
This is how much money she puts in the...
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ECON 104 GOFFE FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS!!
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ECON 104 GOFFE FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS!!
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ECON 101 Week 7 Quiz Winter 2024 Already passed;AMU
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ECON 101 Week 7 Quiz Winter 2024 Already passed;AMU 
 
 
 
Week 7 Quiz (Chapter 11) - Results 
 
Attempt 1 of 1 
 
Written Apr 26, 2024 9:53 AM - Apr 26, 2024 10:13 AM 
 
 
Attempt Score 100 / 100 - 100 % 
Overall Grade (Highest Attempt) 100 / 100 - 100 % 
 
 
 
 
Question 1	10 / 10 points 
Monopolistic competition is an industry characterized by a: 
 
small number of firms producing identical products, with barriers to entry for firms. 
small number of firms producing similar products, with rel...
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PSU Econ 104 Final Exam Questions And Answers 100% Verified
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PSU Econ 104 Final Exam Questions And 
Answers 100% Verified 
If the required reserve ration is 20%, the simple deposit multiplier is _______ 
A. 2 
B. 5 
C. 10 
D. 20 - answerB. 5 
1/.2 = 5 
Imagine that Kristy deposits $10,000 of currency into her checking account deposit at Bank A 
and the reserve ratio is 20%. As a result of Kristy's deposit, Bank A's reserves immediately 
increase by: 
A. $2,000 
B. $8,000 
C. $ 10,000 
D. $50,000 - answerC. $10,000 
This is how much money she puts in the...
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Brown PSU Econ 104 Final Exam Actual Questions and Answers 2024 Graded A+
- Exam (elaborations) • 23 pages • 2024
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Brown PSU Econ 104 Final Exam Actual Questions and Answers 2024 Graded A+ If the required reserve ration is 20%, the simple deposit multiplier is _______ A. 2 B. 5 C. 10 D. 20 - ️️ B. 5 
1/.2 = 5 
Imagine that Kristy deposits $10,000 of currency into her checking account deposit at Bank A and the reserve ratio is 20%. As a result of Kristy's deposit, Bank A's reserves immediately increase by: A. $2,000 B. $8,000 C. $ 10,000 D. $50,000 - ️️ C. $10,000 
This is how much money she puts in...
-
ECON 101 Week 3 Quiz Winter 2024 Already passed;AMU
- Exam (elaborations) • 5 pages • 2024
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ECON 101 Week 3 Quiz Winter 2024 Already passed;AMU 
 
Question 1	10 / 10 points 
Demand is price inelastic if: 
 
 the price of the good responds slightly to a quantity change. 
 the demand curve shifts very little when a demand shifter changes. the percentage change in quantity demanded is relatively small in response to a relatively large percentage change in price. 
all of the above are true. 
 
 
Question 2	10 / 10 points 
If the absolute value of price elasticity is greater than 1, thi...
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ECON 104 GOFFE PSU
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Economic growth in the 2nd quarter of this year was about_____. 
 
a. 1% 
b. 2% 
c. 3% 
d. 4% - Answer- 4% 
 
How does capital show up in GDP? 
 
a. as something owned by households 
b. as something owned by firms 
c. as something purchased by households 
d. as something produced by firms - Answer- as something produced by firms 
 
T or F: Every time the government writes a check that expense shows up in GDP. 
 
a. True 
b. False - Answer- False 
 
Since 1970, real GDP_____. 
 
a. decreased most...
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