Econ week 12 - Study guides, Class notes & Summaries
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American Military University ECON 201 ECON201 WEEK 7 Exam Questions Quiz 100% CORRECT
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American Military University ECON 201 
ECON201 WEEK 7 Exam Questions Quiz 
100% CORRECT 
 
 
Question 1 
Monopolistic competition is an industry characterized by a: 
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A. small number of firms producing identical products, with barriers to entry for firms. 
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B. small number of firms producing similar products, with relatively easy entry for firms. 
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C. large number of firms producing similar products, with relatively easy entry for firms. 
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D. large number of firms producing ident...
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(Answered) Final Exams ECON 1580 Introduction to Economics Latest Fall 2022.
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Final Exams 
ECON 1580 Introduction to Economics 
Question 1 
If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists 
increases, this indicates that these two goods are: 
a. unrelated goods. 
b. superior goods. 
c. inferior goods. 
d. substitute goods. 
Question 2 
A decrease in the demand facing a monopoly firm would _______ quantity and _______ price. The 
demand is inelastic. 
a. increase; increase 
b. increase; decrease 
c. decrease; increase 
d. de...
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ECON 2001 Week 3 MidTerm With Answers ( LATEST UPDATE )
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User	Glenn Hayden 
Course	ECON-1002-3/MGMT-3503-3-Microeconomics2018 Spring Qtr 02/26-05/20-PT5 
Test	Exam - Week 3 
Started	4/26/18 12:29 PM Submitted	4/26/18 12:56 PM Due Date	4/30/18 1:59 AM Status	Completed 
 
Attempt Score 
Time Elapsed 
 
100 out of 100 points 
 
26 minutes out of 2 hours and 30 minutes 
 
Instructions	Please answer each question below and click Submit when you have completed the Quiz. 
 
Results Displayed 
 
Submitted Answers, Correct Answers, Feedback 
 
 
 
A dem...
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Exam (elaborations) ECON 1580 Final Exams Final Exams ECON 1580 Introduction to Economics Latest Fall 2022. Answered
- Exam (elaborations) • 13 pages • 2022
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Final Exams ECON 1580 Introduction to Economics Question 1 If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists increases, this indicates that these two goods are: a. unrelated goods. b. superior goods. c. inferior goods. d. substitute goods. Question 2 A decrease in the demand facing a monopoly firm would _______ quantity and _______ price. The demand is inelastic. a. increase; increase b. increase; decrease c. decrease; increase d. decrease; decreas...
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(Answered) Final Exams ECON 1580 Introduction to Economics Latest Fall 2022.
- Exam (elaborations) • 13 pages • 2022
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Final Exams ECON 1580 Introduction to Economics Question 1 If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists increases, this indicates that these two goods are: a. unrelated goods. b. superior goods. c. inferior goods. d. substitute goods. Question 2 A decrease in the demand facing a monopoly firm would _______ quantity and _______ price. The demand is inelastic. a. increase; increase b. increase; decrease c. decrease; increase d. decrease; decreas...
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University of California, Berkeley ECON 100B Problem Set 2 Summer 2017 Solutions v2
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Econ 100B: Economic Analysis { Macroeconomics Problem Set #2 { Solutions Due Date: July 6, 2017 1. Comparing the output and unemployment gaps shown on slide 26 of lecture 8: (a) Would you characte rize the direction of these fluctuations as generally procyclical, countercyclical, or acyclical? Why? The direction of these fluctuations is generally countercyclical because almost all of the movements in the output gap have a corresponding opposite direction of movement by the unemployment gap. (b) ...
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ECON 301-Chapter 6—Elasticities. Questions and Answers
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ECON 301-Chapter 6—Elasticities. Questions and Answers 
 
TRUE/FALSE 
1. Price elasticity is a measure of the relative responsiveness of the change in quantity demanded to a 
change in price. 
ANS: T PTS: 1 
2. Price elasticity is a measure of the relative responsiveness of the change in price to a change in 
quantity demanded. 
ANS: F PTS: 1 
3. Moving along an inelastic portion of a demand curve, the change in quantity demanded will always be 
proportionally less than the change in price. 
A...
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ECON 2001-1 Week 3 MidTerm
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ECON 2001-1 Week 3 MidTerm 
 
Grade Details1.Question: 
 
In the Dornbusch-Fischer-Samuelson graph above, a uniform improvement in labor productivity in all the home country's industries would shift the A schedule	and would lead to the export of a	number of goods by the home country. 
Your Answer: 
upward; greater	CORRECT 
upward; smaller downward; greater downward; smaller 
 
Points Received:2 of 2 Comments: 
2.	Question: 
The following Classical-type table shows the number of days of labor in...
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ECON 2001-1 Week 3 MidTerm ( LATEST UPDATE )
- Exam (elaborations) • 31 pages • 2021
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ECON 2001-1 Week 3 MidTerm 
 
Grade Details1.Question: 
 
In the Dornbusch-Fischer-Samuelson graph above, a uniform improvement in labor productivity in all the home country's industries would shift the A schedule	and would lead to the export of a	number of goods by the home country. 
Your Answer: 
upward; greater	CORRECT 
upward; smaller downward; greater downward; smaller 
 
Points Received:2 of 2 Comments: 
2.	Question: 
The following Classical-type table shows the number of days of labor in...
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Introduction to Microeconomics (ECON 101)
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Introduction to Microeconomics (ECON 101)1) The p rice elasticity of d emand is a u nits- free measu re of the responsiveness of A) p rice to chan ges in qu an tity d eman d ed B) qu antity d eman d ed to ch anges in th e p rice of a substitu te or comp lement C) qu antity d emand ed to chan ges in the p rice of the good D) qu antity d emand ed to chan ges in income E) none of the above. An sw er: C 2) If a 10 p ercent rise in price lead s to an 8 p ercent d ecline in qu antity d emand ed , the ...
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