Saylor academy econ101 - Study guides, Class notes & Summaries

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Saylor Academy ECON101: Direct Credit Test Questions and Answers
Exam (elaborations) • 9 pages • 2023
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Saylor Academy ECON101: Direct Credit Exam Questions and Answers
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Saylor Academy ECON101: Direct Credit Exam Questions and Answers Saylor Academy ECON101: Direct Credit Exam Questions and Answers

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Saylor Academy ECON101 Direct Credit Exam Questions and Answers
Exam (elaborations) • 9 pages • 2024
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Saylor Academy ECON101 Direct Credit Exam Questions and Answers

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Saylor Academy ECON101: Direct Credit Questions and Answers
Exam (elaborations) • 20 pages • 2024

Saylor Academy ECON101: Direct Credit Questions and Answers What does the term "capital" refer to in economics? The equipment, and buildings used by firms According to the production possibility frontier below, the economy of this country can produce 50 boats and 25 cars (point Z). For strategic reasons the government would like to produce 45 boats and 35 cars (point Y). What advice would you give to the government of this country? IMAGE It is an impossible goal because there are...

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Saylor Academy ECON101: Direct Credit Exam Questions and Answers
Exam (elaborations) • 10 pages • 2024
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Saylor Academy ECON101: Direct Credit Exam Questions and Answers Q: Why does scarcity exist? - answerResources are limited. Which of the following is the most fundamental concept in economics? - answerScarcity The Greek word for "economy" is oikonomos, which literally means a person who: - answermanages a household. What does the term "capital" refer to in economics? - answerThe equipment, and buildings used by firms According to the production possibility frontier below, the economy...