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ECO213 Exam #2 Questions and Correct Answers | Latest Update
U.S. real GDP in 2018 was $18,638 billion, and real GDP in 2019 was $19,073 billion 
(constant 2012 $). What was the rate of growth in U.S. real GDP from 2018 to 2019. just 
prior to the coronavirus pandemic? 
 2.3% 
The best economic measure of the standard of living is 
 real GDP per capita 
If an economy is growing at a rate of 2.5% per year, how long will it take the economy to 
double in size? 
 28 years 
Workers in ________ countries have ________ to work with than do workers i...
- Exam (elaborations)
- • 27 pages •
U.S. real GDP in 2018 was $18,638 billion, and real GDP in 2019 was $19,073 billion 
(constant 2012 $). What was the rate of growth in U.S. real GDP from 2018 to 2019. just 
prior to the coronavirus pandemic? 
 2.3% 
The best economic measure of the standard of living is 
 real GDP per capita 
If an economy is growing at a rate of 2.5% per year, how long will it take the economy to 
double in size? 
 28 years 
Workers in ________ countries have ________ to work with than do workers i...
ECO 4223 Test 1 Questions and Correct Answers | Latest Update
A bond pays its ________ at the time of ________ . 
 face value; maturity 
Corporations issue stocks to 
 raise funds for investments 
Economists call the situation where one side of an economic transaction has more information 
than the other 
 asymmetric information 
The problem of moral hazard arises when the seller of a security has 
 little incentive to behave prudently after selling its security 
Financial markets are made up of people and firms that ________ assets. 
 buy ...
- Exam (elaborations)
- • 10 pages •
A bond pays its ________ at the time of ________ . 
 face value; maturity 
Corporations issue stocks to 
 raise funds for investments 
Economists call the situation where one side of an economic transaction has more information 
than the other 
 asymmetric information 
The problem of moral hazard arises when the seller of a security has 
 little incentive to behave prudently after selling its security 
Financial markets are made up of people and firms that ________ assets. 
 buy ...
ECO 213- Final Exam Questions and Correct Answers | Latest Update
If a country's currency is determined only by the demand and supply for that country's 
currency, the country is said to have a 
 floating exchange rate. 
Countries that use the euro as their currency face similar concerns as countries did during the 
years of the gold standard in that each are 
 Unable to conduct monetary policy 
If a country's currency is pegged to the dollar its exchange rate is 
 fixed 
A decrease in a fixed exchange rate from 1.75 per pound to 1.60 per p...
- Exam (elaborations)
- • 17 pages •
If a country's currency is determined only by the demand and supply for that country's 
currency, the country is said to have a 
 floating exchange rate. 
Countries that use the euro as their currency face similar concerns as countries did during the 
years of the gold standard in that each are 
 Unable to conduct monetary policy 
If a country's currency is pegged to the dollar its exchange rate is 
 fixed 
A decrease in a fixed exchange rate from 1.75 per pound to 1.60 per p...
ECO 213 - test 1 Questions and Correct Answers | Latest Update
1) Economics is the study of 
A) supply and demand. 
B ) how to make money in a market economy. 
C) the choices everybody makes to attain their goals, given their scarce resources. 
D) how to make money in the stock market. 
 C) the choices everybody makes to attain their goals, given their scarce 
resources. 
2) What assumptions about humans do economists make? 
A) People are greedy and selfish. 
B ) None, because economics takes humans as given. 
C) Humans prefer to live in a societ...
- Exam (elaborations)
- • 64 pages •
1) Economics is the study of 
A) supply and demand. 
B ) how to make money in a market economy. 
C) the choices everybody makes to attain their goals, given their scarce resources. 
D) how to make money in the stock market. 
 C) the choices everybody makes to attain their goals, given their scarce 
resources. 
2) What assumptions about humans do economists make? 
A) People are greedy and selfish. 
B ) None, because economics takes humans as given. 
C) Humans prefer to live in a societ...
ECO 213 Midterm Study Guide Questions and Correct Answers | Latest Update
Scarcity means we are unable to have as much as we would like to have. 
a. True 
b. False 
 False 
When making a rational decision which requires the consideration of costs and benefits 
involved, the opportunity cost of a decision is often not taken into consideration when indeed it 
should be. 
a. True 
b. False 
 True 
If X and Y are substitutes, the demand curve for X will shift to the right when the price of Y 
decreases. 
a. True 
b. False 
 False 
~ 1 ~ for inquiry mail me @ ...
- Exam (elaborations)
- • 17 pages •
Scarcity means we are unable to have as much as we would like to have. 
a. True 
b. False 
 False 
When making a rational decision which requires the consideration of costs and benefits 
involved, the opportunity cost of a decision is often not taken into consideration when indeed it 
should be. 
a. True 
b. False 
 True 
If X and Y are substitutes, the demand curve for X will shift to the right when the price of Y 
decreases. 
a. True 
b. False 
 False 
~ 1 ~ for inquiry mail me @ ...
ECO 213 - exam 3 Questions and Correct Answers | Latest Update
1) Rising prices erode the value of money as a ________ and a ________. 
A) medium of exchange; store of value 
B) unit of barter; unit of account 
C) store of value; unit of barter 
D) store of value; unit of liquidity 
 A) medium of exchange; store of value 
2) The Fed's two main monetary policy targets are 
A) the money supply and short term interest rates. 
B) the inflation rate and real GDP 
C) short term interest rates and real GDP. 
D) the money supply and the inflation rate. 
...
- Exam (elaborations)
- • 29 pages •
1) Rising prices erode the value of money as a ________ and a ________. 
A) medium of exchange; store of value 
B) unit of barter; unit of account 
C) store of value; unit of barter 
D) store of value; unit of liquidity 
 A) medium of exchange; store of value 
2) The Fed's two main monetary policy targets are 
A) the money supply and short term interest rates. 
B) the inflation rate and real GDP 
C) short term interest rates and real GDP. 
D) the money supply and the inflation rate. 
...
ECN 211 - EXAM 1 Questions and Correct Answers | Latest Update
Utility 
 Pleasure or satisfaction obtained from consuming a good or service 
Economizing Problem 
 Wants exceed means 
Economizing Problem 
 Limited resources vs. unlimited wants 
Individuals Economizing Problem 
 Budget Line 
Society's Economizing Problem 
 Production Possibilities Frontier (PPF): 
Factors of production 
 the resources the economy uses to produce goods & services, including labor, 
land, capital 
Inverse Relationship (negative) 
 Variables move in oppo...
- Exam (elaborations)
- • 12 pages •
Utility 
 Pleasure or satisfaction obtained from consuming a good or service 
Economizing Problem 
 Wants exceed means 
Economizing Problem 
 Limited resources vs. unlimited wants 
Individuals Economizing Problem 
 Budget Line 
Society's Economizing Problem 
 Production Possibilities Frontier (PPF): 
Factors of production 
 the resources the economy uses to produce goods & services, including labor, 
land, capital 
Inverse Relationship (negative) 
 Variables move in oppo...
DOE Core test studying Questions and Correct Answers | Latest Update
specific Ionization 
 # of ion pairs formed by a particle per path length 
Linear Energy Transfer 
 the average energy locally deposited in an absorber resulting from a 
charged particle per distance of travel 
stopping power 
 the absorbers ability to remove energy from a beam of a charged 
particle 
Range 
 inversely related to the stopping power, charged particle is only kinetic, it 
is the average depth of penetration before the charged particle loses all 
of its kinetic ener...
- Exam (elaborations)
- • 9 pages •
specific Ionization 
 # of ion pairs formed by a particle per path length 
Linear Energy Transfer 
 the average energy locally deposited in an absorber resulting from a 
charged particle per distance of travel 
stopping power 
 the absorbers ability to remove energy from a beam of a charged 
particle 
Range 
 inversely related to the stopping power, charged particle is only kinetic, it 
is the average depth of penetration before the charged particle loses all 
of its kinetic ener...
DOE Core (RCT) Practice Exam Questions and Correct Answers | Latest Update
Atomic Mass 
 The actual weight of a particular isotope in AMU 
The atomic # is the # of: 
 Protons in the nucleus 
The periodic table of the elements lists all known elements in order of: 
 Increasing atomic # 
An action on an object that could cause the object to change speed or direction is identified as 
 Force 
The Law of Conservation of Energy states that the: 
 Total amount of energy in a closed system remains unchanged 
When the nucleons are combined to form a nucleus some...
- Exam (elaborations)
- • 11 pages •
Atomic Mass 
 The actual weight of a particular isotope in AMU 
The atomic # is the # of: 
 Protons in the nucleus 
The periodic table of the elements lists all known elements in order of: 
 Increasing atomic # 
An action on an object that could cause the object to change speed or direction is identified as 
 Force 
The Law of Conservation of Energy states that the: 
 Total amount of energy in a closed system remains unchanged 
When the nucleons are combined to form a nucleus some...
DOD Cyber Awareness Questions and Correct Answers | Latest Update
Which of the following is true of protecting classified data? 
(CLASSIFIED DATA) 
 Classified material must be appropriately marked. 
A vendor conducting a pilot program with your organization contacts you for organizational 
data to use in a prototype. How should you respond? 
(CLASSIFIED DATA) 
 Refer the vendor to the appropriate personnel. 
When classified data is not in use, how can you protect it? 
(CLASSIFIED DATA) 
 Store classified data appropriately in a GSA-approved vault/co...
- Exam (elaborations)
- • 12 pages •
Which of the following is true of protecting classified data? 
(CLASSIFIED DATA) 
 Classified material must be appropriately marked. 
A vendor conducting a pilot program with your organization contacts you for organizational 
data to use in a prototype. How should you respond? 
(CLASSIFIED DATA) 
 Refer the vendor to the appropriate personnel. 
When classified data is not in use, how can you protect it? 
(CLASSIFIED DATA) 
 Store classified data appropriately in a GSA-approved vault/co...