1.09 Module One Exam (econ) QUESTIONS
AND ANSWERS
1. A console sport, ZOMBIES!, has pop out these days. It sells for $60. Which of those may
lower the charge of the sport? - ANSWER-A poor article approximately the sport
from a widely known reviewer, inflicting income to drop
2. An growth in call for causes the demand curve to - ANSWER-Shift to the right
3. Clara works a summer time process that will pay $10 an hour she has two alternatives
for the Fourth of July weekend. She can maintain to work and earn vacation pay, or she
can go out together with her friends to the beach. She creates a fee benefit evaluation
desk to look at her selections. Which assertion might first-class complete the chart, and
why? - ANSWER-For agency may see she is reliable and rent her in the fall helping
her keep extra for college
4. Devon enters his palm in a national contest, as opposed to joining his pal At a football
recreation.Which could be a protracted-time period gain of his choice? -
ANSWER-Winning a scholarship for his writing
5. I were given a one hundred% - ANSWER-So please do not worry if those anwsers
are wrong.
6. If the x-axis is amount and the y-axis is Price, what does line S1 constitute? -
ANSWER-The deliver of a product at time 1
7. Look on the graph. Where P is price and Q is quantity, what might motive a pass from B
to A? - ANSWER-A national discount program is implemented
8. Magola makes baked items for a residing. She and a friend purchase elements, comply
with Magola recipes, and promote cakes and cookies to acquaintances. Cookies and
desserts is the answer to which economic question(s)? - ANSWER-What to Produce?
9. Should Mrs Baxter allow her college students to take a open-book take a look at ? -
ANSWER-Students will be happier with Mrs.Baxter or they will have better grades.
( relies upon which graph you've got )
10.The supply and call for curves mirror the supply and cost of a brand new gaming device.
The manufacturer proclaims that the brand new gadget will be well suited with current
video games below the equal brand. Which trade will most probably occur to the graph?
- ANSWER-Demand will shift proper raising, the marketplace charge
11.The supply and demand curves display statistics for modern cellphone covers.How could
the graph exchange if the manufacturer hired a popular actor as a spokesperson for the
product? - ANSWER-Add D2 to the proper of D, showing an boom in call for and
growth in equilibrium rate.
12.Timothy, a cashier, is given a $20 bill at his save. He is suspicious of the patron and
desires to make sure the foreign money is actual. Which could be a clue that the forex is
counterfeit? - ANSWER-There is no trade within the colour of the payments ink
13.Use the above graph to reply the following query. Which line indicates an boom in
demand? - ANSWER-2 ( the inexperienced one)
AND ANSWERS
1. A console sport, ZOMBIES!, has pop out these days. It sells for $60. Which of those may
lower the charge of the sport? - ANSWER-A poor article approximately the sport
from a widely known reviewer, inflicting income to drop
2. An growth in call for causes the demand curve to - ANSWER-Shift to the right
3. Clara works a summer time process that will pay $10 an hour she has two alternatives
for the Fourth of July weekend. She can maintain to work and earn vacation pay, or she
can go out together with her friends to the beach. She creates a fee benefit evaluation
desk to look at her selections. Which assertion might first-class complete the chart, and
why? - ANSWER-For agency may see she is reliable and rent her in the fall helping
her keep extra for college
4. Devon enters his palm in a national contest, as opposed to joining his pal At a football
recreation.Which could be a protracted-time period gain of his choice? -
ANSWER-Winning a scholarship for his writing
5. I were given a one hundred% - ANSWER-So please do not worry if those anwsers
are wrong.
6. If the x-axis is amount and the y-axis is Price, what does line S1 constitute? -
ANSWER-The deliver of a product at time 1
7. Look on the graph. Where P is price and Q is quantity, what might motive a pass from B
to A? - ANSWER-A national discount program is implemented
8. Magola makes baked items for a residing. She and a friend purchase elements, comply
with Magola recipes, and promote cakes and cookies to acquaintances. Cookies and
desserts is the answer to which economic question(s)? - ANSWER-What to Produce?
9. Should Mrs Baxter allow her college students to take a open-book take a look at ? -
ANSWER-Students will be happier with Mrs.Baxter or they will have better grades.
( relies upon which graph you've got )
10.The supply and call for curves mirror the supply and cost of a brand new gaming device.
The manufacturer proclaims that the brand new gadget will be well suited with current
video games below the equal brand. Which trade will most probably occur to the graph?
- ANSWER-Demand will shift proper raising, the marketplace charge
11.The supply and demand curves display statistics for modern cellphone covers.How could
the graph exchange if the manufacturer hired a popular actor as a spokesperson for the
product? - ANSWER-Add D2 to the proper of D, showing an boom in call for and
growth in equilibrium rate.
12.Timothy, a cashier, is given a $20 bill at his save. He is suspicious of the patron and
desires to make sure the foreign money is actual. Which could be a clue that the forex is
counterfeit? - ANSWER-There is no trade within the colour of the payments ink
13.Use the above graph to reply the following query. Which line indicates an boom in
demand? - ANSWER-2 ( the inexperienced one)
