Toronto, Ontario, Canada
ECON 1000 - Introduction to Microeconomics
ECON 1000 Exam
Course Title and Number: ECON 1000 - Introduction
to Microeconomics
Exam Title: ECON 1000 Exam
Exam Date: Exam 2024- 2025
Instructor: [Insert Instructor’s Name]
Student Name: [Insert Student’s Name]
Student ID: [Insert Student ID]
Examination
180 minutes
Instructions:
1. Read each question carefully.
2. Answer all questions.
3. Use the provided answer sheet to mark your responses.
4. Ensure all answers are final before submitting the exam.
5. Please answer each question below and click Submit when you
have completed the Exam.
6. This test has a time limit, The test will save and submit
automatically when the time expires
7. This is Exam which will assess your knowledge on the course
Learning Resources.
Good Luck!
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, ECON 1000 - Introduction to Microeconomics 2024 –
2025 ECON 1000 Midterm Exam Quiz Practice Study
Guide with Answers | 100% Pass Guaranteed | Graded
A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Scarcity - Answer>> Inability to satisfy all wants
Microeconomics - Answer>> Study of individual and
business choices
Macroeconomics - Answer>> Study of national and global
economy performance
Opportunity Cost - Answer>> Highest-valued alternative
given up for a choice
Marginal Benefit - Answer>> Benefit from an increase in
an activity
Marginal Cost - Answer>> Cost of an increase in an
activity
Incentives - Answer>> Rewards or penalties influencing
choices
Factors of Production - Answer>> Land, labor, capital,
entrepreneurship
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