1.09 Module 1 Exam Economics
QUESTIONS AND ANSWERS
1. A pink sleeveless dress has been a quick seller at a garb shop. Which of those might
raise the price of the dress? - ANSWER-A discount in the wide variety of dresses to
be had from the producer
2. An boom in call for reasons the demand curve to - ANSWER-shift to the proper
3. Andy's two nephews want to travel to Philadelphia with him to look a show. Andy has two
free plane tickets and 3 tickets to the display. Which of the subsequent exceptional
describes the 2 plane tickets? - ANSWER-A scarce resource
4. Based at the graph, what might show up if customers demanded 550 devices of this
product? - ANSWER-The fee would drop to zero.5.
5. Costa Rica is a top exporter of coffee. The highest pleasant coffee is offered abroad, and
the decrease first-rate espresso is fed on via local Costa Ricans.
6. Which of the subsequent statements fine describes the economic questions this
paragraph addresses? - ANSWER-For whom to produce? And What to provide?
Creative Commons Attribution-Share Alike 3.0 Unported, and
Creative Commons Attribution-Share Alike 2.Five Generic license
7. The supply and demand curves mirror the availability and cost of a new gaming system.
The producer pronounces that the new system will be well matched with present games
under the equal emblem. Which trade will maximum in all likelihood occur to the graph? -
ANSWER-Demand will shift proper, raising the marketplace price.
8. Economics is defined as a examine of the - ANSWER-methods humans attain their
wants with restricted resources
9. If the x-axis is Quantity, and the y-axis is Price, what does line S1 constitute? -
ANSWER-The supply of a product at time 1
10.Magola makes baked items for a dwelling. She and a pal purchase the elements, follow
Magola's recipes, and sell desserts and cookies to associates. Cookies and cakes is the
answer to which economic query(s)? - ANSWER-What to provide?
11.The deliver and demand curves show facts for the state-of-the-art paperback version in a
popular younger grownup fiction series that has been become a movie. Which alternate
ought to be made to the graph if the writer offers a complementary download of a music
from the newest film version with purchase? - ANSWER-Shift D1 proper, displaying an
boom in call for and an boom in equilibrium charge.
12.Timothy, a cashier, is given a twenty-dollar bill at his store. He is suspicious of the client
and desires to make sure the foreign money is actual. Which would be a clue that the
currency is counterfeit? - ANSWER-There is no alternate in the color of the invoice's
ink.
QUESTIONS AND ANSWERS
1. A pink sleeveless dress has been a quick seller at a garb shop. Which of those might
raise the price of the dress? - ANSWER-A discount in the wide variety of dresses to
be had from the producer
2. An boom in call for reasons the demand curve to - ANSWER-shift to the proper
3. Andy's two nephews want to travel to Philadelphia with him to look a show. Andy has two
free plane tickets and 3 tickets to the display. Which of the subsequent exceptional
describes the 2 plane tickets? - ANSWER-A scarce resource
4. Based at the graph, what might show up if customers demanded 550 devices of this
product? - ANSWER-The fee would drop to zero.5.
5. Costa Rica is a top exporter of coffee. The highest pleasant coffee is offered abroad, and
the decrease first-rate espresso is fed on via local Costa Ricans.
6. Which of the subsequent statements fine describes the economic questions this
paragraph addresses? - ANSWER-For whom to produce? And What to provide?
Creative Commons Attribution-Share Alike 3.0 Unported, and
Creative Commons Attribution-Share Alike 2.Five Generic license
7. The supply and demand curves mirror the availability and cost of a new gaming system.
The producer pronounces that the new system will be well matched with present games
under the equal emblem. Which trade will maximum in all likelihood occur to the graph? -
ANSWER-Demand will shift proper, raising the marketplace price.
8. Economics is defined as a examine of the - ANSWER-methods humans attain their
wants with restricted resources
9. If the x-axis is Quantity, and the y-axis is Price, what does line S1 constitute? -
ANSWER-The supply of a product at time 1
10.Magola makes baked items for a dwelling. She and a pal purchase the elements, follow
Magola's recipes, and sell desserts and cookies to associates. Cookies and cakes is the
answer to which economic query(s)? - ANSWER-What to provide?
11.The deliver and demand curves show facts for the state-of-the-art paperback version in a
popular younger grownup fiction series that has been become a movie. Which alternate
ought to be made to the graph if the writer offers a complementary download of a music
from the newest film version with purchase? - ANSWER-Shift D1 proper, displaying an
boom in call for and an boom in equilibrium charge.
12.Timothy, a cashier, is given a twenty-dollar bill at his store. He is suspicious of the client
and desires to make sure the foreign money is actual. Which would be a clue that the
currency is counterfeit? - ANSWER-There is no alternate in the color of the invoice's
ink.
