Econ 102 (ECON102)

American Public University

Here are the best resources to pass Econ 102 (ECON102). Find Econ 102 (ECON102) study guides, notes, assignments, and much more.

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ECON 102 QUIZ 1 - 100% Correct Questions and Answers Popular
  • ECON 102 QUIZ 1 - 100% Correct Questions and Answers

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  • Question 1 of 10 Economics is best defined as the study of Question 2 of 10 Macroeconomics differs from microeconomics in that Question 3 of 10 Gross domestic product calculations count only final goods and services because Question 4 of 10 Gross investment is Question 5 of 10 Depreciation is Question 6 of 10 Transfer payments are excluded from government purchases in GDP accounting because Question 7 of 10 A trade surplus occurs when Question 8 of 10 A firm's value added can be measured as the...
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ECON 102 QUIZ 3 - 100% Correct Questions and Answers Popular
  • ECON 102 QUIZ 3 - 100% Correct Questions and Answers

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  • ECON 102 QUIZ 3 Question 1 of 10 Which of the following is a problem with the price system that can lead to a breakdown in the coordination of economic activity? Question 2 of 10 If prices are sticky Question 3 of 10 What are some reasons why coordination of economic affairs through the price system may not work perfectly? Question 4 of 10 One reason the aggregate demand curve is downward sloping is because of the Question 5 of 10 Which of the following would cause an increase in aggregate deman...
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ECON 102 Quiz 6 UPDATED SOLUTIONS.
  • ECON 102 Quiz 6 UPDATED SOLUTIONS.

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  • ECON 102 Quiz 6 UPDATED SOLUTIONS. 1. Select the answer below that corresponds to the idea of a derived demand curve. A. A bagel producer hires more workers because she would like to reduce the number of hours she personally works at the bagel factory B. A bagel producer invests in a new bagel oven to take advantage of a new investment tax deduction C. A bagel producer decides to supply more bagels to the market, and as a result her demand for bagel workers increases*** D.All of the above ...
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Econ 102 quiz 5 LATEST QUESTIONS AND ANSWERS.
  • Econ 102 quiz 5 LATEST QUESTIONS AND ANSWERS.

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  • Econ 102 quiz 5 LATEST QUESTIONS AND ANSWERS. Question 1 of 10 10.0/ 10.0 Points Technological progress occurs when the economy gets more output A. without any more capital or labor. B. by using more capital per worker. C. by using more capital but not more workers. D. by using more labor but not more capital. Answer Key: A Question 2 of 10 10.0/ 10.0 Points If a firm increases its use of capital while holding constant the number of workers employed, the firm is said to experience...
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Econ 102 quiz 4 LATEST QUESTIONS AND ANSWERS
  • Econ 102 quiz 4 LATEST QUESTIONS AND ANSWERS

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  • Econ 102 quiz 4 LATEST QUESTIONS AND ANSWERS. Question 1 of 10 10.0/ 10.0 Points The supply of money in the U.S. economy is determined primarily by A. decisions made by the Federal Reserve and the U.S. Treasury. B. the actions of the Federal Reserve and the banking system. C. consumers and the banking system. D. the demand for money in the economy. Answer Key: B Question 2 of 10 10.0/ 10.0 Points One of the essential functions that a bank performs is A. purchasing government bond...
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ECON 102 Quiz 3  Questions And Answers (UPDATED SOLUTIONS).
  • ECON 102 Quiz 3 Questions And Answers (UPDATED SOLUTIONS).

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  • ECON 102 Quiz 3 Questions And Answers (UPDATED SOLUTIONS). 1) Suppose that the real return on assets is 4% forever. Approximately what is it worth to have a gift from your grandparents when you are young that pays $2000 a year until you die: a. About $2,000 b. About $5,000; c. About $120,000 if you expect to live for another 60 years; d. About $20,000 e. About $8,000 f. About $50,000 Solution: The present value of the sum of all money to be received in the future on this “perpetuity...
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ECON 102 Quiz 2  Questions And Answers.
  • ECON 102 Quiz 2 Questions And Answers.

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  • ECON 102 Quiz 2 Questions And Answers. Question 1 0.5 / 0.5 pts Macroeconomics considers ________ and microeconomics considers ________Correct! economywide phenomena; choices of individuals Question 2 0.5 / 0.5 pts Dr. Dave’s economics students are creating models explaining gasoline price changes. Minjun's model has realistic assumptions and is very complex. Ava's model is less complicated and less realistic. Minjun's model correctly predicts gas price increases 25% of the time...
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Econ 102 quiz 1 ( QUESTIONS AND ANSWERS).
  • Econ 102 quiz 1 ( QUESTIONS AND ANSWERS).

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  • Econ 102 quiz 1 ( QUESTIONS AND ANSWERS). Question 1 of 10 10.0/ 10.0 Points Economics is best defined as the study of A. financial decision-making B. how consumers make purchasing decisions. C. choices made by people faced with scarcity. D. inflation, unemployment, and economic growth Answer Key: C Question 2 of 10 10.0/ 10.0 Points Macroeconomics differs from microeconomics in that A. macroeconomics is the study of individual markets, while microeconomics deals with the nat...
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ECON 102 QUIZ 1 - 100% Correct Questions and Answers
  • ECON 102 QUIZ 1 - 100% Correct Questions and Answers

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  • Part 1 of 1 - 100.0/ 100.0 Points Question 1 of 10 10.0/ 10.0 Points Economics is best defined as the study of A. financial decision-making B. how consumers make purchasing decisions. Correct C. choices made by people faced with scarcity. D. inflation, unemployment, and economic growth Answer Key: C Question 2 of 10 10.0/ 10.0 Points Macroeconomics differs from microeconomics in that A. macroeconomics is the study of individual markets, while microeconomics deals with the nation's e...
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ECON 102 QUIZ 1 - 100% Correct Questions and Answers 100.0/ 100.0 Points
  • ECON 102 QUIZ 1 - 100% Correct Questions and Answers 100.0/ 100.0 Points

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  • Part 1 of 1 - 100.0/ 100.0 Points Question 1 of 10 10.0/ 10.0 Points Economics is best defined as the study of A. financial decision-making B. how consumers make purchasing decisions. Correct C. choices made by people faced with scarcity. D. inflation, unemployment, and economic growth Answer Key: C Question 2 of 10 10.0/ 10.0 Points Macroeconomics differs from microeconomics in that A. macroeconomics is the study of individual markets, while microeconomics deals with the nation's e...
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  • by Lectdennis