ECON 248 Study guides, Class notes & Summaries

Econ 248 Final Review UPDATED Exam Questions and CORRECT Answers In economics, the pleasure, happiness, or satisfaction received from a product is called: - Correct ANSWER- Utility Joe sold gold coins for $1000 that he bought a year ago for $1000. He says, "At least I didn't lose any money on my financial investment." His economist friend points out that in effect he did lose money, because he could have received a 3 percent return on the $1000 if he had bought a bank certificate ...

Econ 248 UPDATED Exam Questions and CORRECT Answers The Heckscher-Ohlin theory predicts that trade between similar industrialized countries should - Correct ANSWER- be rather limited in volume. Scale economies are said to be present when - Correct ANSWER- an increase in output leads to a decrease in average cost. Internal scale economies occur when - Correct ANSWER- expansion of output by a firm leads to greater specialization of labor.

Macro Study Notes ECON 248 Macroeconomics Athabasca University 2024

ECON 248 Assignment 2 (version A) Athabasca University

ECON 248 V9 Quiz 1 QUESTION AND ANSWER 96.67 out of 100.00 (JAN) Athabasca University

ECON 248 V9 Quiz 2 (96.67 out of 100.00) JAN Athabasca University

ECON 248 V9 Quiz 3 100.00 out of 100.00 JAN FINAL Athabasca University

ECON248 V9 QUIZ 4 90.00 OUT OF 100.00 ALL DONE QUESTIONS AND ANSWERS ATHABASCA UNIVERSITY

ECON 248 V9 Quiz 5 (Question and answers) 90.00 out of 100.00 Athabasca University