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University of North Carolina — ECON 101 Principles of Economics — Final Exam 150+ Practice Questions with Answers & Rationales
University of North Carolina — ECON 101 Principles
University of North Carolina — ECON 101 Principles
COURSE TOPICS COVERED Topic Description Foundations of Economics Scarcity, opportunity cost, marginal analysis, incentives, trade-offs Supply & Demand Law of demand/supply, market equilibrium, shifts, price controls Elasticity Price elasticity of demand/supply, income elasticity, cross-price elasticity Consumer & Producer Surplus Welfare analysis, efficiency, deadweight loss Production & Costs Short-run and long-run costs, economies of scale Market Structures Perfect competition, monopoly...
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