Econ 102 quiz 4 Study guides, Class notes & Summaries
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Econ 102 QUIZ 1-8
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ECON 102 Quiz 8 Study Guide with Answers

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ECON 102 Quiz 7

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Econ 102 quiz 6

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ECON 102 Quiz 5 Study Guide with Answers

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Econ 102 quiz 4

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Econ 102 quiz 3

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Econ 102 quiz 2

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ECON 10
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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 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 1 QUESTIONS AND ANSWERS
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS 
1. What is the primary goal of financial management? A) Increased earnings B) Maximizing cash flow C) Maximizing shareholder wealth D) Minimizing risk of the firm 2. The partnership form of organization A) avoids the double taxation of earnings and dividends found in the corporate form of organization. B) usually provides limited liability to the partners. C) has unlimited life. D) simplifies decision making. 3. Increased productivity due to technology has ...
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ECON 102 Quiz 3
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ECON 102 Quiz 3. 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” is given by $2,000 / 0.04 = $50,000 
2) Ac...
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Econ 102 quiz 2 with answers
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Econ 102 quiz 2 with answers.Econ 102 quiz 2 
Question 1 of 10 10.0/ 10.0 Points 
Business cycles are 
A. movements in stock prices. 
 
B. the transfer of executives between firms. 
 
C. used to describe fluctuations in GDP. 
 
D. a description of the time required to bring a new product to market. 
Answer Key: C 
Question 2 of 10 10.0/ 10.0 Points 
Economists define the unemployed as individuals who are 
 A. not currently working. 
 
 B. not currently working but are actively looking for work. ...
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ECON 102 QUIZ 1
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ECON 102 QUIZ 1. 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 economy as a whole. 
Correct B.microeconomics is the ...
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS.
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS. GDP is defined as 
a. the market value of all goods and services produced within a country in a given period of 
time. 
b. the market value of all goods and services produced by the citizens of a country, 
regardless of where they are living in a given period of time. 
c. the market value of all final goods and services produced within a country in a given 
period of time. 
d. the market value of all final goods and services produced by the citizens of a co...
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS 
1. What is the primary goal of financial management? 
A) Increased earnings 
B) Maximizing cash flow 
C) Maximizing shareholder wealth 
D) Minimizing risk of the firm 
2. The partnership form of organization 
A) avoids the double taxation of earnings and dividends found in the corporate form of 
organization. 
B) usually provides limited liability to the partners. 
C) has unlimited life. 
D) simplifies decision making. 
3. Increased productivity ...
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