Econ 102 quiz Study guides, Class notes & Summaries
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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 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).
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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 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 1, Quiz 2, Quiz 3, quiz 4, quiz 5 & Quiz 6 LATEST (UPDATED) QUESTIONS AND ANSWERS.
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Econ 102 quiz 1, Quiz 2, Quiz 3, quiz 4, quiz 5 & Quiz 6 LATEST (UPDATED) QUESTIONS AND ANSWERS.
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Econ 102 quiz 1 ALL ANSWERS 100% CORRECT SPRING FALL-2022 SOLUTION GUARANTEED GRADE A+
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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 nation's economy as a whole. 
 
B.	microeconomic...
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ECON102 Quiz 2 Questions and Answers 2023 with complete solution
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ECON102 Quiz 2 Questions and Answers 2023 with complete solution
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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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ECON102 Quiz 5 Questions and Answers 2023
- Exam (elaborations) • 6 pages • 2023
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ECON102 Quiz 5 Questions and Answers 2023