Econ 102 quiz 4 Study guides, Class notes & Summaries

ECON 102 QUIZ 5 Question 1 of 10 Technological progress occurs when the economy gets more output Question 2 of 10 If a firm increases its use of capital while holding constant the number of workers employed, the firm is said to experience Question 3 of 10 Increases in net investment generally result in Question 4 of 10 Nations that borrow from abroad to support current investment will Question 5 of 10 Nations that borrow from abroad to support current consumption Question 6 of 10 Trade deficit...

ECON 102 QUIZ 2 Question 1 of 10 10.0/ 10.0 Points Business cycles are Question 2 of 10 Economists define the unemployed as individuals who are Question 3 of 10 Economists define the labor force to include Question 4 of 10 People who want to work but have stopped looking for work because they could not find jobs after actively searching are called Question 5 of 10 Unemployment that naturally occurs during the normal workings of an economy as people change jobs and move across the country is cal...

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...

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 pro...

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 pro...

ECON 102 QUIZ Chapter 1-3 Latest 2023. Microeconomics: is the basis for the "after this, therefore because of this" fallacy. is not concerned with details, but only with the overall big picture of the economy. is concerned with individual economic units and specific markets. describes the aggregate flows of output and income. 4. Normative statements are concerned primarily with: facts and theories. what ought to be. what is. rational choice involving costs and benefits 5. A positive ...

ECON 102 Quiz 3 Answers (Penn State University) Question 1 The price of a hamburger at a fast food restaurant increases from $2.30 to $3.50. The law of demand predicts that Question 2 Which of the following are the best examples of complements? Question 3 In the above figure, a decrease in the price of a complement for a product is represented by Question 4 The law of supply states that Question 5 Each of the following would cause a decrease in the supply of corn EXCEPT Question 6 In the ab...

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 tech...

ECON 102 Quiz 2 Answers (Penn State University) Question 1 Mark can produce 50 baseballs in a month and Katie can produce 60 baseballs in a month. Also, Mark can produce 40 bats in a month and Katie can produce 30 bats in a month. What is Mark’s opportunity cost of producing 20 bats? Question 2 Mark can produce 50 baseballs in a month and Katie can produce 60 baseballs in a month. Also, Mark can produce 40 bats in a month and Katie can produce 30 bats in a month. What is Katie’s opportunity...

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 ...