Econ 102 quiz 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 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...

Which of the following are most likely classified by economists as consumer durable goods? -food, clothing -drugs, toys, magazines, books -automobiles, furniture -stocks, bonds- ANSWER automobiles, furniture _________ is calculated by taking _________ and then subtracting the value of how much physical capital is worn out, or reduced in value because of aging, over the course of a year. -GNP; NNP -NNP; GNP -GDP; NNP -NNP; GDP- ANSWER NNP; GNP Which of the following ...

Question 1 of 10 Economics is best defined as the study of Question 2 of 10 Macroeconomics differs from microeconomics in that Question 3 of 10 Gross domestic product calculations count only final goods and services because Question 4 of 10 Gross investment is Question 5 of 10 Depreciation is Question 6 of 10 Transfer payments are excluded from government purchases in GDP accounting because Question 7 of 10 A trade surplus occurs when Question 8 of 10 A firm's value added can be measured as th...

macroeconomics - Correct Answer -study of an entire economy -less theoretical than micro -more empirical -aka business economics two main goals of macroeconomics - Correct Answer -measure the health of the overall economy -fix problems when they arise three macroeconomic goals that all countries have - Correct Answer -consistent economic growth (GDP) -low unemployment -stable prices (low inflation) GDP - Correct Answer -the dollar value of all final goods and services produce...

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...

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...

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...

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...