Econ 102 quiz 2 Study guides, Class notes & Summaries

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Econ 102 quiz 4 Popular
  • Econ 102 quiz 4

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  • Econ 102 quiz 4 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 bonds. B. creating deposits by...
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Econ 102 quiz 3 2022 Popular
  • Econ 102 quiz 3 2022

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  • Econ 102 quiz 3 Question 1 of 10 10.0/ 10.0 Points Which of the following is a problem with the price system that can lead to a breakdown in the coordination of economic activity? A. The price system works silently in the background. B. Prices can be slow to adjust. C. Prices may be flexible. D. all of the above Answer Key: B Question 2 of 10 10.0/ 10.0 Points If prices are sticky A. economic activity will be coordinated efficiently. B. economic activity will not be coo...
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS.
  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS.

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  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS. 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. C. working but looking for a different ...
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Econ 102 quiz 5
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  • Econ 102 quiz 5. 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 A. capital augmentation. B. investment deepening. C. labo...
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS

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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS

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  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS 25. When using the economic order quantity model A) ordering costs increase as the level of inventory increases. B) carrying costs decrease as the level of inventory increases. C) costs are minimized when total carrying costs and total ordering costs are equal. D) none of the above Difficulty: Medium Type: Conceptual 26. Hedging A) is a way to protect your accounts receivable position. B) increases risk. C) is a legal agreement to buy or se...
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
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  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS 25. When using the economic order quantity model A) ordering costs increase as the level of inventory increases. B) carrying costs decrease as the level of inventory increases. C) costs are minimized when total carrying costs and total ordering costs are equal. D) none of the above Difficulty: Medium Type: Conceptual 26. Hedging A) is a way to protect your accounts receivable position. B) increases risk. C) is a legal agreement to buy or sell a financial fu...
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
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  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS When using the economic order quantity model A) ordering costs increase as the level of inventory increases. B) carrying costs decrease as the level of inventory increases. C) costs are minimized when total carrying costs and total ordering costs are equal. D) none of the above Difficulty: Medium Type: Conceptual 26. Hedging A) is a way to protect your accounts receivable position. B) increases risk. C) is a legal agreement to buy or sell a...
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ECON 102 Quiz 2 Answers
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  • ECON 102 Quiz 2 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. Anna's model...
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ECON 102 Quiz 2  Questions And Answers.
  • 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 2 QUESTIONS AND ANSWERS
  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS

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  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS 25. When using the economic order quantity model A) ordering costs increase as the level of inventory increases. B) carrying costs decrease as the level of inventory increases. C) costs are minimized when total carrying costs and total ordering costs are equal. D) none of the above Difficulty: Medium Type: Conceptual 26. Hedging A) is a way to protect your accounts receivable position. B) increases risk. C) is a legal agreement to buy or se...
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