Econ 105 Study guides, Class notes & Summaries

ECON 105 CH2 SAPLING study guide 2023.Suppose the following represents the Canadian production possibilities frontier for two of its most important exports: maple syrup and tree logs (in millions) POINT H: below the PPF POINT M: on the PPF POINT Y: above the PPF-Answer POINT H: is possible, not efficient POINT M: is possible and efficient POINT Y: is not possible and is unobtainable, unless international trade occurs Why is the shape of the PPF often curved instead of straight?-Answer...

ECON 210 - Module 1 Quiz. Questions and Answers. Question 1 4 / 4 pts If an economist says, "the higher the price of oranges, the fewer oranges individuals will buy, ceteris paribus," this means that as the price of oranges rises, individuals' preferences do not change, nor does anything else, but individuals buy fewer oranges in response to the higher price of oranges. individuals don't like high-priced oranges. as the price of oranges rises, individuals' preferences change, and they no lo...

ECON 705 Mod. 6 Self-Assessment Test with Solutions 1. The ability of a firm to raise its price while still maintaining a certain amount of sales means that the firm Select one: a. produces a complementary good. b. faces perfectly elastic demand for its product. c. produces a perfect substitute for the other products in the industry. 2. All of the following could be a barrier to entry except Select one: a. large economies of scale. b. occupational licenses (e.g., teac...

Microsoft Dynamics 365 Fundamentals (CRM) MB-910 Practice Test

Microsoft Dynamics 365 Fundamentals (CRM) MB-910 Practice Test

Table of Contents ABOUT TJC 9 Board of Trustees................................................................................ 9 Accreditation........................................................................................ 9 TJC Mission Statement...................................................................... 9 TJC Vision Statement......................................................................... 9 TJC Civility Statement...................................................

AQA A-Level History: Henry VII 1. Definition: Usurper A person who takes power by force/illegally, usually through conquest (e.g. Richard III) 2. Why did many think Henry had a weak claim (three reasons)? - Was a 'bastard'; came from illegitimate child (Margaret born before marriage). - Edmund Tudor descended from a chamber servant. - Descent from John of Gaunt was through maternal line. 3. What was Henry Tudor's claim to the throne? John of Gaunt (Lancaster) had chil...

1. where do cities come from hunter gather cultures -the invention of agriculture =sedentary, need for fixed address 2. from settlements -surplus production = ability to store to cities -trade w/ communities of surplus production -specialization created after non farming specialization occurred bc of surplus -distribution of property & by-ways -opportunities for way of life, occupation, wealth accumu- lation =storage possible= threat of theft= need for domestic scurity = rise of...

ECON 1050 MILESTONE 3 QUESTIONS WITH CORRECT ANSWERS ECON 1050 MILESTONE 3 QUESTIONS WITH CORRECT ANSWERS ECON 1050 MILESTONE 3 QUESTIONS WITH CORRECT ANSWERS