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EC250 Final Exam Study Guide 2025 | Intermediate Microeconomics Practice Questions

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Ace your EC250 Intermediate Microeconomics final. Get accurate and verified practice questions covering consumer behavior, theory of the firm, market structures, and game theory for the newest 2025 exam.

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Uploaded on
December 5, 2025
Number of pages
154
Written in
2025/2026
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The EC250 Final Exam Includes Accurate And
Verified Questions Covering Intermediate
Microeconomic Concepts Such As Consumer
Behavior, Production And Cost Theory, Market
Structures, Game Theory, And Welfare
Economics. Ideal For University-Level Economi




A factorial design involves..
A)manipulating two or more independent variables
B)an ability to specify the overall effect of an
independent variable(or factor)
C)having a single dependent measure. - ....ANSWER
....✔✔ all of the above


In a factorial design, a main effect is the effect of
the......variable by itself
A)independent
C) dependent - ....ANSWER ....✔✔ independent


"Do you think it is important to reduce the amount of
money spent on road and park improvements?"

,2|Page



a)simplistic
b)double barreled - ....ANSWER ....✔✔ double
barreled


a researcher wants to gather information on citizens'
feelings about the building of a new airport in their
neighborhood.she distributes a survey to the citizens and
analyzes the data. The type of data gathering would
best be referred to as?
a)quantitative
b)qualitative - ....ANSWER ....✔✔ quantitative


With random sampling techniques, each member of the
population has an... probability of being sampled.
a)haphazard
b)specific - ....ANSWER ....✔✔ specific


the only one equal sampling is - ....ANSWER ....✔✔
sample random sampling


a researcher investigates the effect of weather on
college students' study habits. on sunny day, the
researcher sat outside the student center and recorded

,3|Page



the number of minutes of study per student. What is the
crucial element missing in this design?
A) control group
b)independent variable - ....ANSWER ....✔✔ a control
group


at the beginning of the term, researchers measured the
attitudes of students taking a class in cross-cultural
communication. the attitudes of an equivalent number of
students who were not taking the course also were
measured. at the end of the term, all of the subjects
attitudes were measured again. this is an example of
a...... design?
a)latin squares
b)pretest- posttest, natural control group - ....ANSWER
....✔✔ pretest-posttest, natural control group


regression toward the mean refers to the fact that
a)extreme scores tend to change toward the less
extreme mean.
B)statistic are useful tools for research - ....ANSWER
....✔✔ extreme scores tend to change toward the less
extreme mean

, 4|Page



any naturally occurring change within the individual that
has an effect on the dependent variable is referred to
as a...... effect
a)testing
b) maturation - ....ANSWER ....✔✔ maturation


a psychologist is interested in which of two sorting
techniques leads to better memory performance in 6
year olds. each participant first sorts a set of pictures
any way he or she would like. recall is then tested. after
this, each participant is required to sort an equivalant
set of pictures into five predetermined categories. recall
for the item in this test is then tested. what procedure
does this study represent.
a)within subjects design
b)combined assignment - ....ANSWER ....✔✔ within
subjects design


wendy examines newspaper articles to explore whether
female political candidates refer to family members
more often than male candidates. this study is an
example of a(n)
a)field experiment
b)archival research - ....ANSWER ....✔✔ archival
research
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