Econmics Study guides, Study notes & Summaries

Pearson Edexcel GCE A Level In Econmics A (9EC0) Paper 01 Market and Business BehaviourMark Scheme (Results) Summer 2023

economics is the study of what? correct answers Scarcity what are the 4 components of economics? correct answers land, labor, capitol, entrep. skill land and natural resources are equivalent to what? is this infinite correct answers supply, no it is finite skill to innovate profit maxing situations and scenarios correct answers entreprenurial 18th century moral philosopher who was "father of economics" correct answers Adam Smith what was Adam Smith's concept in his greatest wor...

Which of the following is why the long run average cost curve must lie at the same level or below any short run average cost curve? Because of economies of scale Because of the law of diminishing returns Because in the long run, a firm will generally operate at higher per-unit cost than in the short run Because in the long run, all production costs are variable CONCEPT 8/17/2020 Sophia :: Welcome Long-Run Supply Curve 2 Which of the following market structures has only one seller, who ...

You passed this Milestone 23 questions were answered correctly. 1 Which of the following is the reason the United States had been opposed to the idea of central banks in the past?  It was easier to make money trading currency using the old banking methods.  The value of currency was uncertain.  The risk of runs and panics was still too high.  The British central bank had exerted control over the colonies. CONCEPT History of the Central Bank 2 If the MPC is 0.5 and the...

Which of the following is the reason the United States had been opposed to the idea of central banks in the past?  It was easier to make money trading currency using the old banking methods.  The value of currency was uncertain.  The risk of runs and panics was still too high.  The British central bank had exerted control over the colonies. CONCEPT History of the Central Bank 2 If the MPC is 0.5 and the government increases spending by $250 billion, which of the followi...

ECO 351 FINAL EXAM MICRO ECONMICS 2021 QUUESTIONS WITH ANSWERS

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Sophia Microeconmics Unit 3 Milestone 3 S

Sophia Microeconmics Unit 3 Milestone 3 S

Sophia Macroeconmics Unit 3 M