Ppf Guías de estudio, Notas de estudios & Resúmenes
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Test Bank For International Macroeconomics 4th Edition By Robert C. Feenstra, Alan M. Taylor | Complete All Chapters 2023-2024
- Examen • 100 páginas • 2023
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Test Bank For International Macroeconomics 4th Edition By Robert C. Feenstra, Alan M. Taylor | Complete All Chapters . Which of the following is NOT a reason why countries trade goods with one another? 
A) differences in technology used in different countries 
B) differences in countries' total amount of resources 
C) the proximity of countries to one another 
D) differences in countries' languages and cultures 
2. David Ricardo's model explains trade based on: 
A) labor supply. 
B) technolo...
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ECO 2023 Exam 1 || All Correct.
- Examen • 5 páginas • 2024
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Scarcity correct answers unlimited wants but limited resources 
 
what is produced? correct answers economic question "what" 
 
How will goods and services be produced? correct answers economic question "how" 
 
Who will get the goods and services? correct answers economic question "who" 
 
Traditional approach correct answers do what we have always done. Inflexible 
 
Command approach correct answers government dictates what to produce 
 
market-based approach correct answers let prices, ...
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BSNS 113 Final Exam Revision Questions and Answers 100% Pass
- Examen • 13 páginas • 2023
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BSNS 113 Final Exam Revision Questions and Answers 100% Pass 
"Economy-wide phenomena including inflation, unemployment and economic growth" is what type of economics? Macroeconomics 
"The study of how house holds and firms make decisions and how they interact in markets" is what type of economics? Microeconomics 
What is Positive Analysis? A statement describing how something is 
What is Normative Analysis? A statement describing how something should be 
Which of the following is most likel...
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ECON EXAM 1 ANSWERS 100% CORRECT 2023-24
- Examen • 8 páginas • 2023
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ECON EXAM 1 ANSWERS 100% CORRECT 2023-24 
 
 
You are looking at the market (supply and demand) for hot dog buns. You see in the paper that the price of hot dogs has increased significantly. As a result, in the market for hot dog buns we would expect to see... - ANSWER-Demand shift left, producing a lower equilibrium price, and higher equilibrium quantity 
 
Consider these three headlines... 
I. Microsoft Lowers the Price of Windows 10 
II. U.S. Economy Enters Recession 
III. Mergers in the Bank...
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ECN 211 - EXAM 1 2024 WITH 100% CORRECT ANSWERS
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Utility - correct answer Pleasure or satisfaction obtained from consuming a good or service 
 
Economizing Problem - correct answer Wants exceed means 
 
Economizing Problem - correct answer Limited resources vs. unlimited wants 
 
Individuals Economizing Problem - correct answer Budget Line 
 
Society's Economizing Problem - correct answer Production Possibilities Frontier (PPF): 
 
Factors of production - correct answer the resources the economy uses to produce goods & services, i...
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ECN 211 ASU Final Exam Marburger Questions And Answers
- Examen • 7 páginas • 2023
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ECN 211 ASU Final Exam Marburger Questions And Answers 
The Circular Flow Diagram - ANS Green arrows represent the flow of money and red represents to flow of goods/services 
 
Production possibilities Frontier/ Curve PPF: PPC - ANS The curve shows what is possible within an economy 
D- impossible 
A&B - feasible efficient 
C - feasible & inefficient 
 
PPF shifts out when... - ANS the economy can produce more of everything 
 
Opportunity Cost - ANS the cost of what you give up to g...
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ECO 2023 final exam questions || A Verified A+ Pass.
- Examen • 5 páginas • 2024
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a combination of goods on a given PPF is correct answers Both obtainable and Efficient 
 
For a normal good, if INCOME goes UP, what happens to supply? Demand? correct answers Demand shifts right and the supply remains unchanged 
 
For an inferior good, if INCOME goes UP, what happens to supply? Demand? correct answers Demand shifts left and the supply remains unchanged 
 
bananas and oranges are perfect substitutes. If the PRICE of bananas goes UP, what happens to the demand for oranges? the Su...
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Health Economics Exam 1 2023 with 100% correct answers
- Examen • 8 páginas • 2023
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What is health economics? correct answersApplication of various micro-economic tools to health issues and problems. Promotes a better understanding of health care problems so that corrective health policies can be designed and proposed. 
 
Health care resources correct answersMedical supplies (latex gloves), Personnel (Physicians, lab assistants), Capital inputs (hospitals), 
 
How does economics apply to health care? correct answersUncertainty: Patient Status, are we healthy or unhealthy? Do we...
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Chapter 2: Thinking Like an Economist Summary LATEST UPDATE 2024 EDITION AID GRADE A+
- Resumen • 3 páginas • 2024
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There are _ Roles an _ plays 
2, Economist 
Economist Role #1: 
As a Scientist 
Economist Role #2: 
As a Policy Advisor 
How is an Economist and a Scientist alike? 
They work together to EXPLAIN the world. 
How is an Economist and a Policy Advisor alike? 
They work together to IMPROVE the world. 
What method do both Economists and Scientists use to explain the World? 
The Scientific Method; through Observation, Theory and more Observation. 
What are Assumptions? 
Statements that help simplify th...
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Econ 101 Umich Exam 2 Caldwell Questions & Answers 2023/2024
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Econ 101 Umich Exam 2 Caldwell Questions & Answers 2023/2024 
 
 
comparative advantage - ANSWER-when one producer can produce a good at a lower opportunity cost than another producer 
-reason for specialization 
 
absolute advantage - ANSWER-when one producer can produce more of a good than another producer in a certain period of time 
 
Production Possibility Frontier - ANSWER-represents the possible combinations of goods that an economy can produce in a certain period of time 
 
specilaizatio...