ECON 202 FINAL Sarah skinner
Complete Questions with correct
Answers
A negative or indirect relationship between X&Y means that
A.) as X increases, Y decreases
B.) as X decreases, Y increases
C.) as X decreases, Y decreases
D.) (A) & (B)
E.) (B) & (C) - correct answer-✅D.
In Economics, capital refers to:
A.) stocks and bonds
B.)any manufactured aid in production
C.)machinery and equipment
D.)all of above
E.)(B) & (C) - correct answer-✅B
If an economy devotes all of its resource to production of notepads, then they will produce
A.) 70 notepads, 0 lamps
B.)0 notepads, 40 lamps
C.)35 notepads, 20 lamps
D.)70 notepads, 40 lamps - correct answer-✅A
Wages are paid to _______and interest is paid to ________.
A.)labor; land
B.)entrepreneurs; land
C.)labor; entrpreneurs
D.)entrpreneurs; captial
E.)labor; capital - correct answer-✅E
Which of the following scenarios will decrease the demand of the good in question?
A.)a increase in income if the good is inferior
B.)price of a complementary good decrease
C.)price of substitute increase
D.)price of good in ? Increase
E.)all of above increase demand - correct answer-✅A
An example of capital good?
A.)insurance policy
B.)satelitte communication system
C.)hair cut
D.)slice of pizza
E.)business profit - correct answer-✅B
The law of demand says__and___are____relate
A.)demand,supply,inverse
B.)demand,price,directly
C.)demand,price,inverse
D.)price, QD, directly
Complete Questions with correct
Answers
A negative or indirect relationship between X&Y means that
A.) as X increases, Y decreases
B.) as X decreases, Y increases
C.) as X decreases, Y decreases
D.) (A) & (B)
E.) (B) & (C) - correct answer-✅D.
In Economics, capital refers to:
A.) stocks and bonds
B.)any manufactured aid in production
C.)machinery and equipment
D.)all of above
E.)(B) & (C) - correct answer-✅B
If an economy devotes all of its resource to production of notepads, then they will produce
A.) 70 notepads, 0 lamps
B.)0 notepads, 40 lamps
C.)35 notepads, 20 lamps
D.)70 notepads, 40 lamps - correct answer-✅A
Wages are paid to _______and interest is paid to ________.
A.)labor; land
B.)entrepreneurs; land
C.)labor; entrpreneurs
D.)entrpreneurs; captial
E.)labor; capital - correct answer-✅E
Which of the following scenarios will decrease the demand of the good in question?
A.)a increase in income if the good is inferior
B.)price of a complementary good decrease
C.)price of substitute increase
D.)price of good in ? Increase
E.)all of above increase demand - correct answer-✅A
An example of capital good?
A.)insurance policy
B.)satelitte communication system
C.)hair cut
D.)slice of pizza
E.)business profit - correct answer-✅B
The law of demand says__and___are____relate
A.)demand,supply,inverse
B.)demand,price,directly
C.)demand,price,inverse
D.)price, QD, directly
