ECON 1002H

This document is a collection of notes based on various lectures, presentations, and online resources. I have divided each section by chapters and included diagrams and examples.

Economics 2100 (formerly Economics 10.1) Lecture Notes Note that Economics 2100 was formerly known as Economics 10.1 This document contains lecture notes for many of the topics to be covered this term. I encourage you to review this material as the term progresses. The contents of this file are provided below. Chapter 1 - Production Possibility Frontier, Opportunity Cost, and Marginal Opportunity Cost Chapter 2 - Shifts in Demand/Supply vs. Movements along these Curves Chapter 3 - Elast...

Economics 2100 (formerly Economics 10.1) Lecture Notes Note that Economics 2100 was formerly known as Economics 10.1 This document contains lecture notes for many of the topics to be covered this term. I encourage you to review this material as the term progresses. The contents of this file are provided below. Chapter 1 - Production Possibility Frontier, Opportunity Cost, and Marginal Opportunity Cost Chapter 2 - Shifts in Demand/Supply vs. Movements along these Curves Chapter 3 - Elast...

Baruch College, ECON 1002H Microeconomics - Practice questions 2

ECON 1002H-Microeconomics - Practice questions 2 3. As depicted in _________________________________, it is necessary to give up some of one good to gain more of the other good. A. the production possibilities frontier B. allocative efficiency C. scarcity D. utility Answer: A 7. Why is there scarcity? A. Because the opportunity set determines this. B. Because theory dictates it. C. Because our unlimited wants exceed our limited resources D. Because human wants are limited. Figure ...