Voordeelbundel
ECONOMICS Test Bank #1 : Approved Study Set
Ace Your Tests with Genuine Study Sets And Exams. 100% Guaranteed A+
[Meer zien]Ace Your Tests with Genuine Study Sets And Exams. 100% Guaranteed A+
[Meer zien]International Economics Exam Study Set 
100% Correct Answers 
absolute advantage *Ans* Where a country is able to produce more output than other 
countries using the same input of factors of production. 
administrative barriers (in the context of trade) *Ans* Any administrative requirement 
that ...
Voorbeeld 2 van de 7 pagina's
In winkelwagenInternational Economics Exam Study Set 
100% Correct Answers 
absolute advantage *Ans* Where a country is able to produce more output than other 
countries using the same input of factors of production. 
administrative barriers (in the context of trade) *Ans* Any administrative requirement 
that ...
Edexcel A-Level Economics A: 
Definitions Exam Guide |Graded A+| 
100% Correct Answers 
Absolute advantage *Ans* When a country's output of a product per unit of input is 
greater than that of any other country. 
Absolute poverty *Ans* When a person does not have the income or wealth to fulfil the...
Voorbeeld 3 van de 24 pagina's
In winkelwagenEdexcel A-Level Economics A: 
Definitions Exam Guide |Graded A+| 
100% Correct Answers 
Absolute advantage *Ans* When a country's output of a product per unit of input is 
greater than that of any other country. 
Absolute poverty *Ans* When a person does not have the income or wealth to fulfil the...
ECON-100 Exam Study Set [100% 
Correct Answers] 
What is economics? *Ans* A study of how people make choices to achieve goals with 
resource constraints. 
What is meant by "the invisible hand?" *Ans* The "invisible hand" means that the 
division of labor and exchange occur naturally among peo...
Voorbeeld 4 van de 32 pagina's
In winkelwagenECON-100 Exam Study Set [100% 
Correct Answers] 
What is economics? *Ans* A study of how people make choices to achieve goals with 
resource constraints. 
What is meant by "the invisible hand?" *Ans* The "invisible hand" means that the 
division of labor and exchange occur naturally among peo...
IB Economics Diagrams for Exam Prep 
|UPDATED| 
Negative Externalities 
The government will increase MPC to match MSC. 
Effects of indirect taxes on consumer and producer surplus 
Market Demand 
Movement on curve vs. shift of curve (demand/supply same concept) 
Market supply 
Market equilibrium 
Co...
Voorbeeld 2 van de 8 pagina's
In winkelwagenIB Economics Diagrams for Exam Prep 
|UPDATED| 
Negative Externalities 
The government will increase MPC to match MSC. 
Effects of indirect taxes on consumer and producer surplus 
Market Demand 
Movement on curve vs. shift of curve (demand/supply same concept) 
Market supply 
Market equilibrium 
Co...
Latest Economics Exam Prep |Updated| 
100% Correct Answers 
Any item that can be traded for goods or services *Ans* Money 
Anything that has value that can be touched *Ans* Goods 
Job done for money *Ans* Services 
When there is too much money and it becomes worthless *Ans* Inflation 
The way goods ...
Voorbeeld 1 van de 4 pagina's
In winkelwagenLatest Economics Exam Prep |Updated| 
100% Correct Answers 
Any item that can be traded for goods or services *Ans* Money 
Anything that has value that can be touched *Ans* Goods 
Job done for money *Ans* Services 
When there is too much money and it becomes worthless *Ans* Inflation 
The way goods ...
Economics GDP Practice Exam 
Questions 100% Correct 
Gross Domestic Product *Ans* -The total market value of all final goods and services 
produced within the borders of a country during one year 
-A basic measure of a country's output and income 
real GDP *Ans* -adjusted for inflation and price ...
Voorbeeld 2 van de 5 pagina's
In winkelwagenEconomics GDP Practice Exam 
Questions 100% Correct 
Gross Domestic Product *Ans* -The total market value of all final goods and services 
produced within the borders of a country during one year 
-A basic measure of a country's output and income 
real GDP *Ans* -adjusted for inflation and price ...
The Three Questions of Economics 
Exam Question |UPDATED| 
The three questions of economics best help in making decisions about __________. 
*Ans* Production 
Which of the following best illustrates the importance of addressing the three questions of 
economics? 
People's desires and needs are al...
Voorbeeld 2 van de 7 pagina's
In winkelwagenThe Three Questions of Economics 
Exam Question |UPDATED| 
The three questions of economics best help in making decisions about __________. 
*Ans* Production 
Which of the following best illustrates the importance of addressing the three questions of 
economics? 
People's desires and needs are al...
|UPDATED| Economics Final Exam 
Review 100% Correct 
Economics *Ans* the study of how people seek to satisfy their needs and wants by 
making choices 
Horizontal Merger *Ans* the combination of two or more firms competing in the same 
market with the same good or service 
Vertical Merger *Ans* the...
Voorbeeld 2 van de 9 pagina's
In winkelwagen|UPDATED| Economics Final Exam 
Review 100% Correct 
Economics *Ans* the study of how people seek to satisfy their needs and wants by 
making choices 
Horizontal Merger *Ans* the combination of two or more firms competing in the same 
market with the same good or service 
Vertical Merger *Ans* the...
CIE A level Economics Practice Test 
|100% Correct Answers| LATEST 
Economic problem *Ans* limited resources and unlimited wants 
marginal cost *Ans* the increase in total cost that arises from an extra unit of 
production 
Ceteris parabus *Ans* All this held consant 
Opportunity Cost *Ans* The co...
Voorbeeld 2 van de 11 pagina's
In winkelwagenCIE A level Economics Practice Test 
|100% Correct Answers| LATEST 
Economic problem *Ans* limited resources and unlimited wants 
marginal cost *Ans* the increase in total cost that arises from an extra unit of 
production 
Ceteris parabus *Ans* All this held consant 
Opportunity Cost *Ans* The co...
Economics 101 Exam Study Set |100% 
Correct Answers| 
economics *Ans* the study of how people make choices under conditions of scarcity and 
of the results of those choices for society 
rational person *Ans* someone with well-defined goals who tries to fulfill those goals as 
best as he or she can...
Voorbeeld 3 van de 18 pagina's
In winkelwagenEconomics 101 Exam Study Set |100% 
Correct Answers| 
economics *Ans* the study of how people make choices under conditions of scarcity and 
of the results of those choices for society 
rational person *Ans* someone with well-defined goals who tries to fulfill those goals as 
best as he or she can...
Understanding Economics Exam Review 
|Latest| UPDATED 
economics *Ans* the study of how people satisfy seemingly unlimited wants with limited 
resources 
macroeconomics *Ans* the study of economics on a large scale 
microeconomics *Ans* the study of economics on a small scale 
need *Ans* anything ...
Voorbeeld 3 van de 18 pagina's
In winkelwagenUnderstanding Economics Exam Review 
|Latest| UPDATED 
economics *Ans* the study of how people satisfy seemingly unlimited wants with limited 
resources 
macroeconomics *Ans* the study of economics on a large scale 
microeconomics *Ans* the study of economics on a small scale 
need *Ans* anything ...
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper CourseTutor. Stuvia faciliteert de betaling aan de verkoper.
Nee, je koopt alleen deze samenvatting voor €17,90. Je zit daarna nergens aan vast.
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 99283 samenvattingen verkocht
Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen