Econ 102 quiz 3 Study guides, Class notes & Summaries
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![Econ 102 quiz 1 ALL ANSWERS 100% CORRECT SPRING FALL-2022 SOLUTION GUARANTEED GRADE A+](/docpics/62c3473ee9902_1830690.jpg)
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Econ 102 quiz 1 ALL ANSWERS 100% CORRECT SPRING FALL-2022 SOLUTION GUARANTEED GRADE A+
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Question 1 of 10 10.0/ 10.0 Points Economics is best defined as the study of 
A.	financial decision-making 
 
B.	how consumers make purchasing decisions. 
 
C.	choices made by people faced with scarcity. 
 
D.	inflation, unemployment, and economic growth Answer Key: C 
 
Question 2 of 10 10.0/ 10.0 Points Macroeconomics differs from microeconomics in that 
A.	macroeconomics is the study of individual markets, while microeconomics deals with the nation's economy as a whole. 
 
B.	microeconomic...
![Econ 102 quiz 2](/docpics/61ca3bd7588bc_1460766.jpg)
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Econ 102 quiz 2
- Exam (elaborations) • 5 pages • 2021
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Econ 102 quiz 2 
Question 1 of 10 10.0/ 10.0 Points 
Business cycles are 
A. movements in stock prices. 
 
B. the transfer of executives between firms. 
 
C. used to describe fluctuations in GDP. 
 
D. a description of the time required to bring a new product to market. 
Answer Key: C 
Question 2 of 10 10.0/ 10.0 Points 
Economists define the unemployed as individuals who are 
 A. not currently working. 
 
 B. not currently working but are actively looking for work. 
 
 C. working but looking fo...
![ECON 102 QUIZ 2 QUESTIONS AND ANSWERS.](/docpics/61a7aefef2b36_1418433.jpg)
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS.
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS. Macroeconomics considers ________ and microeconomics considers 
________Correct! 
 economywide phenomena; choices of individuals 
Question 2 
0.5 / 0.5 pts 
Dr. Dave’s economics students are creating models explaining gasoline price changes. 
Minjun's model has realistic assumptions and is very complex. Ava's model is less 
complicated and less realistic. Minjun's model correctly predicts gas price increases 
25% of the time. Anna's model predicts cor...
![ECON 102 quiz 1 10 10.0/ 10.0 Points](/docpics/61ca3b25e770f_1460761.jpg)
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ECON 102 quiz 1 10 10.0/ 10.0 Points
- Exam (elaborations) • 5 pages • 2021
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Econ 102 quiz 1 
Question 1 of 10 10.0/ 10.0 Points 
Economics is best defined as the study of 
 A. financial decision-making 
 
 B. how consumers make purchasing decisions. 
 
 C. choices made by people faced with scarcity. 
 
 D. inflation, unemployment, and economic growth 
Answer Key: C 
Question 2 of 10 10.0/ 10.0 Points 
Macroeconomics differs from microeconomics in that 
A. macroeconomics is the study of individual markets, while microeconomics deals with the 
nation's economy as a whole...
![ECON 102 QUIZ 1 QUESTIONS AND ANSWERS](/docpics/61a33cdfe8a42_1412740.jpg)
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS 
1. What is the primary goal of financial management? A) Increased earnings B) Maximizing cash flow C) Maximizing shareholder wealth D) Minimizing risk of the firm 2. The partnership form of organization A) avoids the double taxation of earnings and dividends found in the corporate form of organization. B) usually provides limited liability to the partners. C) has unlimited life. D) simplifies decision making. 3. Increased productivity due to technology has ...
![Econ 102 quiz 4](/docpics/61a7afb62c93d_1418440.jpg)
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Econ 102 quiz 4
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Econ 102 quiz 4. The supply of money in the U.S. economy is determined primarily by 
A. decisions made by the Federal Reserve and the U.S. Treasury. 
 
B. the actions of the Federal Reserve and the banking system. 
 
C. consumers and the banking system. 
 
 D. the demand for money in the economy. 
Answer Key: B 
Question 2 of 10 10.0/ 10.0 Points 
One of the essential functions that a bank performs is 
A. purchasing government bonds. 
 
B. creating deposits by lending required reserves. 
 
C. tr...
![Econ 102 quiz 2 with answers](/docpics/6252d426eb33a_1667604.jpg)
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Econ 102 quiz 2 with answers
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Econ 102 quiz 2 with answers.Econ 102 quiz 2 
Question 1 of 10 10.0/ 10.0 Points 
Business cycles are 
A. movements in stock prices. 
 
B. the transfer of executives between firms. 
 
C. used to describe fluctuations in GDP. 
 
D. a description of the time required to bring a new product to market. 
Answer Key: C 
Question 2 of 10 10.0/ 10.0 Points 
Economists define the unemployed as individuals who are 
 A. not currently working. 
 
 B. not currently working but are actively looking for work. ...
![ECON 102 QUIZ 1 QUESTIONS AND ANSWERS](/docpics/61e5aae56b195_1501155.jpg)
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
- Exam (elaborations) • 9 pages • 2022
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS 
1. What is the primary goal of financial management? 
A) Increased earnings 
B) Maximizing cash flow 
C) Maximizing shareholder wealth 
D) Minimizing risk of the firm 
2. The partnership form of organization 
A) avoids the double taxation of earnings and dividends found in the corporate form of 
organization. 
B) usually provides limited liability to the partners. 
C) has unlimited life. 
D) simplifies decision making. 
3. Increased productivity ...
![ECON 102 QUIZ 1](/docpics/61a7b19b09697_1418462.jpg)
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ECON 102 QUIZ 1
- Exam (elaborations) • 4 pages • 2021
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ECON 102 QUIZ 1. Economics is best defined as the study of 
 A.financial decision-making 
 B.how consumers make purchasing decisions. 
 
Correct C.choices made by people faced with scarcity. 
 
 D.inflation, unemployment, and economic growth 
Answer Key: C 
Question 2 of 10 10.0/ 10.0 Points 
Macroeconomics differs from microeconomics in that 
 A.macroeconomics is the study of individual markets, while microeconomics 
deals with the nation's economy as a whole. 
Correct B.microeconomics is the ...
![ECON 102 QUIZ 1 QUESTIONS AND ANSWERS.](/docpics/61a79b92b19a3_1418293.jpg)
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS.
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS. GDP is defined as 
a. the market value of all goods and services produced within a country in a given period of 
time. 
b. the market value of all goods and services produced by the citizens of a country, 
regardless of where they are living in a given period of time. 
c. the market value of all final goods and services produced within a country in a given 
period of time. 
d. the market value of all final goods and services produced by the citizens of a co...
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