Econ 1002h Study guides, Class notes & Summaries

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...

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.

ECON 1002HMicroeconomics - Practice questions 2 ECON 1002HMicroeconomics - Practice questions 2 ECON 1002HMicroeconomics - Practice questions 2 ECON 1002HMicroeconomics - Practice questions 2 ECON 1002HMicroeconomics - Practice questions 2 ECON 1002HMicroeconomics - Practice questions 2 ECON 1002HMicroeconomics - Practice questions 2

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 ...

16. A severe freeze has once again damaged the Florida orange crop. The impact on the market for orange juice will be a rightward shift of: micro

ECON 1002HMicroeconomics Practice questions 3

ECON 1002HMicroeconomics Practice Questions

ECON 1002HMicroeconomics - 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 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. ...