Econ 201 actual questions Study guides, Class notes & Summaries
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AFST 201 Final—Kefentse Actual Questions with Correct Answers 2024 Update 100% Solved
- Exam (elaborations) • 5 pages • 2024
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AFST 201 Final—Kefentse Actual 
Questions with Correct Answers 2024 
Update 100% Solved 
Egypt social structure top to bottom: 
King 
Elites 
Warriors 
Merchants and craftsmen 
Farmers 
West of Nile Sahara 
North of Nile Mediterranean Sea 
East of Nile Mountains 
South of Nile Natural barriers (caracts) 
Trade from Egypt to Mesopotamia Developed wealthy elite class, econ and political systems 
King Menes United upper and lower Egypt 
Ma'at 42 principles "I have not" 
Ma'at Goddess of tru...
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Econ 201 Actual Questions With Complete Solutions
- Exam (elaborations) • 5 pages • 2023
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- $9.29
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Econ 201 Actual Questions With Complete Solutions 
 
First Welfare Theorem - ANSWER -Perfectly Competitive Market (All goods sold are somewhat equal; at equal prices) 
-No externalities 
-Pareto Efficient 
 
Collusion - ANSWER The event that occurs when agents in a game form an agreement about strategies to implement 
 
Payoff Matrix - ANSWER A visual representation of a game showing all possible strategies for each player/all potential outcomes and payoffs 
 
Prisoners ...
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