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ECON 101 DSM 1 - 4 EXAMS PACKAGE
ECON 101 DSM 1 - 4 EXAMS PACKAGE
[Show more]ECON 101 DSM 1 - 4 EXAMS PACKAGE
[Show more]ECON 101 DSM 1 Exam - Questions and Answers What is the name given to the development of a new good? Invention Economics: is concerned with how people respond to incentives _______ goods and services are those bought by businesses to be used to increase efficiency or enhance production Capital The...
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Add to cartECON 101 DSM 1 Exam - Questions and Answers What is the name given to the development of a new good? Invention Economics: is concerned with how people respond to incentives _______ goods and services are those bought by businesses to be used to increase efficiency or enhance production Capital The...
ECON 101 DSM 2 Exam - Questions and Answers Contracts, insurance, patents, and accounting rules are: inventions that make the market work better The principle of increasing marginal opportunity cost states that the more resources are devoted to any activity, the ________ the payoff to devoting add...
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Add to cartECON 101 DSM 2 Exam - Questions and Answers Contracts, insurance, patents, and accounting rules are: inventions that make the market work better The principle of increasing marginal opportunity cost states that the more resources are devoted to any activity, the ________ the payoff to devoting add...
ECON 101 DSM 3 Exam - Questions and Answers Given linear demand curves, if demand and supply increase by identical amounts, then: the equilibrium price stays the same and the equilibrium quantity rises If the demand curve remains the same, and the supply curve shifts left, then: When supply decrea...
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Add to cartECON 101 DSM 3 Exam - Questions and Answers Given linear demand curves, if demand and supply increase by identical amounts, then: the equilibrium price stays the same and the equilibrium quantity rises If the demand curve remains the same, and the supply curve shifts left, then: When supply decrea...
ECON 101 DSM 4 Exam - Questions and Answers Black Markets may arise if: price ceilings exist Some people believe that there should be a legally determined minimum price for farm products such as milk. A limit on the price of milk would be an example of: a milk price floor Prolonged agricultural su...
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Add to cartECON 101 DSM 4 Exam - Questions and Answers Black Markets may arise if: price ceilings exist Some people believe that there should be a legally determined minimum price for farm products such as milk. A limit on the price of milk would be an example of: a milk price floor Prolonged agricultural su...
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