Econ final ex - Study guides, Class notes & Summaries

Econ Final Exam (Answered) 2023/2024 (T/F) The budgeting process starts with monitoring current spending False (T/F) Most short-term goals are based on activities over the next two or three years False (T/F) A common long-term goal may involve saving for college for parents of a newborn child True (T/F) Rent is considered a fixed expense True (T/F) Flexible expenses stay about the same each month False The final phase of the budgeting process is to: A) set personal and financial go...

ECON FINAL EXAM 2023,GRADED A+ Refer to Figure 3.19. The market is initially in equilibrium at Point A. If supply shifts from S1 to S2 and the price of cheeseburgers remains constant at $5.00, there will be An Excess demand of 6 cheeseburgers Refer to Figure 3.19. The market is initially in equilibrium at Point A. If supply shifts from S1 to S2, the new equilibrium price will be ________ and the new equilibrium quantity will be ________. 7.00$ When Hurricane Andrew passed through Louisian...

NAEMT Instructor Preparation Course, Second Edition Final Exam Questions & Correct Answers What is the minimum number of GEMS courses an instructor must teach to maintain his or her instructor status? - ANSWER : 1 course per edition Which Bloom's Taxonomy of Educational Objectives level is the ability to assemble terms or facts, memorize material, and recall information? - ANSWER : Knowledge A university hospital is looking for a course that it can offer to local EMS provide...

ECON FINAL EXAM PREDICTION QUESTIONS. William Poole believes economics should be taught in schools because students will learn how economics helps achieve dreams. why economics is a good career choice. how to make good decisions within an economy. why studying a global economy is important. - CORRECT ANSWER how to make good decisions within an economy. What are some reasons for studying economics? Check all that apply. Economics has an impact on everyday life. Economics helps p...

Econ Final Exam (Answered) 2023/2024 (T/F) The budgeting process starts with monitoring current spending False (T/F) Most short-term goals are based on activities over the next two or three years False (T/F) A common long-term goal may involve saving for college for parents of a newborn child True (T/F) Rent is considered a fixed expense True (T/F) Flexible expenses stay about the same each month False The final phase of the budgeting process is to: A) set personal and financial go...

Which of the following is an example of using physical capital to save time and money? - answer-Building extra space in a factory to simplify production. Every decision involves tradeoffs because what? - answer-Everyone's resources are limited Production possibilities curve shows the relationship between the production of... - answer-Any two categories of goods An economy that is producing the maximum amount of goods and services is considered... - answer-Efficient A music store hol...

The functional distribution of income shows that most income in the US is earned through which of the productive resources? - correct answer LABOR Which one of the following is the payment for capital? - correct answer INTEREST If capital and labor are compliments, then - correct answer An increase in the quantity of capital will be accompanied by an increase in the for labor Which of the following productive resources often has a fixed supply? - correct answer LAND Which of the foll...

Econ Final Exam Review: Nisha Aroskar Questions and Answer 100% Pass What is economics? -Answer-Science of making choices, science of scarcity What is scarcity? -Answer-Limited resources to satisfy unlimited human wants What are the factors of production and their rewards? -Answer-Land = rent Labor = wages Capital = interest Entrepreneur = profit What is opportunity cost? -Answer-The value of the next best alternative given up What is Production Possibilities Frontier? -Answer-Graph tha...

Which of the following is an example of using physical capital to save time and money? - correct answer Building extra space in a factory to simplify production. Every decision involves tradeoffs because what? - correct answer Everyone's resources are limited Production possibilities curve shows the relationship between the production of... - correct answer Any two categories of goods An economy that is producing the maximum amount of goods and services is considered... - correct answe...

Kendra knows someone who suffers from overeating, frequent consumption of alcohol, and gambling. What disorder does Kendra's friend most likely have? - Impulse disorder Isabelle has been forgetting a lot of things lately, and her friends and family have been angry with her. Today, she feels as if she's going to do something wrong no matter how hard she tries. She has decided to play it safe and stay indoors, even though there are many things she would like to go do with her friends. What ...