Econ102 - Study guides, Class notes & Summaries

ECON102 EXAM #3 QUESTIONS AND ANSWERS 100% SOLVED Explicit costs: A. measure the opportunity costs of the business owners. B. are always fixed in the short run. C. measure the payments made to the firm's factors of production. D. are always variable in the short run. ️️C. measure the payments made to the firm's factors of production. If you were to start your own business, your implicit costs would include: A. rent that you have paid in advance for use of a building. B. the opp...

ECON102 QUIZ 2 UPDATED Actual Exam Questions and CORRECT Answers FOMC - CORRECT ANSWER- is part of the Federal Reserve System discount rate. - CORRECT ANSWER- is the interest rate charged by the Federal Reserve Banks when lending to banks

ECON102 Exam Questions with 100% Correct Answers Government purchases include all of the following EXCEPT: -The construction of a new courthouse built by the state government - The salary paid to a high school teacher employed by a local public school catchment - welfare benefits paid by the federal government -The purchase of new military hardware by the Australian Defense Force - welfare benefits paid by the federal government Real GDP measures the _______________ of production. -. C...

ECON102 Quiz 2 Questions and Answers 2023 with complete solution

ECON102 Quiz 5 Questions and Answers 2023

1) Which of the following is a macroeconomic issue? A) the effect of increasing the money supply on inflation B) the hiring decisions that a business makes C) the purchasing decisions that an individual consumer makes D) the effect of an increase in the tax on cigarettes on cigarette sales 2) Joy is training to become a chef. The skills she is obtaining from her training and education will increase Joy's ________. A) human capital B) entrepreneurship C) physical capital D) None of the above a...

ECON102 MID TERM EXAM BEST QUESTIONS WITH ANSWERS GRADED A+ 2022 UPDATE

Condensed notes of all material covered in ECON102A. Great tool to review for exams and/or to actually use on open-note exams. Select topics include: probability trees, Venn diagrams, probability modeling, normal distributions, Poisson distributions, binomial distributions, central limit theorem, hypothesis testing, confidence intervals. Also applicable to STATS116 and/or CS109.

ECON102 Quiz 2 Questions and Answers 2023 with complete solution