Econ 2105 - Study guides, Class notes & Summaries

Which of the following statements demonstrates that economic agents respond to incentives? Consumers rent more DVDs from a video store that rents DVD's at a lower price than other rival video stores in the area. AND Department stores take steps to increase security since they believe it is more costly to allow shoplifting than to install expensive monitoring equipment. Holding all other personal characteristics-- such as age, gender, and income-- constant economists would expect that...

Classnotes and summaries of each chapter with examples and Graphs

all final goods and services produced for the marketplace during a given year within a nation's borders. Gross domestic product (GDP) is the total value of the average price level over time. An inflation rate is a continuous increase of The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will increase over time. If real GDP in the United States is growing at an annual rate of 3.2% per capita and Bolivia's real GDP per capita i...

It is a collection of chapter summaries of econ 2105(principles of macroeconomics) taken in spring 2023 with Dr. Lenny Stendig.

ECON 2105 Exam 1 Study Guide- Georgia Institute Of Technology/ECON 2105 Exam 1 Study Guide- Georgia Institute Of Technology

Exam (elaborations) ECON 2105 (ECON 2105) ECON FINAL EXAM REVIEW-University Of Georgia

1. Alexander has a straight-line, or linear, production possibility frontier when he produces soybeans and corn. If he uses all of his resources to grow soybeans, he can produce 200 bushels of soybeans; if he uses all of his resources for corn production, he can produce 400 bushels of corn. Which of the following combinations of corn and soybeans are not possible for him to produce? A) 200 bushels of soybeans and zero bushels of corn X B) 600 bushels of corn and 200 bushels of soybeans C) 400 bu...

ECON+2105+Final+Exam+Fall+2014-VA_with+answer+key

1. Alexander has a straight-line, or linear, production possibility frontier when he produces soybeans and corn. If he uses all of his resources to grow soybeans, he can produce 200 bushels of soybeans; if he uses all of his resources for corn production, he can produce 400 bushels of corn. Which of the following combinations of corn and soybeans are not possible for him to produce? A) 200 bushels of soybeans and zero bushels of corn X B) 600 bushels of corn and 200 bushels of soybeans C) 400 bu...

ECON+2105+Final+Exam+Fall+2014-VA_with+answer+key