Econ 101 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Econ 101? On this page you'll find 384 study documents about Econ 101.
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ECON 101 Week 1 Quiz Winter 2024 Already passed;AMU
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ECON 101 Week 1 Quiz Winter 2024 Already passed;AMU 
 
 
Question 1	10 / 10 points 
The branch of economics that examines the impact of choices on aggregates in the economy is: 
 
 positive economics. normative economics. macroeconomics. 
microeconomics. 
 
Question 2	10 / 10 points 
When we are forced to make choices we are facing the concept of: 
 
 ceteris paribus. free goods. 
 scarcity. the margin. 
 
Question 310 / 10 points 
 
An economic system is the set of rules that define 	a...
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ECON 101 FINAL EXAM PRACTICE QUESTIONS AND ANSWERS | UPDATED 2024/25ECON 101 FINAL EXAM PRACTICE QUESTIONS AND ANSWERS | UPDATED 2024/25
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ECON 101 FINAL EXAM PRACTICE QUESTIONS AND ANSWERS | UPDATED 2024/25
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American Military University ECON 101: ECON 101 Tests 1-3.
- Exam (elaborations) • 13 pages • 2023
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Question 1 10 / 10 points 
The branch of economics that examines the impact of choices on aggregates in the economy is: 
Question options: 
positive economics. 
normative economics. 
macroeconomics. 
microeconomics. 
Question 
2 
10 / 10 
points 
When we are forced to make choices we are facing the concept of: Question options: 
ceteris paribus. 
free goods. 
scarcity. 
the margin. 
Question 
3 
10 / 10 
points 
An economic system is the set of rules that define _______ and _______ . Question op...
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ECON 101 Week 2 Quiz Winter 2024 Already passed;AMU
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ECON 101 Week 2 Quiz Winter 2024 Already passed;AMU 
 
 
 
 
Question 1	10 / 10 points 
A shift of a demand curve to the right, all other things unchanged, will: 
 
 	 . 
 decrease equilibrium price and quantity. decrease quantity and increase price. 
increase quantity and decrease price. 
 
 
Question 2	10 / 10 points 
If the current price is above the equilibrium price, we would expect: 
 
 quantity demanded to exceed quantity supplied. upward pressure on price. 
no change in the mar...
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ECON 101 Week 6 Quiz Winter 2024 Already passed;AMU
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ECON 101 Week 6 Quiz Winter 2024 Already passed;AMU 
 
Question 1	10 / 10 points 
Perfect competition is characterized by: 
 
 rivalry in advertising. 
 fierce quality competition. 
 the inability of any one firm to influence price. widely recognized brands. 
 
Question 2	10 / 10 points 
An industry that contains a firm that is the only producer of a good or service for which there are no close substitutes and for which entry by potential rivals is prohibitively difficult is: 
 
 a duopo...
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Econ 101 csulb midterm correctly answered rated A+
- Exam (elaborations) • 10 pages • 2024
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Econ 101 csulb midtermA good - correct answer anything that gives a person utility or satisfaction 
either tangible or intangible 
 
A bad - correct answer gives person disutility or dissatisfaction 
 
4 Resources - correct answer 1. Land 
2. Labor 
3. Capital 
4. Entrepreneurship 
 
land - correct answer all natural resources used to produce goods and services 
 
Labor - correct answer consists of the physical and mental talents that people contribute to the production process 
 
Capital - corr...
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ECON 101 Basic Life Support for Healthcare Providers
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2011 Basic Life Support for Healthcare Providers 
Written Test 
Introduction The 2011 Basic Life Support for Healthcare Provider Course includes both 
skills tests and written tests. The written test measures the mastery of 
cognitive skills. The 2011 written test must be used with the 2011course 
materials, ie, student manuals, course videos, and instructor manuals. 
Administering 
the written tests 
This closed-book test must be completed individually by each student. To 
receive a course comp...
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ECON 101 Week 7 Quiz Winter 2024 Already passed;AMU
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ECON 101 Week 7 Quiz Winter 2024 Already passed;AMU 
 
 
 
Week 7 Quiz (Chapter 11) - Results 
 
Attempt 1 of 1 
 
Written Apr 26, 2024 9:53 AM - Apr 26, 2024 10:13 AM 
 
 
Attempt Score 100 / 100 - 100 % 
Overall Grade (Highest Attempt) 100 / 100 - 100 % 
 
 
 
 
Question 1	10 / 10 points 
Monopolistic competition is an industry characterized by a: 
 
small number of firms producing identical products, with barriers to entry for firms. 
small number of firms producing similar products, with rel...
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ECON 101 Week 3 Quiz Winter 2024 Already passed;AMU
- Exam (elaborations) • 5 pages • 2024
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ECON 101 Week 3 Quiz Winter 2024 Already passed;AMU 
 
Question 1	10 / 10 points 
Demand is price inelastic if: 
 
 the price of the good responds slightly to a quantity change. 
 the demand curve shifts very little when a demand shifter changes. the percentage change in quantity demanded is relatively small in response to a relatively large percentage change in price. 
all of the above are true. 
 
 
Question 2	10 / 10 points 
If the absolute value of price elasticity is greater than 1, thi...
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Econ 101 Final 2022 Questions and answers latest update
- Exam (elaborations) • 37 pages • 2024
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Econ 101 Final 2022 Questions and answers latest update
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