Econ 102 quiz - Study guides, Class notes & Summaries

ECON 102 QUIZ 2 QUESTIONS AND ANSWERS 25. When using the economic order quantity model A) ordering costs increase as the level of inventory increases. B) carrying costs decrease as the level of inventory increases. C) costs are minimized when total carrying costs and total ordering costs are equal. D) none of the above Difficulty: Medium Type: Conceptual 26. Hedging A) is a way to protect your accounts receivable position. B) increases risk. C) is a lega...

ECON 102 Quiz 3 Answers (Penn State University) Latest Update 2023 Questions and Answers 100% Correct Highly Recommended Download to Score A

ECON 102 Quiz 6 Answers (Penn State University)Latest Update 2023 Questions and Answers 100% Correct Highly Recommended Download to Score A Question 1 1 / 1 pts Select the answer below that corresponds to the idea of a derived demand curve. Question 2 0 / 1 pts A profit maximizing firm that has labor as the only variable factor of production has a demand curve that is

ECON 102 QUIZ Chapter 1-3 Latest 2023. The study of economics is primarily concerned with: keeping private businesses from losing money. demonstrating that capitalistic economies are superior to socialistic economies. choices that are made in seeking the best use of resources. determining the most equitable distribution of society's output. 2. The saying that "there is no free lunch" means that: there are always trade-offs between economic goals. all production involves the use of scar...

ECON 102 QUIZ Chapter 1-3 Latest 2023. Which of the following will shift the production possibilities curve to the right? An increase in the unemployment rate from 6 to 8 percent. A decline in the efficiency with which the present labor force is allocated. A decrease in the unemployment rate from 8 to 6 percent. A technological advance that allows farmers to produce more output from given inputs. 9. A market: reflects upsloping demand and downsloping supply curves. entails the exchange of...

Econ 102 quiz 4 Question 1 of 10 10.0/ 10.0 Points The supply of money in the U.S. economy is determined primarily by A. decisions made by the Federal Reserve and the U.S. Treasury. B. the actions of the Federal Reserve and the banking system. C. consumers and the banking system. D. the demand for money in the economy. Answer Key: B Question 2 of 10 10.0/ 10.0 Points One of the essential functions that a bank performs is A. purchasing government bonds. B. creating deposits by lending required re...

Econ 102 quiz 5.

ECON 102 QUIZ 1 QUESTIONS AND ANSWERS 1. What is the primary goal of financial management? A) Increased earnings B) Maximizing cash flow C) Maximizing shareholder wealth D) Minimizing risk of the firm 2. The partnership form of organization A) avoids the double taxation of earnings and dividends found in the corporate form of organization. B) usually provides limited liability to the partners. C) has unlimited life. D) simplifies decision making. 3. Increased pro...

ECON 102 QUIZ 1 QUESTIONS AND ANSWERS 1. What is the primary goal of financial management? A) Increased earnings B) Maximizing cash flow C) Maximizing shareholder wealth D) Minimizing risk of the firm 2. The partnership form of organization A) avoids the double taxation of earnings and dividends found in the corporate form of organization. B) usually provides limited liability to the partners. C) has unlimited life. D) simplifies decision making. 3. Increased pro...

Which of the following are most likely classified by economists as consumer durable goods? -food, clothing -drugs, toys, magazines, books -automobiles, furniture -stocks, bonds- ANSWER automobiles, furniture _________ is calculated by taking _________ and then subtracting the value of how much physical capital is worn out, or reduced in value because of aging, over the course of a year. -GNP; NNP -NNP; GNP -GDP; NNP -NNP; GDP- ANSWER NNP; GNP Which of the following ...