Econ 213 - Study guides, Class notes & Summaries

business cyclesAlternating increases and decreases in economic activity that are typically punctuated by periods of recession and recovery. yield curveShows the relationship between the interest rate earned on a bond (measured on the vertical axis) and the length of time until the bond's maturity date (shown on the horizontal axis). circular flow diagramIllustrates how households and firms interact through product and resource markets and shows that economic aggregates can be determin...

English Assessment Math Assessment Liberty University UNIV 104 Math Assessment Part 1 Part 2 complete solutions correct answers key Part 1 pg. 2 Part 2 pg. 41 PART 1 Question 1 Question 2 84 is 30% of what number? Selected Answer: 280 Question 3 The Smiths spend 15% of their monthly income on utilities. Their income in May was $3500. How much did they spend on utilities in May? Selected Answer: $525.00 Question 4 Selected Answer: 75 Question 5 Selected Answer: 9 Q...

A FEASIBILITY STUDY OF ESTABLISHING A BANANA CHIPS PROCESSING CENTER IN BARANGAY SAN RAFAEL, DULAG, LEYTE JENNILYN N. ISIO 2020 A FEASIBILITY STUDY OF ESTABLISHING A BANANA CHIPS PROCESSING CENTER IN BARANGAY SAN RAFAEL, DULAG, LEYTE JENNILYN N. ISIO INTRODUCTION Fruit crops are permanent crops that are wild and cultivated mainly from trees, shrubs, subshrubs, perennial undershrub, and lianas that bear fleshy and...

ECON 213 Problem Set ch. 5 Liberty University

ECON 213 (Principles of Microeconomics) – Quiz Five Foundations of Economics – 30 out of 30 points Questions 1. Actions and activities are discouraged with which type of incentive? 2. In economics, choices are necessary because of the presence of: 3. What is the indirect incentive in the unemployment insurance program? 4. The government controls for many indirect incentives in safety net social program by: 5. Economists believe that optimal decisions are made up to the point where: 6....

ECONOMICS 213 Quiz Answers|ECONOMICS 213 Quiz Answers

ECON 213 Latest Study Guide Chapter 12 1. If a local California avocado stand operates in a perfectly competitive market, that stand owner will be a: A. price-maker. B. price-taker. C. price-discriminator. D. price-maximizer. Answer: B 2. If all firms in an industry are price-takers, then: A. each firm can sell at the price it wants to charge, provided it is not too different from the prices other firms are charging. B. each firm takes the market price as given for its current outp...

1. Points, Grades, and Levels Drag the labels below to fill in the blanks. (Hint: You saw most of this information on the introductory screen when you first started the activity. To view that screen again, click the gear icon in the top right-hand corner and select “Instructor Activity Introduction” from the drop-down menu.) Drag word(s) below to fill in the blank(s) in the passage. • You score points in InQuizitive by answering . • You determine how many points you can ga...

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Liberty University ECON 213 Quiz 7 · Question 1 2 out of 2 points A carbon tax would be an efficient method of addressing the problem of global warming because: · Question 2 0 out of 2 points When a negative externality is not internalized, then the equilibrium price of the good produced is too __________ and the equilibrium quantity produced is too __________. · Question 3 2 out of 2 points The government identifies a situation where production of a good is generating a negative ...