Econ 101 - Study guides, Class notes & Summaries
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Econ 101 - Final Exam 2023 GRADED A LATEST VERSION 2OO QUESTIONS AND ANSWERS
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Econ 101 - Final Exam 2023 GRADED A 
LATEST VERSION 2OO QUESTIONS 
AND ANSWERS 
Which of the following statements correctly identifies a reason why low inflation can 
have a positive benefit to the economy? 
A) 
Inflation increases consumer demand which is necessary for combating 
slowdowns. 
B) Inflation increases consumer confidence, which is an absolute necessity to 
counteract business cycles. 
C)Inflation reduces money costs and hence stimulates an economy during slowdowns. 
D) Infla...
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American Military University ECON 101: ECON 101 Tests 1-3.
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American Military University ECON 101: ECON 101 Tests 1-3. 
 
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. 
 
 
 
 
 
Question 2 
 
 
microeconomics. 
 
 
 
10 / 10 
points 
 
When we are forced to make choices we are facing the concept of: Question options: 
ceteris paribus. free goods. 
 
 
 
 
Question 3 
 
the margin. 
 
 
10 / 10 
points 
 
An econo...
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Econ 101 - Part 1 - Corey Van der Waal - University of Waterloo Question And Answers 2023
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Econ 101 - Part 1 - Corey Van der Waal - University of Waterloo Question And Answers 2023
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Final Exam Econ 101 2023
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Final Exam Econ 101 2023
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Final Exam Econ 101 2023
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Final Exam Econ 101 2023 
What behavior does the phenomenon known as comparative advantage encourage? 
specialization in production 
The government has been trying to encourage the use of fuel-efficient cars. One way it does this is by 
allowing fuel-efficient cars to use a separate highway lane. This separate lane encourages people to use 
fuel-efficient cars because 
those who place a high value on their scarce time may be encouraged to buy a fuel-efficient car to take 
advantage of the sep...
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Econ 101 - Final Exam 2023 GRADED A LATEST VERSION 2OO QUESTIONS AND ANSWERS
- Exam (elaborations) • 15 pages • 2023
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Econ 101 - Final Exam 2023 GRADED A 
LATEST VERSION 2OO QUESTIONS 
AND ANSWERS 
Which of the following statements correctly identifies a reason why low inflation can 
have a positive benefit to the economy? 
A) 
Inflation increases consumer demand which is necessary for combating 
slowdowns. 
B) Inflation increases consumer confidence, which is an absolute necessity to 
counteract business cycles. 
C)Inflation reduces money costs and hence stimulates an economy during slowdowns. 
D) Infla...
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Econ 101 umich Exam 1 Questions & Answers 2023/2024
- Exam (elaborations) • 7 pages • 2023
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Econ 101 umich Exam 1 Questions & Answers 2023/2024 
 
 
Positive Economics - ANSWER-What is 
 
Normative Economics - ANSWER-What ought to be 
 
4 Keys of Good Decision-Making - ANSWER-1) Cost-benefit 
2) Opportunity cost 
3) Marginal principle 
4) Connectedness principle 
 
Cost-benefit - ANSWER-evaluate full set of cost and benefits, then pursue benefit that is at least as large as the cost 
 
Consumer Surplus - ANSWER-difference between willingness to pay and the price 
 
Producer Surplus - A...
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Final Exam Econ 101 2023 What behavior does the phenomenon known as comparative advantage encourage
- Exam (elaborations) • 16 pages • 2023
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Final Exam Econ 101 2023 
What behavior does the phenomenon known as comparative advantage encourage? 
specialization in production 
The government has been trying to encourage the use of fuel-efficient cars. One way it does this is by 
allowing fuel-efficient cars to use a separate highway lane. This separate lane encourages people to use 
fuel-efficient cars because 
those who place a high value on their scarce time may be encouraged to buy a fuel-efficient car to take 
advantage of the sep...
-
ECON 101 FINAL EXAM PRACTICE QUESTIONS And ANSWERS 2023
- Exam (elaborations) • 25 pages • 2023
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ECON 101 FINAL EXAM PRACTICE QUESTIONS And ANSWERS 2023
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Econ 101 csulb midterm questions and answers already passed 2024
- Exam (elaborations) • 10 pages • 2024
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Econ 101 csulb midterm questions and answers already passed 2024
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