Economics ques - Study guides, Class notes & Summaries

2 © OCR 2023 SECTION A Write your answer for each question in the box provided. 1 The claimant count measure of unemployment will include A all individuals receiving jobseeker’s allowance B all individuals who are looking for a job C all individuals without a job D only individuals able to start work immediately Your answer [1] 2 What is most likely to cause frictional unemployment? A A delay in workers being able to start new jobs B A high level of occupational mobility C A perm...

WGU C211 Global Economics for Managers Questions and Answers

Because of scarcity, every economic decision involves ~~> a trade off Ryan spends an hour studying instead of going for a bike ride. Assume studying and bike riding were Ryan's only options for that hour. The opportunity cost to him of studying is ~~> the enjoyment and exercise he would have received from bike riding Which of the following is a false statement about absolute and comparative advantage? ~~> It is possible for one country to have the comparative advantag...

WGU C211 OA Global Economics Quizzes (2024) Questions & Answers 100% Correct

AQA 2024 A-level ECONOMICS Paper 3 Economic Principles and Issues Question paper and Mark scheme Merged

MGEB11H3 Quantitative Methods in Economics I |Victor Yu Midterm study tips questions and answers University of Toronto Part I. Multiple Choice. 3 marks in each question. No part mark. Circle only one answer. If there are more than one correct answer, circle the best one. 1. A company has developed a new battery and wants to estimate its average lifetime. A random sample of 500 batteries is tested and the average lifetime of this sample is found to be 225 hours. Which one of the following ...

Globalization can be viewed as: - ️️1. a new force sweeping through the world in recent times. 2. a long-run historical evolution since the dawn of human history. 3. a pendulum that swings from one extreme to another from time to time. Which are the three views of globalization? - ️️A recent force, a long-running evolution, and a pendulum An import quota is: - ️️restriction on the quantity of imports that can be brought into a country. Examples of nontariff trade barrier (NTB...

WGU D089 Principles of Economics Questions and Answers 100% Pass Absolute Advantage The capability to produce more of a given product using less of a given resource than a competing entity Absolute Quota Strictly limiting the quantity of goods that may enter a country Accounting Profit Total revenues minus explicit costs, including depreciation Acquisition When one firm purchases another Ad Valorem Tariffs Import tax based on a fixed percentage of the assessed commercial value of imported g...

WGU - D089 - Principles of Economics Questions and Answers Rated A+ How are Positive and Normative economics different from each other? Positive economics clearly states and economic issue, and normative economics provides the value-based solution for the issue. What are factors of production? The resources the economy has available to produce goods and services How can Labor's contribution to an economy's output of goods and services be increased? By increasing either the quantity of labor ...

Edexcel A-level Economics Paper 1 2024/2025 questions and correct answers Economics - answer The study of the allocation of scarce resources. Economic Goods - answer Resources that are scarce. Short Run - answer A time period where at least one factor of production is fixed. Long Run - answer A time period where all factors of production are variable. Productivity - answer The output per unit of input. The Economic Problem - answer Resources are scarce but wants are infinite. Sca...