Econ 101 midterm - Study guides, Class notes & Summaries

ECON 101 Midterm Exam 2024 Fully Scored 100%;AMU Midterm - Results Attempt 1 of 1 Written Mar 26, 2024 2:10 PM - Mar 26, 2024 2:20 PM Attempt Score 100 / 100 - 100 % Overall Grade (Highest Attempt) 100 / 100 - 100 % Question 1 7 / 7 points Economics is the study of: increasing the level of productive resources so there is maximum output in society. increasing the level of productive resources so there is a minimum level of income. the efficient use of scarce r...

Econ 101 Midterm ACTUAL Exam Questions and CORRECT Answers Each of the following news items involves a what, how, or for whom question. 1. Today, most stores use computers to keep their inventory records, whereas 20 years ago most stores used paper records. 2. Health-care professionals and drug companies recommend that Medicaid drug rebates be made available to everyone in need. 3. An increase in the gas tax pays for low-cost public transit. - CORRECT ANSWER Item #1 answers that ____...

Econ 101 Midterm Correct Answers Latest Update

Econ 101 Midterm 1 Correct Answers Latest Update

ECON 101 MIDTERM EXAM 2024/2025 VERIFIED QUESTIONS AND ANSWERS GRADED A+(SOLVED)

what is economics? - Answer study of how a society manages its scarce resources resources - Answer input, factors of production economy's resources - Answer 1. labor 2. capital 3. natural resources 4. entrepreneurial ability labor - Answer physical capital (machines, buildings, roads) capital - Answer human capital (education, knowledge) scarcity - Answer nobody can have everything they want macroeconomics - Answer how to utilize these resources to better th...

The branch of economics that examines the impact of choices on aggregates in the economy is: A. positive economics. B. normative economics. C. macroeconomics. D. microeconomics. Answer Key: C Question 2 of 10 10.0 Points

Econ 101 csulb midterm Question and answers 100% correct 2024 Econ 101 csulb midterm A 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 talent...