Econ 102 quiz 2 - Study guides, Class notes & Summaries

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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS

  • Exam (elaborations) • 13 pages • 2024
  • 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 legal agreement to buy or se...
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS

  • Exam (elaborations) • 13 pages • 2024
  • 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...
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS

  • Exam (elaborations) • 15 pages • 2024
  • 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)...
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Econ 102 quiz 2
  • Econ 102 quiz 2

  • Exam (elaborations) • 6 pages • 2024
  • Econ 102 quiz 2 Question 1 of 10 10.0/ 10.0 Points Business cycles are A. movements in stock prices. B. the transfer of executives between firms. C. used to describe fluctuations in GDP. D. a description of the time required to bring a new product to market. Answer Key: C Question 2 of 10 10.0/ 10.0 Points Economists define the unemployed as individuals who are A. not currently working. B. not currently working but are actively looking for work. C. working but looking for a different job. D. wor...
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
  • ECON 102 QUIZ 2 QUESTIONS AND ANSWERS

  • Exam (elaborations) • 13 pages • 2024
  • 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...
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Econ 102 quiz 2 (ANSWERED)
  • Econ 102 quiz 2 (ANSWERED)

  • Exam (elaborations) • 8 pages • 2024
  • 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 ...
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Econ 102 quiz 4
  • Econ 102 quiz 4

  • Exam (elaborations) • 6 pages • 2024
  • 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...
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Econ 102 Quiz 3 UPDATED Actual Exam  Questions and CORRECT Answers
  • Econ 102 Quiz 3 UPDATED Actual Exam Questions and CORRECT Answers

  • Exam (elaborations) • 3 pages • 2024
  • Available in package deal
  • Econ 102 Quiz 3 UPDATED Actual Exam Questions and CORRECT Answers Conditions of a perfectly competitive market - CORRECT ANSWER- 1. No buyer or seller is big enough to impact price 2. Sellers produce identical goods 3. Entry and exit is free in the market 3 Problems Sellers Have - CORRECT ANSWER- 1. How to produce 2. What is the cost of making the product 3. How much profit can the seller make in the marke
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ECON 102 Quiz 7 Answers (Penn State  University) Latest Update 2023 Questions  and Answers 100% Correct Highly  Recommended Download to Score A
  • ECON 102 Quiz 7 Answers (Penn State University) Latest Update 2023 Questions and Answers 100% Correct Highly Recommended Download to Score A

  • Exam (elaborations) • 8 pages • 2023
  • Available in package deal
  • ECON 102 Quiz 7 Answers (Penn State University) Latest Update 2023 Questions and Answers 100% Correct Highly Recommended Download to Score A Question 1 1 / 1 pts Which of the following markets is the closest to being perfectly competitive? Question 2 0 / 1 pts When we say that a firm is a "price taker", we mean that
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