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Econ 201- Exam Two Questions and Correct Answers | Latest Update
- Exam (elaborations)
- • 16 pages •
ECO213 Midterm Review TFC Questions and Correct Answers | Latest Update
Every economy must answer each of the following questions except one. Which is the 
exception? 
a) Which goods will be produced? 
b) Why are these particular goods produced? 
c) Which resources should be used? 
d) Who will actually consume the goods produced? 
e) How should resources be combined to produce each product? 
 b) Why are these particular goods produced? 
One disadvantage of a sole proprietorship as a form of business organization is that __ 
a) sole proprietorships cannot lower t...
- Exam (elaborations)
- • 23 pages •
Every economy must answer each of the following questions except one. Which is the 
exception? 
a) Which goods will be produced? 
b) Why are these particular goods produced? 
c) Which resources should be used? 
d) Who will actually consume the goods produced? 
e) How should resources be combined to produce each product? 
 b) Why are these particular goods produced? 
One disadvantage of a sole proprietorship as a form of business organization is that __ 
a) sole proprietorships cannot lower t...
ECOLOGY LEAVING CERT Questions and Correct Answers | Latest Update
Ecology 
 The scientific study of how organisms react with each other and their 
environment. 
Ecosystem 
 a group of clearly distinguished organisms reacting with their environment as 
a unit. 
Biosphere. 
 the part of the planet containing living organisms. 
Extends from bottom of ocean to upper atmosphere. 
Habitat 
 The part of an ecosystem where an organism lives. 
Population 
 all the members of the same species living in an area. 
Community 
 all the different populati...
- Exam (elaborations)
- • 9 pages •
Ecology 
 The scientific study of how organisms react with each other and their 
environment. 
Ecosystem 
 a group of clearly distinguished organisms reacting with their environment as 
a unit. 
Biosphere. 
 the part of the planet containing living organisms. 
Extends from bottom of ocean to upper atmosphere. 
Habitat 
 The part of an ecosystem where an organism lives. 
Population 
 all the members of the same species living in an area. 
Community 
 all the different populati...
ECO 4223 Questions and Correct Answers | Latest Update
What is the typical relationship between interest rates on 6-month Treasury bills, 10-year 
Treasury notes, and Baa corporate bonds? 
 tend to move together over time with the corporate bond having the 
highest rate of interest 
 Your answer is correct. 
When interest rates decrease, how might businesses and consumers change their economic 
behavior? 
 will be more consumption spending on interest-sensitive items and more 
investment by businesses. 
How does a fall in the value of th...
- Exam (elaborations)
- • 18 pages •
What is the typical relationship between interest rates on 6-month Treasury bills, 10-year 
Treasury notes, and Baa corporate bonds? 
 tend to move together over time with the corporate bond having the 
highest rate of interest 
 Your answer is correct. 
When interest rates decrease, how might businesses and consumers change their economic 
behavior? 
 will be more consumption spending on interest-sensitive items and more 
investment by businesses. 
How does a fall in the value of th...
ECO 4223 Midterm Questions and Correct Answers | Latest Update
Identify which item is not apart of the six parts of the financial system 
 Credit cards 
The central bank of the United States is 
 Federal Reserve System 
Identify which of the following is not one of the five core principles of money and banking 
 Stability creates risk 
Investing in financial instruments in today's economy 
 Is made easier by the use of mutual funds 
Which of the following is an example of a financial market? 
 A local coffee house where people regularly bu...
- Exam (elaborations)
- • 15 pages •
Identify which item is not apart of the six parts of the financial system 
 Credit cards 
The central bank of the United States is 
 Federal Reserve System 
Identify which of the following is not one of the five core principles of money and banking 
 Stability creates risk 
Investing in financial instruments in today's economy 
 Is made easier by the use of mutual funds 
Which of the following is an example of a financial market? 
 A local coffee house where people regularly bu...
ECO 4223 Final Exam Questions and Correct Answers | Latest Update
If currency held by the public equals $100 billion, reserves held by banks equal $50 billion, 
and bank deposits equal $500 billion, then the money supply equals: 
A. 150 billion 
B. 650 Billion 
 A 
In a system with fractional-reserve banking: 
A. All banks must hold reserves equal to a fraction of their loans 
B. All banks must hold reserves equal to a fraction of their deposits 
 B 
In a 100% reserve banking system, if a customer deposits $100 currency into a bank, then the 
money su...
- Exam (elaborations)
- • 18 pages •
If currency held by the public equals $100 billion, reserves held by banks equal $50 billion, 
and bank deposits equal $500 billion, then the money supply equals: 
A. 150 billion 
B. 650 Billion 
 A 
In a system with fractional-reserve banking: 
A. All banks must hold reserves equal to a fraction of their loans 
B. All banks must hold reserves equal to a fraction of their deposits 
 B 
In a 100% reserve banking system, if a customer deposits $100 currency into a bank, then the 
money su...
ECO 4223 Exam 3 Questions and Correct Answers | Latest Update
The quantity theory of money is a theory of how: 
a. the money supply is determined 
b. the real value of aggregate income is determined 
c. interest rates are determined 
d. the nominal value of aggregate income is determined 
 the nominal value of aggregate income is determined 
The average number of times that a dollar is spent in buying the total amount of final goods 
and services produced during a given time period is known as: 
a. velocity 
b. spending multiplier 
c. gross national p...
- Exam (elaborations)
- • 16 pages •
The quantity theory of money is a theory of how: 
a. the money supply is determined 
b. the real value of aggregate income is determined 
c. interest rates are determined 
d. the nominal value of aggregate income is determined 
 the nominal value of aggregate income is determined 
The average number of times that a dollar is spent in buying the total amount of final goods 
and services produced during a given time period is known as: 
a. velocity 
b. spending multiplier 
c. gross national p...
ECO 4223 Exam 2 Questions and Correct Answers | Latest Update
In the model of fiat money developed in Lecture 7, the demand for money is the demand to 
hold ________. 
 Irredeemable Paper Bank Notes. 
In the model of fiat money developed in Lecture 7, the supply of money is just the total stock 
issued by the central bank because fiat monies _________. 
 have no non-monetary uses. 
Unlike the gold standard, there is _______ mechanism to govern the supply of money in a fiat 
money regime. 
 no automatic 
How a central bank conducts monetary poli...
- Exam (elaborations)
- • 16 pages •
In the model of fiat money developed in Lecture 7, the demand for money is the demand to 
hold ________. 
 Irredeemable Paper Bank Notes. 
In the model of fiat money developed in Lecture 7, the supply of money is just the total stock 
issued by the central bank because fiat monies _________. 
 have no non-monetary uses. 
Unlike the gold standard, there is _______ mechanism to govern the supply of money in a fiat 
money regime. 
 no automatic 
How a central bank conducts monetary poli...
Eco 2302 Questions and Correct Answers | Latest Update
Which of the follow would lead to higher price Elasticity of demand? 
 More substitutes for the goods. 
If the price elasticity of demand for ketchup is 0.50, then the price elasticity of demand for 
______ is likely to be ______ 
 Brand A ketchup ,higher. 
At a price of $8.00. quantity supplied is 100 units. At a price of $9.00, quantity supplied is 
126 units. Price elasticity of supply for the good is approximately_______ 
 1.96 
If the supply curve of a good is perfectly elastic, ...
- Exam (elaborations)
- • 19 pages •
Which of the follow would lead to higher price Elasticity of demand? 
 More substitutes for the goods. 
If the price elasticity of demand for ketchup is 0.50, then the price elasticity of demand for 
______ is likely to be ______ 
 Brand A ketchup ,higher. 
At a price of $8.00. quantity supplied is 100 units. At a price of $9.00, quantity supplied is 
126 units. Price elasticity of supply for the good is approximately_______ 
 1.96 
If the supply curve of a good is perfectly elastic, ...
eco 2302 final Questions and Correct Answers | Latest Update
the field of macroeconomics developed when economists looked for causes of: 
 the Great Depression 
Most economists who have studied it believe that the Great Depression was caused by: 
 Poor economic policy making 
the degree to which people have access to goods and services that make their lives easier, 
healthier, safer, and more enjoyable is called the: 
 standard of living 
If total output increases from $1 trillion to $2 trillion as population increases from 100 million 
to 200 ...
- Exam (elaborations)
- • 13 pages •
the field of macroeconomics developed when economists looked for causes of: 
 the Great Depression 
Most economists who have studied it believe that the Great Depression was caused by: 
 Poor economic policy making 
the degree to which people have access to goods and services that make their lives easier, 
healthier, safer, and more enjoyable is called the: 
 standard of living 
If total output increases from $1 trillion to $2 trillion as population increases from 100 million 
to 200 ...