Econ 301 Intermediate Macroeconomics‚ Professor __________ Park University Online‚ Fax _________________ Final Exam (Weight 300 Points) STUDENT’S NAME ______________________________ Multiple choice Questions. (Weight 5 points each) Choose the best answer. 1) The unemployment rate is the number of ? 2) The value of steel sold to an automobile producer is __________ directly included in the GDP because __________. 3) In the simplest Keynesian model of the determination of income‚ interest
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ECO 5305 Final Exam Answers underlined in yellow 1. Fixed costs include: a. variable labor expenses. b. output-related energy costs. c. output-related raw material costs. d. variable interest costs for borrowed capital. 2. Marginal cost equals: a. average variable cost at its maximum point. b. the change in total fixed cost divided by the change in quantity. c. the change in total variable cost divided by the change in quantity. d. total cost divided by quantity
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scarcity problem? You would not escape the scarcity problem even if you won $1 million in a lottery because the problem of scarcity will always be present. There will always be unlimited wants that cannot be satisfied due to limited resources. 2 Why is money not considered as “capital” in economics? Money is not a productive resource. It is used for purchasing resources. Capital in economics can actually be used to produce goods and services. 3 Explain the difference between macroeconomics
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Business Administration Department of Economics and Finance Econ 341 - Monetary Economics Problem Set 6 (Chapter 22) AlShawa 1. According to the quantity theory of money‚ movements in the price level result * a. solely from changes in the quantity of money. b. primarily from changes in the quantity of money. c. partially from changes in the quantity of money. d. from changes in factors other than the quantity of money. 2. Because Keynes assumed that the expected return on money was
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efficient use of limited productive resources to satisfy economic wants. issue of equality in the distribution of income and wealth among households. budget deficits in the domestic economy and trade deficits in the international economy. | 2. (TCO 1) The term scarcity in economics refers to the fact that (Points : 1) | economic wants are limited and resources are abused. even in the richest country some people go hungry. no country can produce enough products to satisfy everybody’s economic
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Bio112 Lecture Quiz- 10/9/2010 Answer Key 1. The scientific study of life is called: A. biology B. ecology C. anatomy D. biochemistry E. limnology 2. Human beings are _______________ because they are composed of many cell types. A. unicellular B. acellular C. asymmetrical D. autotrophic E. multicellular 3. A/an _______ is composed of a group of similar cells that perform a particular function. A. organ B. system C. organism D. tissue E. population 4. Choose the CORRECT order (1-5) of increasing
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Quiz 6 Question 1 of 12 4.0/ 4.0 Points Which of these compounds would you expect to be least soluble in water? A.NH3 B.NaCl C.CH3OH Correct D.N2 E.not enough information Answer Key: D Question 2 of 12 0.0/ 4.0 Points Which of the following substances is NOT a solution? A.brass B.air C.vodka D.copper Incorrect E.All of the above are solutions. Answer Key: D Question 3 of 12 4.0/ 4.0 Points Hexane‚ a nonpolar solvent‚ will dissolve which of the following substances? A.ammonium
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PERSONAL FINANCE WEEK TWO QUIZ 1. Which of the following is the smartest way to handle allowance for children and teens? a. Pay your children and teens according to the work that they do. b. Never pay for chores of any type‚ since children of all ages should be expected to help out as members of the family. c. Increase allowance annually based on the child’s age. d. Give allowance when children have performed well in school or exhibited exemplary behavior. 2. When you talk to your children
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Sociology Quiz #1: The Sociological Imagination 1. Which of the following is the BEST example of something that sociologists might study? - How wireless technology has enabled people in developing countries to communicate beyond their local communities. 2. Anything that humans create or take notice of‚ that exerts influence or pressure on their behavior is termed a social force . Which of these is the BEST application of the concept‚ "sociological imagination"? - understanding the technology
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Chapter 1: Page 20; Questions - 4‚ 7‚ 9‚ 10‚ 11 4) What are the key elements of the scientific method and how does this method relate to economic principles and laws? The key elements of the scientific method are the observation of real world behavior and outcomes. Based on those observations‚ formulating a possible explanation of cause and effect which is a hypothesis. Next‚ testing this explanation by comparing the outcomes of specific events to the outcome predicted by the hypothesis. Then‚ accepting
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