Name:_________________________ ECO 101 Principles of Microeconomics Final Exam Spring 2006 Form A There are 30 multiple choice questions and 5 short answer questions on this double-sided exam‚ so be careful not to skip any questions! Part I: Multiple Choice (60 points) Read each question carefully and select the best response. Fill in the corresponding circle on your answer sheet. 1. If the total output of candles in Nick’s Wicks shop increases from 20 per hour to 30 per hour
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Micro Chapter 25 Practice Questions Key 1. Derived demand is the demand: A) that arises because of monopoly control of resources in a market. B) for a product based on the tastes and preferences of consumers. C) derived from consumer satisfaction with a product. D) for a resource to produce a product. Answer: D 2. Marginal revenue product is the increase in: A) total revenue from a decrease in the price of the product. B) marginal revenue from a decrease in the price of the product
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1. Use only 1 or 2 sentences only to answer in terms of economic concepts. [10 points] a. What are automatic stabilizers? Automatic stabilizers are part of the fiscal policy and are built into the federal/state/local tax and transfer systems. They are put in place to stimulate aggregate demand in a recession without the need for action by policymakers. Corporate and personal income taxes are the best-known automatic stabilizers. For example: when the economy is in its growth stage‚ our progressive
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Compare any two myths from different regions; focus on similarities with epic heroes or similar creation myths. I’m going to compare the Enuma Elish‚ the Babylonian creation myth to the Creation of Titans and the Gods‚ the Greek creation myth. The first similarity between the two is pretty obvious; they are both creation myths. All of the gods in both myths are related to some part of the naturalness of the earth. For instance‚ god of the sky (Zeus‚ Anu)‚ god of the waters (Apsu‚ Tiamat‚ Poseidon)
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1. Go to the U.S. Census Bureau Foreign Trade website: http://www.census.gov/foreign-trade/top/dst/current/balance.html One of the top countries I selected with which the U.S. trades is Canada. Canada has ranked in first place. (U.S. Census Bureau | Foreign Trade | ftdwebmaster@census.gov ‚ 2013) (U.S. Census Bureau | Foreign Trade | ftdwebmaster@census.gov ‚ 2013). Year To Date
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Running head: TERMINATION RECOMMENDATIONS FOR MORE BEER‚ INC. 1 Termination Recommendations for More Beer‚ Incorporated. HRMG 5700 – Employment Law September 22‚ 2013 Termination Recommendations for More Beer‚ Incorporated When a company experiences a financial setback of the magnitude that More Beer‚ Incorporated had after its failed venture into internet marketing‚ it sometimes becomes necessary to reduce the workforce in order to mitigate the losses. The Human Resources (HR) Department
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1) The subfields of anthropology seem quite diverse in their specific subjects and methods. Why‚ then‚ are they all considered parts of the single discipline of anthropology? What ties them together? Anthropology is an extensive discipline. It is so broad it had to be split into four subfields; Archeology‚ Biological (Physical)‚ Cultural‚ and Linguistic anthropology. The definition of anthropology is “the holistic‚ scientific study of human kind” (Park‚ 2014). Parks (2014) states‚ every anthropologist
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Bryan Boyle Bankruptcy Mid-Term Question 2 – Describe and differentiate between the various “relief” Chapters (Chapters 7‚ 9‚ 11‚ 12‚13 & 15) which can be utilized under the Bankruptcy Code for protection‚ reorganization and Liquidation. Pay particular attention to who can be a debtor in each of those chapters. Chapter 7 – provides for liquidation proceedings or the selling of all nonexempt assets and the distribution of the proceeds to the debtor’s creditors. Who Can Be a Debtor
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[pic] |1. (TCO A) Which of the following statements is CORRECT? (Points : 10) | | | | [pic] One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. | | [pic] It is generally easier to transfer one’s ownership
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1. Question : (TCO A) Among member countries of the Organization for Economic Cooperation and Development‚ the majority of R&D funds come from ______. Student Answer: government CORRECT industry universities private nonprofit organizations Instructor Explanation: Chapter 2 Points Received: 4 of 4 Comments: Question 2. Question : (TCO A) Which of the following is true about technology trajectories? Student Answer: INCORRECT a technology
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