Opportunity cost F. Models are simplified versions of reality 1. Making some unrealistic assumption II. PPF Model A. Only 2 goods: computers and cars (don’t care about the cost yet) B. Resources and technological levels are constant C. Downward slope D. Moving to the right‚ more cars‚ less computers 1. Scarcity: more for one good‚ less for the other 2. Tradeoffs: not both‚ only either or E. Efficiency: using all resources → on the curve 1. Little inefficiency is living “inside the curve” – reality
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there are only two countries‚ Portugal and England and two goods‚ wine and corn. The following table provides the yield per acre for each good in each country: Portugal England Wine 30 jugs 15 jugs Corn 60 bushels 45 bushels 1. Portugal can produce more of both goods per acre than can England. So Portugal has the absolute advantage in both goods: for a given amount of inputs‚ Portugal can achieve higher output in wine (or corn) than can England. 2. Comparative advantage
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BIOL 1001 Midterm I W2013 vA W2013 SC/BIOL 1001 3.0 Midterm I – February 6‚ 2013 Section P – Version A This test consists of 32 multiple choice items (including section and version indicators – these do not count in the score but must be completed) and 2 short
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Economics 323-B1 International Economics Midterm Exam 1100-1150‚ Friday 26 February 2010 C. Smith You have 50 minutes to complete this exam. Points allocated to a question are shown in brackets beside the question for a total of 100. Answer ALL questions. Calculators and other electronic devices may NOT be used during the exam. 1. Wages differ greatly across countries and they depend‚ to some extent at least‚ on productivity differences. Suppose Canada and Japan produce two types
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Midterm 1 Essays 1) Describe the three basic types of music heard in original scores during the silent film era and cites specific examples from The Birth of a Nation. (10 points) The film Birth of a Nation used the three basic types of music heard during the silent film era‚ which were adaptations‚ arrangement‚ and newly composed. Adaptations borrow a complete passage from another source and usually accompany large action scene. The composer Breil used Wagner’s Ride of the Valkyrie to underscore
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Midterm #2 is THURS 11/8/12 in lecture EBS 309: bring 100 question scantron & #2 pencil This exam covers material from lectures #9 (9/27/12) through #19 (11/1/12) Remember – you should take an ACTIVE role in studying – test yourself by trying to explain concepts to others or to yourself with no notes. Find a partner or group to study REGULARLY with – it is not pos sible to learn in 1 night! If needed‚ seek help with plenty of time before the test. Lecture #9 (9/27/12): Phytoplankton‚ Picoplankton
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THE UNIVERSITY OF HONG KONG School of Economics & Finance 2010 Spring Semester‚ First Midterm Examination Economics: ECON1001 (J and K) Introduction to Economic I Version A AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
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Econ 1 Midterm 1 Practice Problems 1. The overriding reason why households and societies face many decisions is that a. resources are scarce. b. goods and services are not scarce. c. incomes fluctuate with business cycles. d. people‚ by nature‚ tend to disagree. 2. Sophia is
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Take Test: Activity 4.9 - Midterm Exam Content Top of Form Assistive Technology Tips [opens in new window] Instructions Timed Test This test has a time limit of 2 hours.You will be notified when time expires‚ and you may continue or submit. Warnings appear when half the time‚ 5 minutes‚ 1 minute‚ and 30 seconds remain. Multiple Attempts Not allowed. This test can only be taken once. Remaining Time: 1 hour‚ 58 minutes‚ 46 seconds. Question 1 1. Which of the following is NOT a valid reason for
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each question BELOW. If more than one answer is circled for a question no credit will be given for it. 1. [ out of 16 pts ] A mixture of gases contains 66.0 g CO2‚ 2.02 g of H2‚ and 16.0 g of O2. If the total pressure of the mixture is 725 torr‚ what is the partial pressure of each gas? [ do not neglect significant figures! ] SHOW YOUR WORK to get full credit. 1) Number of moles: 2) Pressure of each gas: 2. [ out of 16 pts ] When 11.1 g of lead
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