Eco 365 Week 4 Knowledge Check 1. What do economists mean when they say there is "market failure"? Correct answer: Free Markets yield results that economists do not consider socially optimal 2. If a market has no externalities‚ marginal private costsBottom of Form Correct Answer: equal marginal social costs 3. Economists generally call the effect of an agreement on others that is not taken into account by the parties making the agreement Correct Answer: an externality 4. The size performance
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ECO/ 372 Week 1 Knowledge Check 1.The two frameworks conventional economists generally use to analyze macroeconomic issues are A.the inflation and the unemployment frameworks B.the short-run and the long-run frameworks C.the business cycle and the growth cycle frameworks D.the stagnationist and the Post-Keynesian frameworks 2.The relationship between real and nominal interest rate can be expressed by A.real interest rate = nominal interest rate + inflation B.real interest rate = inflation - nominal
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Download Knowledge Check Week 1 study guide (Feature is temporarily unavailable. Please check this later.) Knowledge Check Week 1 The material presented below is not meant to be a comprehensive list of all you need to know in the content area. Rather it is a starting point for building your knowledge and skills. Additional study materials are recommended in each area below to help you master the material. Personalized Study Guide Results: Score: 11 / 12 Concepts Pricing Decisions 100% Mastery
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Week 1 Knowledge Check Study Guide Concepts Mastery Questions MACROECONOMICS 0% 1 INTEREST RATES 100% 2 100% 3 100% 4 100% 6 100% 7 GROSS DOMESTIC PRODUCT HISTORIC ECONOMIC DATA DEFINITION OF ECONOMICS LAW OF DEMAND Score: 6 / 7 5 Concept: MACROECONOMICS Mastery 0% Questions 1 1. The two frameworks conventional economists generally use to analyze macroeconomic issues are A. the inflation and the unemployment frameworks B. the short-run and the long-run frameworks C. the
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Knowledge Check Week 6 The material presented below is not meant to be a comprehensive list of all you need to know in the content area. Rather it is a starting point for building your knowledge and skills. Additional study materials are recommended in each area below to help you master the material. Personalized Study Guide Results: Score: 5 / 6 Concepts | Mastery | Questions | Elasticity | 67% | * 1 * 2 * 3 | Relationship of Pricing Strategy to Market Structure | 100% | * 4
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Week 3 Knowledge Check Study Guide Concepts Mastery CRITICAL THINKING EVIDENCE CRITICAL THINKING 1 67% 2 3 4 100% 5 6 7 EVALUATING CRITICAL THINKING EVIDENCE Questions 100% OBJECTIVITY IN Score: 9 / 10 8 9 10 Concept: CRITICAL THINKING EVIDENCE Mastery 100% Questions 1. Before we judge the persuasiveness of a communication we need to: 1 A. Know the person who is communicating. B. Determine if the information provided is well presented. C. Identify the difference between
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Week 4 Knowledge Check Study Guide Concepts Mastery BUDGET SURPLUS Questions 100% 1 100% 2 3 TAX POLICY 100% 4 5 FISCAL POLICY 100% 6 BUDGET DEFICIT AND BUDGET SURPLUS Score: 6 / 6 Concept: BUDGET SURPLUS Mastery 100% 1. In the long-run framework‚ budget surpluses Questions 1 A. should be run whenever output dips below potential output B. should never be run since they crowd out investment in the short-run C. are better than budget deficits over the long-run because unlike
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Week 5 Knowledge Check Study Guide Concepts Mastery TRADE DEFICITS Questions 100% 1 100% 2 TRADE TARIFFS 100% 3 TARIFFS 100% 4 EXCHANGE RATES 100% 5 TRADE RESTRICTION 100% 6 INTERNATIONAL TRADE; Score: 6 / 6 Concept: TRADE DEFICITS Mastery 1. 100% Questions 1 In the U.S. current account‚ most of the trade deficit results from an excess of imported A. merchandise and services B. merchandise C. services D. transfer Correct: The Correct Answer is: B. Concept: INTERNATIONAL
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Week 2 Knowledge Check Study Guide Concepts Mastery CRITICAL THINKING BARRIERS Score: 9 / 9 Questions 100% 1 2 100% 8 9 3 4 5 6 7 OVERCOMING CRITICAL THINKING BARRIERS Concept: CRITICAL THINKING BARRIERS Mastery 100% Questions 1 2 3 4 5 6 7 1. What is one of the reasons that enculturation is considered as a barrier to critical thinking? A. Because people vary in degree to which they use their attributes. B. Because our psychological world is shaped by our exposure to
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Week 5 Knowledge Check Study Guide Concepts Mastery Score: 14 / 15 Questions The Employee Recruitment/Selection 100% 1 8 9 100% 2 3 4 100% 5 6 7 67% 10 11 12 100% 13 14 15 Process Four Types of Company Postures for Recruitment Internal and External Recruitment Methods Organizational Considerations in Staffing Decisions Screening and Selection Methods Concept: The Employee Recruitment/Selection Process Mastery 100% Questions 1 8 9 1. Recruitment begins by specifying
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