ECON2 Study guides, Class notes & Summaries

Looking for the best study guides, study notes and summaries about ECON2? On this page you'll find 194 study documents about ECON2.

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American Military University ECON 201 / ECON201 Week 6 Quiz
  • American Military University ECON 201 / ECON201 Week 6 Quiz

  • Exam (elaborations) • 12 pages • 2022
  • ECON 201 Week 6 Quiz Question 2 of 17 An industry that contains a firm that is the only producer of a good or service for which there are no close substitutes and for which entry by potential rivals is prohibitively difficult is: • A. a duopoly. • B. a monopoly. • C. an oligopoly. • D. perfect competition. Question 3 of 17 Which of the following is true in a perfectly competitive market? • A. One unit of a good or service cann...
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ECON2040 QUESTIONS AND ANSWERS 2023
  • ECON2040 QUESTIONS AND ANSWERS 2023

  • Exam (elaborations) • 10 pages • 2023
  • ECON2040 QUESTIONS AND ANSWERS 2023 Today's goods market: output supply and output demand formulas? - ANS-see boofkpk draw interaction diagram of households, firms govt. - ANS-cockballs Fiscal Authority's BC at time 't' - ANS-dingles Monetary authority's BC at 't' - ANS-davis dingle Consolidate govt. BC - ANS-shloap Total deficit - ANS-kmart What is main advantage of microfounded macroeconomics? - ANS-Essential to evaluate policy changes because individual decisions vary systemat...
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American Military University ECON 201 ECON201 FINAL  EXAM
  • American Military University ECON 201 ECON201 FINAL EXAM

  • Exam (elaborations) • 16 pages • 2023
  • American Military University ECON 201 ECON201 FINAL EXAM Question 1 of 29 One defining characteristic of pure monopoly is that: • A. The monopolist is a price taker • B. The monopolist uses advertising • C. The monopolist produces a product with no close substitutes • D. There is relatively easy entry into the industry, but exit is difficult Question 2 of 29 Which is a barrier to entry? • A. Close substitutes • B. Diseconomies of scale • C. Government licensing ...
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REAL ECON202 CHAPTER 4 QUIZ, COMPLETE SOLUTION 2024.
  • REAL ECON202 CHAPTER 4 QUIZ, COMPLETE SOLUTION 2024.

  • Exam (elaborations) • 4 pages • 2024
  • REAL ECON202 CHAPTER 4 QUIZ, COMPLETE SOLUTION 2024. increase; supply An increase in the consumer surplus in the market for milkshakes may result from a(n) _____ in the _____ of milkshakes. increase; supply increase; price decrease; demand decrease; supply will decrease If there is a decrease in demand, assuming a positively sloped supply curve and a negatively sloped demand curve, total surplus:
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ECON201 NVCC Test 1 | 100% Correct Answers | Verified | Latest 2024 Version
  • ECON201 NVCC Test 1 | 100% Correct Answers | Verified | Latest 2024 Version

  • Exam (elaborations) • 5 pages • 2024
  • Economics may best be defined as: - Social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity The economizing problem is one of deciding how to make best use of: - Limited resources to satisfy virtually unlimited wants. The main function of an entrepreneur is to: - Innovate Macroeconomics approaches the study of economics from the viewpoint of: - The entire economy According to economists, economic self interest: - is a reali...
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American Military University ECON 201 ECON201 WEEK 7 Quiz  100CORRECT
  • American Military University ECON 201 ECON201 WEEK 7 Quiz 100CORRECT

  • Exam (elaborations) • 10 pages • 2023
  • American Military University ECON 201 ECON201 WEEK 7 Quiz 100% CORRECT Question 1 Monopolistic competition is an industry characterized by a: • A. small number of firms producing identical products, with barriers to entry for firms. • B. small number of firms producing similar products, with relatively easy entry for firms. • C. large number of firms producing similar products, with relatively easy entry for firms. • D. large number of firms producing identical products, with...
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Macroeconomics (ECON201)  Q&A Bundle Macroeconomics (ECON201)  Q&A Bundle
  • Macroeconomics (ECON201) Q&A Bundle

  • Exam (elaborations) • 57 pages • 2021
  • Question and answer bank consisting of over 10 years worth of past tests and exam papers. Solutions are set out as template guides to ensure ALL marks are obtained. Tried and Tested. Obtained over 80% in Economics.
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American Military University ECON 201 / ECON201 Week 2 Quiz( Chapter 3)
  • American Military University ECON 201 / ECON201 Week 2 Quiz( Chapter 3)

  • Exam (elaborations) • 8 pages • 2022
  • American Military University ECON 201 / ECON201 Week 2 Quiz( Chapter 3)
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American Military University ECON 201 / ECON201 - Midterm - Quiz 4
  • American Military University ECON 201 / ECON201 - Midterm - Quiz 4

  • Exam (elaborations) • 14 pages • 2022
  • ECON 201 – Midterm Question 1 of 28 Economics is the study of: A. increasing the level of productive resources so there is maximum output in society. B. increasing the level of productive resources so there is a minimum level of income. C. how people, institutions, and society make choices under conditions of scarcity. D. the efficient use of scarce resources paid for at the minimum level of cost to consumers and businesses. Question 2 of 28 Which of the following is not ...
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American Military University ECON 201 ECON201 WEEK 5 Quiz
  • American Military University ECON 201 ECON201 WEEK 5 Quiz

  • Exam (elaborations) • 15 pages • 2023
  • American Military University ECON 201 ECON201 WEEK 5 Quiz
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