ECON2 Study guides, Class notes & Summaries
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American Military University ECON 201 ECON201 WEEK 5 Quiz
- Exam (elaborations) • 15 pages • 2023
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American Military University ECON 201 ECON201 WEEK 5 Quiz
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Class notes Managerial Economics (Econ2P23) Week 1-4
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Discusses market supply and demand, their position, definition, reasoning, and how they shift. Illustrates and numerically describes the impact of taxes and subsidies on producers and consumers. Shows various possibilities of demand elasticities with numerous applications of all possible scenarios that could occur in the economy.
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American Military University ECON 201 / ECON201 - Midterm - Quiz 4
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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 7 Quiz
- Exam (elaborations) • 10 pages • 2022
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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 relatively easy entry for firms. 
 
 
 
Answer Key:C Q...
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American Military University ECON 201 ECON201 FINAL EXAM
- Exam (elaborations) • 16 pages • 2023
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American Military University ECON 201 ECON201 FINAL EXAM
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ECON 2305/ECON2305 - EXAM 5 ALL ANSERS 100% CORRECT FALL-2021/2022 SOLUTION GUARANTEED GRADE A+
- Exam (elaborations) • 5 pages • 2021
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1.	If the government were to double taxes on people who earn more than $1 million per year, the deficit would disappear. 
a.	True 
b.	False 
2.	Refer to this graph. Which one of the following shocks could have caused this to happen? 
a.	an increase in marginal tax rates 
b.	an increase in the foreign exchange value of the dollar 
c.	an increase in government spending 
d.	an increase in wage rates or other resource costs 
3.	Money creates wealth. 
a.	True 
b.	False 
//See the video "How the Econ...
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American Military University ECON 201 ECON201 WEEK 5 Quiz
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American Military University ECON 201 ECON201 WEEK 5 Quiz
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Summary, Microeconomics, Investment, Global Edition, ISBN: 9781292215624 ECON202
- Summary • 8 pages • 2022
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This document summarizes investment, chapter 16 of the Economics textbook. It is briefly six pages and covers the most important points.
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Summary, Microeconomics, Investment, Global Edition, ISBN: 9781292215624 ECON202
- Summary • 8 pages • 2022
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This document summarizes investment, chapter 16 of the Economics textbook. It is briefly six pages and covers the most important points.
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American Military University ECON 201 / ECON201 Quiz 3
- Exam (elaborations) • 6 pages • 2022
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ECON 201 – Quiz 3 
 
Question 1 of 16 
Demand is price inelastic if: 
 
A.	the price of the good responds slightly to a quantity change. 
 
B.	the demand curve shifts very little when a demand shifter changes. 
 
C.	the percentage change in quantity demanded is relatively small in response to a relatively large percentage change in price. 
 
D.	all of the above are true. 
 
 
Question 2 of 16 
If the absolute value of price elasticity is greater than 1, this means the demand curve in that regi...
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