# Register now to access 7 million high quality study materials (What's Course Hero?) Course Hero is the premier provider of high quality online educational resources. With millions of study documents, online tutors, digital flashcards and free courseware, Course Hero is helping students learn more efficiently and effectively. Whether you're interested in exploring new subjects or mastering key topics for your next exam, Course Hero has the tools you need to achieve your goals.

64 Pages

### StudyGuide1

Course: ECON 205, Fall 2011
School: Creighton
Rating:

Word Count: 444

#### Document Preview

Principles Deskins of Macroeconomics Exam 1 Study Guide From Chapter 5 1. What statistic is most commonly used to measure overall economic output? Know its precise definition. How is it calculated? 2. Understand the individual components of GDP and what is included in each. 3. Understand the distinction between real and nominal GDP. Be able to work with simple numerical problems. 4. At what rate did real GDP...

Register Now

#### Unformatted Document Excerpt

Coursehero >> Nebraska >> Creighton >> ECON 205

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
Principles Deskins of Macroeconomics Exam 1 Study Guide From Chapter 5 1. What statistic is most commonly used to measure overall economic output? Know its precise definition. How is it calculated? 2. Understand the individual components of GDP and what is included in each. 3. Understand the distinction between real and nominal GDP. Be able to work with simple numerical problems. 4. At what rate did real GDP (seasonally-adjusted) grow in the U.S. for the most recent quarter for which statistics are available? What is GDP roughly for the U.S? GDP per capita? 5. Understand the imperfections with GDP as a measure of economic well-being and be able to illustrate with examples. 6. Be aware of the typical manner in which real GDP fluctuates over the short-run the business cycle. Be able to diagram this cycle and point out the peaks and troughs. Also, be able to characterize these points in terms of unemployment and inflation. From Chapter 6 1. What statistic is most commonly used to measure the overall change in the price level in our economy? What is another measure? 2. Understand the various steps in calculating the CPI? Be able to work with simple numerical problems. 3. At what rate did the CPI-U (seasonally adjusted) change for the most recent month for which data are available? 4. Know a few examples of how the CPI misstates changes in the true cost of living. 5. Understand the distinction between nominal real and interest rates. Understand how unexpected changes in inflation affect the real interest rate, and therefore the well-being of borrowers and lenders. From Chapter 10 1. Understand what the unemployment rate and the labor force participation rate represent. Know how they are calculated and be able to work with simple numerical examples. 2. Understand the imperfections with the unemployment rate. 3. Understand the different types of unemployment and be able to provide an example of each. Be able to discuss the natural rate of unemployment and how the different types of unemployment relate to it? 4. Be able to discuss how a public unemployment insurance system represents a tradeoff between efficiency and equity. 5. What was the seasonally adjusted unemployment rate for the most recent month for which data are available? From Chapter 7 1. Fully understand the key reason why there are differences in real GDP across nations and time - productivity. 2. Be able to discuss the four major determinants of productivity. 3. Be able to discuss several ways that policymakers can intervene to increase productivity in the long-run? 4. How does a lack of strong property rights affect the various directions that policymakers can pursue to promote economic growth? 5. What recommendations would you make to the president of a developing country to enhance economic prosperity in her country in the long-run?
Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

Creighton - ECON - 205
Deskins Principles of MacroeconomicsExam 2 Study GuideFrom Previous ChaptersKnow the relevant statistics for real GDP, the CPI, and the unemployment rate for themost recent period for which statistics are available.From Chapter 81. Understand the ba
Creighton - ECON - 205
Deskins Principles of MacroeconomicsExam 3 Study GuideFrom Previous ChaptersKnow the relevant statistics for real GDP, the CPI, and the unemployment rate for themost recent period for which statistics are available.From Chapter 161. Understand fully
Institute of Technology, Banaras Hindu University - FBAE - 201
Strategic Management: Concepts and Cases, 13e (David)Chapter 8 Implementing Strategies: Marketing, Finance/Accounting, R&amp;D, and MISIssues1) Less than 2 percent of formulated strategies are successfully implemented.Answer: FALSEDiff: 1Page Ref: 252T
Institute of Technology, Banaras Hindu University - FBAE - 201
PrinciplesofMicroeconomics,8e(Case/Fair)Chapter7:TheProductionProcess:TheBehaviorofProfit-MaximizingFirms1. Total revenue minus total cost is equal toA) the rate of return.B) marginal revenue.C) profit.D) net cost.Answer: C2. If economic profit is
Institute of Technology, Banaras Hindu University - FBAE - 201
CHAPTER 8Competitive Firms and MarketsMULTIPLE CHOICE QUESTIONS1) Economists define a market to be competitive when the firmsA) spend large amounts of money on advertising to lure customers away from thecompetition.B) watch each other's behavior clo
Institute of Technology, Banaras Hindu University - FBAE - 201
CHAPTER 11MonopolyMULTIPLE CHOICEChoose the one alternative that best completes the statement or answers the question.1) For a monopoly, marginal revenue is less than price becauseA) the firm is a price taker.B) the firm must lower price if it wishe
Institute of Technology, Banaras Hindu University - FBAE - 201
CHAPTER 13Oligopoly and Monopolistic CompetitionMULTIPLE CHOICEChoose the one alternative that best completes the statement or answers the question.1) Perfect competition and monopolistic competition are similar in that both market structuresinclude
Institute of Technology, Banaras Hindu University - FBAE - 201
Econ 101 Multiple Choice Questions Answer Key1)B21)C41)D61)D81)B101)B2)B22)B42)C62)A82)D102)A3)A23)A43)D63)B83)D103)A4)C24)D44)B64)A84)B104)B5)C25)A45)D65)C85)C105)C6)B26)D46)A66)C86)D106)C7)C27)B47)D67)A87)D107)A
Institute of Technology, Banaras Hindu University - FBAE - 201
31. 11-43. Book value per share of common stock is derived by which of the followingA. Stockholders equity divided by the number of shares authorized.B. Stockholders equity divided by the number of shares outstanding.C. Net income divided by the number
Institute of Technology, Banaras Hindu University - FBAE - 201
Chapter 6Practice QuizConsumer Choice Theory1. As an individual consumes more of a given good, the marginal utility of that good tothe consumera. rises at an increasing rate.b. rises at a decreasing rate.c. falls.d. rises.ANS:c. As a consumer co
Institute of Technology, Banaras Hindu University - FBAE - 201
Institute of Technology, Banaras Hindu University - FBAE - 201
Institute of Technology, Banaras Hindu University - FBAE - 201
1 of 1Final Exam ScheduleUndergraduate ProgramFall 2011TimeCourse #SecCourse TitleCr. InstructorRoomFriday January 27, 20127:4 5 AM - 9:4 5 AMENL 105ACOLLEGE ENGLISH I5 Mary KhouryEH IENL 105BCOLLEGE ENGLISH I5 Mary KhouryEH IENL 105
Institute of Technology, Banaras Hindu University - FBAE - 201
MULTIPLE CHOICE QUESTIONS1. Refer to Figure 1. After a tax is imposed on diet soda, the price of a can of diet sodaincreases from \$.50 to \$.55. The area that represents the excess burden is(a) ABCE.(b) ACFB.(c) CEF.(d) GAC.Total IncomeTotal Taxes
Institute of Technology, Banaras Hindu University - FBAE - 201
6. Perfectly Competitive MarketsMultiple Choice1.a)b)c)d)Which of the following is NOT a characteristic of a perfectly competitive market?All firms have equal access to technology in the long run.All consumers have perfect information about price
Institute of Technology, Banaras Hindu University - FBAE - 201
Working paper: 02-043Just-in-Time in practice at Toyota:Rules-in-Use for building self-diagnostic,adaptive work-systemsSteven J. SpearSeptember 2002Last revised: September 5, 2002Copyright 2001 Steven J. SpearWorking papers are in draft form. This
Institute of Technology, Banaras Hindu University - FBAE - 201
The Toyota WayJeffrey K LikerTata McGraw-Hill, 2004IntroductionIt is obvious that there is something special about Toyota. The Japanese automobilemanufacturer currently has the fastest product development process in the world. New carsand trucks tak
Institute of Technology, Banaras Hindu University - FBAE - 201
Post-Quiz 7Demand-Utility MaximizationName: _Multiple Choice (3 points each)1. Which of the following determinants of demand is most directly an indication of a consumer'sutility for a good?A) Income.B) Tastes.C) Expectations of future prices.D)
Institute of Technology, Banaras Hindu University - FBAE - 201
Institute of Technology, Banaras Hindu University - FBAE - 201
Chapter 9Applying the Competitive ModelMULTIPLE CHOICEChoose the one alternative that best completes the statement or answers the question.1) Mister Jones was selling his house. The asking price was \$220,000, and Jones decided hewould take no less th
Institute of Technology, Banaras Hindu University - FBAE - 201
CHAPTER 11MonopolyMULTIPLE CHOICEChoose the one alternative that best completes the statement or answers the question.1) For a monopoly, marginal revenue is less than price becauseA) the firm is a price taker.B) the firm must lower price if it wishe
Institute of Technology, Banaras Hindu University - FBAE - 201
CHAPTER 13Oligopoly and Monopolistic CompetitionMULTIPLE CHOICEChoose the one alternative that best completes the statement or answers the question.1) Perfect competition and monopolistic competition are similar in that both market structuresinclude
Institute of Technology, Banaras Hindu University - FBAE - 201
Case StudyToyota Motor EuropeIntroductionToyota has their UK vehicle manufacturing plant in Derby where they build the Avensis andCorolla models. Engines are manufactured in Deeside, North Wales.The combined investment in these sites is over 1.7 bill
CofC - ACCT - 308
CHAPTER 1: THE ACCOUNTANTS ROLE IN THE ORGANIZATION TRUE/FALSE 1. Management accounting information focuses on external reporting. Answer: False Difficulty: 1 Objective: Management accounting information focuses on internal reporting. 2. 1A good cost acc
CofC - ACCT - 308
CHAPTER 2: AN INTRODUCTION TO COST TERMS AND PURPOSES TRUE/FALSE 1. Products, services, departments, and customers may be cost objects. Answer: 2. True Difficulty: 1 Objective: 1Costs are accounted for in two basic stages: assignment followed by accumula
CofC - ACCT - 308
CHAPTER 6: MASTER BUDGET AND RESPONSIBILITY ACCOUNTING TRUE/FALSE 1. Few businesses plan to fail, but many of those that flop have failed to plan. Answer: 2. True Difficulty: 1 Objective: 1The master budget reflects the impact of operating decisions, but
CofC - ACCT - 308
CHAPTER 7: FLEXIBLE BUDGETS, VARIANCES, AND MANAGEMENT CONTROL: I TRUE/FALSE 1. The master budget is one type of flexible budget. Answer: 2. False Difficulty: 1 Objective: 1The master budget is a static budget.A flexible budget is calculated at the star
CofC - ACCT - 308
CHAPTER 8FLEXIBLE BUDGETS, VARIANCES, AND MANAGEMENT CONTROL: IILEARNING OBJECTIVES1. Explain in what ways the planning of variable overhead costs and fixed overhead costs are similar and in what ways they differ 2. Identify the features of a standard-
CofC - ACCT - 308
CHAPTER 8: FLEXIBLE BUDGETS, VARIANCES, AND MANAGEMENT CONTROL: II TRUE/FALSE 1. Overhead costs are a major part of costs for most companies more than 50% of all costs for some companies. Answer: 2. True Difficulty: 1 Objective: 1At the start of the budg
CofC - ACCT - 308
CHAPTER 9: INVENTORY COSTING AND CAPACITY ANALYSIS TRUE/FALSE 1. Absorption costing absorbs only variable manufacturing costs. Answer: False Difficulty: 1 Objective: 1 Absorption costing absorbs all manufacturing costs, both fixed and variable. 2. Variabl
CofC - ACCT - 308
CHAPTER 10: DETERMINING HOW COSTS BEHAVE TRUE/FALSE 1. One assumption frequently made in cost behavior estimation is that changes in total costs can be explained by changes in the level of a single activity. Answer: 2. True Difficulty: 1 Objective: 1All
CofC - ACCT - 308
CHAPTER 11: DECISION MAKING AND RELEVANT INFORMATION TRUE/FALSE 1. A decision model is a formal method for making a choice, frequently involving both quantitative and qualitative analyses. Answer: 2. True Difficulty: 1 Objective: 1Feedback from previous
CofC - ACCT - 308
CHAPTER 12: PRICING DECISIONS AND COST MANAGEMENT TRUE/FALSE 1. Companies must always examine pricing decisions through the eyes of their customers. Answer: 2. True Difficulty: 2 Objective: 1Relevant costs for pricing decisions include manufacturing cost
CofC - ACCT - 308
CHAPTER 13: STRATEGY, BALANCED SCORECARD, AND STRATEGY PROFITABILITY ANALYSIS TRUE/FALSE 1. Strategy describes how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its overall objectives. Answer: 2. True
CofC - ACCT - 308
CHAPTER 14: COST ALLOCATION, CUSTOMER-PROFITABILITY ANALYSIS, AND SALES-VARIANCE ANALYSIS TRUE/FALSE 1. Indirect costs are costs that cannot be traced to cost objects in an economically feasible way. Answer: 2. True Difficulty: 1 Objective: 1To motivate
CofC - ACCT - 308
CHAPTER 16: COST ALLOCATION: JOINT PRODUCTS AND BYPRODUCTS TRUE/FALSE 1. Joint costs are incurred beyond the splitoff point and are assignable to individual products. Answer: False Difficulty: 2 Joint costs are incurred prior to the splitoff. 2. Separable
CofC - ACCT - 308
CHAPTER 17: PROCESS COSTING SYSTEMS TRUE/FALSE 1. Examples of industries that would use process costing include the pharmaceutical and semiconductor industry. Answer: 2. True Difficulty: 1 Objective: 1The principal difference between process costing and
CofC - ACCT - 308
CHAPTER 18: SPOILAGE, REWORKED UNITS, AND SCRAP TRUE/FALSE 1. Reducing defects helps to reduce costs, but does not make the business more competitive. Answer: False Difficulty: 2 Reducing defects does make the business more competitive. 2. Objective: 1Re
CofC - ACCT - 308
&lt;?xml version=&quot;1.0&quot; encoding=&quot;UTF-8&quot;?&gt; &lt;Error&gt;&lt;Code&gt;NoSuchKey&lt;/Code&gt;&lt;Message&gt;The specified key does not exist.&lt;/Message&gt;&lt;Key&gt;5b90d21f5406039ab4e68a9dc8361370db4e0e33.doc&lt;/Key&gt;&lt;RequestId&gt;8 008D25322A61D14&lt;/RequestId&gt;&lt;HostId&gt;0MJS3JgnihMWu/xpfWGbZCsGzZVGjq7W
CofC - ACCT - 308
CHAPTER 21: CAPITAL BUDGETING AND COST ANALYSIS TRUE/FALSE 1. Capital budgeting focuses on projects over their entire lives in order to consider all the cash flows or cash savings from investing in a single project. Answer: 2. True Difficulty: 2 Objective
CofC - ACCT - 308
&lt;?xml version=&quot;1.0&quot; encoding=&quot;UTF-8&quot;?&gt; &lt;Error&gt;&lt;Code&gt;NoSuchKey&lt;/Code&gt;&lt;Message&gt;The specified key does not exist.&lt;/Message&gt;&lt;Key&gt;c0589fd2839c5e5247b52fc50ada3b655e328cdc.doc&lt;/Key&gt;&lt;RequestId&gt;5 046EFB3BD4CFEAE&lt;/RequestId&gt;&lt;HostId&gt;+wNjUFP1vGmwcFjt+CHxFVyBmzt3bBNw
CofC - ACCT - 308
CHAPTER 22: MANAGEMENT CONTROL SYSTEMS, TRANSFER PRICING, AND MULTINATIONAL CONSIDERATIONS TRUE/FALSE 1. The goal of a management control system is to improve the collective decisions in an organization in an economically feasible way. Answer: 2. True Dif
CofC - ACCT - 308
CHAPTER 23: PERFORMANCE MEASUREMENT, COMPENSATION, AND MULTINATIONAL CONSIDERATIONS TRUE/FALSE 1. Many common performance measures, such as customer satisfaction, rely on internal financial accounting information. Answer: False Difficulty: 1 Objective: 1
Waterloo - CHE - 102
Waterloo - CHE - 102
Waterloo - CHE - 102
C)Liquids,Solids&amp;SolutionsPetruccietal.,10thEdition:12.112.4,13.113.9SomePropertiesofLiquidsVapourPressureSurfaceTension Energyrequiredtoincreasethesurfaceareaofaliquid Substancesthatreducesurfacetensionarecalledwettingagents CohesiveForcesforcesex
Waterloo - CHE - 102
ChE 102 Final Exam Fall 20101) The solubility of CO in water at 25C and 1 atm CO pressure is 0.0354 mg of CO in 1 mL ofwater. What is the molarity of an aqueous CO solution at a CO partial pressure of 0.00036atm and a temperature of 25oC?A) 4.510-7 M
Waterloo - CHE - 102
D)EquilibriumPetruccietal.,10thEdition:15.115.7,18.118.5,+partof19.72.01.00.0Mols of product &amp; reactantMols of product &amp; reactantMols of product &amp; reactantDynamicEquilibrium Continuousmovementofparticlesfromonephasetoanother Equilibriumcanexistf
Waterloo - CHE - 102
E)ElectrochemistryPetruccietal.,10thEdition:3.4,5.15.2,5.45.6,20.120.7OxidationStates Oxidationstate(ornumber)isrelatedtothenumberofelectronsthatanatomgains,loses,orotherwiseuseswhencombiningwithotheratomsinacompound Theconceptofoxidationstateisarbit
Waterloo - CHE - 102
F)ChemicalKineticsPetruccietal.,10thEdition:14.114.11RateofChemicalReaction Chemicalkineticsdescribehowfastareactionoccurs Considerthereaction: 2SO2(g)+O2(g)2SO3(g)Rateofchangeinconcentrationofreactantsandproducts:RatesofReaction2SO2(g)+O2(g)2SO3(
Waterloo - CHE - 102
ChE 102 Final Exam Fall 20081)7Estimate the number of grams of CaCl 2 which must be added to 500 grams of water tolower the freezing point to -2.0C. Calcium chloride dissociates completely in water .Data: Kf for water = 1.86Cm-1A) 8.56 g2)C) 28.43
Waterloo - CHE - 102
ChE 102 Final Exam Fall 2009 - SOLUTIONS1)7A 1.00 g mixture of NaCl and CaCl2, which was completely dissolved in an aqueoussolution, is treated with excess AgNO3 to precipitate all of the Cl- ions present in solutionas AgCl. A mass of 3.02 g of AgNO3
Waterloo - CHE - 102
ChE102 Fall 2011 - Final Exam Review Questions1- At a temperature of 0C, the concentration of N2 dissolved in water is 1.05 10-3 mol/L undera N2 pressure of 1.00 atm. Air is added to the system, raising the total pressure to 6.0 atm,while the temperatu
Waterloo - CHE - 102
ChE 102 Chemistry for Engineers Fall 2011University of WaterlooInstructorsP. Chou, J. Grove, R. Legge, M. Madhuranthakam, N. McManus, F. Ng, M. Robinson, J. Soares(coordinator), M. TamWebsiteThe course website is maintained through UWACE. You need t
Waterloo - MATH - 116
Tuesday September 13 Lecture 1: Review of functions. (Refers to section 1.2 to 1.5in your text)A student that has mastered the contents of this lecture knows abouts:function, domain of a function, range or image, graph, vertical line rule, polynomial,
Waterloo - MATH - 116
Thursday September 15 Lecture 2 : Exponential, logarithms and inverse functions(Refers to sections 1.6 to 1.8 in your text )Students who have mastered the content of this lecture know about:Exponential functions, Eulers number e, one-to-one function, i
Waterloo - MATH - 116
Friday, September 16 Lecture 3 : Other special functions: Unit-step function(Heaviside) and hyperbolic functions (Refers to Section 2.1 to 2.3 in your text)Students who have mastered the content of this lecture know about:Unit-step (Heaviside) function
Waterloo - MATH - 116
Friday September 16 Lecture 4 : Limits (Refers to Section 2.1 to 2.3 in your text)Students who have mastered the content of this lecture know about:An intuitive definition of limits of functions, one-sided limits, infinite limits, limits atinfinity, ve
Waterloo - MATH - 116
Tuesday, September 20 Lecture 5 : Continuation of lecture on Limits (Refers toSection 2.1 to 2.3 in your text) (Note: This is the continuation of lecture 4 and so its content appears as the same.)Students who have mastered the content of this lecture kn
Waterloo - MATH - 116
Thursday September 22 Lecture 6 : Continuous functions. (Refers to Section 2.5 inyour text)Students who have mastered the content of this lecture know about:The definition of f is continuous at a, continuity from the left or right of a, a function bein
Waterloo - MATH - 116
Thursday September 22 Lecture 7 : Differentiation. (Refers to Section 3.1 and 3.2of your text)Students who have mastered the content of this lecture know about:The definition of tangent line, average rate of change of a function over an interval, the t