101 Sample Final

# 101 Sample Final - 1 Answerallquestions.,choosetheBESTone...

101 Sample Final Exam with Key Answer all questions. If more than one answer seems correct, choose the BEST one. McConnell - Chapter 01 1. Refer to the above diagram. Starting at point A , the opportunity cost of producing each successive unit of tractors is: a. a constant 2 units of bread. B . 2, 4, 6, and 8 units of bread. c. 8, 6, 4, and 2 units of bread. d. the reciprocal of the output of tractors. Econ: 12 Learning Objective: 1-5 Macro: 12 McConnell - Chapter 01 #134 Micro: 12 Status: New Topic: 7 Type: Graphical 1
McConnell - Chapter 01 2. Refer to the above diagram. Which of the following positions relative to PP 1 would be the most likely to result in a future production possibilities curve of PP 3 , rather than PP 2 ? A . A . b. B. c. C. d. D. Econ: 17 Learning Objective: 1-5 Macro: 17 McConnell - Chapter 01 #187 Micro: 17 Status: New Topic: 8 Type: Complex Analysis 3. Unemployment: Econ: 14-15 Learning Objective: 1-5 Macro: 14-15 McConnell - Chapter 01 #99 Micro: 14-15 Status: New Topic: 7 Type: Application of Concept 2
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