Final_Exam_Review_Sheet_-_2011[1]

Final_Exam_Review_Sheet_-_2011[1] - Final Hot Topics Review...

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Final “Hot Topics” Review Sheet EC 142 As the semester draws to a close, many of you are starting to look at the information that you will be held accountable for on the final. This document was prepared to give you a better idea of what the exam will look like and the best way to study. Final Description: The final consists of two parts. The first part contains 30 multiple choice questions worth 5 points each, the second has 5 Short Answer / Essay questions worth 150 points total. You will have 2 hours total to complete both parts. My suggestion would be to start with the Short Answer / Essay section then work on the multiple choice. Definitions You Need to Know: Opportunity Cost Foreign Exchange Market and Foreign Exchange Rate Product Differentiation Mutual Interdependence Fixed, Variable and Marginal Costs Economies of Scale, Diseconomies of Scale, and Constant Returns to Scale (and the reason each arises) Price Elasticity of Demand Elastic, Inelastic, and Unitary Elastic Demand
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Final_Exam_Review_Sheet_-_2011[1] - Final Hot Topics Review...

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