Unformatted text preview: Chapter
Chapter 2 Study Suggestions
Before lecture on Friday, August 26:
Read pages 36-57 of the textbook.
Note the definitions of all of the following terms: scarcity, production possibilities frontier (PPF),
opportunity cost, economic growth, trade, absolute advantage, comparative advantage, market,
product markets, factor markets, factors of production, circular-flow diagram, free market,
entrepreneur, & property rights.
After lecture on Friday, September 2:
Re-read pages 36-57 of the textbook.
Read pages 25-30 of the study guide.
Do Multiple-Choice Questions 1-18, 20-39, 43-45, 48, & 49 in the study guide. NOTE: The answer
to #18 is c, not a.
Do Short Answer Questions 2 & 3 in the study guide.
Do True/False Questions 3-8, 10, 11, 13, & 15 in the study guide.
Between 12:00am on Tuesday, September 20 and 11:59pm on Wednesday, September 21:
Take and submit Chapter 2 Quiz on ICON!
General Study Suggestions
The textbook/study guide is intended to reinforce, not replace, the information presented during lecture
In economics, graphs are tools that can help you answer questions ~ use them!
Understanding a problem that is presented to you is not the same as doing the problem yourself ~ practice!
Ask Professor Fuhrman and/or the TAs questions during lecture, discussion, office hours, and/or via email. Page 1 of 1 ...
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This note was uploaded on 09/26/2011 for the course 06E 002 taught by Professor Kim during the Spring '08 term at University of Iowa.
- Spring '08