macroeconomics - Chapter Chapter 2 Study Suggestions Before...

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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 and discussion. 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.

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