CHAPTER 2 Exam - Scarcity and the World of
MULTIPLE CHOICE. Choose the one alternative that best completes the statement
or answers the question.
As a student of economics, when you speak of scarcity, you are
the ability of so
200 Things to Know to Pass the Chemistry Regents 1. Protons are positively charged (+) with a mass of 1 amu. Example: Which has the greatest nuclear charge? 2. Neutrons have no charge and a mass of 1 amu. 3. Electrons are small and are negatively charged
CHEM 1411 Exam # 2
(Chapters 4,5,6, and 7)
Part I- ( 3 points each) - Please write your correct answer next to each question number, DO NOT CIRCLE.
_ 1. Which of the following are nonelectrolytes in water?
(ii) ethanol, C2H5OH
Larson/Farber 4th ed.
2.1 Frequency Distributions and Their Graphs
2.2 More Graphs and Displays
2.3 Measures of Central Tendency
2.4 Measures of Variation
2.5 Measures of Position
Larson/Farber 4th e
The Responsiveness of the
Quantity Demanded to Price
w When price rises, quantity demanded
w The question is how much quantity
will decrease in response to a given
w We want a measure that is units free
Production and Growth
w Define production possibility frontier
w Define production efficiency
w Explain how economic growth
expands production possibilities
w Define allocative efficiency
Aside from Religion, economics is perhaps the most
pervasive yet least understood force in American life.
Jon Meacham Editor, Newsweek Magazine
September 24, 2007
After studying this chapter, you will
be able to:
Demand, Supply and
w Demand and supply determine
w The word price means relative
price. Price is an opportunity cost.
w If we predict a price will fall, we mean
its price will fall rel