1 Econ. 1A. Review Question 1. Spring 2010 I. Multiple Choice  Circle the letter of the one answer that you think is correct or closest to correct. 1. Economics is the study of how people choose a. abundance over scarcity. c. to use their infinite res
Econ. 1A. Quiz 4 (Sample) *. 1. Please show your calculation explicitly. Otherwise, only partial credit will be given. 2. Please write your answer on a piece of paper, and don't write on this text. *. 1. Table 1 shows some of items in Econland's National
Econ. 1A.Quiz 12. Name: _. ID: _. Due: In the beginning of next Monday `s class.
Inflation is a serious economic problem because it increases the cost of living, redistributes income and wealth, and diverts resources from production. There are two sources
Econ. 1A: Quiz 8 . Name._. ID: _. a. Quiz 8 is closely related to one page handout" How banks create money" which I presented in Wednesday, March 21, 2010) b. You should read our text: chapter 8, or my lecture note, or study plan in myeconlab. 1. Suppose
Econ. 1A. Quiz 10. (Take home). Due: Wed. 05/12/10. (Turn in your answer in the beginning of the class) Name: _. ID: _. P LAS SAS1
E1 AD1 Y Y1 YP
The graph shows the current macroeconomic situation for the economy of Econland. You have been hired as an
Econ 1A. Final Review Questions. I. Multiple choices (120)
Circle the letter of the one answer that you think is correct or closest to correct. 1. Economics is the study of how people choose a. c. abundance over scarcity. b. to use limited r
Please turn in your answer in the beginning of Exam 2. Eco. 1A. Quiz 7. Name: _. ID: _.
1. Under what assumptions we can use DLF and SLF curves to describe the loanable funds market? 
(1) (2) (3).
2. Use DLF and SLF curves to evaluate graphically the e
Econ. 1A. Review questions for Quiz 8 1. A change in money supply (M2) will affect CPI, RGDP and unemployment rate in an economy. What is the official measure of money in an economy? 2. How do banks create new deposits by making loans, and what factors li
1 Econ 1A. Review Questions 2. (Sample) (Please study Chapter 4 Chapter 7 carefully) I. Multiple choice  Circle the letter of the one answer that you think is correct or closest to correct. 1. The standard of living is measured by the level of b. GDP.
Econ. 1A. Qize 2. Name:
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(1) (2) (3) (4) (5) 1. Qf (fish) i'1Qf_ _Q.:s.,F (fruit) i'1QF Opp. Cost of fish = ~I i'1Q o 15 2 14
a. Under what assumptions we can use data in the above table to describe PPF.
Econ. 1A. Quiz 3. Name: _. ID: _. [Turn in your answer in the beginning of Exam 1] 1. Under what assumptions we can use DD and SS curves to describe the market?  (1) (2) (3). Use DD and SS curves to evaluate the following economic events graphically. P
Quiz 5 (sample) RGDP, unemployment rate and CPI quantify the performance of an economy. In chapter 4, we study RGDP and in chapter 5, we study unemployment rate and CPI. This quiz is related to unemployment rate and CPI. 1. BLS reported the following data
Econ. 1A What is Economics? 1. Women & Men Wants Desires Preferences Nature Resources Goods Opportunities
Choice Economics is concerned with wants and resources. Resources are limited, but wants are unlimited. wants > resources available scarcity
Econ. 1A. Quiz 9. Name _. ID._. Due: in the beginning of Monday's class (May 3, 2010).
In the last two sections of chapter 8, we learn that 1. In the short run, the quantity of money and RGDP are given, and nominal interest rate (i) adjusts to achieve equ