ECO 2301 TEST 2 SUMMER 2015 _
1. The total social costs of production are:
a. private costs plus private benefits.
b. private benefits minus private costs.
c. private costs plus external costs.
d. private costs minus external costs.
2. Negative externalit
ECO 2301 TEST 1 SPRING 2015
1. In a market system, decisions about how to allocate
resources are made:
a. by central planning boards in each industry.
b. by a lottery system.
c. by individuals and firms interacting in markets
coordinated by market prices.
ECO 2301 TEST 3 SUMMER 2015
1. The long run:
a. is a period long enough for every input except plant
size to be varied.
b. is a period in which there are no fixed costs.
c. is typically a period of two years.
d. is all of the above.
2. A price-taking firm
ECO 2301 TEST 1 SPRING 2015
1. Which of the following forces us to choose among
2. Fundamentally, economics is concerned with:
how scarce resources are allocated to satisfy
ECO 2301 TEST 2 SPRING 2015
1. Economics is a social science that primarily explores
a. businesses market products under competitive
b. stock and bond prices fluctuate when there are changes
in demand or supply.
c. the government allocate
Sanders was hoping that the fervency of his supporters, particularly millennials, would
help him close the gap with Clinton in the state. It almost happened. Though the Sanders
campaign began operations in the state months after Clinton, it used a surge o
Part of the reason, executives said on the call, was that Salesforce often skipped over
the information technology department, an area where flat spending is expected this
year, and sold to other departments.
Some technology companies that have flagged po
Economics is a science
It uses the methodology of science to determine the nature of reality.
The scientific method consists of the four following steps:
Observations of nature
Deduction of natural laws
Formation of hypothesis generalizations
As usual in an OPEC meltdown, all eyes have turned to Saudi Arabia, the
worlds top exporter and architect of the cartels keep-pumping strategy as
it seeks to defend market share.
While the Saudis have deeper pockets than most of their OPEC peers, they
However, ITER, due to be completed in 2019, will never produce commercial energy. It
is a research facility designed to produce 500MW of fusion power from 50MW of energy
input for up to 1,000 seconds. In 2033 it is due to be replaced by a new-generation
High Commission on Human Rights, now runs the Mary Robinson
Foundation. She was here speaking in Cancn, Mexico,
whereDemocracy Now!will be broadcasting all week, the only daily
The market has rallied over the past three days on the possibility that OPEC and nonOPEC producers could come together for a coordinated production cuts to offset
But analysts and market watchers have been skeptical, saying it was unlikely a d
Drones 9ja shares some similarities in a number of ways, with the
company of Doca Formworks Nigeria Limited. Although the latter is
an Austrian based company, it has been in the country for the past
five years and equally offers training to users of its p
Any such deal would still not be a game changer. It
would really just maintain the excess supply that is now
in place," Thomas Pugh of Capital Economics said in a
But Standard Chartered said supply concerns due to
non-OPEC production cuts could driv
David Camerons recent speech on Life Chances attempted to reset the
agenda on policy to tackle poverty and deprivation. Four main strands of
policy were claimed to stem from four key insights from a more social
(dare one say evidence based?) approach to u
ECONOMICS 2301 CHAPTER 3 KEY TERMS & DEFINITIONS
CHANGE IN DEMAND: (
) Movement of the entire demand curve; the prices of related goods, income,
number of buyers, tastes, and expectations can change the demand for a good; that is, a change in one of these
One might contrast this surge of individual expression to the mass musical
culture that preceded it. The first system of universal elementary education
in Europe came in Protestant Germany, and included compulsory training
in four-part singing. The Protes
Fiorina, in contrast, is known for her relentless discipline and preternatural ability to
stay on-message. And while McCain made Palin a star, Cruz may end up tarnishing
Carlyafter all, shell be permanently linked to the guy who lost to Donald Trump
Alberta's Wildrose party says it doesn't regret characterizing Ontario Premier
Kathleen Wynne's province as a needy fiscal basket case, but says it was a
mistake to say it to her face in the legislature.
Nathan Cooper says the party never intended to emba
More than 30 years ago, the Sunday Times was taken in by
Saudi claims of imminent reforms inviting foreign journalists
to the country to learn of striking changes has long been a
Saudi routine but even then reporters spotted the real
problems of Riyadh an
Lamenting from the lectern, Sanders argued, "No one can legitimately
make the claim that approving this free trade agreement will
significantly increase American jobs." Rhetorically, he asked, "Then,
why would we be considering a standalone free trade agr