Econ 1002h Study guides, Class notes & Summaries
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ECON 1002H Economics 2100 Lecture Notes TEST BANK Questions and Answers Chap 1 - 16
- Exam (elaborations) • 161 pages • 2022
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Economics 2100 (formerly Economics 10.1) 
Lecture Notes 
Note that Economics 2100 was formerly known as Economics 10.1 
This document contains lecture notes for many of the topics to be covered 
this term. I encourage you to review this material as the term progresses. 
The contents of this file are provided below. 
Chapter 1 - Production Possibility Frontier, Opportunity Cost, and Marginal 
Opportunity Cost 
Chapter 2 - Shifts in Demand/Supply vs. Movements along these Curves 
Chapter 3 - Elast...
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macroeconomics notes chapters 1-6
- Class notes • 8 pages • 2023
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This document is a collection of notes based on various lectures, presentations, and online resources. I have divided each section by chapters and included diagrams and examples.
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Exam (elaborations) ECON 1002H Economics 2100 Lecture Notes Questions and Answers Chap 1 - 16
- Exam (elaborations) • 161 pages • 2022
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Economics 2100 (formerly Economics 10.1) 
Lecture Notes 
Note that Economics 2100 was formerly known as Economics 10.1 
This document contains lecture notes for many of the topics to be covered 
this term. I encourage you to review this material as the term progresses. 
The contents of this file are provided below. 
Chapter 1 - Production Possibility Frontier, Opportunity Cost, and Marginal 
Opportunity Cost 
Chapter 2 - Shifts in Demand/Supply vs. Movements along these Curves 
Chapter 3 - Elast...
-
ECON 1002HMicroeconomics - Practice questions 2
- Exam (elaborations) • 12 pages • 2022
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ECON 1002HMicroeconomics - Practice questions 2 
ECON 1002HMicroeconomics - Practice questions 2 
ECON 1002HMicroeconomics - Practice questions 2 
ECON 1002HMicroeconomics - Practice questions 2 
ECON 1002HMicroeconomics - Practice questions 2 
ECON 1002HMicroeconomics - Practice questions 2 
ECON 1002HMicroeconomics - Practice questions 2
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Baruch College, ECON 1002H Microeconomics - Practice questions 2
- Exam (elaborations) • 12 pages • 2021
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Baruch College, ECON 1002H Microeconomics - Practice questions 2
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ECON 1002H-Microeconomics - Practice questions 2
- Exam (elaborations) • 12 pages • 2021
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ECON 1002H-Microeconomics - Practice questions 2 
 
3. As depicted in _________________________________, it is necessary to give up some of one 
good to gain more of the other good. 
A. the production possibilities frontier 
B. allocative efficiency 
C. scarcity 
D. utility 
Answer: A 
7. Why is there scarcity? 
A. Because the opportunity set determines this. 
B. Because theory dictates it. 
C. Because our unlimited wants exceed our limited resources 
D. Because human wants are limited. 
Figure ...
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Exam (elaborations) Macroeconomics (ECON 1002H)
- Exam (elaborations) • 3 pages • 2021
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16. A severe freeze has once again damaged the Florida orange crop. The impact on the 
market for orange juice will be a rightward shift of: 
micro
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ECON 1002HMicroeconomics Practice questions 3
- Exam (elaborations) • 3 pages • 2021
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ECON 1002HMicroeconomics Practice questions 3
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ECON 1002HMicroeconomics Practice Questions
- Exam (elaborations) • 1 pages • 2021
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ECON 1002HMicroeconomics Practice Questions
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ECON 1002H Microeconomics - Practice questions 2 2021 questions and answers
- Exam (elaborations) • 12 pages • 2020
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ECON 1002HMicroeconomics - Practice questions 2 
 
 
3. As depicted in _________________________________, it is necessary to give up some of one good to gain more of the other good. 
 
A. the production possibilities frontier 
B. allocative efficiency 
C. scarcity 
D. utility 
 
7. Why is there scarcity? 
 
A. Because the opportunity set determines this. 
B. Because theory dictates it. 
C. Because our unlimited wants exceed our limited resources 
D. Because human wants are limited. 
 
 
 
 
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