Centrally planned economy Study guides, Class notes & Summaries
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ANSC 1401 Final Exam Review
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ANSC 1401 Final Exam Review 
Cortisol - answera hormone produced by the adrenal cortex. It is elevated during stress and 
has been used as a gauge for degree of stress an animal is under 
Dark Cutter - answeran animal which is stressed at the time of slaughter 
Flight or fight response - answerresponse to a perceived harmful event , attack, or threat to 
survival 
Flight zone - answerthe distance that an animal is caused to flee from the intruder, animal's 
personal space 
Point of balance - an...
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ANSC 1401 Final Exam Review
- Exam (elaborations) • 16 pages • 2024
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ANSC 1401 Final Exam Review 
Cortisol - answera hormone produced by the adrenal cortex. It is elevated during stress and 
has been used as a gauge for degree of stress an animal is under 
Dark Cutter - answeran animal which is stressed at the time of slaughter 
Flight or fight response - answerresponse to a perceived harmful event , attack, or threat to 
survival 
Flight zone - answerthe distance that an animal is caused to flee from the intruder, animal's 
personal space 
Point of balance - an...
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ECO111 Full questions and answers correct 100%| 2023 update
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ECO111 Full questions and answers correct 100%| 2023 updateECO111 Full questions and answers correct 100%| 2023 update 
 
QN=1 (17143) The marginal benefit John gets from eating a fourth cheeseburger at a picnic is 
a. the total benefit John gets from eating four cheeseburgers minus the total benefit John gets from eating three cheeseburgers. 
b. the same as the total benefit of eating four cheeseburgers. 
c. less than the marginal cost of eating the fourth cheeseburger since he chose to eat th...
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IB Economics HL 2023
- Exam (elaborations) • 9 pages • 2023
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IB Economics HL 2023 
Ceteris paribus - ANS-all other things are being held equal 
positive economics - ANS-matters of economics that can be proven to be right or wrong 
by looking at the facts 
normative economics - ANS-matters of economics that are based upon opinion and so 
are incapable of being proven to be right or wrong 
scarcity - ANS-the limited availability of economic resources relative to societys 
unlimited demand for goods and services 
land - ANS-the physical factor of producti...
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WGU - D089 - Principles of Economics Test Questions and Answers 2023 Graded A
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Macroeconomics - A branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole 
 
Microeconomics - A branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms 
 
Scarcity - The basic economic problem; the gap between limited, scarce , resources and theoretically limitless wants 
 
Opportunity cost - The next b...
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MACRO Final Exam With Complete Solutions 2024
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The study of economics arises due to - correct answer-Scarcity 
 
Economics is the study of the _______ people make to attain their goals, given their ______ resources. - correct answer-Choices; scarce 
 
Which of the following best describes an assumption economists make about human behavior? - correct answer-They assume that rational behavior is useful in explaining choices people make even though people may not behave rationally all the time. 
 
Consider the following statements: 
1. Consume...
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ECON 201 EXAM #1 TERMS!!
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ECON 201 EXAM #1 TERMS!!
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Econ 102 - Test 1 Questions and Answers Graded A
- Exam (elaborations) • 9 pages • 2023
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Econ 102 - Test 1 Questions and Answers Graded A What does economic activity revolve around? Production 
What drives economic activity? Spending 
Per Capita GDP Gross Domestic Product/Population 
Gross Domestic Product/Population is the same thing as Production/Population 
GDP shows what? Productivity, income, and/or standard of living 
Expenditures = Income 
Production = Income 
The study of how society chooses to allocate its scare production resources Economics 
Labor Mental and physical skil...
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ECON 101 DSM 2 Exam - Questions and Answers
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ECON 101 DSM 2 Exam - Questions and Answers Contracts, insurance, patents, and accounting rules are: inventions that make the market work better The principle of increasing marginal opportunity cost states that the more resources are devoted to any activity, the ________ the payoff to devoting additional resources to that activity Smaller An outward shift on the PPF curve is most lively caused by: a technological advance that affects both variables In what type of economy does the government d...
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IB Economics HL 2023
- Exam (elaborations) • 9 pages • 2023
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IB Economics HL 2023 
Ceteris paribus - ANS-all other things are being held equal 
positive economics - ANS-matters of economics that can be proven to be right or wrong 
by looking at the facts 
normative economics - ANS-matters of economics that are based upon opinion and so 
are incapable of being proven to be right or wrong 
scarcity - ANS-the limited availability of economic resources relative to societys 
unlimited demand for goods and services 
land - ANS-the physical factor of producti...