Miscellaneous Quiz / EHS Econ 2016

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What (if anything) do you remember from AP Econ?

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HintAnswer
When Each Customer is Charged His/Her Willingness to Pay
Having the Lower Opportunity Cost
a Good for Which Demand Increases As Income Increase
the Next Best Option
Deliberate Government Actions to Affect the Economy
When the Quantity Demanded Isn't Affected by a Change in Price
Factors of Production
the Sum of Frictional and Structural Unemployment
the Fraction of an Additional Dollar of Disposable Income that is Saved
an Event that Causes the Supply and Demand Curves in an AS-AD Model to Move in the Same Direction
Utility of the Last Unit Consumed
Policy to Shift the AD Curve Left
When a Currency Decreases in Value Compared to Another
FED Actions
the Fraction of an Additional Dollar of Disposable Income that Would Be Spent on Consumption
a Market With One Buyer
a Tax that Rises More than in Proportion to Income
a Combination of High Inflation and a Decrease in GDP
Costs that Have Already Been Paid for and can't be Recovered
Profit Maximizing Rule for PC firms
HintAnswer
the Law Stating the Decrease in Marginal Utility When Consumption Increases
A Game-Theory Strategy that is Preferable No Matter the Other Player's Actions
A Large Number of Firms that Produce Identical Products
Government Taxing and Spending Policy
the Percentage of the Work Force Currently Jobless and Searching for a Job
Fluctuations in Economic Activity
a Good whose Demand Increases As Income Decreases
the Sum of Fixed and Variable Costs
the Difference Between the Price and the Consumer's Willingness to Pay
Allocative Efficiency
Profit Maximizing Rule for Imperfect Competition
a Minimum Market Price Above Equilibrium
Marginal Revenue Product
the Difference Between the Price and the Seller's Cost
the Curve Showing the Relationship Between Unemployment and Inflation
A Good that is Nonrival and Nonexcludable in Consumption
a Market With One Seller
Benefits or Costs that Affect Parties Uninvolved With a Transaction
Nominal Interest Rate
Buying and Selling of US Bonds by the Fed

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Created May 31, 2016ReportNominate
Tags:2016, econ, remember

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