ECN 6100 Winter 2016 Ch. 1 7
ECN 6100 Winter 2016 Ch. 1-7
All 1 results
Sort by
-
ECN 6100 Winter 2016 Ch. 1-7
- Exam (elaborations) • 13 pages • 2019
-
- $15.49
- + learn more
Question
1. A normative economic statement:
a. is a model used to collect data.
b. is a statement of fact.
c. is a statement of what ought to be, not what is.
d. indicates what will occur if certain assumptions are true.
2. If everyone expects the price of almonds to rise in the near future, what will happen to the market for almonds?
a. People will buy the same amount now.
b. People will buy less now, causing a decrease in demand.
c. The amount bought and sold today will increase.
d. The supply...
Fear of missing out? Then don’t!
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia