Econ 315 Exam 1
#1. PV Formula - PV = FV/(1+i)n #2. PVPerpetuity - = CF / I CF : Cash Flow I: Interest Rate #3. Perpetuity - No Growth #4. Value of a firm - PVFirm = Current Profit (1+i)/(I-g) g < I #5. "I" i...
amairani1104|3 years ago|±0|20 views
Environmental Economics 4340
#1. Social Value - measured by willingness to pay for a good(Demand curve) #2. Demand Curve - Measures willingness to pay #3. Marginal Utility - level of satisfaction drops within a time period as ...
Desiree_Picazo|2 years ago|±0|5 views
Econ Unit 2
#1. Trash cans and trash bags are examples of... - complements #2. This causes a movement along the demand curve, and not a shift - change in price #3. If a producer can get more money for her items...
elundstedt|5 years ago|±0|13 views
Econ 102 Exam 3
#1. Income statement - profit and loss statement #2. Net income - what's left after subtracting all accounting costs and taxes. #3. Accounting profit - the net income of a firm #4. Profit - define...
anw147|8 years ago|±0|84 views
formulas test 1
#1. GDP Income Method - national income + capital consumption + indirect taxes #2. GDP Value Added Method - Sum of the value added of all firms (VA method) #3. Value Added - a firm's total revenue ...
GlueMan1|1 year ago|±0|10 views
#1. According to Keynesian theory: a. fiscal policy can be used to move the economy toward Natural Real GDP b. to close a recessionary gap, contractionary fiscal policy should be used c. to close an i...
whatsyourname|8 years ago|±0|1,094 views
Political Econ Exam 1
#1. Specialization - method of production where a business area or economy focus on the production of limited scope of products or services to gain greater efficiency. #2. Law of Demand - A princi...
smromero|5 years ago|±0|20 views
Economics102 - Exam 1
#1. Scarcity - Exists when less of an item is available than required to satisfy everyone completely #2. Efficiency - Is the amount of goods produced using ecocide resources compared to the maximum ...
anw147|8 years ago|±0|156 views
#1. If nominal GDP $13,175 billion and the money supply is $1,550 billion, the velocity of money is: a. .118 b. .85 c. 8.5 d. 11.8 - c. #2. The velocity of money is equal to: a. the CPI divided by th...
whatsyourname|8 years ago|±0|693 views
#1. Economics is the study of - how society uses limited resources #2. The knowledge and skills acquired by a worker through education and experiences is a description of which factor of production...
AU2016|7 years ago|±0|1,601 views