Economics > EXAM > ECON 200 Exam 1 2020 latest (All)

ECON 200 Exam 1 2020 latest

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Airlines have nowhere to store all the child seats and strollers so many flights are delayed. • Airplanes can only show G-rated movies. • Many families with infants now choose to drive instead of ... fly. • With all the infants in diapers on the flights, the smell is terrible. • Which issue comes from microeconomics? • Unemployment. • Inflation. • Foreign trade. • Grocery Shopping. • Which issue comes from MACROeconomics? • The price of the buffet at Cici’s Pizza is $4.99. • The national unemployment rate increased from 4.7 to 5.0% last month. • New hybrid cars save thirty percent more gas than conventional vehicles. • Many wine customers from Arizona choose to buy their favorites wines from vendors outside of Arizona in order to avoid high state taxes on alcohol. • Identify the normative statement? • Tickets to see the upcoming Fergie concert at McKale Centercost $35. • Being able to see Fergie perform live for $35 is a good deal. • Fergie’s favorite Black Eyed Peas song to perform is "Let's Get It Started." • Fergie’s debut solo album, The Dutchess, went platinum in both America and Japan. • Which of the following is a positive economic statement? • Tim Berg is the top DJ in the world. • Fade into Darkness is Avicii’s best song. • Levels has over 25,000,000 views on YouTube. • “Oh oh sometimes I get a good feeling” is the best part of Levels. • What is ceteris paribus? • It occurs when some of the endogenous variables in your model are incorrect. • It is when you fail to account for the effects of the exogenous variables. • It is when you leave out crucial endogenous variables. • It is when the variables that are not mentioned remain constan [Show More]

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