Study Guides (248,220)
Canada (121,410)
Economics (205)
ECON 1050 (60)
H.Brand (1)
Midterm

Content of the Midterm, Questions and Answers from Review Lecture

3 Pages
348 Views
Unlock Document

Department
Economics
Course
ECON 1050
Professor
H.Brand
Semester
Winter

Description
Review Lecture ECON1050 Page 1 Midterm Saturday from 100 to 300 in ROZH 101 75 multiple choice questions1 short answer Cocktail Party EconomicsRead Chapters 1 to 5 short answer question is from Cocktail PartyMICROECONOMICS Review CHAPTER ONEdefinition of economics and microeconomicsdefinition of self and social interestopportunity costpositive and normative statementsCHAPTER TWOProduction Possibilities Frontier PPF o relate the PPF to opportunity cost o relate the PPF to the efficient use of resources o review The Rising Opportunity Cost of Foodpreferences and marginal benefitsallocative efficiencyeconomic growth o refers to a rotation of the PPF producers have the opportunities of producing more of a good fo
More Less

Related notes for ECON 1050

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit