ECON 111 Study Guide - Midterm Guide: Nachos, Pencil, Price Ceiling
Document Summary
On the answer sheet provided, print your name, the name and section number of the class, and the date. Using an hb pencil, code your nsid in the box so marked. Answer all questions by completely filling in the circle whose letter corresponds to that of the best option for each question. Write down form b on the right hand corner of the opscan sheet. Electronic devices (cell phones, blackberries, electronic dictionaries, etc. ) are. Not permitted during the exam, with the exception of a simple calculator, without memory or e-mail functions and a paper dictionary. Identify the choice that best completes the statement or answers the question. ___: which of the following would not be considered a factor of production? labour land, capital, money. What is the opportunity cost to the economy of getting 30 additional toothbrushes by moving from point a to point d: 10 toasters, 15 toasters, 20 toasters, 25 toasters.
