LIN Economics Final Review

Which of the following is an aspect of inelastic demand?

Which of the following best describes an oligopolistic market?

What does point X represent in the PPF?

Which of the following is an example of complementary goods

Increasing the money supply will lead to a

The study of economics is about

The expression,"There's no such thing as a free lunch,"implies that

Which of the following will cause a shift ALONG the supply curve

If Joe is in between jobs, what type of unemployment is it?

A stimulative fiscal policy will cause

A price floor is always:

Which of the following is NOT a tool of fiscal policy

Public utility companies like PG&E are examples of:

What would happen to the PRICE of Christmas trees if the SUPPLY DECREASES due to recent fire?

Which of the following are complementary goods?

What is your opportunity cost of going to college?

Which of the following does NOT cause a SHIFT of the demand curve?

Which of the following is NOT a factor of production?

This is NOT a basic economic question society must face

Unemployment that results from economic downturns or recessions is:

What is a unique trait of monopolistically competitive markets?

The wheat industry is an example of what type of market structure ?

A price ceiling is: 

What would likely INCREASE the DEMAND of oranges?

Keynes supports

An example of contractionary monetary policy is:

Which of the following causes a shift ALONG the demand curve?

What is NOT an example of a public good?

HIV medication is an example of what kind of demand?

Which of the following is NOT a tool of MONETARY policy

What is a negative externality?

To counteract a recession, the Fed should:

The demand for consumer goods during the holidays will shift to the

What is NOT included in GDP?

Which of the following explains why a PPF curve is often concave (bowed out) from origin?

A person or nation that has a comparative advantage in the production of a good, should _____.

In which of the following market structures do firms recognize their mutual interdependence?

Which of the following is a factor price elasticity of demand?

What would create a surplus of wheat?

Which of the following does NOT shift the supply curve?

If the economy is in a recession, what should FED (central bank) do?

Which of the following is an example of a positive externality?

An example of expansionary fiscal policy is: