1) See above An economy operated at a full employment Then the economy went into recession This change is portrayed in the movement from A CtoB B FtoC C BtoE D CtoF 2) Mike buys a new cell phone He is willing to pay $900 for it, but buys one on sale for $680 Mike's consumer surplus is A) $240 B) $290 C) $220 D) $180 Possibility A Economics History I 98 4' II 84 51 III 67 63 3) Use the table above A student has only a few hours to prepare for two different exams The opportunity cost of scoring the 98 points on the economics exam rather than the 67 points is A) 11 points on the history exam B) 19 points on the history exam C) 8 points on the history exam D) 16 points on the history exam 4) The law of demand implies, holding everything else constant, that A) as the price of bagels increases, the quantity of bagels demanded will decrease B) as the price of bagels increases, the demand for bagels will decrease C) as the price of bagels increases, the quantity of bagels demanded will increase D) the price of bagels increases, the demand for bagels will increase

Question

1) See above  An economy operated at a full employment  Then the economy went into recession  This change is portrayed in the movement from  A CtoB B FtoC C BtoE D CtoF 2) Mike buys a new cell phone  He is willing to pay $900 for it, but buys one on sale for $680  Mike's consumer surplus is  A) $240  B) $290  C) $220  D) $180  Possibility A Economics History I 98 4'  II 84 51 III 67 63 3) Use the table above  A student has only a few hours to prepare for two different exams  The opportunity cost of scoring the 98 points on the economics exam rather than the 67 points is  A) 11 points on the history exam  B) 19 points on the history exam  C) 8 points on the history exam  D) 16 points on the history exam  4) The law of demand implies, holding everything else constant, that  A) as the price of bagels increases, the quantity of bagels demanded will decrease  B) as the price of bagels increases, the demand for bagels will decrease  C) as the price of bagels increases, the quantity of bagels demanded will increase  D) the price of bagels increases, the demand for bagels will increase

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Question

1) See above. An economy operated at a full employment. Then the economy went into recession. This change is portrayed in the movement from: A.CtoB

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