Safari File Edit View History Bookmarks Window Help 11119 6 0 4 Q 8 Sun Dec 11 2:06 PM HI V ocmoodle.oldscollege.ca 4) C + 88 H Olivers Lesso... c | Cheg... x Final EX... Cours... 15 Sign in Solve.. D DAZN .. Watch... ) 8 HDOnl... 90 Watch... UFC 2... OLDS COLLEGE OF AGRICULTURE & TECHNOLOGY My Courses Olds College Resources * Student Support 3Emmanuel Mukolo ECN 1010-41-40118 (FA22) Final Exam - Comprehensive - Chapters 1-12: Part 1 - Take Home Portion icing Pont Participants Grades Quiz navigation Question 24 Match the definitions and terms: Not yet answered 2 3 4 5 6 Points out of 4.00 ECN 1010 - Microeconomics Flag question 8 9 10 17 12 Economics Toolkit Concept of specialization Choose... 13 14 15 16 17 18 G Chapter 1 - The Economic General Problem 19 20 21 22 23 24 definition of Market Choose... G Chapter 2 - Demand and 25 26 27 28 29 30 supply Supply: An Introduction 31 32 33 34 35 36 An inferior product Choose... G Chapter 3 - Demand and 38 Supply: An Elaboration 37 39 40 41 42 A normal product Choose... 43 44 45 46 47 48 Chapter 4 - Elasticity Price ceiling Choose... 49 50 51 52 53 54 Chapter 5 - Consumer Price floor Choose... Choice 55 56 57 58 59 60 G Chapter 6 - A Firm's 61 62 63 64 65 66 Production Decisions and Costs in the Short Run 67 1 68 69 70 71 72 DEC 11 mm O X TSni Safari File Edit View History Bookmarks Window Help E11120 L (9 ., . U H ocmoodleoldscollegeca 1" C "I Final Ex... ()ours._ *1 Sign in ' [Solve... DAZN... Watch... in A |:| 9129552515555 a My Courses ' Olds College Resources ' Student Support V / / I 3EON10104140118 FA22 ' ' l l )I _ _ _ICIng 1'... Participants Question 24 Match the definitions and terms: Not yet answered 6 . . . P t t f4.0 ECN 1010 - Microeconomics : om sou o o F Fla uestion 17 9 q Economics Toolkit I J Choose... T A government regulation stipulating the minimum price (e.g. min wage) which can be charged (paid) for a product mama\" - The Economic I It is a product which consumers substitue less of it as their incomes decrease Problem This is a product which consumers buy less of as their incomes increase Grades QUiZ navigation The surplus over and above the market demand Caapter 2 Demand and Supply: An Introduction Different nations have different opportunity costs of producing goods Different individuals value goods differently The total supply of a product offered by all producers This is a product which consumers buy more of as their incomes increase An agreement between firms stipulating the maximum price that they will sell a product for C'iapter 3 - Demand and Supply: An Elaboration A government regulation stipulating the maximum price which can be charged for a product "-v v-mu-v ' miuusc... aapter 4 - Elasticity napter 5 - Consumer Price floor Choose... aoice aapter 6 - A Firm's Production Decisions and Costs in the Short Run