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About Exam 1 Review Sheet
Exam #1 will cover material from Chapters 1-4 of the class including key topics like supply and demand, opportunity cost, comparative advantage, and price controls. Students can expect around 11 questions on micro vs. macroeconomics and thinking like an economist from Chapter 1. Chapter 2 will have around 10 questions covering topics such as scarcity, production possibilities curves, and comparative advantage. Chapter 3 will have 13 questions involving exchange, shifts in supply and demand, and consumer and producer surplus. Finally, Chapter 6 will have 6 questions on minimum wages, price ceilings and floors, and different types of rationing. Students are advised to review their class notes, including the supply and demand graphs showing the effects of shifts versus movements along
Detailed Information
| Author: | ['Arsh Chopra'] |
|---|---|
| Publication Year: | 2011 |
| Pages: | 3 |
| Language: | English |
| Format: | |
| Price: | FREE |
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