Great job completing the Economics coursework. You are almost finished.
In order to complete the final exam, you will need to complete the problems in the Final Exam Excel Spreadsheet. You will find the directions directly on this Excel spreadsheet. There is NOT an additional Final Exam Direction sheet provided. If you have not already, you can download the Final Exam Resources in the links below.
You will not be able to complete the final exam without completing the problems in the Excel spreadsheet.
Once you have completed the spreadsheet problems, return to this page and click the green “Start Final Exam” button to start your Final Exam.
The final exam has 18 questions. After you pass the final exam with a 70% or better, you can view and print your BBO Economics Certificate of Completion.
Final Exam Summary
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Graph A represents:CorrectIncorrect
Graph B represents:CorrectIncorrect
Graph C represents:CorrectIncorrect
Graph D represents:CorrectIncorrect
When demand shifts up, prices move:CorrectIncorrect
When supply shifts up, prices move:CorrectIncorrect
When prices are set by government below the equilibrium price, it creates a:CorrectIncorrect
When prices are set by government above the equilbrium price, it creates a:CorrectIncorrect
When demand shifts down, prices move:CorrectIncorrect
When supply shifts down, prices move:CorrectIncorrect
Which curve represents perfect price inelasticity?CorrectIncorrect
What is the price at equilbrium?CorrectIncorrect
Which curve represents perfect price elasticity?CorrectIncorrect
What is the quantity demanded and supplied at equilibrium?CorrectIncorrect
What is the ATC at equilibrium?CorrectIncorrect
What is the difference between Price and ATC at equilibrium?CorrectIncorrect
What is the profit at equilbrium (Profit = Price x Quantity)?CorrectIncorrect
Is this graph for a market or an individual firm (assuming an efficient market)?CorrectIncorrect