Macro and Micro Unit 1- Practice Questions #1

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  • เผยแพร่เมื่อ 14 ธ.ค. 2024

ความคิดเห็น • 180

  • @123ROCKBOYX
    @123ROCKBOYX 9 ปีที่แล้ว +288

    Mr.Cliff, you raw AF, you explain concepts in like 4-5 min videos better than my teacher's 55 min lectures!!! You the real MVP!!!

  • @staticsnipezs1819
    @staticsnipezs1819 4 ปีที่แล้ว +25

    Timestamps to answers and explanations:
    1 & 2: 1:49
    3 & 4: 4:26
    5 & 6: 6:46
    7, 8, 9, & 10: 10:24
    11: 14:56
    12 & 13: 17:54

  • @gloriaa0214
    @gloriaa0214 9 ปีที่แล้ว +130

    Cutee daughter! Such a lucky girl to have such an amazing father! Love your videos!!!!

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +58

      +gloriaa0214 Thanks. Her name is Avery and she has mommy's looks and daddy's artistic abilities

    • @lluviadai96
      @lluviadai96 3 ปีที่แล้ว +1

      Ikr? so adorabe!!!

  • @lauryn6422
    @lauryn6422 8 ปีที่แล้ว +16

    You literally have taught me more in one hour than I learned in my 3 hour lectures this entire semester!
    Thank youuuuuuuuuuuuu

  • @laizacaroline380
    @laizacaroline380 4 ปีที่แล้ว +7

    I wish you were my teacher, your classes reminded me the reason why I chose to be an economist. Thank you! Greetings from Brazil

  • @janet19jones
    @janet19jones 6 ปีที่แล้ว +17

    I have an econ exam on Friday that I was soo scared for! Thank God I found your videos! Gonna keep watching all semester! Your videos are the BEST! Thank you!!!!

  • @王辰煜-c4t
    @王辰煜-c4t 5 ปีที่แล้ว +2

    Greetings! I'm an international student from China. I just want to thank you for providing these wonderful educational resources at the expense of sacrificing your time with your daughter. Thank you so much. Wish you have a nice day.

  • @AnnieMbenje-rc6ln
    @AnnieMbenje-rc6ln ปีที่แล้ว +1

    I just want to take this opportunity to thank you for you economics tutorial you made me like economics and pass my exams without going into class just watching on TH-cam. Keep on the good job.

  • @kisshenxdeadx677
    @kisshenxdeadx677 5 ปีที่แล้ว +4

    i am from malaysia. and i really love jacob clifford economics teachings . well explaination in each units . keep it up man!!!!

  • @andresmamafoundation6400
    @andresmamafoundation6400 5 ปีที่แล้ว +16

    Jacob Clifford is literally an absolute unit.

  • @Gaminglove619
    @Gaminglove619 8 ปีที่แล้ว +59

    your daughter is soo cute

    • @JacobAClifford
      @JacobAClifford  8 ปีที่แล้ว +8

      +Sufiyan Don Thanks. I'll be sure to tell her that for you.

  • @gribaaoumaima7091
    @gribaaoumaima7091 6 ปีที่แล้ว +22

    loved when his daughter showed up! that made me smile (n took my mind off the test 4 sec -_-)

  • @emilcipion1039
    @emilcipion1039 4 ปีที่แล้ว +11

    That cute break and I actually recognized the drawing.

  • @Ivkanka7
    @Ivkanka7 6 ปีที่แล้ว +1

    Your videos are really easy to understand, you explain it really well. When I finish my lessons with my teacher I have no idea what were we doing but you can explain it much better. Thanks

  • @iremedia
    @iremedia 9 ปีที่แล้ว +1

    Hey! I'm a Manchester Metropolitan accountancy student doing my very first economics exam next week! You make economics so easy to follow and learn, like seriously! Your videos are incredible! It really helps when there's some character behind the teaching, you've actually made me realise how boring my lecturer is! Hahaha. 10/10 for your videos! Feeling pretty confident after the notes and revision produced after watching all your videos. Thank you so much!

    • @Phantomdirt
      @Phantomdirt 8 ปีที่แล้ว

      +scott ireton I'll be studying Law there in September! What do you think of the place?

    • @iremedia
      @iremedia 8 ปีที่แล้ว

      The law school is attached to the business school and in some circumstances depending on what subject you do you'll have lectures and tutorials in each. Both schools are incredible to be situated in, the university provides all the help you need and the facilities you can use such as the library next door and the union are really cool places to study. You should enjoy it! Its my first year and i've really enjoyed it so far :)

  • @DylanRedd
    @DylanRedd 8 ปีที่แล้ว +6

    Thank you for these videos. I crushed my Mircoecon class, and am working on Macro. Just letting you know, you marked all of the questions wrong in question 8. Keep up the good work! I wish I had your videos for all of my classes!

  • @maciejstefanski36
    @maciejstefanski36 3 ปีที่แล้ว +2

    Jacob you are an absolute Chad being such a great economist and great father!

  • @gamenae6174
    @gamenae6174 2 ปีที่แล้ว

    I'm binge watching all your Microeconomics videos in preparation for my Microeconomics final tomorrow. Thank you Mr. Clifford!

  • @shakthivelkalkandu5137
    @shakthivelkalkandu5137 2 ปีที่แล้ว

    the best teacher i can ever dream of. THANK YOU Mr. Clifford.

  • @SamanthaCobin
    @SamanthaCobin ปีที่แล้ว

    Mr Clifford, you have changed my life, bless your soul.

  • @lmmdchurch
    @lmmdchurch 4 ปีที่แล้ว

    I just want to say your videos are going to be a lifesaver for me in this class! I'm doing online school and it was hard to understand just from reading the book. I love these videos!! Also your daughter is so sweet!

  • @juanafilla9549
    @juanafilla9549 5 ปีที่แล้ว

    Your videos are extremely detailed and the speed of your explanations is great!

  • @NATARAJUPSCCLASSES
    @NATARAJUPSCCLASSES 5 ปีที่แล้ว +2

    You taught us amazing thing during that moment with your daughter!!

  • @h.i.sjoevall4213
    @h.i.sjoevall4213 5 ปีที่แล้ว +5

    Jacob your human capital is really impressive! ;) Tnx for all the great videos!

  • @cecillbill
    @cecillbill 8 ปีที่แล้ว

    These videos are a godsend. Better than my textbook!

  • @tolgonai9042
    @tolgonai9042 7 ปีที่แล้ว +1

    These tests are also informative because sometimes everything except one word is correct, and you start the realize the difference.

  • @tameratesamwel
    @tameratesamwel 2 หลายเดือนก่อน

    You are the absolute best!! your daughter is so adorable and I'm so happy you are here to give extra help to students like myself. I wish you all the best and 100000%will be subscribing and watch all your videos to help me out in my ap Econ class!!

  • @pooja8140
    @pooja8140 3 ปีที่แล้ว +1

    Your videos are so helpful. Thank you for everything you do!

  • @kryziaa
    @kryziaa 8 ปีที่แล้ว

    8/13, I go to a cheap institution in the Philippines where my economics teacher is also the cashier. And since she's busy, her solution is to give us the answers for the all the major exams. In addition, she does not give us any handouts to study. Sometimes I skip classes and learn from your videos instead. #noregrets

  • @AuthorSourayaChristine
    @AuthorSourayaChristine 8 ปีที่แล้ว

    Just wanted to say thank you for these videos. I appreciate you doing this because I haven't really understood Microeconomics, and must take my final exam on Monday. I look forward to learning all I can here!

  • @jannielmckenzie5932
    @jannielmckenzie5932 8 ปีที่แล้ว

    Thank you so much!!!!!!!!!!!!!
    Before i watched your videos i was blank ...but now i am grasping theses concepts.. thanks much and i'll continue to watch so as to get a full understanding of Economics.

  • @amandamunyoro6115
    @amandamunyoro6115 3 ปีที่แล้ว

    You have literally become my teacher thank you, all the way from zimbabwe

  • @CharityNtenda-q6f
    @CharityNtenda-q6f 2 หลายเดือนก่อน

    Thank you very much for all the teachings, personally speaking this is very help. Continue the great job🙏

  • @Lughovalos
    @Lughovalos 7 ปีที่แล้ว +1

    I really enjoyed this a great deal more than the DFTBA econ videos, and learned a lot more too. Thanks for being actually awesome....

  • @rickiemarty1014
    @rickiemarty1014 6 ปีที่แล้ว

    I would like to say the Review Pack did not only help me pass my Collage Macro Final but my Micro as well.. I now name you Sir Jacob Clifford because your review packet and videos were my knight in shining armor❤❤

  • @brigettegalvez2850
    @brigettegalvez2850 9 ปีที่แล้ว +14

    I tried answering these questions and I got most of them right!😆 I still remember Econ, yay! Oh and miss ya Mr. Cliff😊

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +2

      +brigette galvez Awww, Brigette. I miss you too. Say hi to anyone I know for me.

  • @justniccicarter
    @justniccicarter 8 ปีที่แล้ว +32

    I thought you and this video were the coolest things ever today... wrong! It's definitely your gorg daughter!

  • @mang3139
    @mang3139 5 ปีที่แล้ว

    My favorite econ teacher AND dragon!! Good job Clifford's!

  • @rajkumar-xg3iy
    @rajkumar-xg3iy 7 ปีที่แล้ว

    Great videos , keep it up. No need to take college classes , clep them out with this awesome material

  • @85domz
    @85domz 8 ปีที่แล้ว +3

    awww ur daughter is soooooo cute and such an artist!!

  • @gunjanjain3126
    @gunjanjain3126 5 ปีที่แล้ว +1

    Father of economics ( Traditional ) - sir Adams smith. ................... father of economics ( modern )- sir Jacob Clifford

  • @alyali8637
    @alyali8637 7 ปีที่แล้ว

    dude ... you are the real deal .. keep up the good work .
    but try to slow down a bit when explaining complicated stuff .

  • @brianchakwana228
    @brianchakwana228 7 ปีที่แล้ว

    You are the best ecoz teacher Mr Cliff

  • @kingsleyakpeji5447
    @kingsleyakpeji5447 5 ปีที่แล้ว +2

    Thank you for these videos Mr. Clifford. Although I am not an Economics major, you have made it easy for me to apprehend the fundamental concepts of Economics. I actually aim to complement my Engineering training with knowledge of Economics and Finance.
    P.S. I am not able to click the links you suggest in the videos. Any suggestions on how I can work around this?

  • @nicosimonsta
    @nicosimonsta 8 ปีที่แล้ว

    Thanks so much for your videos, that helps a lot and the review packet too; I have a micro book and I understand way better with your videos than with the book. The MCQ are great training, continue that way!!

  • @mico7368
    @mico7368 7 ปีที่แล้ว

    Wow, I thought I was 100% on these concepts until this quiz. Thanks for the review. I had some wrong answers. Also, it was adorable to see the little real-life application between #10 and #11.

  • @relalisb
    @relalisb 6 ปีที่แล้ว

    Great quiz and thorough explanations to the solutions. Thanks a lot!

  • @mse5842
    @mse5842 6 ปีที่แล้ว +1

    How to train Ur Dragon is my 3rd fav franchise,
    Seconds being the MCU
    and Fav being Star Wars

  • @eminkilicaslan8945
    @eminkilicaslan8945 2 ปีที่แล้ว +1

    "I love youuu... alrightgetoutofhere." lmao.

  • @hanaa1339
    @hanaa1339 6 ปีที่แล้ว

    I should have just gave you my tuition for my economics class! thank you so much!

  • @jerryzhao3026
    @jerryzhao3026 5 ปีที่แล้ว

    Thanks Mr. Clifford. you saved my econ

  • @339059331
    @339059331 6 ปีที่แล้ว

    Mr. Clifford, the video is amazing! thanks very much for all of this!

  • @Insomniac4791
    @Insomniac4791 4 ปีที่แล้ว

    You are my hero! Starting a masters programme after 25 years away from school. The first economics class caught 99% of us off guard, then someone linked to your video. Thank you, thank you, thank you! And... your daughter is super cute, excellent artist!

  • @xaviervently781
    @xaviervently781 6 ปีที่แล้ว +1

    finished AP macro, here to review for MICRO!

  • @85domz
    @85domz 8 ปีที่แล้ว

    so I am getting a massive head start on next years microeconomics subject. I came across your videos and already things are so much more clearer than when I was only reading the prescribed textbook. Everything about the videos are great, I love how you have presented the information and the content is explained in a simple and clear way. I honestly feel I have hit the jackpot haha can u make videos for all my commerce subjects!!!!

  • @robbenhenriques6967
    @robbenhenriques6967 3 ปีที่แล้ว +1

    awesome work .. these videos really helps

  • @nephasmoyo115
    @nephasmoyo115 5 ปีที่แล้ว

    Awesome thanks! i tested my knowledge so well with you explaining it made it even better and easier

  • @cindyhicks6126
    @cindyhicks6126 7 ปีที่แล้ว

    These are great videos. You have a great knack for teaching, I can't think of constructive criticism for you, sorry.
    But thank you for making such a difficult subject relatively easy. You speak pretty fast, but I can pick it up.
    And I did know what your daughter's drawing was. That was a really really good drawing.

  • @thailoushkaevina7568
    @thailoushkaevina7568 6 ปีที่แล้ว

    Hi thank you so muc MR Clifford .... Your lessons are so nice am seeing my self understanding things i could never do ...am thaking my exams this monday and am very happy falling on your videos.. am in Africa .

  • @nedafar6973
    @nedafar6973 5 ปีที่แล้ว

    I baught the review last night and now I just finished the videos of units. I;m going to start practices and my exam is tomorrow OMG . hellllllp

  • @honghenry2524
    @honghenry2524 4 ปีที่แล้ว

    wow,you made many things clear for me, thanks so much for making these videos!

  • @s.s4178
    @s.s4178 5 ปีที่แล้ว +1

    Thank you so much, very helpful🖒

    • @jabunxumalo3750
      @jabunxumalo3750 5 ปีที่แล้ว

      Sbaning sididekile la I'm writing my exam in May kubi 😂 😂 😂

    • @nomor8018
      @nomor8018 5 ปีที่แล้ว

      aHR0cHM6Ly93d3c1LnppcHB5c2hhcmUuY29tL3YvVnppdFhRcU8vZmlsZS5odG1sCg==
      Your welcome ;)

  • @hannahjoycheng
    @hannahjoycheng 7 ปีที่แล้ว

    tbh you're saving me rn! Love the format of this video

  • @eshararandeniya3622
    @eshararandeniya3622 8 ปีที่แล้ว

    Thank you so much!!! Great way to see if I can really handle it and have confidence. Annnnd your daughter is so ADORABLE !!!!

  • @kuroneko9327
    @kuroneko9327 2 ปีที่แล้ว

    If I discovered your channel 5 years ago, I might've didn't have to repeat my freshman year for the fourth time.

  • @emmaculatemhere7906
    @emmaculatemhere7906 7 ปีที่แล้ว

    thanks you so much for all these videos they are really really helping me

  • @funhax7597
    @funhax7597 7 ปีที่แล้ว

    How did i not found this channel earlier!!

  • @maplestage1794
    @maplestage1794 9 ปีที่แล้ว +14

    Hi Mr. Cliff, I have a question about question 10. I'm not sure why B is incorrect. If we reduce unemployment, therefore increasing the amount of workers, shouldn't the curve expand ? Choice E reduces the working age, also increasing the amount of workers, but it is the correct choice. I know from what you said in the video that unemployment would place the point inside the curve, and reducing it would push it towards the edge of the curve, but how is that different from hiring underage workers ? If we have underage workers that could be expanding the curve, but they are not working, isn't that same as unemployment relative to the question? That is, people that could be expanding the curve but aren't ? I guess it depends on laws and the interpretation of "efficient" relative to the total amount of possible workers... Sorry for the long question, I'm just a bit confused. Thanks for the videos btw, I'm using them in addition to my ap classes.

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +25

      +maple stage Great question. I'm going to focus on your statemen "If we reduce unemployment, therefore increasing the amount of workers, shouldn't the curve expand?". Notice that reducing unemploymnet doesn't change the number of people we have, it just changes how we are using them. So less unemploymnet doesn't mean more workers. To be fair, changing the working age doesn't change the number of people we have either, but it does mean that we have more of a resource that we didn't have access to before. It is kind of like after WWII more women went to work. That shifted the curve outward. Does that make sense?

    • @maplestage1794
      @maplestage1794 9 ปีที่แล้ว +7

      Yes, thanks for the clarification Mr. Cliff

    • @MrAdilson54321
      @MrAdilson54321 6 ปีที่แล้ว +1

      @@JacobAClifford Great clarification! I got question 10 wrong for the very same reasons Maplestage pointed out.Thank you!

    • @lebogangmoichela7879
      @lebogangmoichela7879 5 ปีที่แล้ว

      The way I understood it, increased unemployment means we have an employable pool of x quantity, but not using them all, therefore = ineffieciency. In decreasing employment age, that means we have an employable pool of x + "new group" (increase in resources) and we're using all of them (efficiency) , therefore a shift in the PPF/PPC.

  • @vincepeterson2834
    @vincepeterson2834 5 ปีที่แล้ว +1

    Thank you

  • @jacksonlim4818
    @jacksonlim4818 7 ปีที่แล้ว

    I like your videos, they are very helpful. Thank you for making them!

  • @mariambaratashvili469
    @mariambaratashvili469 6 ปีที่แล้ว

    I get the answer of question 11, however, what if we were to compare point B an C? would full specialization in capital goods result a better future outcome? or is outcome for mixed goods better?

  • @alexawhatsmedschoolike
    @alexawhatsmedschoolike 8 ปีที่แล้ว

    Love the format! Thanks Mr. Clifford :D

  • @jessicamuthoni3505
    @jessicamuthoni3505 6 ปีที่แล้ว

    GOD BLESS YOU..NO IMPROVEMENT IT WAS ALL GREAT

  • @abosseydivineblessing539
    @abosseydivineblessing539 2 ปีที่แล้ว

    I like the way you teach

  • @michaelshokry6289
    @michaelshokry6289 8 ปีที่แล้ว

    Hey Mr. Cliff,
    I feel like for question 11, D could also be correct because if the economy becomes more efficient that is implying that we are also efficient in resources and production, therefore we are able produce more which then moves the curve outwards. For example, If I was able to produce 10 cars with one unit of resources, being more efficient implies I can produce say 12 cars per unit as an extreme point. Which then shifts the curve because I, as an industry am able to produce more because I have become more efficient.
    Please let me know If there is something I'm missing.
    Thanks

    • @JacobAClifford
      @JacobAClifford  8 ปีที่แล้ว +2

      You are confusing the word "efficient" with "productive". The PPC assumes that the economic is already as efficient as possible. In other words, you can't get more efficient with the current resources. But, if you have new resources, new technology, or new ideas that make you more productive then that would shift the curve.

  • @TADSCHIKEE
    @TADSCHIKEE 9 ปีที่แล้ว +1

    Mr.Cliff Your Job was really good in this Video but truly speaking - Avery's a bit better ;) Standing Ovation for HER!!!!

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +2

      +TADSCHIKEE I will pass that along to her. I just hope that she doesn't get all big headed:)

  • @satnamsingh-ws4qf
    @satnamsingh-ws4qf 4 ปีที่แล้ว

    I enjoy your class

  • @marshakerr1036
    @marshakerr1036 5 ปีที่แล้ว

    @Jacob Clifford......Where can I get the 2019 e-packets to buy and do I have to buy a separate one for each unit or its one purchase and I access everything?????

  • @mussiekidanu197
    @mussiekidanu197 4 ปีที่แล้ว

    You are the best, I swear to God how can I repay you?

  • @matildakalunga302
    @matildakalunga302 2 ปีที่แล้ว

    Great helping 😊😊

  • @amandafaku924
    @amandafaku924 5 ปีที่แล้ว +1

    You are gift

  • @potionseller1024
    @potionseller1024 6 ปีที่แล้ว +2

    Your daughter is adorable!

  • @teyguanhong1281
    @teyguanhong1281 8 ปีที่แล้ว

    nothing else to say except 'THANKS A BILLION'!!!!!!!!!!!!

  • @z72219
    @z72219 2 ปีที่แล้ว

    for #9 what does "resources are not easily adaptable" mean?

  • @AkashSingh-hq1nf
    @AkashSingh-hq1nf 6 ปีที่แล้ว

    thanks for making this amazing videos its really helped me a lot.

  • @benirabinowitz8579
    @benirabinowitz8579 6 ปีที่แล้ว

    Hey Mr. Clifford, couldn't firms be both suppliers and demanders in the resource market? I.e. consulting firms supplying "human capital" to other firms

  • @oddproductions.4714
    @oddproductions.4714 8 ปีที่แล้ว

    bought the pack, but where can i find the answers to the questions?!

  • @shemarbowen3411
    @shemarbowen3411 6 ปีที่แล้ว

    i only got 2 questions incorrect 10 and 12 great job on the videos

  • @jimmyku5070
    @jimmyku5070 7 ปีที่แล้ว

    I feel more ready for my exam with these videos than with the tutors 😐

  • @jaredwalker8065
    @jaredwalker8065 8 ปีที่แล้ว

    Hey Mr. Clifford! Thanks for the awesome vid. I'm in college now and am taking Macro for this quarter. Do you believe your vids will suffice for the collegiate level too?

  • @nadayoussef5146
    @nadayoussef5146 6 ปีที่แล้ว

    thank you so much you're a greaaattt teacher by all means! bless ya

  • @bekimalibongani9109
    @bekimalibongani9109 4 ปีที่แล้ว

    How can you get a review packet 😟

  • @ismailmideeyeofficial4900
    @ismailmideeyeofficial4900 4 ปีที่แล้ว

    How can I get this video as a pdf

  • @Almer60
    @Almer60 7 ปีที่แล้ว

    Thank you sir for your clarity

  • @Clownzodi
    @Clownzodi 5 ปีที่แล้ว +1

    why did u cross out e if its right

  • @louisgaming7479
    @louisgaming7479 4 ปีที่แล้ว

    Excuse me. I have a question about question 11 option D. If we can produce something more efficiently, which means we can produce more thing with a certain amount of resources. In other words, that will lead to the shift of the curve(I am a Chinese student, so maybe have some grammar mistake. )thanks!!!

  • @keithkeeler2434
    @keithkeeler2434 5 ปีที่แล้ว

    I don't know if you're still active here, but I didn't quite grasp towards the end. Basically before the double curve shift. I keep wanting to believe that when the price goes up, the demand goes down. (Hold A.S., currently a Junior at WGU studying B.S. of Business Mgmt.)

  • @annezhang6101
    @annezhang6101 6 ปีที่แล้ว

    Mr. Cliff, real OG

  • @cheyennelawrence8794
    @cheyennelawrence8794 4 ปีที่แล้ว

    is it still possible to get the ultimate review packet? I am taking Econ this fall and want to prepare prior to taking the classes.

  • @anthello
    @anthello 5 ปีที่แล้ว

    Hello Mr. Clifford, do you have videos covering intermediate Micro...this course I am doing is called Microeconomic Theory. We are using a book from Hal Varian (Microeconomic Analysis 3Ed)...here we cover topics such as Technology, Production and Cost Functions in detail like the mathematics of these functions...If you have some videos on these it would be great. How can I contact you?