ECON 312 WEEK 1 TO 7 QUIZZES
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Question 1. Question : (TCO 1) Economics is the study of
Question 2. Question : (TCO 1) The key economic concept that serves as the basis for the study of economics is
Question 3. Question : (TCO 1) From an economic perspective, when a student decides to attend another year of college, the student has concluded that the marginal
Question 4. Question : (TCO 1) Which is considered to be an economic resource by economists?
Question 5. Question : (TCO 1) A movement along the production possibilities curve would imply that
Question 6. Question : (TCO 1) Which would not be characteristic of a capitalist economy?
Question 7. Question : (TCO 1) The development of CDs and DVDs that significantly reduced the market for cassette tapes would be an example of
Question 8. Question : (TCO 1) Which of the following would be primarily determined in the resource market?
Question 9. Question : (TCO 1) By free enterprise, we mean that
Question 10. Question : (TCO 1) Which is the main problem with the barter system of exchange? Barter
Question 11. Question : (TCO 1) Josephine makes $100 a day as a flower shop attendant. She takes off two days of work without pay to travel to another city to attend her sister’s wedding. The cost of transportation for the trip is $180 round trip. The cost of her hotel stay is $99 per night and she stays for 2 nights. What is the opportunity cost of Josephine’s trip to the wedding? Show your calculations.
Question 12. Question : (TCO 1) What does “Invisible Hand” mean?
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 7/18/2015
Question 1. Question : (TCO 2) A demand curve
Question 2. Question : (TCO 2) Which of the...