Question 1 (6660760): Allocation is concerned with how we choose to use our

________ resources on some variety of different ro!ects"

#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): limited
%orrect answer(s): unlimited
limited
natural
human
Question ) (666076*): +conomists are ____________ (concerned with human
,ehavior and cultural values) who see- to otimi.e the allocation of scarce resources
toward the ma/imum satisfaction ossi,le for individuals0 communities0 and entire
societies"
#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): social scientists
%orrect answer(s): entrereneurs
caitalists
unioni.ed la,or
social scientists
Question * (6660770): &olicy +conomics is the alication of the &rinciles of
+conomics to decision ma-in1 (choices) ,y the various arms of the _____________ "
#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): 1overnment sector
%orrect answer(s): octous
oran1utan
1overnment sector
household sector
Question 2 (666077)): 3n order to evaluate the choices that must ,e made toward
rovidin1 value for eole0 it is assumed that all arties to the rocess ___________"
#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): are rational
%orrect answer(s): are less than si/ feet tall
have ,rown eyes
have ,lond hair
are rational
Question 4 (6660777): #he mar1inal utility of choosin1 to 1o to a articular
concert is the ____________ ,enefit (satisfaction or leasure) that is 1ained"
#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): additional
%orrect answer(s): total
additional
none of the a,ove
all of the a,ove
Question 6 (6660751): A real cost of choosin1 to attend a concert is not only the
out6of6oc-et 7 7 7 cost0 ,ut also the oortunity cost (for e/amle:
________________ )" +very activity we underta-e re8uires us to not ursue other
oortunities"
#ye: $ultile %hoice
&oints awarded: 0"00 ' 1"00
(our Answer(s): lost wa1es
%orrect answer(s): either ," or c ,elow """ or ossi,ly another oortunity that is not
listed
e/tra slee
lost wa1es
none of the a,ove
Question 7 (666075*): ________________ analy.es how we choose to use our
resources on an a11re1ate (national)level and includes measures of erformance such
as inflation0 unemloyment0 and federal 1overnment e/enditures"
#ye: $ultile %hoice
&oints awarded: 0"00 ' 1"00
(our Answer(s): 9ormative economics
%orrect answer(s): 9ormative economics
$icroeconomics
$acroeconomics
&ositive economics
Question 5 (66607:0): #he 1oal of ;rowth is to increase the real
( _________________ ) value of ;<& in an economy"
#ye: $ultile %hoice
&oints awarded: 0"00 ' 1"00
(our Answer(s): roducts only
%orrect answer(s): services only
roducts only
investments only
ad!usted to not include inflation
Question : (66607:1): ______________ is the 1oal of economics see-in1 to
allocate resources so that an economy does not e/erience hi1h inflation"
#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): =ta,ility
%orrect answer(s): +colo1ical ,alance
=ocial ,alance
>ull +mloyment
=ta,ility
Question 10 (66607:7): +colo1ical ,alance is the 1oal that assumes the 1lo,al
economy can achieve ,alanced economic conditions ___________________ "
#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): while maintainin1 a sustaina,le0 livin1 lanet
%orrect answer(s): only if ollution is -et at .ero
only if inflation is ma/imi.ed
only if unemloyment is minimi.ed
while maintainin1 a sustaina,le0 livin1 lanet
Question 11 (6660501): #he freedom to ma-e urchases as desired and to wor-
and live indeendent of e/tensive controls ,y the 1overnment is a ,asic ____________
in a free mar-et society"
#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): cultural value
%orrect answer(s): reli1ious ritual
siritual tri
flaw
cultural value
Question 1) (6660502): A ,alance of resonsi,ilities ta-en on ,y all eole in each
sector of the economy results in ________________ (e8uity) for all eole"
#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): fairness of oortunity
%orrect answer(s): fairness of results
fairness of oortunity
a full shot of adrenaline
a full shot of o/ytocin
Question 1* (6660506): #he amount of emhasis laced on each $acroeconomic
;oal is determined ,y the ______________ in a society"
#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): cultural values
%orrect answer(s): amount of music
num,er of math ma!ors
amount of sycho ,a,,le
cultural values
Question 12 (6660510):
#here is much _____________ amon1 economists a,out the rinciles
(1enerali.ations) a,out how an economy actually wor-s"
#ye: $ultile %hoice
&oints awarded: 0"00 ' 1"00
(our Answer(s): disa1reement
%orrect answer(s): disa1reement
an1st
a1reement
1nashin1 of teeth
Question 14 (6660516): #he statement0 #he 1overnment should choose a olicy to
create a lower rate of inflation0 is a __________ statement"
#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): 9ormative economic
%orrect answer(s): $icroeconomic
&ositive economic
;lo,al economic
9ormative economic
Question 16 (6660515): ___________________ a nation must choose to ,alance
its trade within the 1lo,al mar-ets in order to roser"
#ye: $ultile %hoice
&oints awarded: 0"00 ' 1"00
(our Answer(s): +very year
%orrect answer(s): ?ver a reasona,le eriod of time
+very year
?nce each month
#here is never a time when
Question 17 (66605)4): #he ,alance of trade is the difference ,etween the
monetary cost of the ______________ that a nation e/orts and the monetary cost of
what it imorts"
#ye: $ultile %hoice
&oints awarded: 0"00 ' 1"00
(our Answer(s): 1oods
%orrect answer(s): 1oods
services
a and ,
none of the a,ove
Question 15 (66605)6):
A ________________ e/ists when we conclude that somethin1 that is 1ood for an
individual is also 1ood for the entire society"
#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): >allacy of %omosition
%orrect answer(s): @ational Analysis
$ar1inal Analysis
%eteris &ari,us
>allacy of %omosition
Question 1: (66605*)):
3n the @esource (or >actor) $ar-ets of the %ircular >low model0 Aouseholds rovide
__________ to the Business sector in e/chan1e for &rofits"
#ye: $ultile %hoice
&oints awarded: 1"00 ' 1"00
(our Answer(s): +ntrereneurshi
%orrect answer(s): Ca,or
Cand (natural resources)
%aital (tools)
+ntrereneurshi
Question )0 (66605*4):
3n the &roduct $ar-ets of the %ircular >low model0 Aouseholds rovide __________ to
the Business sector in e/chan1e for ;oods and =ervices"

#ye: $ultile %hoice
&oints awarded: 0"00 ' 1"00
(our Answer(s): Cand (natural resources)
%orrect answer(s): Ca,or
Cand (natural resources)
%aital (tools)
%onsumtion =endin1 (or @evenues)