ECON 350 Test 8.pdf - Review Test Submission Test 8 u2013...

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7/7/17, 3’40 PMReview Test Submission: Test 8 – 201730 Summer 2017 ECON...Page 1 of 6…1&course_id=_364033_1&content_id=_17197219_1&return_content=1&step=201Course Content...AssignmentsReview Test Submission: Test 8HReview Test Submission: Test 8Review Test Submission: Test 8UserJacquelyn MoradoCourse201730 Summer 2017 ECON 350-B01 LUOTestTest 8Started7/7/17 3:58 PMSubmitted7/7/17 4:40 PMDue Date7/7/17 11:59 PMStatusCompletedAttempt Score45 out of 45 points Time Elapsed41 minutes out of 2 hoursInstructions2-hour time limit30 multiple-choice and true/false questionsOpen-book/open-notesDo not click the BACK button because this will lock you out of the test.The timer will continue if and when you leave the test.Results DisplayedSubmitted Answers, FeedbackQuestion 1One of the recurring sources of confusion in economics has been a failure otdistinguish ________ or definition, such as Marxian “value” or Keynesian“consumption function” from the substance of the theories.Selected Answer:ConceptQuestion 2Government uses taxes and spending to influence the economy isSelected Answer:Fiscal policyQuestion 3Student DashboardmyBlackboardResources1.5 out of 1.5 points1.5 out of 1.5 points1.5 out of 1.5 pointsJacquelyn Morado6
7/7/17, 3’40 PMReview Test Submission: Test 8 – 201730 Summer 2017 ECON...Page 2 of 6…1&course_id=_364033_1&content_id=_17197219_1&return_content=1&step=Precious metals, such as gold and silver, used as money have the advantage that theyhave someSelected Answer:Intrinsic valueQuestion 4Fiat money is money that has little or noSelected Answer:Intrinsic valueQuestion 5George J. Stigler observed, “it is a sign of the maturity of a discipline that is main

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