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# quiz 1 2 - Blackboard Learning System 5:04 PM Your location...

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12/10/08 5:04 PM Blackboard Learning System Page 1 of 9 http://webct.csmd.edu/webct/cobaltMainFrame.dowebct View Attempt 2 of 3 Title: Lesson 1 Quiz (Required for course grade) Started: October 8, 2008 7:24 PM Submitted: October 8, 2008 7:29 PM Time spent: 00:05:20 Total score: 80/100 = 80% Total score adjusted by 0.0 Maximum possible score: 100 Done 1. The study of economics is primarily concerned with: Student Response Value Correct Answer Feedback A. demonstrating that capitalistic economies are superior to socialistic economies. B. determining the most equitable distribution of society's output. C. keeping private businesses from losing money. D. choices that are made in seeking to use scarce resources efficiently. 100% Score: 10/10 Comments: 2. Suppose an economist says that "Other things equal, the lower the price of bananas, the greater the amount of bananas purchased." This statement indicates that: Your location: Assessments View All Submissions › View Attempt

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12/10/08 5:04 PM Blackboard Learning System Page 2 of 9 http://webct.csmd.edu/webct/cobaltMainFrame.dowebct Student Response Value Correct Answer Feedback A. the quantity of bananas purchased determines the price of bananas. 0% B. one cannot generalize about the relationship between the price of bananas and the quantity purchased.
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