ECN 211_Quiz 1

ECN 211_Quiz 1 - ECN 211 Macroeconomic Principles 8:40-9:55 MW Quiz 1 Version A Dr Happel Fall 2006 Select only one answer per question Remember

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ECN 211 Quiz 1 Dr. Happel Macroeconomic Principles Version A Fall, 2006 8:40-9:55 MW Select only one answer per question. Remember that if any part of an answer is false, then the entire answer is false. 1. As an issue moves toward regulation, the options for self-regulation or voluntary controls: a) Increase b) Decrease--- c) Remain in equilibrium d) Stay the same in most cases* e) None of the above is true 2. Where is corruption (the likelihood of government officials asking for and accepting bribes) greatest? a) In countries with democratic systems. b) In countries with temperate climates. c) In countries with undeveloped economic systems.*---- d) In countries with very cold climates. e) None of the above is true. 3. Which of the following statements about economics is true ? a) Economics (according to Dr. Happel) is the study of scarcity and scarcity implies discrimination can be eliminated.* b) Since economics is the study of scarcity, it is also the study of choices.------ c) Microeconomics is concerned with the entire economy and aggregate output. d) Economists rarely say no when they confront scarcity. e) All of the above are true. 4. In terms of economic conservatives versus economic liberals, which of the following statements is false according to class discussions? a)
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This note was uploaded on 03/24/2009 for the course ECN ecn 211 taught by Professor Stevehappel during the Fall '06 term at ASU.

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ECN 211_Quiz 1 - ECN 211 Macroeconomic Principles 8:40-9:55 MW Quiz 1 Version A Dr Happel Fall 2006 Select only one answer per question Remember

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