HW assignment I (student)

HW assignment I (student) - Jennifer Bullian Economics...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Jennifer Bullian Economics 101/111 Fall 2006 Microeconomics Assignment I 1. The fundamental problem of economics is: A) The law of increasing opportunity costs. B) The scarcity of resources relative to human wants. C) How to get government to operate efficiently. D) How to create employment for everyone. 2. To an economist, scarcity means that: A) Shortages will always exist. B) The market mechanism cannot be relied upon. C) A production-possibilities curve cannot accurately represent the tradeoff between two goods. D) There are not enough resources available to satisfy all our desire. 3. Which of the following is a scarce resource? 4. Capital, as economists use the term, refers to:
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern