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Macroeconomics—Review Questions # 1Student: ________________________________________________________________________1. According to economists, economic self-interest: A. is a reality that underlies economic behavior.B. has the same meaning as selfishness.C. is more characteristic of men than of women.D. is usually self-defeating.2. Economics may best be defined as the: 3. Purposeful behavior means that: 4. In deciding whether to study for an economics quiz or go to a movie, one is confrontedby the idea(s) of:
5. Which one of the following expressions best states the idea of opportunity cost? A. "A penny saved is a penny earned."B. "He who hesitates is lost."C. "There is no such thing as a free lunch."D. "All that glitters is not gold."6. A well-tested economic theory is often called: 7. Macroeconomics approaches the study of economics from the viewpoint of: 8. Which of the following is associated with macroeconomics?