Quiz 1 - January 28 - WITH ANSWERS

Quiz 1 - January 28 - WITH ANSWERS - 304K: I ntr oduction...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon

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

View Full DocumentRight Arrow Icon

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

View Full DocumentRight Arrow Icon

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

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 304K: I ntr oduction to M icr oeconomics // unique 33685 Quiz #1 Januar y 28 1.20 questions, 20 minutes 2.No going back to any question 1.Give the scantrons to the TAs upon exit 2.Typicially: the results and an answer sheet are posted before the next class day, when the results will be discussed. 1 2 3 6 7 14 17 34 41 46 35 25 11 10 20 30 40 50 Frequency 40 45 50 55 60 65 70 75 80 85 90 95 100 score Grade Distribution Mean=80.6 Question 1 The existence of the tr ade-off along the PPF means that the PPF is A. linear B. bowed outwards A. negatively sloped A. positively sloped Question 2 the sky is blue is A.a positive statement A.a normative statement B.just a statement C.depends on your beliefs Question 3 By compar ing the cost and benefit of a small change you ar e making your choice at the mar gin A. true A. false Question 4 The choice about how much to save A.has no opportunity cost B.has the opportunity cost of higher future consumption A.trades-off current consumption for future consumption A.none of the above Question 5 Which of the following is a micr oeconomic issue?...
View Full Document

This note was uploaded on 11/01/2008 for the course ECON 304K taught by Professor Ledyard during the Spring '08 term at University of Texas at Austin.

Page1 / 12

Quiz 1 - January 28 - WITH ANSWERS - 304K: I ntr oduction...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online