ECON 350 Test 8.docx - Review Test Submission Test 8 User Minyon Woods Course 201840 Fall 2018 ECON 350-B01 LUO Test Test 8 Started 8:24 AM Submitted

ECON 350 Test 8.docx - Review Test Submission Test 8 User...

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Review Test Submission: Test 8UserMinyon WoodsCourse201840 Fall 2018 ECON 350-B01 LUOTestTest 8Started 10/19/18 8:24 AMSubmitted10/19/18 8:51 AMDue Date10/19/18 11:59 PMStatusCompletedAttempt Score45 out of 45 points Time Elapsed26 minutes out of 2 hoursInstructions2-hour time limit30 multiple-choice and true/false questionsOpen-book/open-notesDo not click the BACK button because this will lock you out of the test.The timer will continue if and when you leave the test.Results DisplayedSubmitted Answers, FeedbackQuestion 11.5 out of 1.5 pointsThe history of economics in reality is part history of ideas in a particular time period, coupled with the way men and women discussed economics during those times.Selected Answer:TrueQuestion 21.5 out of 1.5 pointsFiat money is used as money because
Selected Answer:Government says it is moneyQuestion 31.5 out of 1.5 pointsPrecious metals, such as gold and silver, used as money have the advantage that they have someSelected Answer:Intrinsic valueQuestion 41.5 out of 1.5 pointsA polemic is writer that writes in agreement with another’s point of view or thesis.Selected Answer:FalseQuestion 51.5 out of 1.5 pointsThe idea of a spontaneously self-equilibrating system, the market economy, was first developed bySelected Answer:PhysiocratsQuestion 61.5 out of 1.5 pointsWhen people exchange one good for another good is aSelected Answer:Barter economyQuestion 71.5 out of 1.5 points

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