1B Web Quiz.docx - (1B Web Quiz 1 Which is NOT one of the...

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(1B Web Quiz) 1) Which is NOT one of the three ways to achieve economic growth? Ans: Getting Full Employment 2) Which is NOT an example of achieving allocative efficiency? Ans: Using secretaries to type letters and truck drivers to drive trucks. 3) Which is NOT an example of productive efficiency or productive inefficiency? Ans: Producing more SUVs and fewer small cars.
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4) Which is NOT an example of achieving full employment? Ans: Using all the Super Bowl Tickets 5) Which of the following is NOT associated with the economic concept of equity? Ans: Equality
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6) Which of the 5Es best explains the economic problem caused by discrimination? Ans: Productive Efficiency 7) Which of the 5Es best explains the problem caused by the price controls (government set a low price for gasoline) imposed on gasoline in the 1970s by President Nixon. Ans: Allocative Efficiency
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8) Which of the 5Es best explains the benefits of trade? Ans: Productive Efficiency
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