midterm.docx - | Topic 8 Saving Capital Formation and Financial Markets(877 787-8375 HELP CENTER ECON101_MH_V3 Question 1 Correct 2.50 points out of

midterm.docx - | Topic 8 Saving Capital Formation and...

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ECON101_MH_V3 | Topic 8: Saving, Capital Formation and Financial Markets (877) 787-8375 HELP CENTER Question 1 Correct 2.50 points out of 2.50 Started on Saturday, October 13, 2018, 4:54 PM State Finished Completed on Saturday, October 13, 2018, 5:29 PM Time taken 34 mins 34 secs Grade 147.50 out of 150.00 (98%) Macroeconomics differs from microeconomics in that macroeconomics focuses on: Select one: a. individual choices and group behavior in individual markets. b. the performance of national economies and ways to improve that performance. c. production in spec c markets. i d. prices in spec c markets. i The correct answer is: the performance of national economies and ways to improve that performance. 11Ø5Ø2018†Midterm†Exam https∫ØØmoodleÆstraighterlineÆcomØmodØquizØreviewÆphpøattemptΩ2239737¶showallΩ1†2Ø29 Question 2 Correct 2.50 points out of 2.50 Refer to the table below. According to the Cost-Ben t Principle, how many e units of this activity should be carried out? Select one: a. 2 b. 3 c. 4 d. 5 The correct answer is: 3 11Ø5Ø2018†Midterm†Exam https∫ØØmoodleÆstraighterlineÆcomØmodØquizØreviewÆphpøattemptΩ2239737¶showallΩ1†3Ø29 Question 3 Correct 2.50 points out of 2.50 Question 4 Correct 2.50 points out of 2.50 You won a free ticket to see the latest Star Trek movie this Friday night (which you can costlessly resell for its face value of $15). Your favorite band is also performing on Friday and is your only alternative activity. Friday is your last chance to see either the movie or the band. Tickets to see your favorite band cost $30, and on any given day, you would be willing to pay as much as $50 for a ticket. Based on this information, what is your opportunity cost of going to
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see the Star Trek movie on Friday? Select one: a. $0 b. $30 c. $35 d. $50 The correct answer is: $35 With ATMs, it is possible to retrieve cash from the bank at any time. One hundred years ago, one could only get cash from the bank during business hours, say, 9 am to 3 pm. The present availability of 24-hour service has arisen because: Select one: a. exibility was not valued 100 years ago. b. it was impossible to provide 24-hour service 100 years ago. c. the cost of providing 24-hour service is much lower today. d. government forced banks to become more convenient. The correct answer is: the cost of providing 24-hour service is much lower today. 11Ø5Ø2018†Midterm†Exam https∫ØØmoodleÆstraighterlineÆcomØmodØquizØreviewÆphpøattemptΩ2239737¶showallΩ1†4Ø29 Question 5 Correct 2.50 points out of 2.50 Question 6 Correct 2.50 points out of 2.50 Suppose there are two parallel highways between two cities with approximately equal tr c. What would you expect to happen if the state began charging tolls a to drive on one of those highways? Select one: a. More drivers would drive on the non-toll road, making the toll road less congested.
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