CH 1 PROBLEMS - Question 1 0 out of 1 points 1 On the blank...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Question 1 0 out of 1 points 1. On the blank following each phrase, write the number of the term below which matches it. 1. economics 2. macroeconomics 3. positive economics 4. normative economics 5. microeconomics 6. marginal analysis a. The attempt to establish scientific statements about economic behavior; a concern with "what is" rather than "what ought to be." [a] b. Part of economics that involves value judgments about what the economy should be like or the way the economic world should be. [b] c. Social science that studies how individuals, institutions, and society make optimal choices under conditions of scarcity. [c] d. Part of economics concerned with the whole economy or its major sectors. [d] e. The comparison of additional benefits and additional costs. [e] f. Part of economics concerned with the economic behavior of individual units such as households, firms, and industries (particular markets). [f]
Image of page 1

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

View Full Document Right Arrow Icon
Specified Answer for: a 3 Specified Answer for: b 4 Specified Answer for: c 1 Specified Answer for: d 4 Specified Answer for: e 6 Specified Answer for: f 5 Correct Answers for: a 3 Correct Answers for: b 4 Correct Answers for: c 1 Correct Answers for: d 2 Correct Answers for: e 6 Correct Answers for: f 5
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern