chap 1 - 1. The economic perspective entails: Student...

Info iconThis preview shows pages 1–3. 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
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1. The economic perspective entails: Student Response Value Correct Answer Feedback A. irrational behavior by individuals and institutions. B. a comparison of marginal benefits and marginal costs in decision making. 100% C. short-term but not long-term thinking. D. rejection of the scientific method. Score: 1/1 2. Refer to the above diagram. Which one of the following would shift the production possibilities curve from PP 1 to PP 2 ? Score: 1/1 3. An economic hypothesis: Score: 1/1 4. Answer the next question(s) on the basis of the following five data sets wherein it is assumed that the variable shown on the left is the independent variable and the one on the right is the dependent variable. Assume in graphing these data that the independent variable is shown on the horizontal axis and the dependent variable on the vertical axis....
View Full Document

This note was uploaded on 09/30/2009 for the course ECON 2010 taught by Professor Staff during the Spring '08 term at Utah Valley University.

Page1 / 12

chap 1 - 1. The economic perspective entails: Student...

This preview shows document pages 1 - 3. Sign up to view the full document.

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