ECNC213_Quiz1_M2

ECNC213_Quiz1_M2 - Answer Selected Answer: Question 5 2.5...

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Edward Lawrence Morgan 4/10/10 3:14 PM Quiz 1 Completed 20 out of 25 points 11 minutes, and 21 seconds out of 1 hour and You will have 60 minutes to answer 10 questions. You should have plenty o score for this Learning Activity.
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Question 1 2.5 out of 2.5 points Which of the following is not scarce? Answer Selected Answer: Question 2 0 out of 2.5 points Which one of the following is a positive economic statement? Answer Selected Answer: Question 3 2.5 out of 2.5 points A student noted that the football team won by a larger margin when the third-string played more minutes. Therefore, he recommended that the third-stringers become the first team. His conclusion was probably erroneous because he Answer Selected Answer: Question 4 2.5 out of 2.5 points "Mediocre economists often consider only the immediate apparent effects of a change, whereas a good economist will also consider effects that may only become observable over time." This statement most clearly emphasizes
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Unformatted text preview: Answer Selected Answer: Question 5 2.5 out of 2.5 points Criteria for rationing goods and resources must be established because of Answer Selected Answer: Question 6 2.5 out of 2.5 points Economics is a Answer Selected Answer: Question 7 0 out of 2.5 points Jim enjoys the feeling of wind in his hair enough to ride his motorcycle without a helmet, even though he fully realizes the potential for injury it creates by not wearing one in the unlikely event he is in an accident. To an economist, Jim is Answer Selected Answer: Question 8 2.5 out of 2.5 points Criteria for rationing goods and resources must be established because of Answer Selected Answer: Question 9 2.5 out of 2.5 points Which one of the following is a positive economic statement? Answer Selected Answer: Question 10 2.5 out of 2.5 points Economic analysis assumes that Answer Selected Answer: Saturday, April 10, 2010 3:14:42 PM EDT...
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ECNC213_Quiz1_M2 - Answer Selected Answer: Question 5 2.5...

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