Macroeconomics Final Graded 2

Macroeconomics Final Graded 2 - Letter grade: Comments:...

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Autograde Summary Date Taken: 12/22/2009 4:52:35 PM Time Spent: 0:01:03 Points Received: 264 / 300 (88%) These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Question Type: # Questions: # Correct: Multiple choice 100 88 JavaScript is required for your course. Please ensure JavaScript is enabled in your browser preferences. Grade Details 1. Question: Microeconomics deals with: Your Answer: the working of the entire economy or large sectors of it. economic growth. individual units in the economy. CORRECT all of the above. Points Received: 3 of 3 Comments: 2. Question: When we are forced to make choices we are facing the concept of:
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Your Answer: Points Received: 3 of 3 Comments: 3. Question: The problem of determining what goods and services society should produce: Your Answer: Points Received: 3 of 3 Comments: 4. Question: If the state government allocates additional spending on education, the opportunity cost is: Your Answer:
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Points Received: 3 of 3 Comments: 5. Question: The concept of the margin deals with: Your Answer: Points Received: 0 of 3 Comments: 6. Question: Increases in total output realized when individuals specialize in particular tasks and trade are known as: Your Answer: Points Received: 3 of 3 Comments: 7. Question: If equilibrium exists:
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Your Answer: Points Received: 3 of 3 Comments: 8. Question: Economists believe that resources should be used as efficiently as possible to: Your Answer: Points Received: 3 of 3 Comments: 9. Question: The models used in economics: Your Answer:
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Points Received: 0 of 3 Comments: 10. Question: The production possibilities curve illustrates that: Your Answer: Points Received: 3 of 3 Comments: 11. Question: When moving along a production possibilities curve, the opportunity cost to society of getting more of one good: Your Answer: Points Received: 3 of 3 Comments: 12. Question: If an economy is producing a level of output that is on its production possibilities curve, the economy:
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Your Answer: Points Received: 3 of 3 Comments: 13. Question: The concept of comparative advantage is based upon: Your Answer: Points Received: 3 of 3 Comments: 14. Question: An economy is said to have a comparative advantage in the production of a good if it can produce that good: Your Answer:
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Points Received: 3 of 3 Comments: 15. Question: An example of a positive statement is: Your Answer: Points Received: 3 of 3 Comments: 16. Question: The current rate of unemployment of 5 percent is too high. This is an example of: Your Answer: Points Received: 3 of 3 Comments: 17. Question: A decrease in the price of a good will result in:
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Your Answer: Points Received: 3 of 3 Comments: 18. Question:
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This note was uploaded on 07/26/2010 for the course BUS 204 BUSINESS taught by Professor Joseruiz during the Spring '09 term at Kaplan University.

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Macroeconomics Final Graded 2 - Letter grade: Comments:...

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