Econ 202 Quiz 2 Ch.2 - Review Quiz 2_c:h2 E «WDW...

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Unformatted text preview: Review: Quiz 2_c:h2 E «WDW 2.1Exoroiso2 @qmm 5mm 1 of 1 pt mama: moat {11: of 11: pts} E .msuhsfiommlhnfledwamsoombdwflhlhnfledremmoes. - oanbeol‘nnhatedwithhnprovemenmhteohmhg. - '- msuhsfiommtnfledrosmnoescmlpledwflhlhnfledwam. -'- -i5fl1esamthhgheoommbtermhnhyasaslmrtage. Question is complete. «[email protected]@@@@Dm 2.1mm @Qlllsflnn 9mm 1 of 1 pt manna: 100% [14: of 10 pts} E1 Anymofivityflnt resultshthe oomrershnofresouroeshtoprodmts that oanbeusedhoonmmptbnis called: fl:- J’L tansiormatbn -:j:j:- 3- derived demand -:j:j:-C- substilmhn Question is complete. ® dddfifi’éfi’muwbw animating“ @thlnnS-nnrl: 1 of 1 pt mean": 11mm: (1:: of 1:: pts} El Nlafissaisbmringvegetables. Steeanehoosebetweenearmts,lethne,amiyeenbeans. Shedaesfltlikegreenbeansmmi aflersornethougthhechsosescarrots. Whatistteopportlmitycostefthischsiee‘? {:1 FL the carrots, the lettuce, and the green beans .--.'._.__V B. the lethlze .1342. the lam and the green beans {21' D- the green beans Question is complete. G) «QWDW Tmtpmmemgs Gael-lumen": 1 of 1 pt mean": 100% (1:: at 1:: pts} E Dpporhmityeostisbestdefinedas thenenbest ahemathflsflhatnumtbesaerifnedhehtahsomethhgorhsafisfya a want. Whofthefolhwhgwoukfleast likelybeJmthetypbalshflenLtheoppommitymstofafleIflhgachss at 11:00 am? fl:- A. Taking a numhneeded cmn'se afiered by amther department. fl:- 3- Accepting work at the mail as a part—time sales associate. -:"':-C- Gettingthe "jmup'onmst students bygettingte the dhhghaflfor hmhbefore the mid—dayrush. .;;.__V|3'- Partying witha close circle affi'iends. 'I'heopportlmitycost afattendinga class at 11:00 a.mwilllikelyd'fl'er fi'omtheopportlmitycost afattemiinga class at 8:00 am. because {:jz-r't- the number amivarietyafahernatives at 11 a.m. are likelytu dfifer fi'omtbase available at 3 a.m. (:33. mth'mgis gohagonat 3 a.m. til-C- a stlflent‘s evahlatinnafanygiven set ofalternatives is likebrm be t'me—sensitnre. .-_.'..__VD bothAandCarecorrect. Questie n is on mplete . MddfiiéfiiadefiiMDsfl 2.5mm“ ~. @thlnnfinnrl: 1 of 1 pt menu“: 1DD%{1D of 1D pts} [3 ApomtmsiktbePPCmeansthat: {jih- thispanicuhrecommyhasmcomparathleadwmagehprodmtbnanyecommbgmd {"13— economicgrowthhastakenplace. .;'.'.._VC- resmncesaremtbehgfifldeuetomemphymeflorheffiziency. .;"';.D_ onegoodhasmopportlmitycost relativetoanotber. Question is oomplete. ® ‘ Wfl@@@@@@bm 2.1Exercise1 @thnS-nnrlil of 1 pt fists-nun: 1DD%[1D of 1D pats} E Doesttflrictestpersonhttflworkifacettflproblemofscarcity‘? fl:- «"~- No, because having money means that you do not have to choose between present and future consmnption. fl:- 3- No, because having money means that you can buy whatever you want to buy. “VC- Yes, because evenifyouhave moneyyouwiilnever be able to satisfyailofyour wants andmust therefore make ' choices. :j:j:-|3'- Yes, because iftbe rich were to purchase a lot ofgoods at one time shortages wouldresuit. Question is oomplete. (E) «QW6WG96GE’DDD 2.2mm“ @Qu-sthnunru-1 of 1 pt manna: 111mm {11: of 11: pts] 3 Whenanhflhrflmlprmhhnsthemadfmanewcanttflpersmtypbaflymaans {:jz-fl- that their ahflitytagfitarmniwfllaaasa. :fiz-B— thatwith'mtanew 0&1,ch lii'ecanmxtgpon. "- that having smhapossasshnwouflha nirvana. -ttflywantsmthh:gttflycmenflydnmthaw. Question is complete. «6666H66666Dw “MEWS“ @qmunmfl-1 of 1 pt Minn: 1mm {11: of 1:: pm: [3 WhichafthefoflswhgisNDTgeneraflyconsflaredmhaaresmmflacmrafpmdmtbn)? 1.11. a manager nfa flamenience store -:j_j:- 3- a Gompmer programs-fr -:"':-'C- a river that can ha used for hyfiroelmtric paws: ”MD- a share: ofMicmsofi stock Question is complete. ® «d6666666666bm 2.1mm @QulfllnnS-nnrlll of 1 pt “fits-mm: 100% [ll] of ill pats} E Factors of productkm hnlnde: .19 PL land, labor, phyabal capital, human capital and entreprenemsh'qa. -:121:- 3- hyflrogen, oxygen and whom QC- ]and, lmman capital, fmancial capital, and teI'.‘.]:|1:|:le::lg;},lr fl:- D- materials, energyr and organimtinn Question is complete. ® «WDW 2.2Exerci593 @thnfimfl: 1 or 1 pt flats-mm: 10W“: {10 of 1:: pts} [3 Eaehhflhrihmlmulst make chokes because -:j'::w"~- wantsaresomtimes mixedupwithneeds. — resmncesarelhnitedanflthereforecamfl satisfivone‘smanycompet'mgwants. - -. "- evenfl'one‘swantsmecompletebrsatismmlfifumthxeexismmfiflyenjnyaflefflem . - needsaremehnportantthanwants. Question is complete. ...
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