quiz 1 - OL_MACROECONOMIC PRINCIPLES_3238A784...

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OL_MACROECONOMIC PRINCIPLES_3238A784 (ECON_2023238A784) > TESTS/QUIZZES > REVIEW ASSESSMENT: QUIZ 1 Review Assessment: Quiz 1 User WANCHING Rachel KAO Submitted 4/16/08 8:00 PM Name Quiz 1 Status Completed Score 24 out of 24 points Time Elapsed 0 hours, 7 minutes, and 8 seconds out of 1 hours and 0 minutes allowed. Instructions Question 1 2 out of 2 points There is "too little of a good thing" when its marginal: Selected Answer: Benefit exceeds its marginal cost. Correct Answer: Benefit exceeds its marginal cost. Question 2 2 out of 2 points The study of economics is primarily concerned with: Selected Answer: choices that are made in seeking to use scarce resources efficiently. Correct Answer: choices that are made in seeking to use scarce resources efficiently. Question 3 2 out of 2 points Rational behavior suggests that: Selected Answer: individuals will make different choices because their preferences and circumstances differ. Correct
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quiz 1 - OL_MACROECONOMIC PRINCIPLES_3238A784...

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