Test1 Answer Key

Test1 Answer Key - ECO 2100 Test 1 Answer Section MULTIPLE...

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ECO 2100 Test 1 Answer Section MULTIPLE CHOICE 1. ANS: A DIF: 2 REF: 1-0 TOP: Scarcity MSC: Interpretive 2. ANS: C DIF: 1 REF: 1-1 TOP: Tradeoffs MSC: Definitional 3. ANS: C DIF: 2 REF: 1-1 TOP: Opportunity cost MSC: Applicative 4. ANS: C DIF: 2 REF: 1-1 TOP: Marginal changes MSC: Interpretive 5. ANS: D DIF: 2 REF: 2-1 TOP: Production possibilities frontier MSC: Interpretive 6. ANS: B DIF: 2 REF: 2-1 TOP: Production possibilities frontier, Opportunity cost MSC: Interpretive 7. ANS: D DIF: 2 REF: 2-1 TOP: Production possibilities frontier, Opportunity cost MSC: Interpretive 8. ANS: D DIF: 2 REF: 2-1 TOP: Production possibilities frontier, Opportunity cost MSC: Interpretive 9. ANS: C DIF: 3 REF: 2-1 TOP: Production possibilities frontier MSC: Analytical 10. ANS: C DIF: 1 REF: 2-2 TOP: Positive statements MSC: Definitional 11. ANS: D DIF: 2 REF: 3-2 TOP: Opportunity cost MSC: Applicative 12. ANS: D DIF: 2 REF: 3-2 TOP: Opportunity cost MSC: Applicative 13. ANS: D DIF: 2 REF: 3-2 TOP: Absolute advantage
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This note was uploaded on 05/01/2011 for the course ECON 2100 taught by Professor Darrinv.gulla during the Summer '08 term at Morehouse.

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Test1 Answer Key - ECO 2100 Test 1 Answer Section MULTIPLE...

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