Question 1 4 4 pts which of the following is not one

This preview shows page 27 - 31 out of 36 pages.

Question 1 4 / 4 pts Which of the following is not one of the four broad categories of resources?
Question 2 4 / 4 pts In all cases, normative economics deals with what is.
Question 3 4 / 4 pts To an economist, utility means:
Question 4 4 / 4 pts The branch of economics that studies the decisions of individuals and firms is called normative economics. microeconomics and macroeconomics positive economics. macroeconomics. microeconomics.
Question 5 4 / 4 pts According to economists, competition exists because of
Question 6 4 / 4 pts Which of the following statements is false?
Question 7 4 / 4 pts
Question 8 4 / 4 pts Opportunity cost is the value of __________________ when a choice is made. the most highly valued forfeited alternative the sum of all forfeited alternatives the alternative chosen a free good
Question 9 4 / 4 pts Which of the following is not one of the four broad categories of resources?
Question 10 4 / 4 pts A person goes into a store and buys a computer for $1,210. In this case, price is acting as a
Question 11 4 / 4 pts Is it possible for mandatory seatbelt laws to increase vehicle fatalities?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture