According to the text economics is the study of how

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Question 4 (4 points) According to the text, economics is the study of how: Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. governments allocate resources in the face of constraints. 0.0% b. government policies can be used to meet individuals' wants and desires. 100.0% c. human beings coordinate their wants and desires in the face of constraints. According to the text, economics "is the study of how human beings coordinate their wants and desires given a society's decision- making mechanisms, social
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customs, and political realities." 0.0% d. scarce resources are allocated to their most productive uses. Score:4 / 4 Question 5 (4 points) Sunk costs: Student response: Percent Value Correct Response Student Response Answer Choices 0.0% 100.0% 0.0% 0.0%
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Score:4 / 4 Question 6 (4 points) Which of the following is an example of the law of one price? Student response: Percent Value Correct Response Student Response Answer Choices 0.0% 0.0% 0.0%
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100.0% Score:4 / 4 Question 7 (4 points) Refer to the graph below. Laura's production possibility curve for math and economics problems in one night is shown in the graph. Her opportunity cost of finishing 6 math problems instead of 4 math problems is: Student response: Percent Value Correct Response Student Response Answer Choices 100.0%
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0.0% 0.0% 0.0% Score:4 / 4
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Christopher Reinemann
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