1. Economic analysis assumes that
a. individuals act only out of selfish motives.
b. although individuals are at times selfish and at times unselfish, only their selfish actions
may be predicted.
c. people are basically humanitarian, and their actions are
According to Volkow et al. (2014)a research paper presented in classover the last twenty years:
a. Marijuana use has declined in the U.S. as the public has become more educated about its harmful
b. Marijuana use has increased in the U.S., but
1. Economics is primarily concerned with:
2. The terms equality and efficiency are similar in that they both refer to benefits to society.
However they are different in that:
a. equality refers to uniform distrib
ISSUES AND CONCEPTS EXAM 3
1. Which of the following is true?
a. Most stockholders own stock because they want to run the business.
b. The shareholders of a large well-established firm can be reasonably sure that they will earn a
real rate of return of ab
1. When the slope of the Total Product curve is decreasing, the corresponding Marginal
Product curve would be:
2. The slope of a perfectly elastic demand curve equals _.
3. If the Own-Price Elasticity of Supply coefficient is greater than
Comparing Christianity and Islam
There are many religions in the world today. Some new and some very old that date back
to the beginning of time. Christianity is the worlds largest religion today but at the beginning it
wasnt welcomed so openly. Islam is
A comparison of Alexander of Macedonia and Temujin (Chinggis Khan)
Considered the greatest conquerors of their time Alexander of Macedonia and Chinggis
Khan seized more land and population during their rule. These men had major influences on the
Migrations and conquest of the Huns and Vikings
Every culture has migrated from one place to another either it be in the form on conquest
or sampling looking for a better place to live. Both the Vikings and Huns did their fair share of
both. They were ver
Civilizations: Growth and Influence
Every civilization has had to grow to become a great nation and with growth comes
influence. Both ancient Rome and medieval France started out small and grew into large
civilizations with great influence on the world ar
The Influence of Socrates and Confucius
There have been many influential philosophers throughout history who have helped
shape the world as it is today. Two of those philosophers where Socrates and Confucius. Both of
them have helped shape the world that
Part 1 of 1 -
Question 1 of 10
Monopolistic competition is an industry characterized by a:
A.small number of firms producing identical products, with barriers to entry for firms.
B.small number of firms producing similar products,
2 out of 2 points
Which of the following shows the correct chronological sequence of historical eras?