Principles of Microeconomics Chapter 1 Quiz 1. a. b. c. d. 2. a. b. c. d. Rational people make decisions at the margin by following marginal traditions. behaving in a random fashion Thinking in black-and-white terms comparing marginal costs and margi
Chapter 6 Supply, Demand, and Government Policies
MULTIPLE CHOICE 1. Price controls are a. used to make markets more efficient. b. usually enacted when policymakers believe that the market price of a good or service is unfair to buyers or sellers. c.
Principles of Microeconomics Chapter 2 Quiz
1. With respect to how economists study the economy, which of the following statements is most accurate? a. b. c. d. Economists study the past, but they do not try to predict the future. Economists use "rul
Principles of Microeconomics Chapter 3 Quiz
Question 1 A good that is produced abroad and sold domestically is called a. b. c. d. a quota. a tariff. an import. an export.
Question 2 A recently developed theory asserts that Homo sapiens dominated Nea