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ECO 202-11D Exam 2_ Principles of Macroeconomics(answered)
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7/9/201 Exam 2: ECO 20211D: Principles of6
Exam 2
Due Jul 9 at 11:59pm Points 52 Questions 52 Available Jul 7 at 12am Jul 9 at 11:59pm 3 days
Time Limit 90 Minutes
Instructions
This exam is composed of 52 equally weighted multiplechoice and truefalse questions. You will have 90 minutes to complete the
exam. No electronic devices of any kind are permitted during the exam. After all students have completed the exam, you will be
able to see the correct answers and your score.
Instructions:
- You have 90 minutes to complete the exam. The timer will not stop once it has started. Please do not start the exam unless
you will be able to complete it.
- You must fill in a complete set of answers before the due date shown.
- While you are online, answers you enter will be automatically saved. Do not open the quiz and leave it unattended, as doing so
will interfere with the autosave capability.
- Your work will be submitted when you click the "Submit Answers" button, or automatically at the due date and time.
Attempt History
Attempt Time Score
LATEST Attempt 1 55 minutes 48 out of 52
Correct answers are hidden.
Score for this quiz: 48 out
of 52 Submitted Jul 9 at
3:25pm
This attempt took 55 minutes.
https://uncg.instructure.com/courses/21626/ 1/2
quizzes/40176
,7/9/201 Exam 2: ECO 20211D: Principles of
6
Question 1 pts
Which one of the following is a normative
statement?
The capital of Kansas is
Topeka.
My roommate’s name is
Kristen.
Reducing unemployment should be the main goal of the
government.
I’m planning to go the movies
Friday night.
Most economists believe the unemployment rate will
increase next year.
https://uncg.instructure.com/courses/21626/ 2/2
quizzes/40176
, 7/9/201 Exam 2: ECO 20211D: Principles of
6
Question 2 pts
The most famous Classical economist was John Maynard Keynes.
True
False
Question 3 pts
When the price of a good rises, the quantity demanded tends to decrease. This is an example of what type of
relationship?
Positive
Inverse
Direct
Historical
Ceteris paribus
Question 4 pts
Which one of the following is NOT a reason that markets produce efficient outcomes, according to the basic
neoclassical model?
The profit motive forces producers to put resources to their most valuable uses.
Markets account for all negative and positive externalities.
The forces of supply and demand smoothly coordinate the actions of many individual decision
makers.
https://uncg.instructure.com/courses/21626/ 3/2
quizzes/40176
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