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[Solved] ECON 101 Week 1 quiz

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ECON 101 Week 1 quiz Week 1 Quiz (Chapters 1 & 2) Return to Assessment List Part 1 of 1 - 100.0 Points Question 1 of 10 10.0 Points The branch of economics that examines the impact of choices on aggregates in the economy is: A. positive economics. B. normati...

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  • July 23, 2020
  • 4
  • 2019/2020
  • Exam (elaborations)
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Week 1 Quiz (Chapters 1 & 2)
Return to Assessment List


Part 1 of 1 -
100.0 Points

Question 1 of 10
10.0 Points
The branch of economics that examines the impact of choices on aggre-
gates in the economy is:

A. positive economics.
B. normative economics.
C. macroeconomics.
D. microeconomics.


Answer Key: C

Question 2 of 10
10.0 Points
When we are forced to make choices we are facing the concept of:

A. ceteris paribus.
B. free goods.
C. scarcity.
D. the margin.


Answer Key: C

Question 3 of 10
10.0 Points
An economic system is the set of rules that define _______ and _______ .

A. resources; prices
B. who gets to vote; when elections will be held
C. market prices; factors of production

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