ECON 101 Week 1 quiz
Week 1 Quiz (Chapters 1 & 2)
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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...
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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