Quiz 1- Microeconomics
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Assessment: Lesson 1 Quiz
Instructions
You have completed this quiz.
Assessment Score
Attempt Score: 14.00 out of a possible 15.00 (93.3%)
Assessment Score: 14.00 out of a possible 15.00 (93.3%)
Assessment Time: 19 minutes | Question 1: | A ________ cost of choosing to attend a concert is not only the out-of-pocket $ $ $ cost, but also the “opportunity cost” (lost wages or maybe extra sleep). Every activity we undertake requires us to not pursue other opportunities. | Type: | Multiple Choice | Points awarded: | 1.00 / 1.00 | Your answer(s): | •real | Correct answer(s): | un-real book keeping real fantasy | | Question 2: | There is much _____________ among economists about what goals should be emphasizedand how government policy and choices should be made. | Type: | Multiple Choice | Points awarded: | 1.00 / 1.00 | Your answer(s): | •disagreement | Correct answer(s): | disagreement angst agreement gnashing of teeth | | Question 3: | The Principles of Economics are the generally accepted theories about ___________. | Type: | Multiple Choice | Points awarded: | 1.00 / 1.00 | Your answer(s): | •resource allocation | Correct answer(s): | uncertainty and probability risk management resource allocation return on investment | | Question 4: | “Allocation” is concerned with how we choose to use our ________ resources on some variety of different projects. | Type: | Multiple Choice | Points awarded: | 1.00 / 1.00 | Your answer(s): | •limited | Correct answer(s): | unlimited limited natural human | | Question 5: | Ecological balance is the goal that assumes the global economy can achieve balanced economic conditions ___________________ . | Type: | Multiple Choice | Points awarded: | 1.00 / 1.00 | Your answer(s): | •while maintaining a sustainable, living planet | Correct answer(s): | only if pollution is kept at zero only if inflation is maximized only if unemployment
Assessment: Lesson 1 Quiz
Instructions
You have completed this quiz.
Assessment Score
Attempt Score: 14.00 out of a possible 15.00 (93.3%)
Assessment Score: 14.00 out of a possible 15.00 (93.3%)
Assessment Time: 19 minutes | Question 1: | A ________ cost of choosing to attend a concert is not only the out-of-pocket $ $ $ cost, but also the “opportunity cost” (lost wages or maybe extra sleep). Every activity we undertake requires us to not pursue other opportunities. | Type: | Multiple Choice | Points awarded: | 1.00 / 1.00 | Your answer(s): | •real | Correct answer(s): | un-real book keeping real fantasy | | Question 2: | There is much _____________ among economists about what goals should be emphasizedand how government policy and choices should be made. | Type: | Multiple Choice | Points awarded: | 1.00 / 1.00 | Your answer(s): | •disagreement | Correct answer(s): | disagreement angst agreement gnashing of teeth | | Question 3: | The Principles of Economics are the generally accepted theories about ___________. | Type: | Multiple Choice | Points awarded: | 1.00 / 1.00 | Your answer(s): | •resource allocation | Correct answer(s): | uncertainty and probability risk management resource allocation return on investment | | Question 4: | “Allocation” is concerned with how we choose to use our ________ resources on some variety of different projects. | Type: | Multiple Choice | Points awarded: | 1.00 / 1.00 | Your answer(s): | •limited | Correct answer(s): | unlimited limited natural human | | Question 5: | Ecological balance is the goal that assumes the global economy can achieve balanced economic conditions ___________________ . | Type: | Multiple Choice | Points awarded: | 1.00 / 1.00 | Your answer(s): | •while maintaining a sustainable, living planet | Correct answer(s): | only if pollution is kept at zero only if inflation is maximized only if unemployment