ECON Ch. 1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| When economists speak of scarcity, they are referring to the | show 🗑
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| show | the talent for organizing the use of land, labor and capital, among other things.
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| The headline in the newspaper reads "County Supervisors Debate Building New Schools." The headline relates closest to which economic concept? | show 🗑
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| show | a person with high opportunity cost of time
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| show | positive
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| show | The central bank should increase the nation's money supply.
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| The latest Lady Gaga album is available to be downloaded for $12.99. Is this price a rationing device? | show 🗑
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| show | relatively small units in the economy.
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| show | satisfaction.
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| Several years ago, a bookstore chain extended its closing time from 9 p.m. to 10 p.m. Now it is considering a further extension to 11 p.m. In making this marginal decision, the results of having gone from 9 p.m. to 10 p.m. are | show 🗑
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| Most states have instituted mandatory seatbelt laws to reduce traffic fatalities. An economist may point out that an unintended effect of these laws is | show 🗑
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| Which of the following would NOT be considered a macroeconomic topic? | show 🗑
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| show | consists of the tuition costs only.
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| The study of an economy's price level is explicitly a part of | show 🗑
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| show | directly related.
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| Two variables are independent if as one variable __________, the other variable __________. | show 🗑
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| Scarcity is defined as the condition in which | show 🗑
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| Something that provides disutility is called a | show 🗑
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| "If you hadn't gone to dinner with your friends, you would have stayed home and surfed the Internet." It follows that | show 🗑
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| The cost of building a new interstate highway system is reported to be high at $25 billion. Does it necessarily follow that the interstate highway is not worth building? | show 🗑
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| show | Positive and normative economics both address what should be.
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| In general, there is a ______________ relationship between the number of hours spent studying for a test and the grade earned on the test. | show 🗑
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| show | a, b, and c
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| show | 6 hours
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| Ceteris paribus means | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Taysia
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