ECO 100 Week 1 Knowledge Check 1
ECO 100 Week 1 Knowledge Check 1
•Question 1
If macroeconomics looks at the economy as a whole, it focuses on which of the following?
•Question 2
Which of the following best describes macroeconomics?
•Question 3
Which of the following is most likely a topic of discussion in macroeconomics?
•Question 4
What is the basic difference between macroeconomics and microeconomics?
•Question 5
In a discussion of economics, which of the following would exert the most influence on an individual firm's decision to hire workers?
•Question 6
Forgetting about the money that's irretrievably gone and instead focusing on the marginal costs and benefits of future options, is the lesson of which of the following?
•Question 7
Also called the opportunity set—a diagram which shows what choices are possible—which of the following is the model that economists use to illustrate the process of individual choice in a situation of scarcity?
•Question 8
Attending college is a case where the ________________ exceeds the monetary cost.
•Question 9
Which of the following best describes the opportunity cost of an action?
•Question 10
The opportunity cost of attending university is likely to include all except which of the following?
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Answers
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Posted 24 Sep 2019 05:09 AM
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