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Mircoeconomics 2302 - Assessment: Lesson 2 Quiz

Question # 00014954
Subject: Economics
Due on: 05/10/2014
Posted On: 05/10/2014 07:26 AM

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Assessment: Lesson 2 Quiz

Question 1 (6063065): _________ production involves the human resource called Labor.

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): Most
Some
All
None of the above
________________________________________
Question 2 (6063082): Thomas Malthus predicted that economic activity would evolve in cycles of ___________________ .

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): inflation and deflation
misery and catastrophe
global warming and ice ages
natural sunspots
________________________________________
Question 3 (6063109):
What is the opportunity cost of moving from B back to A ?
Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): 2 units of clothing
4 units of clothing
9 computers
6 computers
________________________________________
Question 4 (6063107):
What is the benefit of moving from B to C ?

Type: Multiple Choice


Correct answer(s): 3 units of clothing
9 units of clothing
2 computers
4 computers
________________________________________
Question 5 (6063070): The ability of people to conceive an idea (innovate), bring together resources, and take the risk when starting a business are all part of ________________ .




Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): Consumption
Investment
Entrepreneurship
None of the above
________________________________________
Question 6 (6063077): In the Wealth of Nations, the distribution of income and wealth was explained by the concept of ______________________.




Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): war and imperialism
accumulating gold and silver
productivity (output per worker)
the money multiplier
________________________________________
Question 7 (6063106):
In the graph above, the point D represents values resulting in ____________.
Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): inflation
efficiency
unemployment
growth
________________________________________
Question 8 (6063103): A shift in a PPC/PPF to the right (or outward) illustrates Growth which may be generated by __________________ (better utilizing existing resources) or by acquiring more resources over time.

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): working overtime
increasing imports
improved Technology
using first (or low) gear
________________________________________
Question 9 (6063085): ____________ argued that capitalism would lead to socialism and then to communism as armies of unemployed workers would force economic change.

e: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): Thomas Malthus
Robert Owen
Karl Marx
David Ricardo
________________________________________
Question 10 (6063099): ______________ is when a resource is not fully utilized, such as your when your Economics professor has to sweep the streets as a primary job.
Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): Under-employment
Unemployment
Inflation
Economic Efficiency
________________________________________
Question 11 (6063090): In America during the early 1900’s Labor Unoins became an economic force as the role of workers became fundamental for economic ___________.
Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): growth
inflation
recession
deflation
________________________________________
Question 12 (6063057): __________ efficiency is gaining the most output to maximize consumer utility with a given amount of input.
Type: Multiple Choice
Points awarded: 0.00 / 1.00

Correct answer(s): Productive
Industrial
Economic
Human
________________________________________
Question 13 (6063062): The Standard of Living of a nation is determined by the __________ available and how they are used.
Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): quarks or quirks
only quirks, not quarks
resources or factors
only quarks, not quirks
________________________________________
Question 14 (6063093): _____________ of concepts is one important means of understanding Economics.

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): Digitizing
Nono-engineering
Visualization
Mastication
________________________________________
Question 15 (6063075): The evolution toward the ________________ system occurred in a gradual process as societies adapted to new technologies and the need for skilled labor.
ype: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): Market
Utopian
Fantasy
Euro-centric

SET-II
Question 1 (6063067): The ability of people to produce is determined by their ____________________ .
Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): skill
knowledge
training
All the above
________________________________________
Question 2 (6063059): ___________ efficiency is gaining the most output with a given amount of input, but not relating output to consumer utility.
Type: Multiple Choice
Points awarded: 0.00 / 1.00

Correct answer(s): Economic
Productive
Industrial
Human
________________________________________
Question 3 (6063092): Workers formed unions and eventually these were recognized as a legal entity having the right of _________________ .
Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): habeus corpus
collective bargaining
a fair trial
multiple votes
________________________________________
Question 4 (6063087): ___________ economics led to the creation of the communist state in Russia.

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): Smithian
Owenian
Oprah
Marxist
________________________________________
Question 5 (6063077): In the Wealth of Nations, the distribution of income and wealth was explained by the concept of ______________________.

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): war and imperialism
accumulating gold and silver
productivity (output per worker)
the money multiplier
________________________________________
Question 6 (6063101): A shift in a PPC/PPF to the______________ illustrates Growth which may be generated by better utilizing existing resources (improved Technology) or by acquiring more resources over time.

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): left (or inward)
right( or outward)
first (or low) gear
none of the above
________________________________________
Question 7 (6063110):
What is the benefit of moving from B back to A ?
Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): 2 units of clothing
4 units of clothing
9 computers
3 computers
________________________________________
Question 8 (6063106):
In the graph above, the point D represents values resulting in ____________.
Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): inflation
efficiency
unemployment
growth
________________________________________
Question 9 (6063083): __________________ theory did not take into account the advancement of technology and systems changes.

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): Thomas Malthus’
Robert Owen’s
Karl Marx’s
David Ricardo’s
________________________________________
Question 10 (6063069): The ability of people to conceive an idea (innovate), bring together resources, and take _________ when starting a business are all part of Entrepreneurship.

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): obscene profit
big losses
the risk
none of the above
________________________________________
Question 11 (6063107):
What is the benefit of moving from B to C ?

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): 3 units of clothing
9 units of clothing
2 computers
4 computers
________________________________________
Question 12 (6063093): _____________ of concepts is one important means of understanding Economics.

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): Digitizing
Nono-engineering
Visualization
Mastication
________________________________________
Question 13 (6063100): Under-employment is when a resource is not fully utilized, such as when _____________________________________________.

Type: Multiple Choice
Points awarded: 0.00 / 1.00

Correct answer(s): your Economics professor cannot find even a street sweeping job
c. or d. below
an office building stands 80% empty
a computer network runs at only 50% of capacity
________________________________________
Question 14 (6063073): The transition away from ___________________ systems began as the manor life yielded to the city life in the 17th and 18th centuries in Europe.

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): Fantasy and Utopian
Market and Autocratic
Command and Market
Traditional and Autocratic
________________________________________
Question 15 (6063061): The _____________ of a nation is determined by the resources available and how they are used.

Type: Multiple Choice
Points awarded: 1.00 / 1.00

Correct answer(s): Sovereignties
Standard of Living
Quarks
Quirks


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Mircoeconomics 2302 - Assessment: Lesson 2 Quiz with 100% Correct Answers

Tutorial # 00014487
Posted On: 05/10/2014 07:27 AM
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Tutorial Preview …(6063085): xxxxxxxxxxxx argued xxxx capitalism would xxxx to socialism xxx then xx xxxxxxxxx as xxxxxx of unemployed xxxxxxx would force xxxxxxxx change xx xxxxxxxx Choice xxxxxx awarded: 1 xx / 1 xx Correct xxxxxxxxxx xxxxxx Malthus xxxxxx Owen Karl xxxx David Ricardo xxxxxxxx 10 xxxxxxxxxx xxxxxxxxxxxxxx is xxxx a resource xx not fully xxxxxxxxx such xx xxxx when xxxx Economics professor xxx to sweep xxx streets xx x primary xxx Type: Multiple xxxxxx Points awarded: x 00 x x 00 xxxxxxx answer(s): Under-employment xxxxxxxxxxxx Inflation Economic xxxxxxxxxx Question xx xxxxxxxxxx In xxxxxxx during the xxxxx 1900’s Labor xxxxxx became xx xxxxxxxx force xx the role xx workers became xxxxxxxxxxx for xxxxxxxx xxxxxxxxxxx Type: xxxxxxxx Choice Points xxxxxxxx 1 00 x…
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Assessment_Quiz_2_Mircoeconomics_2302.docx (36.76 KB)
Preview: per xxxxxxxxxx money xxxxxxxxxx Question 6 xxxxxxxxxxx shift in x PPC/PPF xx xxxxxxxxxxxxxxxxx illustrates xxxxxx which may xx generated by xxxxxx utilizing xxxxxxxx xxxxxxxxx (improved xxxxxxxxxxx or by xxxxxxxxx more resources xxxx time xxxxxxxxxxxxxxx xxxxxxxxxxxx awarded:1 xx / 1 xx Correct answer(s): xxxx (or xxxxxxxxxxxxx xx outward)first xxx low) gearnone xx the above xxxxxxxx 7 xxxxxxxxxxxxxx xx the xxxxxxx of moving xxxx B back xx A xxxxxxxxxxxxxx xxxxxxxxxxxx awarded:1 xx / 1 xx Correct answer(s): x units xx xxxxxxxxx units xx clothing9 computers3 xxxxxxxxxxxxxxxxx 8 (6063106):In xxx graph xxxxxx xxx point x represents values xxxxxxxxx in ____________ xxxxxxxxxxxxx ChoicePoints xxxxxxxxx xx / x 00 Correct xxxxxxxxxx inflation efficiencyunemploymentgrowthQuestion x (6063083):__________________ xxxxxx xxx not xxxx into account xxx advancement of xxxxxxxxxx and xxxxxxx xxxxxxx Type:Multiple xxxxxxxxxxxx awarded:1 00 x 1 00 xxxxxxx answer(s): xxxxxx xxxxxxxxxxxxxxxx Owen’sKarl xxxxxxxxxxxxx Ricardo’s Question xx (6063069):The ability xx people xx xxxxxxxx an xxxx (innovate), bring xxxxxxxx resources, and xxxx _________ xxxx xxxxxxxx a xxxxxxxx are all xxxx of Entrepreneurship xxxxxxxxxxxxxxx ChoicePoints xxxxxxxxx xx / x 00 Correct xxxxxxxxxx obscene profitbig xxxxxxxxx risknone xx xxx above xxxxxxxx 11 (6063107):What xx the benefit xx moving xxxx x to x ? Type:Multiple ChoicePoints xxxxxxxxx 00 / x 00 xxxxxxx xxxxxxxxxx 3 xxxxx.....
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