ECON 1580
A/an bn_______ bndoes bnnot bnpose bnthe bnproblem bnof bnscarcity; bnone bnuse bnof bnthe bngood bnis
bnnot bnan bnalternative bnto bnanother bnuse. bn- bnanswers--free bngood
The bnCase bnin bnPoint bnon bnthe bnoil bnextraction bnsuggests bnthat bnone bnreason bnoil bnmay bnbecome
bnmore bncostly bnis bnthat:
Select bnone:
a. bnwe bnwill bnhave bnto bngive bnup bnmore bnand bnmore bnvaluable bnalternatives bnto bnextract bnoil.
b. bnspeculation bnis bnlikely bnto bndrive bnup bnoil bnprices.
c. bnoil bnproducers bnare bnlikely bnto bnbecome bnmore bngreedy bnin bnthe bnfuture.
d. bnactually, bnthe bnCase bnsuggests bnthat bnoil bnextraction bnis bnlikely bnto bnbecome bnless bncostly
bnand bnthe bnfuture. bn- bnanswers--a. bnwe bnwill bnhave bnto bngive bnup bnmore bnand bnmore bnvaluable
bnalternatives bnto bnextract bnoil.
The bnBEST bnexample bnof bnmaking bna bnchoice bnat bnthe bnmargin bnis:
Select bnone:
a. bnbuying bna bnnew bncar.
b. bnquitting bnyour bnjob.
c. bna bncoffee bndrinker bndrinking bnanother bncup bnof bncoffee.
d. bnattending bncollege. bn- bnanswers--c. bna bncoffee bndrinker bndrinking bnanother bncup bnof bncoffee.
The bnstudy bnof bna bnsingle bnfirm bnand bnhow bnit bndetermines bnprices bnwould bnfall bnunder:
Select bnone:
a. bnmacroeconomics.
b. bnmicroeconomics.
c. bnthe bnstudy bnof bninflation.
d. bnnormative bneconomics. bn- bnanswers--b. bnmicroeconomics.
A/an bn_______ bndoes bnnot bnpose bnthe bnproblem bnof bnscarcity; bnone bnuse bnof bnthe bngood bnis
bnnot bnan bnalternative bnto bnanother bnuse. bn- bnanswers--free bngood
The bnCase bnin bnPoint bnon bnthe bnoil bnextraction bnsuggests bnthat bnone bnreason bnoil bnmay bnbecome
bnmore bncostly bnis bnthat:
Select bnone:
a. bnwe bnwill bnhave bnto bngive bnup bnmore bnand bnmore bnvaluable bnalternatives bnto bnextract bnoil.
b. bnspeculation bnis bnlikely bnto bndrive bnup bnoil bnprices.
c. bnoil bnproducers bnare bnlikely bnto bnbecome bnmore bngreedy bnin bnthe bnfuture.
d. bnactually, bnthe bnCase bnsuggests bnthat bnoil bnextraction bnis bnlikely bnto bnbecome bnless bncostly
bnand bnthe bnfuture. bn- bnanswers--a. bnwe bnwill bnhave bnto bngive bnup bnmore bnand bnmore bnvaluable
bnalternatives bnto bnextract bnoil.
The bnBEST bnexample bnof bnmaking bna bnchoice bnat bnthe bnmargin bnis:
Select bnone:
a. bnbuying bna bnnew bncar.
b. bnquitting bnyour bnjob.
c. bna bncoffee bndrinker bndrinking bnanother bncup bnof bncoffee.
d. bnattending bncollege. bn- bnanswers--c. bna bncoffee bndrinker bndrinking bnanother bncup bnof bncoffee.
The bnstudy bnof bna bnsingle bnfirm bnand bnhow bnit bndetermines bnprices bnwould bnfall bnunder:
Select bnone:
a. bnmacroeconomics.
b. bnmicroeconomics.
c. bnthe bnstudy bnof bninflation.
d. bnnormative bneconomics. bn- bnanswers--b. bnmicroeconomics.
