ECO 204 WK 1 QUIZ.
, Instructions
Week 1 Quiz
[WLOs: 1, 2, 3, 4] [CLOs: 1, 2, 3, 4, 5]
Complete the quiz on the assigned readings for the week. This quiz consists of 10 multiple-
choice questions and is worth 5% of your course grade. You will have 12 hours to complete
the quiz and it must be taken in one sitting.
Click on the Take the Quiz button when you are ready to start this exam. When finished, click
on Submit Quiz.
Score for this quiz: 7 out of 10
Question 1
pts
A production possibilities curve that bows outward from the origin implies that
.
the more of a good you get, the less it will cost to get even more
no matter how much more of a good you get, the cost per unit will remain unchanged
the cost of more of a good is independent of the shape of a production possibilities
curve
Correct Answer
the more of a good you get, the more it will cost to get even more
The answer can be found in Chapter 1, Section 1.3, Society’s Choices: The Production
Possibilities Curve.
Question 2
pts
Janet is taking a microeconomics course. An appropriate subject for one of Janet’s
papers would be .
This study source was downloaded by 100000817936687 from CourseHero.com on 02-22-2022 12:22:42 GMT -06:00
https://www.coursehero.com/file/42373683/ECO204-WK-1-Quizdocx/
, Instructions
Week 1 Quiz
[WLOs: 1, 2, 3, 4] [CLOs: 1, 2, 3, 4, 5]
Complete the quiz on the assigned readings for the week. This quiz consists of 10 multiple-
choice questions and is worth 5% of your course grade. You will have 12 hours to complete
the quiz and it must be taken in one sitting.
Click on the Take the Quiz button when you are ready to start this exam. When finished, click
on Submit Quiz.
Score for this quiz: 7 out of 10
Question 1
pts
A production possibilities curve that bows outward from the origin implies that
.
the more of a good you get, the less it will cost to get even more
no matter how much more of a good you get, the cost per unit will remain unchanged
the cost of more of a good is independent of the shape of a production possibilities
curve
Correct Answer
the more of a good you get, the more it will cost to get even more
The answer can be found in Chapter 1, Section 1.3, Society’s Choices: The Production
Possibilities Curve.
Question 2
pts
Janet is taking a microeconomics course. An appropriate subject for one of Janet’s
papers would be .
This study source was downloaded by 100000817936687 from CourseHero.com on 02-22-2022 12:22:42 GMT -06:00
https://www.coursehero.com/file/42373683/ECO204-WK-1-Quizdocx/
