Econ 102 Exam 1 With Correct Ratio
Economics cis c- cCORRECT cANS✔✔The csocial cscience cthat cseeks cto cunderstand cthe cchoices
cresources cto cmeet ctheir cunlimited cwants
What cis cthe cprocess cin cwhich cworkers cselect cspecialized ctasks cto cmake ca cproduct? c- cCORRE
According cto cFigure c1.1, cwhich csection cof cthe cgraph cdepicts ceconomies cof cscale? c- cCORREC
czero cto cQ*
The cstudy cof ceconomics cis cprimarily cconcerned cwith: c- cCORRECT cANS✔✔Understanding chow
cgovernments, c& csocieties cuse cscarce cresources
Microeconomics cis cconcerned cwith: c- cCORRECT cANS✔✔The cindividual cunits cthat cmake cup cth
Who cconducts cfiscal cpolicy? c- cCORRECT cANS✔✔(All cof cthe cabove)
- cThe cexecutive cbranch
- cThe cnation's clegislative cbody
- cCongress
Who cconducts cmonetary cpolicy? c- cCORRECT cANS✔✔The ccountry's ccentral cbank
The crole cof can cassumption cin can ceconomic ctheory cis cto: c- cCORRECT cANS✔✔Simplify cthe cth
In cthe ccircular cflow cmodel, chouseholds: c- cCORRECT cANS✔✔Buy cproducts cand csell cresources
cresources)
Traditional ceconomy: c- cCORRECT cANS✔✔Typically can cagricultural ceconomy cwhere cthings care
chave calways cbeen cdone
Command ceconomy: c- cCORRECT cANS✔✔An ceconomic cstructure cwhere ceconomic cdecisions c
chierarchy) cfrom cgovernment cplanners cwhere cfactors cof cproduction care cowned cby cthe cgovernm
Market ceconomy: c- cCORRECT cANS✔✔An ceconomy cwhere ceconomic cdecisions care cconducted
cfactors cof cproduction care cowned cby cindividuals cand cbusinesses csupply cgoods cand cservices cb
Economics cis c- cCORRECT cANS✔✔The csocial cscience cthat cseeks cto cunderstand cthe cchoices
cresources cto cmeet ctheir cunlimited cwants
What cis cthe cprocess cin cwhich cworkers cselect cspecialized ctasks cto cmake ca cproduct? c- cCORRE
According cto cFigure c1.1, cwhich csection cof cthe cgraph cdepicts ceconomies cof cscale? c- cCORREC
czero cto cQ*
The cstudy cof ceconomics cis cprimarily cconcerned cwith: c- cCORRECT cANS✔✔Understanding chow
cgovernments, c& csocieties cuse cscarce cresources
Microeconomics cis cconcerned cwith: c- cCORRECT cANS✔✔The cindividual cunits cthat cmake cup cth
Who cconducts cfiscal cpolicy? c- cCORRECT cANS✔✔(All cof cthe cabove)
- cThe cexecutive cbranch
- cThe cnation's clegislative cbody
- cCongress
Who cconducts cmonetary cpolicy? c- cCORRECT cANS✔✔The ccountry's ccentral cbank
The crole cof can cassumption cin can ceconomic ctheory cis cto: c- cCORRECT cANS✔✔Simplify cthe cth
In cthe ccircular cflow cmodel, chouseholds: c- cCORRECT cANS✔✔Buy cproducts cand csell cresources
cresources)
Traditional ceconomy: c- cCORRECT cANS✔✔Typically can cagricultural ceconomy cwhere cthings care
chave calways cbeen cdone
Command ceconomy: c- cCORRECT cANS✔✔An ceconomic cstructure cwhere ceconomic cdecisions c
chierarchy) cfrom cgovernment cplanners cwhere cfactors cof cproduction care cowned cby cthe cgovernm
Market ceconomy: c- cCORRECT cANS✔✔An ceconomy cwhere ceconomic cdecisions care cconducted
cfactors cof cproduction care cowned cby cindividuals cand cbusinesses csupply cgoods cand cservices cb
