1|Page
ECON 200 UOFA Exam 1 Newest 2025/2026 Complete
Questions And 100Correct Answers (Verified And
Graded A+||Brand New)
Alicia and Christine are doctors at a hospital and can each
perform two tasks: open-heart surgery and liver
transplants. Alicia is more efficient than Christine at both of
these two tasks, but Alicia has a lower opportunity cost in
performing liver transplants. Identify the actions that lead
to the hospital seeing more patients.
- Christine and Alicia get equal time doing heart surgery
and equal time doing liver transplants.
- Christine spends most of her time doing heart surgeries.
- Because Alicia is more efficient at both types of surgery,
the hospital has Christine do administrative tasks.
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- Christine spends most of her time doing liver transplants.
- Alicia spends most of her time doing liver transplants. -
ANSWER-correct:
- Christine spends most of her time doing heart surgeries.
- Christine spends most of her time doing liver transplants.
incorrect:
- Christine and Alicia get equal time doing heart surgery
and equal time doing liver transplants.
- Because Alicia is more efficient at both types of surgery,
the hospital has Christine do administrative tasks.
- Alicia spends most of her time doing liver transplants.
,3|Page
What methods may an economist use to test a
hypothesis?
- Conduct one or more experiments
- Wait for real-world events to confirm or refute the
hypothesis.
- Gather historical data.
- Formulate an alternative hypothesis.
- Frame the hypothesis as a normative statement. -
ANSWER-correct:
- Conduct one or more experiments
- Wait for real-world events to confirm or refute the
hypothesis.
- Gather historical data.
, 4|Page
incorrect:
- Formulate an alternative hypothesis.
- Frame the hypothesis as a normative statement.
Dinesh notices that many people with gym memberships
are overweight. He concludes that gym memberships
make people gain weight. What is the error in Dinesh's
thinking?
- Dinesh has mistakenly asserted a relationship between
gym membership and weight problems.
- Dinesh has mistaken correlation for causation.
- Dinesh has mistaken a negative correlation for a positive
one.
ECON 200 UOFA Exam 1 Newest 2025/2026 Complete
Questions And 100Correct Answers (Verified And
Graded A+||Brand New)
Alicia and Christine are doctors at a hospital and can each
perform two tasks: open-heart surgery and liver
transplants. Alicia is more efficient than Christine at both of
these two tasks, but Alicia has a lower opportunity cost in
performing liver transplants. Identify the actions that lead
to the hospital seeing more patients.
- Christine and Alicia get equal time doing heart surgery
and equal time doing liver transplants.
- Christine spends most of her time doing heart surgeries.
- Because Alicia is more efficient at both types of surgery,
the hospital has Christine do administrative tasks.
,2|Page
- Christine spends most of her time doing liver transplants.
- Alicia spends most of her time doing liver transplants. -
ANSWER-correct:
- Christine spends most of her time doing heart surgeries.
- Christine spends most of her time doing liver transplants.
incorrect:
- Christine and Alicia get equal time doing heart surgery
and equal time doing liver transplants.
- Because Alicia is more efficient at both types of surgery,
the hospital has Christine do administrative tasks.
- Alicia spends most of her time doing liver transplants.
,3|Page
What methods may an economist use to test a
hypothesis?
- Conduct one or more experiments
- Wait for real-world events to confirm or refute the
hypothesis.
- Gather historical data.
- Formulate an alternative hypothesis.
- Frame the hypothesis as a normative statement. -
ANSWER-correct:
- Conduct one or more experiments
- Wait for real-world events to confirm or refute the
hypothesis.
- Gather historical data.
, 4|Page
incorrect:
- Formulate an alternative hypothesis.
- Frame the hypothesis as a normative statement.
Dinesh notices that many people with gym memberships
are overweight. He concludes that gym memberships
make people gain weight. What is the error in Dinesh's
thinking?
- Dinesh has mistakenly asserted a relationship between
gym membership and weight problems.
- Dinesh has mistaken correlation for causation.
- Dinesh has mistaken a negative correlation for a positive
one.
