ECON 102 Final All Quizzes and Homwork 1 8

ECON 102 Final All Quizzes and Homework 1-8 Submitted by ROBERTSON, KRISTI (KLR5625) on 1/17/2016 11:21:36 PM Points Awarded 9.00 Points Missed 1.00 Percentage 90.0% 1. The idea that resources are limited is called A) opportunity cost. B) a shortage. C) scarcity. D) insufficiency. Feedback: Definition of scarcity Table for Individual Question Feedback Points Earned: 1.0/1.0 Correct Answer(s): C 2. ________________ is the branch of economics concerned with the behavior of indivi...

ECON 102 Final All Quizzes and Homwork 1-8 The idea that resources are limited is called ________________ is the branch of economics concerned with the behavior of individual decision makers – both households and firms – and the functioning of individual industries. “If Penn State begins to fine students for littering, our classrooms would be cleaner” is an example of Ceteris paribus means Opportunity cost is A movie production company is considering making a sequel to one of their most ...