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Online Economics Final Exam- Multiple Choice Question 1 Economic decisions involve doing what with resources to produce goods and services for people to consume? A. Allocating B. Marginalizing C. Renewing D. Satisfying Correct Answer A. Allocating Question 2 Economics is about the production of goods and services, which requires the allocation of what? A. Benefits B. Consumption C. Resources D. Utility Correct Answer C. Resources Question 3 In an economic system, decisions n...

Final Exam Multiple Choice Question 1 World War 1: What prewar assumption was incorrect concerning the new technologies of artillery and machine guns? Correct Answer A. They bolstered the offense not the defense. Question 2 World War 1:How was the manpower necessary for the AEF (American Expeditionary Forces) raised? Correct Answer D. Through a draft administered by local boards. Question 3 Which is not an example of how WW1 contributed or led to WW2? Correct Answer D. Allies were ...

Economics Final Exam (multiple choice) Question 1 a spending and savings plan based on estimated income and expenses for an individual or organization over a specific period of time Correct Answer budget Question 2 a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit Correct Answer asset Question 3 an obligation that legally binds an individual or company to settle a debt; when one is respons...

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