Economics 002 - Principles of Economics II » Winter 2021 » Chapter 1 Lecture Quiz
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ Economics 002 - Principles of Economics II ] course for $25 USD.
Existing Quiz Clients Login here
Question #1
The production possibilities curve is concave because of:
A.
Optimal output
B.
Increasing opportunities costs
C.
The economizing problem
D.
Production possibilities model
Question #2
Which term best describes a measure of "useful-ness"?
A.
Production possibilities curve
B.
Money
C.
Budget line
D.
Utility
Question #3
The term "__________ ____________", key point of Chapter 1 Part 2, is defined as all other things being constant.
A.
Ceteris paribus
B.
Straight line
C.
Economic model
D.
Dollar votes
Question #4
The key point from the lecture for Chapter 1 Part 4 is:
A.
International trade
B.
Technological advance
C.
A shift in the Production Possibilities Curve
D.
Optimal Output
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ Economics 002 - Principles of Economics II ] course for $25 USD.
Existing Quiz Clients Login here