Econ 001 - Principles of Economics » Fall 2021 » Quiz on Lessons 1, 2, and 3

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Question #1
When a line has a NEGATIVE slope, the two events are said to have a "direct" relation.
A.   TRUE
B.   FALSE
Question #2
Scientific "laws" or relations, between cause (X) and effect (Y) are shown with
A.   a recipe, called a formula or equation. a graph with points plotted in the space. a table with numbers measuring the X and Y events.
B.   a recipe, called a formula or equation. a simple picture, called a "model."
C.   a simple picture, called a "model." a graph with points plotted in the space. a table with numbers measuring the X and Y events.
D.   a recipe, called a formula or equation. a simple picture, called a "model." a graph with points plotted in the space. a table with numbers measuring the X and Y events.
Question #3
To reduce global conflicts, Professor Brown urges students get a degree in a science or technology that helps stabilize resources -- like agriculture and civil engineering -- not Amish Haiku.
A.   FALSE
B.   TRUE
Question #4
Which of the following are "bad" shocks - changes that hurt our resources and survival.
A.   botantists discover that a common fast-growing plant found in South America can be used to cure headaches in humans! ideal weather allows abundant food crops to be grown for 10 years straight! solar storms disrupt electrical grids and shut down power to cities for 20 months!
B.   solar storms disrupt electrical grids and shut down power to cities for 20 months! hurricanes destroy U.S. farms and bridges! a new cow disease wipes out beef cattle herds around the world!
C.   botantists discover that a common fast-growing plant found in South America can be used to cure headaches in humans! hurricanes destroy U.S. farms and bridges! companies start to use 3-D printers to custom manufacture products, art work and repair parts for their customers!
D.   botantists discover that a common fast-growing plant found in South America can be used to cure headaches in humans! ideal weather allows abundant food crops to be grown for 10 years straight! companies start to use 3-D printers to custom manufacture products, art work and repair parts for their customers!
Question #5
Economists believe human behavior can best be predicted by looking at "shocks" - good and bad changes in resources we need to survive.
A.   FALSE
B.   TRUE
Question #6
On a graph, the "X" event is always measured along the HORIZONTAL axis.
A.   FALSE
B.   TRUE
Question #7
New technologies that help us use resources more efficiently also help the Society's total "economic pie" to expand (get bigger)!
A.   FALSE
B.   TRUE
Question #8
In math classes, another label used for the "Y" event is "F(x)."
A.   TRUE
B.   FALSE
Question #9
A news headline says, "Insects destroy corn crops, driving up corn prices." In this headline, the cause or "X" event is
A.   corn crops
B.   corn prices
C.   insects
Question #10
A "variable" means an 'event that varies' -- sometimes it happens, sometimes it doesn't.
A.   FALSE
B.   TRUE

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