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Econ 312 Week 1 to 7 Quizzes

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ECON 312 WEEK 1 TO 7 QUIZZES

Click Link Below To Buy: http://hwaid.com/shop/econ-312-week-1-to-7-quizzes/ Week 1 Question 1. Question : (TCO 1) Economics is the study of

Question 2. Question : (TCO 1) The key economic concept that serves as the basis for the study of economics is Question 3. Question : (TCO 1) From an economic perspective, when a student decides to attend another year of college, the student has concluded that the marginal Question 4. Question : (TCO 1) Which is considered to be an economic resource by economists? Question 5. Question : (TCO 1) A movement along the production possibilities curve would imply that

Question 6. Question : (TCO 1) Which would not be characteristic of a capitalist economy? Question 7. Question : (TCO 1) The development of CDs and DVDs that significantly reduced the market for cassette tapes would be an example of Question 8. Question : (TCO 1) Which of the following would be primarily determined in the resource market? Question 9. Question : (TCO 1) By free enterprise, we mean that Question 10. Question : (TCO 1) Which is the main problem with the barter system of exchange? Barter
Question 11. Question : (TCO 1) Josephine makes $100 a day as a flower shop attendant. She takes off two days of work without pay to travel to another city to attend her sister’s wedding. The cost of transportation for the trip is $180 round trip. The cost of her hotel stay is $99 per night and she stays for 2 nights. What is the opportunity cost of Josephine’s trip to the wedding? Show your calculations. Question 12. Question : (TCO 1) What does “Invisible Hand” mean? Week 2

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