Econ 101 midterm | Education homework help


 

ECON 101 Midterm

Part 1 of 1 -

100.0 Points

Question 1 of 20

4.45 Points

Economics is the examine of:

A.increasing the smooth of causative instrument so there is climax output in communion.

B.increasing the smooth of causative instrument so there is a incompleteness smooth of pay.

C.how persons, institutions, and communion execute daintys beneath provisions of deficiency.

D.the fertile use of rare instrument paid for at the incompleteness smooth of consume to consumers and businesses.

Question 2 of 20

4.45 Points

Which of the aftercited is not a accessible standpoint of the "economic perspective"?

A.Scarcity and dainty.

B.The or-laws course.

C.Purposeful demeanor.

D.Marginal separation.

Question 3 of 20

4.45 Points

The compensation or enjoyment one gets from consuming a good-tempered-tempered or advantage is:

A.price.

B.utility.

C.consumption.

D.preferences.

Question 4 of 20

4.45 Points

The secret occupation of peculiarity instrument and use of expenses to frequented and coordinate economic breath is speciality of:

A.a direct method.

B.a communicate method.

C.communism.

D.socialism.

Question 5 of 20

4.45 Points

Which announcement best describes a chiefist husbanding?

A.The emanation of good-tempereds and advantages is strong chiefly by communicates, but the allocation of good-tempereds and advantages is strong chiefly by synod.

B.The emanation of good-tempereds and advantages is strong chiefly by synod, but the allocation of good-tempereds and advantages is strong chiefly by communicates.

C.The emanation and allocation of good-tempereds and advantages is strong chiefly through communicates.

D.The emanation and allocation of good-tempereds and advantages is strong chiefly through synod.

Question 6 of 20

4.45 Points

Capitalism is an economic method that:

A.produces past chief good-tempereds than consumer good-tempereds.

B.produces past consumer good-tempereds than chief good-tempereds.

C.gives the synod the lawful to tax men-folks and corporations.

D.secret men-folks and corporations the lawful to own causative instrument.

Question 7 of 20

4.45 Points

In a communicate method, well-defined peculiarity lawfuls are relevant accordingly they:

A.contract useless cannonade.

B.designation baneful economic augmentation.

C.invent economic problems.

D.permit economic breath.

Question 8 of 20

4.45 Points

If two good-tempereds are complements:

A.theyare consumed independently.

B.an development in the expense of one get development the ask-for for the other.

C.a retrench in the expense of one get development the ask-for for the other.

D.theyare necessarily auxiliary good-tempereds.

Question 9 of 20

4.45 Points

When the expense of a emanation is developmentd 10 percent, the part ask-fored retrenchs 15 percent. In this place of expenses, ask-for for this emanation is:

A.elastic.

B.inelastic.

C.cross-elastic.

D.unitary extensile.

Question 10 of 20

4.45 Points

Demand can be said to be inextensile when:

A.an development in expense ends in a abatement in sum fruits.

B.a abatement in expense ends in an development in sum fruits.

C.a abatement in expense ends in a retrench in sum fruits.

D.the extensileity cofertile exceeds one.

Question 11 of 20

4.45 Points

Economic augmentation is shown by a alter of the emanation possibilities flexion apparent and to the lawful.

A. True

B. False

Question 12 of 20

4.45 Points

The lewd factors of emanation are place, work, chief, and synod advantages.

A. True

B. False

Question 13 of 20

4.45 Points

If ask-for developments and furnish concertedly retrenchs, equilibrium expense get soften.

A. True

B. False

Question 14 of 20

4.45 Points

Property lawfuls entertain a aggravatebearing gear in a communicate husbanding accordingly they permit owners to conceal their peculiarity.

A. True

B. False

Question 15 of 20

4.45 Points

In the expense place where ask-for is obstinate, a retrench in expense get end in a retrench in sum fruits.

A. True

B. False

Question 16 of 20

4.45 Points

Price extensileity of furnish retrenchs the longer the determination determination.

A. True

B. False

Question 17 of 20

4.35 Points

Toothpaste and toothbrushes are commute good-tempereds.

A. True

B. False

Question 18 of 20

4.45 Points

A synod-set expense ceiling get inferior equilibrium expense and part in a communicate.

A. True

B. False

Question 19 of 20

10.0 Points

Under what extensileity provisions would the aftercited be penny?

Question 20 of 20

10.0 Points

The communicate for gasoline has radical in a townsman suggestive ways aggravate the ultimate few years: new technologies entertain retrenchd the consumes associated after a while surrendering gasoline, and automobiles are befitting past fuel fertile. Describe how these changes favor the furnish of and ask-for for gasoline. What is the aggravateall gear on equilibrium expense?