Meymey

Your Results for Level 1: Definitions and Concepts | Print this page| Site appellation:| political economy| Books Title:| Economics| Books motive:| McTaggart, Findlay and Parkin| Location on Site: | Home > Student Resources > Chapter 01: What is Economics? > Diagnostic Quizzes > Level 1: Definitions and Concepts| Date/Time Submitted:| celestial latitude 2, 2010 at 4:29 PM (EST)| | Summary of Results| one C% Correct of 20 items: 20 correct: | 100%| 0 incorrect:| 0%| | More information about marker | | | | 1.| | Economics can be defined as the intuition that explains _____________. Your purpose:| the alternatives that we make as we cope with scarcity | |  | purify | | 2.| | Scarcity is a situation in which ______________________. Your service:| we be unable to satisfy all our indispensablenesss | |  | lay | | 3.| | The five deep economic questions atomic number 18 __________. Your Answer:| what, how, when, where, and who | |  | CORRECT | | 4.| | Goods and serve are ___________________. Your Answer:| all the valuable things that people produce | |  | CORRECT | | 5.| | When the government chooses to spend the tax dollars that it collects on national disproof, its choice ___________________.

Your Answer:| involves a tradeoff of other goods and services such as education for more national defense | |  | To see why, study p. 5 of your textbook. | | 6.| | Making a choice at the margin means ____________________. Your Answer:| deciding to do a little bit more or a little bit less of an activity | |  | CORRECT | | 7.| | If the bell of textbooks rises by a large amount, you have an incentive to __________________. Your Answer:| buy fewer books and share with your friends | |  | CORRECT | | 8.| | In ___________ some people give orders and other people obey those orders. Your Answer:| a command system | |  | CORRECT | | 9.| | Market failure... If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .