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Quiz

Micro

Derek Lasky 100 perguntas

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Perguntas do quiz (100)

  1. 1Scarcity exists when
    1. Athere is less than an infinite amount of a resource or good.
    2. Bthere is less of a good or resource available than people wish to have.
    3. Cthe government cannot meet the wants of every individual.
    4. Db and c
  2. 2Which of the following goods best meets the definition of scarcity?
    1. Aair
    2. Bwater in a rain forest
    3. Cdrinkable water in a city
    4. Dwood in a rain forest
  3. 3Which of the following falls within the study of economics?
    1. Athe decision of a consumer in allocating her income
    2. Bthe decision of a student in allocating her time
    3. Cthe decision of a worker to take a particular job
    4. Dall of the above
  4. 4In economics, the adage, "There is no such thing as a free lunch," means:
    1. AEven people on welfare have to pay for food these days.
    2. BTo get something we like, we usually have to give up another thing we like.
    3. CThe things we eat usually contain harmful substances which will hurt our health over time.
    4. DFood is a scarce good.
  5. 5If Susan works an additional hour to help pay her college expenses,
    1. Ashe gives up an hour that she could have spent studying, exercising, or doing something else of
      value.
    2. Bshe really doesn't give up anything, because without working she can't attend college.
    3. Cwe would say she gives up something only if she could have spent her time doing something more
      important than working.
    4. Dshe gives up something only if she is working overtime.
  6. 6Paul decides to spend an hour playing basketball rather than studying or working at $6 per hour. His tradeoff is
    1. Anothing, because he enjoys playing basketball more than working or studying.
    2. Bthe benefit to his grades from studying for an hour, or the $6 he could have earned from working.
    3. Cthe increase in skill he obtains from playing basketball for that hour.
    4. Dnothing, because he spent $6 for admission into the sports complex to play basketball.
  7. 7Efficiency means that
    1. Asociety is conserving on resources in order to save them for the future.
    2. Bsociety's goods and services are distributed fairly among society's members.
    3. Csociety is getting the most it can from its scarce resources.
    4. Dsociety has lessened its dependence on energy sources.
  8. 8When government policies are being designed,
    1. Aequity and efficiency goals are usually compatible.
    2. Bequity can usually be achieved without an efficiency loss.
    3. Cthere is usually a tradeoff between equity and efficiency: forcing more equal shares of the pie
      (equity) usually results in decreasing the size of the pie (efficiency).
    4. Dincreasing the size of the pie (efficiency) usually results in more equal shares of the pie (equity).
  9. 9In economics, the cost of something is
    1. Awhat you give up to get it.
    2. Bthe out-of-pocket expense of obtaining it.
    3. Calways measured in dollars.
    4. Dalways higher than people think.
  10. 10The opportunity cost of an item is
    1. Agreater during periods of inflation and lower during periods of deflation.
    2. Bwhat you give up to get that item.
    3. Calways equal to the dollar value of the item.
    4. Dalways less than the dollar value of the item.

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Quiz sobre Micro, criado por Derek Lasky em 18-02-2018.
Idioma
English
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