100%%%%% AAA!!! PLEASE

0 comments

Question 11 pts<p>Which statement best illustrates the concept of diminishing marginal utility?</p>

Which statement best illustrates the concept of diminishing marginal utility?

 
 
 

Flag this Question
Question 21 pts<p>The case for the law of demand can best be argued on the basis of;</p>

The case for the law of demand can best be argued on the basis of;

 
 
 

Flag this Question
Question 31 pts<p>A point on a demand curve indicates;</p>

A point on a demand curve indicates;

 
 
 

Flag this Question
Question 41 pts<p>The horizontal axis of a graph which shows a market demand curve indicates the;</p>

The horizontal axis of a graph which shows a market demand curve indicates the;

 
 
 

Flag this Question
Question 51 pts<p>Which will NOT cause a change in the demand for Product A?</p>

Which will NOT cause a change in the demand for Product A?

 
 
 

Flag this Question
Question 61 pts<p>A normal good is one</p>

A normal good is one

 
 
 

Flag this Question
Question 71 pts<p>Which good would usually be an inferior good?</p>

Which good would usually be an inferior good?

 
 
 

Flag this Question
Question 81 pts<p>If product Y is an inferior good, and increase in consumer incomes will;</p>

If product Y is an inferior good, and increase in consumer incomes will;

 
 
 

Flag this Question
Question 91 pts<p>Capitalism is an economic system that;</p>

Capitalism is an economic system that;

 
 
 

Flag this Question
Question 101 pts<p>The price elasticity of demand is a measure of the;</p>

The price elasticity of demand is a measure of the;

 
 
 

Flag this Question
Question 111 pts<p>If the price elasticity of demand for a good is 0.75, the demand for the good can be described as;</p>

If the price elasticity of demand for a good is 0.75, the demand for the good can be described as;

 
 
 

Flag this Question
Question 121 pts<p>When the price of a product is increased 10% and the quantity demanded decreases 15%, the product is considered;</p>

When the price of a product is increased 10% and the quantity demanded decreases 15%, the product is considered;

 
 
 

Flag this Question
Question 131 pts<p>If the price elasticity of demand for a product is equal to 0.50, than a 10% decrease in price will;</p>

If the price elasticity of demand for a product is equal to 0.50, than a 10% decrease in price will;

 
 
 

Flag this Question
Question 141 pts<p>The satisfaction, or pleasure, one gets from consuming a good or service is;</p>

The satisfaction, or pleasure, one gets from consuming a good or service is;

 
 
 

Flag this Question
Question 151 pts<p>After eating four slices of pizza, you are offered a fifth slice.  Your turn down the slice.  Your refusal indicates that;</p>

After eating four slices of pizza, you are offered a fifth slice.  Your turn down the slice.  Your refusal indicates that;

 
 
 

Flag this Question
Question 161 pts<p>According to the law of diminishing marginal utility, the marginal utility associated with consuming successive units of a good will;</p>

According to the law of diminishing marginal utility, the marginal utility associated with consuming successive units of a good will;

 
 
 

Flag this Question
Question 171 pts<p>One feature of pure monopoly is that the monopolist is;</p>

One feature of pure monopoly is that the monopolist is;

 
 
 

Flag this Question
Question 181 pts<p>Barriers to entry?</p>

Barriers to entry?

 
 
 

Flag this Question
Question 191 pts<p>Which is a barrier to entry?</p>

Which is a barrier to entry?

 
 
 

Flag this Question
Question 201 pts<p>A characteristic of a purely competitive labor market would be;</p>

A characteristic of a purely competitive labor market would be;

 
 
 

Flag this Question
Question 211 pts<p>If some activities create external benefits as well as private benefits, the economic theory suggests that the activity ought to be</p>

If some activities create external benefits as well as private benefits, the economic theory suggests that the activity ought to be

 
 
 

Flag this Question
Question 221 pts<p>The ratio at which nations will exchange goods and services is known as the </p>

The ratio at which nations will exchange goods and services is known as the 

 
 
 

Flag this Question
Question 231 pts<p>Trade between nations with different skills/resources leads to;</p>

Trade between nations with different skills/resources leads to;

 
 
 

Flag this Question
Question 241 pts<p>U.S. imports create a;</p>

U.S. imports create a;

 
 
 

Flag this Question
Question 251 pts<p>A firm is considered to be operating most profitably where Marginal Cost and Average Total Cost curves intersect?</p>

A firm is considered to be operating most profitably where Marginal Cost and Average Total Cost curves intersect?

 
 
 

Flag this Question
Question 261 pts<p>Excellent weather created a higher than normal peach crop in South Carolina.  Shortly there after the price of peaches fell significantly.  These events suggest that a(n);</p>

Excellent weather created a higher than normal peach crop in South Carolina.  Shortly there after the price of peaches fell significantly.  These events suggest that a(n);

 
 
 

Flag this Question
Question 271 pts<p>A recurring theme in economics is;</p>

A recurring theme in economics is;

 
 
 

Flag this Question
Question 281 pts<p>The opportunity cost for a consumer that smokes cigarettes is the;</p>

The opportunity cost for a consumer that smokes cigarettes is the;

 
 
 

Flag this Question
Question 291 pts<p>Which is the primary focus of study in macroeconomics? </p>

Which is the primary focus of study in macroeconomics? 

 
 
 

Flag this Question
Question 301 pts<p>If demand for farm crops is inelastic, a good harvest will cause farm revenues to;</p>

If demand for farm crops is inelastic, a good harvest will cause farm revenues to;

About the Author

Follow me


{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}