Assignment 1

Is this your test? Login to manage it. If not, you can generate a test just like it.

1.
1 point
Macroeconomics approaches the study of economics from the viewpoint of:
2.
1 point
A normative statement is one that:
3.
1 point
When economists say that people act rationally in their self-interest, they mean that individuals:
4.
1 point
Which one of the following expressions best states the idea of opportunity cost?
5.
1 point
Economics may best be defined as the:
6.
1 point
Opportunity costs exist because:
7.
1 point
A person should consume more of something when its marginal
8.
1 point
In economics, the pleasure, happiness, or satisfaction received from a product is called:
9.
1 point
A positive statement is one that is:
10.
1 point
The term "other things equal" means that: