Economics Semester Overview
Subject:
Economics [1]
Tags:
economics [10]
MICROECONOMICS - TEST ONE NAME __________________________________ Forty-four multiple choice questions, each worth 2 points; and two short-answer questions, each worth 6 points. For each question, circle the best answer. 1. The study of economics is primarily concerned with: A) keeping private businesses from losing money. B) keeping economics professors from starving to death. C) choices that are made in seeking to use scarce resources efficiently. D) determining the most equitable (fair) distribution of the government's money. 2. Even though the Orlando Sentinel is inexpensive, people rarely buy more than one of them each day. This fact: A) is an example of irrational behavior.