8348233
Descripción
Test por Liz ALizaa, actualizado hace más de 1 año
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Creado por Liz ALizaa
hace más de 7 años
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Pregunta 1
Pregunta
Economic freedom generally leads to
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a higher standard of living
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longer life expectancy
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better education
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a better living conditions
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all of the above
Pregunta 2
Pregunta
Which of the following statements is true?
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Goods are scarce for the poor but not for the rich
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Goods are scarce for neither the poor nor the rich
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Goods are scarce for both the poor and the rich
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Goods are scarcer for the poor than for the rich
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Goods are scarce for the rich but not for the poor
Pregunta 3
Pregunta
If you must make a choice about consuming two apples, three oranges, or one candy bar, the opportunity cost of the candy bar is
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two apples and three oranges
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the difference in the prices of the three options
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two apples or three oranges, whichever you must prefer
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three oranges
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two apples
Pregunta 4
Pregunta
Opportunity cost is best defined as the
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cost of a good less profits
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money spent once a choice is made
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sum of all alternatives given up when a choice is made
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highest valued alternative given up when a choice is made
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cost of capital resources used in the production of additional capital
Pregunta 5
Pregunta
Nicky makes $25,000 a year as a sales clerk. He then decides to quit his job to enter an MBA program full time (assume Nicky does not work in the summer or hold any part time jobs). His tuition, books, living expenses, and fees total $15,000 a year. Given this information, the annual total cost of Nicky's MBA studies is
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$35,000
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$40,000
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$25,000
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$10,000
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$15,000
Pregunta 6
Pregunta
Which of the following is considered to be a physical capital?
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Machinery
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Stocks
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Money
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Bonds
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Finished products
Pregunta 7
Pregunta
Oil found underground in Texas is an example of
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an entrepeneur
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a labor resource
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land or natural resource
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a capital resource
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human capital
Pregunta 8
Pregunta
A person has a comparative advantage in producing a good if that person
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can produce the good at a lower absolute cost than anyone else
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can produce the good at a higher opportunity cost than anyone else
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can do a better job than anyone else
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spends less money in out of pocket expenses than anyone else
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can produce the good at a lower opportunity cost than anyone else
Pregunta 9
Pregunta
Scenario 1.1 Alan and Brian work at a baseball and softball manufacturing plant. Alan can produce either 10 baseballs or 4 softballs in an hour. Brain can produce either 8 baseballs or 2 softballs in an hour. According to Scenario 1.1, the opportunity cost for Brian to produce 1 softball is
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2 1/2 baseballs
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2/3 baseball
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4 baseballs
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1/4 baseball
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less than the opportunity cost for Alan to produce 1 softball
Pregunta 10
Pregunta
In figure 1.3, under utilization of resources is represented by point
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A
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B
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C
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D
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E
Pregunta 11
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Pregunta 12
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Pregunta 13
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Pregunta 14
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Pregunta 15
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Pregunta 16
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Pregunta 17
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Pregunta 18
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Pregunta 19
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Pregunta 20
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Pregunta 21
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Pregunta 22
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Pregunta 23
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Pregunta 24
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Pregunta 25
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Pregunta 26
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Pregunta 27
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Pregunta 28
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Pregunta 29
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Pregunta 30
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- True
- False
Pregunta 31
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Pregunta 32
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Pregunta 33
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Pregunta 34
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Pregunta 35
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Pregunta 36
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Pregunta 37
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Pregunta 38
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Pregunta 39
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Pregunta 40
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E
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