8348233
Descrição
Quiz por Liz ALizaa, atualizado more than 1 year ago
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Criado por Liz ALizaa
mais de 7 anos atrás
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Questão 1
Questão
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
Questão 2
Questão
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
Questão 3
Questão
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
Questão 4
Questão
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
Questão 5
Questão
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
Questão 6
Questão
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
Questão 7
Questão
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
Questão 8
Questão
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
Questão 9
Questão
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
Questão 10
Questão
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
Questão 11
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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
Questão 12
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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
Questão 13
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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
Questão 14
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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
Questão 15
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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
Questão 16
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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
Questão 17
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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
Questão 18
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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
Questão 19
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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
Questão 20
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B
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C
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D
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E
Questão 21
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B
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C
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D
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E
Questão 22
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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
Questão 23
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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
Questão 24
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B
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C
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D
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E
Questão 25
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B
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C
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D
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E
Questão 26
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B
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C
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D
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E
Questão 27
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B
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C
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D
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E
Questão 28
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B
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C
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D
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E
Questão 29
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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
Questão 30
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- True
- False
Questão 31
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B
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C
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D
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E
Questão 32
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B
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C
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D
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E
Questão 33
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B
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C
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D
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E
Questão 34
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B
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C
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D
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E
Questão 35
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C
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D
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E
Questão 36
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B
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C
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D
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E
Questão 37
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B
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C
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Questão 38
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B
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C
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Questão 39
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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
Questão 40
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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
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