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Economics Quizzes



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How much do u know about me?

1) What is my favorite color? : Blue
2) What is my favorite sport? : Gymnastics
3) Who is my best friend? : Lisa
4) What is my favorite show? : Dance moms
5) What is my favorite thing to do? : Do things with lanyards

Created on May 05, 2013 by
5 question(s)
Jordan Andrade
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Star Quiz
Quiz about science and Technology, computer science, physics, chemistry, biology, mathematics, history and geography, health science, game and bollywood
1) What is the average value of acceleration due to gravity g on the earth surface? : 9.8 m/s2

Created on April 28, 2013 by
1 question(s)
Rahul Raz
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test

1) vcx : xxcs

Created on April 22, 2013 by
1 question(s)
s m
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Econ 104- Midterm Quiz

1) List the 10 founding theories of Economics : 1. Our world is one of scarcity2. Scarcity->Choice->Cost3. More is generally preferred to less4. Methodological Individualism5. People are generally rational and self-interested6. People respond predictably to incentives7. Tastes are subjective8. Decisions are made at the margin9. costs are not necessarily monetary10. Intentions are not results
2) What is Methodological Individualism? : The concept that all social order emerges from individual choices
3) The founding theory's say that people are generally rational and self-interested. What are the three qualifiers for humans being rational? In addition, what does it mean when it states people are self-interested? : Humans are rational in that we a) act purposefully b) people learn c) transitive preferences. We are self-interested in that we care more about loved ones (spouse, family,friends) than we do about strangers.
4) Give an example of a decision being made on the margin? : An example would be if someone gave you the option of a bottle of water or a diamond- you will likely choose the diamond BUT if someone gave you the option of all water in the world and all diamonds in the world- you will likely choose water.
5) What year did Adam Smith publish the first book on Economics? What was this book called? : Adam Smith wrote and published "An Inquiry into the Nature and Causes of the Wealth of Nations" in 1776.

Created on March 01, 2013 by
49 question(s)
Valentina Abrego
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EXAM

1) A popular model used to illustrate the concept of opportunity cost is : the production possibilities frontier
2) the money used to buy the tools and equipment needed for production is known as : financial capital
3) economist find models useful because : they reduce situation to its basic elements
4) what are the the 3 basic economic questions : WHAT to produce, FOR WHOM to produce, & HOW to produce
5) which of the following lists the four factors of production : land, labor, capital, entrepreneurs

Created on May 23, 2012 by
99 question(s)
Rachel Rogers
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Economics
Economic concepts
1) The "effective demand" for a good means : The total amount people buy during some period of time.
2) If one country's goods all cost less to produce (use fewer resources, including labor) than those of another country, then in the long run : No trade takes place between them.
3) In a very competitive market : Firms make no profit above normal returns, and they produce at the lowest possible cost
4) The "effective demand" for a good means : The total amount people buy during some period of time.
5) In a monopoly with only one producer in the industry : The firm can set whatever price and quantity it wants.

Created on November 16, 2011 by
6 question(s)
Michael Parkinson
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Financial aid

1) Statue of limitations on collections, Truth in Lending Act, Fair Debt Collection Practices Act, the right to refinance and adherence to state unsury laws are all protections that were removed from student loans. : True
2) The harshest collection methods are reserved for student loans Miss a few payments and you can be subject to: : Wage garnished without a court order
3) The General Revenue Corporation (GRC) is the nations largest debt collection agency of student loans. : False
4) After ___ days, a student loan from Sallie Mae goes in the default status. : 730

Created on May 30, 2011 by
4 question(s)
Jason
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