ECO 100 ECO100 WEEK 1 QUIZ ANSWERS (2020) - STRAYER
Strayer ECO 100 Week 1 Quiz Answers (2020)
1. In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of:
2. Which of the following are not typically considered macroeconomic topics?
3. Which of the following statements most likely lies within the realm of macroeconomics?
4. What is the basic difference between macroeconomics and microeconomics?
5. Which of the following is most likely a topic of discussion in macroeconomics?
6. Forgetting about the money that's irretrievably gone and instead focusing on the marginal costs and benefits of future options, is the lesson of which of the following?
7. Which of the following best describes the opportunity cost of an action?
8. Most real-world choices aren't about getting all of one thing or another; instead, most choices involve _________________, which includes comparing the benefits and costs of choosing a little more or a little less of a good.
9. Marginal thinking is best demonstrated by:
10. The law of ____________________________ explains why people and societies rarely make all-or-nothing choices.
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