ECO 203 WEEK 1 QUIZ  329 QUIZZES

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ECO 203 WEEK 1 QUIZ  329 QUIZZES

1. Question :       If an individual’s income increases, then the demand for a normal good will
2. Question :       An example of investment, as defined in economics, is
3. Question :       All but which one of the following could shift the demand curve?
4. Question :       When a firm decides to replace some workers with robots in its production process, it is making a decision about one of the basic economic questions. Which one?
5. Question :       When price changes, one should expect a change in
6. Question :       Demand relates the various amounts that consumers are willing to buy over a specified time period
7. Question :       When the government redistributes income, it is answering a basic economic question. Which one?
8. Question :       Self-interested behavior and incentives are
9. Question :       Which of the following would be described as capital by an economist?
10. Question :           When price changes, there is an opposite change in the