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ECO 203 WEEK 1 QUIZ  329 QUIZZES

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

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