01 Jun Question Assessment: Lesson 2 Quiz
Question
Assessment: Lesson 2 Quiz
Question 1 (6063065): _________ production involves the human resource called Labor.
Type: Multiple Choice
Points awarded: 1.00 / 1.00
Correct answer(s): Most
Some
All
None of the above
________________________________________
Question 2 (6063082): Thomas Malthus predicted that economic activity would evolve in cycles of ___________________ .
Type: Multiple Choice
Points awarded: 1.00 / 1.00
Correct answer(s): inflation and deflation
misery and catastrophe
global warming and ice ages
natural sunspots
________________________________________
Question 3 (6063109):
What is the opportunity cost of moving from B back to A ?
Type: Multiple Choice
Points awarded: 1.00 / 1.00
Correct answer(s): 2 units of clothing
4 units of clothing
9 computers
6 computers
________________________________________
Question 4 (6063107):
What is the benefit of moving from B to C ?
Type: Multiple Choice
Correct answer(s): 3 units of clothing
9 units of clothing
2 computers
4 computers
________________________________________
Question 5 (6063070): The ability of people to conceive an idea (innovate), bring together resources, and take the risk when starting a business are all part of ________________ .
Type: Multiple Choice
Points awarded: 1.00 / 1.00
Correct answer(s): Consumption
Investment
Entrepreneurship
None of the above
________________________________________
Question 6 (6063077): In the Wealth of Nations, the distribution of income and wealth was explained by the concept of ______________________.
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