01 Jun Question Question 1 (6062899): Ecological balance is the goal that assumes _______________ can achieve balanced economic conditions while maintaining a sustainable, living, planet
Question
Question 1 (6062899): Ecological balance is the goal that assumes _______________ can achieve balanced economic conditions while maintaining a sustainable, living, planet.
Type: Multiple Choice
Points awarded: 1.00 / 1.00
Correct answer(s): only the local community
the national economy
the global economy
only certain countries
________________________________________
Question 2 (6062880): The “marginal utility” of choosing to go to a particular concert is the ____________ benefit (satisfaction or pleasure) that is gained.
Type: Multiple Choice
Points awarded: 1.00 / 1.00
Correct answer(s): total
additional
none of the above
all of the above
________________________________________
Question 3 (6062891): The amount of goods and services produced is measured by ____________ .
Type: Multiple Choice
Points awarded: 1.00 / 1.00
Correct answer(s): Instant Gratification Index (IGI)
Gross Domestic Product (GDP)
Adrenaline Maximization Product (AMP)
Endorphin Utility Index (EUI)
________________________________________
Question 4 (6062896): Stability is the goal of economics seeking to allocate resources so that an economy does not experience __________________ .
Type: Multiple Choice
Points awarded: 1.00 / 1.00
Correct answer(s): too much endorphin
too little adrenaline
the wrong amount of oxytocin
high inflation
________________________________________
Question 5 (6062904): A _________________ taken on by all people in each sector of the economy results in fairness of opportunity (equity) for all people.
Type: Multiple Choice
Points awarded: 1.00 / 1.00
Correct answer(s): big dose of oxytocin
big dose of adrenaline
balance of responsibilities
none of the above
________________________________________
Question 6 (6062868): Economists are social scientists who seek to __________ the allocation of scarce resources with a goal of bringing at least “basic satisfaction” to all members of a society.
Type: Multiple Choice
Points awarded: 1.00 / 1.00
Correct answer(s): optimize , that is “balance”
minimize, that is “hoard them for later”
sanitize, that is, “make them pollution free”
nationalize, that is “put them under government control”
________________________________________
Question 7 (6062865): “Allocation” is concerned with how we choose to use our scarce resources on ___________________.
Type: Multiple Choice
Points awarded: 1.00 / 1.00
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