Economics

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Author:
kdianem81
ID:
120126
Filename:
Economics
Updated:
2011-12-01 19:49:33
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Economics 311
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Description:
Econ Final
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  1. Economics is about th relationship between
    A. Time and money
    B. resources and money
    C. resouces and goals
    D. time and resources
    C. resources and goals
    (this multiple choice question has been scrambled)
  2. According to Charkins, what is the most important resource your students are likely to make choices about?
    A. Land
    B. Physical capital
    C. Human capital
    D. Entrepreneurship
    C. Human capital
    (this multiple choice question has been scrambled)
  3. Human capital includes
    a. skills
    b. knowledge
    c. experience and personal qualities
    d. all of the above
    D. All of the above
  4. The purpose of school is to:
    A. pass a bunch of tests
    B. develop human capital
    C. gaduate
    D. party
    B. develop human capital
    (this multiple choice question has been scrambled)
  5. Which of the following is a resource?
    A. human capital
    B. mony
    C. time
    d. all of the above are resources
    A. human captal
    (this multiple choice question has been scrambled)
  6. Economic reasoning can be used to:
    A. become wealthy
    B. address basic social issues
    C. destroy the world
    d. any of the above
    B. address basic social issues
    (this multiple choice question has been scrambled)
  7. In A Day's work, the thing that impressed Ben about Abuelo was his:
    A. skills
    B. personal qualities
    C. experience
    d. all of the above
    B. personal qualities
    (this multiple choice question has been scrambled)
  8. The skills hat George H Bush designated as necessary for success in the 21st century global labor market are called:
    A. AVID
    B. SKILS
    C. WINS
    D. SCANS
    D. SCANS
    (this multiple choice question has been scrambled)
  9. The principle of exchange says that people will hire you if they expect to:
    A. gain
    B. gain more than they give
    C. give
    D. give more than they gain
    B. gain more than they give
    (this multiple choice question has been scrambled)
  10. Which of the following had a job that was not respected by his/her father?
    A. Marisol
    B. Peppe
    C. Minnie McGranahan
    D. Francisco
    B. Peppe
    (this multiple choice question has been scrambled)
  11. Which of the following was used in class to teach the concept of alternatives?
    A. Peppe, the Lamplighter
    B. Speak English for us Marisol
    C. A Day's Work
    D. Getting Through Thursday
    D. Getting Through Thursday
    (this multiple choice question has been scrambled)
  12. Which of the following learned to read with help from the library lady?
    A. Tomas
    B. Francisco
    C. Frank
    D. Peppe
    A. Tomas
    (this multiple choice question has been scrambled)
  13. At the time that Helga came back with her dowry and chose to remain unmarried, the opportunity cost of that choice was:
    a. Plain Inga
    b. the dowry
    c. The king
    d. Handsome Lars
    D Handsome Lars
  14. According to the California History/Social Science Standards, at what grade should students begin learning cost/benefit analysis?
    A. 8th grade
    B. 5th grade
    C. 2nd grade
    D. Kindergarten
    D. Kindergarten
    (this multiple choice question has been scrambled)
  15. Which of the followig is the alternative option selected?
    A. choice
    B. alternative
    C. opportunity cost
    D. decision
    A. Choice
    (this multiple choice question has been scrambled)
  16. In a decisin with four alternatives, how many opportunity costs is/are there?
    A. three
    B. two
    C. one
    D. four
    C. one
    (this multiple choice question has been scrambled)
  17. In a decision with four alternatives, how many choices are there?
    A. four
    B. one
    C. two
    D. three
    B. One
    (this multiple choice question has been scrambled)
  18. Which of the followig is the best alternative not selected, the opportunity given up in making a decision?
    A. decision
    B. choice
    C. opportunity cost
    D. alternative
    C. opportunity cost
    (this multiple choice question has been scrambled)
  19. Which of the following is a bad point about an alternative?
    A. decision
    B. alternative
    C. disadvantage
    D. cost
    C. Disadvantage
    (this multiple choice question has been scrambled)
  20. Terry is deciding which car to buy: a 2004 Dodge, a 2007 Chevy, or a 2008 Toyota. She selects the Dodge. Which of the following is a correct statement?
    A. Once she decides, she will hae two choices
    B. Terry has three choices
    C. Once she decides she will have two opportunity costs
    D. Terry has three alternatives
    D. Terry has three alternatives
    (this multiple choice question has been scrambled)
  21. Greg decided between hiring Carlos or Maggie. He decided to hire Carlos who was always late and rude to customers. Which of the following is a correct statement?
    A. the cost o the choice was Maggie
    B. Maggie's cost was Carlos
    C. Greg's choices were Carlos and Maggie
    D. The cost of the choice was Carls lck of promptness and rudeness
    D. The cost of the choice was Maggie
    (this multiple choice question has been scrambled)
  22. Which of the following words is not allowed to ever be spoken in Econ 311
    A. want
    B. finance
    C. money
    D. free
    D. Free
    (this multiple choice question has been scrambled)
  23. For the ladies wo made Anna's Rag Coat, the opportunity cost of choosing to use the rags for the coat is:
    A. relaxing
    B. a quilt
    C. we don't know
    D. doing housework
    B. A quilt
    (this multiple choice question has been scrambled)
  24. In The Rag Coat, Minnie was proud of her coat because it:
    A. told stories about her classmates
    B. was sent to her by her aunt in New York
    C. fit her perfectly
    D. was made by famous coat makers in San Francisco
    A. told stories about her classmates
    (this multiple choice question has been scrambled)
  25. The purpose of benefit/cost analyis is to:
    a. get the best and the most from scarce resources
    b. maximize wealth
    c. achieve goals
    d. all of the above
    D. All of the above
  26. Which of the following statements, emphasized in class, most clearly states the message of benefit/cost analysis?
    A. there is no such choice as a free choice
    B. there is no such fish as a free fish
    C. there is no such thing as a free lunch
    D. there is no such cheese as a free cheese
    C. There is no such thing as a free lunch
    (this multiple choice question has been scrambled)
  27. Which of the following was explained in lass as bein ost important for developing an empire
    A. natural resources
    B. access to a water route
    C. large army
    D. gold
    B. Access to a water route
    (this multiple choice question has been scrambled)
  28. In the ancient world, whicho of the following products would you most likely trasport by land?
    A. grain
    B. salt
    C. lumber
    D. diamonds
    A. Grain
    (this multiple choice question has been scrambled)
  29. Ancient Sumer lies in what modern nation's territory?
    A. Egypt
    B. Iran
    C. Turkey
    D. Iraq
    D. Iraq
    (this multiple choice question has been scrambled)
  30. How did Athens support its navy?
    A. gold
    B. olive oil
    C. grain
    D. Silver
    D. Silver
    (this multiple choice question has been scrambled)
  31. From which ancient civilization did the cedars come that were used in Solomon's temple?
    A. Mycenae
    B. Phoenicia
    C. Egypt
    D. Troy
    B. Phoenicia
    (this multiple choice question has been scrambled)
  32. The Romans were most interested in Egypt for:
    A. wheat
    B. papyrus
    C. silver
    D. gold
    A. Wheat
    (this multiple choice question has been scrambled)
  33. Which of the following is te westernmost sea?
    A. adriatic sea
    B. tyrrhenian sea
    C. aegean sea
    D. black sea
    B. Tyrrhenian Sea
    (this multiple choice question has been scrambled)
  34. If you were travelling from China towards the West on the Silk Road, in what order would you reach the modern countries listed below?
    A. Afghanistan, India, Iran, Iraq, Pakistan
    B. Pakistan, Afghanistan, India, Iran, Iraq
    C. India, Pakistan, Afghanistan, Iran, Iraq
    D. Afghanistan, India, Iran, Pakistan, Iraq
    C. India, Pakistan, Afghanistan, Iran, Iraq
    (this multiple choice question has been scrambled)
  35. By the 9th century, what group controlled the land and sea routes between Europe and Asia?
    A. byzantines
    B. egyptians
    C. muslims
    D. sumerians
    C. Muslims
    (this multiple choice question has been scrambled)
  36. Which of the following was a major center of culture, art, science, mathematics and philosophy from 711-1492?
    A. rome
    B. the mongol empire
    C. germany
    D. granada
    D. Granada
    (this multiple choice question has been scrambled)
  37. Which of the following measures the relationship between supply and demand for one product compared to the relationship of supply and demand for all other products?
    A. relative scarcity
    B. absolute scarcity
    C. full cost scarcity
    D. defined scarcity
    A. Relative scarcity
    (this multiple choice question has been scrambled)
  38. Which of the following can change the relative scarcity of a product?
    A. legislation
    B. supply and demand
    C. personal greed
    D. corporate geed
    B. Supply and demand
    (this multiple choice question has been scrambled)
  39. A decrease in supply does what to price and quantity exchanged?
    A. price goes down, quantity goes down
    B. price goes down, quantity goes up
    C. price goes up, quantity goes up
    D. price goes up, quantity goes down
    D. Price goes up, quantity goes down
    (this multiple choice question has been scrambled)
  40. If U.S. housing prices are falling, which of the following could cause this?
    A. an increase in demand
    B. a decrease in demand
    C. either b or c
    D. a decrease in supply
    B. A decrease in demand
    (this multiple choice question has been scrambled)
  41. Which of the followig describes the results of the European plague of the 13th century on the European market for workers?
    A. wages increased; quantity increased
    B. wages increased; quantity decreased
    C. wages decreased; quantity increased
    D. wages decreased; quantity decreased
    B. Wages increased; quantity decreased
    (this multiple choice question has been scrambled)
  42. What was the impact of Vasco da Gama's successful voyage to India onthe European spice arketof the sixteenth century?
    A. prices decreased; quantity decreased
    B. prices increased; quantity decreased
    C. prices increased; quantity increased
    D. prices decreased; quantity increased
    D. prices decreased; quantity increased
    (this multiple choice question has been scrambled)
  43. What happened to the market for placers (pans used t pan for gold) in Sacramento in 1850 when many miners "rushed" to the area to discover gold?
    A. prices increased; quantity increased
    B. prices increased; quantity decreased
    C. prices decreased; quantity increased
    D. prices decreased; quantity decreased
    A. Prices increased; quantity increased
    (this multiple choice question has been scrambled)
  44. What would happen in the market for California fruits and vegetables if Mexican farm workers stopped coming into California?
    A. demand would increase, prices would fall
    B. supply would increase, prices would fall
    C. supply would decrease, prices would rise
    D. demand woud decrease, prices would rise
    C. supply would decrease, prices would rise
    (this multiple choice question has been scrambled)
  45. I was the admiral of the fleet that sailed with over 200 ships in the late 15th and early 16th centuries
    A. Vasco da Gama
    B. marco polo
    C. prestor john
    D. Xeng He
    D. Xeng He
    (this multiple choice question has been scrambled)
  46. I am the gateway between East and West. When Mehmet the Conqueror conquered me, he closed the "gateway" for spices to reach the West
    A. Ceuta
    B. Alexandria
    C. Alhambra
    D. Byzantium
    D. Byzantium
    (this multiple choice question has been scrambled)
  47. I am the Cape that was a stumbling block for Europeans attempting to sail down the west coast of Africa
    A. cape bojador
    B. cape cod
    C. cape of good hope
    D. cape horn
    A. Cape Bojador
    (this multiple choice question has been scrambled)
  48. I am the person that encouraged Prince Henry the Navigator to invade North Africa
    A. Isabella
    B. Phillipa
    C. Gil Eannes
    D. Magellan
    B. Phillipa
    (this multiple choice question has been scrambled)
  49. I found the great spice market in India
    A. Vasco da Gama
    B. Magellan
    C. Gil Eannes
    D. Henry the Navigator
    A. Vasco da Gama
    (this multiple choice question has been scrambled)
  50. I am the Cape at the souhern tip of Africa
    A. Cape Horn
    B. Cape of Good Hope
    C. Cape Bojador
    D. Cape Cod
    B. Cape of Good Hope
    (this multiple choice question has been scrambled)
  51. I was the last Muslim stronghold in Europe, conquered by Spanish monarchs in 1492.
    A. Byzantium
    B. Alexandria
    C. Granada
    D. Cairo
    C. Granada
    (this multiple choice question has been scrambled)
  52. I am the Venetian who sailed for Spain traveling west to reach the East. I failed.
    A. Columbus
    B. Da Gama
    C. Xeng He
    D. Magellan
    A. Columbus
    (this multiple choice question has been scrambled)
  53. My surviving crew members were the first to circumnavigate the globe. I was kiled in the Philippines.
    A. Vasco da Gama
    B. Gil Eannes
    C. Magellan
    D. Henry the Navigator
    C. Magellan
    (this multiple choice question has been scrambled)
  54. I'm an ocean that separates Europe from America
    A. Arctic
    B. Atlantic
    C. Indian
    D. Pacific
    B. Atlantic
    (this multiple choice question has been scrambled)
  55. I am the country that controlled the European Spice Trade after 1502
    A. Spain
    B. Netherlands
    C. England
    D. Portugal
    D. Portugal
    (this multiple choice question has been scrambled)
  56. With the closing of land routes between East and West, what happened to the market for spices in Europe in the mid fifteenth century?
    A. supply decreased, prices rose
    B. supply increased, prices rose
    C. demand decreased, prices fell
    D. demand increased, prices fell
    A. supply decreased, prices rose
    (this multiple choice question has been scrambled)
  57. What was the result on te market for spices in Europe, when it was discovered that nutmeg prevented the plague?
    A. supply decreased, prices rose
    B. demand increased, prices rose
    C. demand decreased, price fell
    D. supply increased, prices fell
    B. Demand increased, prices rose
    (this multiple choice question has been scrambled)
  58. Which of the following is a transaction cost?
    A. spending an afternoon with your aunt intead of your friend
    B. giving up $5 for a hamburger instead of a hot dog
    C. going to school instead of skiing
    D. looking on the internet for an IPOD
    D. looking on the internet for an IPOD
    (this multiple choice question has been scrambled)
  59. Which of the following statement is true?
    a. all opportunity costs are transactions costs
    b. all transactions costs are search costs
    c. all costs are opportunity costs
    d. al opportunity costs are search costs
    all costs are opportunity costs
  60. The major purpose of money is to:
    A. make people wealthy
    B. facilitate exchange by reducing transactions costs
    C. facilitate exchange by making peope confident in the transactions
    D. provide an incentive to the buyer
    B. facilitate exchange by reducing transactions costs
    (this multiple choice question has been scrambled)
  61. The major cause of deflation is:
    A. people wanting to buy too few goods and services
    B. too much money in relation to the quantity of goods and services
    C. too little money in relation to the quantity of goods and services
    D. people wanting to buy too many goods and services
    C. too little money in relation to the quantity of goods and services
    (this multiple choice question has been scrambled)
  62. Which of the following groups is most hurt by unanticipated inflation?
    A. lenders
    B. American tourists in Europe
    C. borrowers
    D. homeowners with motgages
    A. lenders
    (this multiple choice question has been scrambled)
  63. The Weimar Republic's hyperinflation was caused by:
    A. Too much money in circulation
    B. The treaty of Versailles which ended WWI
    C. too little money in circulation
    D. Hitler's prverse monetary policies
    A. Too much money in circulation
    (this multiple choice question has been scrambled)
  64. The current hyperinflation in Zimbabwe is caused by:
    A. the corrupt nature of the Zimbabwean government
    B. the endangered natur of the Zimbabwean elephant
    C. too little money in circulation
    D. too much money in circulation
    D. too much money in circulation
    (this multiple choice question has been scrambled)
  65. Which of the following was once the official currency of the Massachusetts Bay Colony?
    A. the livre
    B. the peseta
    C. wampum
    D. cowrie shells
    C. Wampum
    (this multiple choice question has been scrambled)
  66. Which of the following is the "softest" money?
    A. gold
    B. diamonds
    C. silver
    D. paper
    D. paper
    (this multiple choice question has been scrambled)
  67. In the Wizard of Oz, which of the major characters is thought to represent farmers?
    A. the scarecrow
    B. the cowardly lion
    C. dorothy
    D. the tin man
    A. the scarecrow
    (this multiple choice question has been scrambled)
  68. Which of the following wars united the British and Americans?
    A. French and Indian War
    B. French Revolution
    C. American Revolution
    D. King William's War
    A. French and Indian War
    (this multiple choice question has been scrambled)
  69. Which of the following most upset the rum producers of New England?
    A. Stamp Act of 1765
    B. Sugar Act of 1764
    C. Currency Act of 1764
    D. Proclamation of 1763
    B. Sugar Act of 1764
    (this multiple choice question has been scrambled)
  70. Which of the following most upset the colonial professional class?
    A. Proclamation of 1763
    B. Currency Act of 1764
    C. Stamp Act of 1765
    D. Lawyers Act of 1764
    C. Stamp Act of 1765
    (this multiple choice question has been scrambled)
  71. Which of the following increased the transaction costs of exchange?
    a. Proclamation of 1763
    b. Coercive Act of 1764
    c. Currency Act of 1764
    d. Stamp Act of 1765
    C Currency Act of 1764
  72. Where did most of the colonist live?
    A. in the mountains
    B. in the western part of the colonies
    C. along the Mississippi
    D. close to the Atlantic
    D. close to the Atlantic
    (this multiple choice question has been scrambled)
  73. Which of the following immediately followed the repeal of the Stamp Act?
    A. Currency Act of 1774
    B. Coercive Acts of 1774
    C. Declaratory Act of 1766
    D. Tea Act of 1773
    C. Declaratory Act of 1766
    (this multiple choice question has been scrambled)
  74. Which of the following established a monopoly for the British East India Company in the Colonies and drove many American colonists out of business?
    A. Coercive Acts of 1774
    B. Tea Act of 1773
    C. Currency Act of 1774
    D. Declaratory Act of 1766
    B. Tea Act of 1773
    (this multiple choice question has been scrambled)
  75. Which of the following increased the transactions costs of exchange?
    A. Coercive Acts of 1774
    B. Tea Act of 1773
    C. Declaratory Ac of 1766
    D. Currency Act of 1774
    D. Currency Act of 1774
    (this multiple choice question has been scrambled)
  76. Which of the following repealed the charter of the Massachusetts Bay Colony?
    A. Tea Act of 1773
    B. Quebec Act of 1774
    C. Coercive Acts of 1774
    D. Boston Port Act of 1772
    C. Coercive Acts of 1774
    (this multiple choice question has been scrambled)
  77. Which of the following took disputed land away from the New England colonies?
    A. Declaratory Act of 1766
    B. Quebec Act of 1774
    C. Tea Act of 1773
    D. Coercive Acts of 1774
    B. Quebec Act of 1774
    (this multiple choice question has been scrambled)
  78. Who did a representation (sketch, painting) of the Boston Massacre that omitted Crispus Attucks?
    A. Sam Adams
    B. John Adams
    C. Paul Revere
    D. Thomas Hutchinson
    C. Paul Revere
    (this multiple choice question has been scrambled)
  79. Who was the American born Governor of Massachusetts who ordered the captains of the tea ships to unload their cargo?
    A. John Adams
    B. Paul Revere
    C. Sam Adams
    D. Thomas Hutchinson
    D. Thomas Hutchinson
    (this multiple choice question has been scrambled)
  80. Who defended Thomas Prescott in a Boston trial?
    A. Paul Revere
    B. Sam Adams
    C. Thomas Hutchinson
    D. John Adams
    D. John Adams
    (this multiple choice question has been scrambled)
  81. Who led the Sons of Liberty in Boston and was completely against any compromise with the King or Parliament?
    A. Thomas Hutchinson
    B. John Adams
    C. Thomas Gage
    D. Sam Adams
    D. Sam Adams
    (this multiple choice question has been scrambled)
  82. Which religious group recognized the English monarch as head of the English Church?
    A. Anglicans
    B. Catholics
    C. Huguenots
    D. Puritans
    A. Anglicans
    (this multiple choice question has been scrambled)
  83. Which religous group did not believe in popes, bishops, or kings as head of the English church?
    A. Anglicans
    B. Catholics
    C. Puritans
    D. Huguenots
    C. Puritans
    (this multiple choice question has been scrambled)
  84. Which religious group recognized the pope as head of the English church?
    A. Anglicans
    B. Huguenots
    C. Puritans
    D. Catholics
    D. Catholics
    (this multiple choice question has been scrambled)
  85. Who was the new military governor of Massachusetts after the Boston Tea Party?
    A. John Adams
    B. Sam Adams
    C. Thomas Gage
    D. Thomas Hutchinson
    C. Thomas Gage
    (this multiple choice question has been scrambled)
  86. Which of the following contributed to the resolve of some American colonists to seek independence from Great Britain?
    a. British legislation was threatening their livelihood
    b. they felt that they were bein denied their rights as British citizens
    c. They felt that their religous freedom was threatened
    d. all of the above
    D. all of the above
  87. On the eve of revolution, approximately what percent of American colonists favored fighting for indpendence from Great Britain?
    A. 25%
    B. 60%
    C. 80%
    D. 40%
    D. 40%
    (this multiple choice question has been scrambled)
  88. In the civil rights movements of the 1960's, Martin Luther King and others decided between violence and nonviolence. These two options (violence and nonviolence) are:
    A. costs
    B. alternatives
    C. advantages
    D. disadvantages
    B. Alternatives
    (this multiple choice question has been scrambled)
  89. After the Irish potato famine, some chose to leave Ireland for the U.S., Canada, or other destinations. What they left behind would be considered the:
    A. disadvantage of the choice
    B. resources of the choice
    C. advantage of th choice
    D. cost of th choice
    D. Cost of the choice
    (this multiple choice question has been scrambled)
  90. In general economists view the human experience as a series of:
    A. decisions
    B. places
    C. dates
    D. events
    A. Decisions
    (this multiple choice question has been scrambled)

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