QCM QCM Quiz Unit One - Introduction to Economics by MidnightHorror MidnightHorror 799 played - 12 yrs ago A quiz for economics QCM 7 QUESTIONS hard Economy QCM : Each question may have multiple correct answers 1 What is the basic problem that economics addresses? Greedy peopleScarcityToo many people to produce forNot enough money 2 Choose all of the natural resources from the list below. AirSoilGasolineWater 3 Which of the following is an example of a good? HaircutMovie in a movie theaterPaperDrumming lesson 4 What is an opportunity cost? The best alternative to doing somethingThe amount of money it costs to go somewhereThe amount of time it takes to do somethingNone of the above 5 According to the picture, which of the points represents an inefficient way to produce wine and cotton? AYBX 6 Refering to the picture in question five, what point or points represent an impossible production level? CYXA 7 Using question five's picture, what point (or points) is (are) the most efficient? AYBC A mistake in this Quiz ? Contact the author Commentaires
