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Chapter 1 Quiz 2



This activity contains 10 questions.

Question 1.
Microeconomics is the study of

 
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Question 2.
Which of the following is an example of a tradeoff commonly faced by students?

 
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Question 3.
Which of the following represents a trade-off faced by every society?

 
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Question 4.
Hypotheses are

 
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Question 5.
The number of people covered by Oregon's medical plan has decreased by 90 percent. This statement is an example of

 
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Question 6.
What attributes did GM use to sell its Saturn line of cars?

 
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Question 7.
"The production costs are too high and should be controlled." This statement is an example of

 
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Question 8.
If the government decides to cut domestic spending in order to spend on rebuilding Iraq, this is an example of

 
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Question 9.
A garage sale is an example of a market because

 
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Question 10.
Taxes on food items will

 
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