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HIST 151 - 3wk

Authored by Pat Beck

Social Studies

University

Used 244+ times

HIST 151 - 3wk
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21 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 5 pts

In the Keynesian equation: ___ = C + I + G + NX

2.

FILL IN THE BLANK QUESTION

1 min • 5 pts

A ______ is a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services and can be physical or digital

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is a term in economics that states that people know what they like and can rank different things.

Utility

Completeness

Non-satiation

Transitivity

None of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is a term in economics that states that preferences extend to other items. If I like A>B and B>C then you can guess that I would like A>C

Utility

Completeness

Non-satiation

Transitivity

None of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is a term in economics that states that more is always better than less

Utility

Completeness

Non-satiation

Transitivity

None of these

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is under-supplied by a free market?

Private Goods

Club Goods

Public Goods

Common Resources

All of these

7.

FILL IN THE BLANK QUESTION

1 min • 5 pts

A market _______ is the economic situation defined by an inefficient distribution of goods and services in the free market. Examples of this are externalities and information asymmetries.

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