Ashford eco 203 week 1 quiz (new)

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1. Question : If an individual's income increases, then the demand for a normal good will

2. Question : economics, is

3. Question : demand curve?

An example of investment, as defined in

All but which one of the following could shift the


4. Question : When a firm decides to replace some workers with robots in its production process, it is making a decision about one of the basic economic questions. Which one?

5. in

Question :

When price changes, one should expect a change

6. Question : Demand relates the various amounts that consumers are willing to buy over a specified time period

7. Question : When the government redistributes income, it is answering a basic economic question. Which one?

8.

Question :

Self-interested behavior and incentives are

9. Question : Which of the following would be described as capital by an economist?

10. in the

Question :

When price changes, there is an opposite change



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