ECON 1110 Ellis UNT Exam 1 Questions and Answers Rated A Last document update:   ago

ECON 1110 Ellis UNT Exam 1 Questions and Answers Rated A Macroeconomics Study of economy as a whole; national based Microeconomics Studies decisions of individuals, households, and firms; businesses Scarcity exists because there are not enough resources available to produce all the goods and services that people want and need Choice one alternative is selected over another Opportunity Cost the best alternative given up when we make a choice or a decision Factors of Production (Resources/Inp...

CIC3017 - Sample Questions for Mid Term Preparation Last document update:   ago

CIC3017 - Sample Questions for Mid Term Preparation 1) Financial markets and institutions A) involve the movement of huge quantities of money. B) affect the profits of businesses. C) affect the types of goods and services produced in an economy. D) do all of the above. E) do only A and B of the above. Answer: D Topic: Chapter 1.1 Why Study Financial Markets 2) Financial market activities affect A) personal wealth. B) spending decisions by individuals and business firms. C) the economy's locatio...