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ECON 1110 Ellis UNT Exam 1 Questions and Answers Rated A
- Exam (elaborations) • 12 pages • 2023
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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...
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CIC3017 - Sample Questions for Mid Term Preparation
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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...
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