Economics > EXAM > APUS ECON 201 WEEK 1 -with 100% verified answers-2022-2023 (All)

APUS ECON 201 WEEK 1 -with 100% verified answers-2022-2023

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Quiz Submissions - Week 1 Quiz (Chapters 1 & 2) Attempt Score: 150 / 150 - 100 % Overall Grade (highest attempt): 150 / 150 - 100 % Question 1 - 10 / 10 points The branch of economics that... examines the impact of choices on aggregates in the economy is: positive economics. normative economics. microeconomics. Question 2 - 10 / 10 points When we are forced to make choices we are facing the concept of: ceteris paribus. free goods. the margin. Question 3 - 10 / 10 points An economic system is the set of rules that define and _ . resources; prices who gets to vote; when elections will be held market prices; factors of production Question 4 - 10 / 10 points In a market capitalist economy: factors of production are owned by the government but decisions about their use are made privately. private ownership exists but decisions about resource allocation are usually made centrally by the government. there is no role for the government. CONTINUED...... [Show More]

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