Exam (elaborations)
Notgrass Exploring Economics Units 1-5 Questions and Answers (100% Pass)
- Course
- Institution
Notgrass Exploring Economics Units 1-5 Questions and Answers (100% Pass)
[Show more]
Content preview
©PREP4EXAMS@2024 [REAL EXAM DUMPS] Monday, July 22, 2024 1:06 PMNotgrass Exploring Economics Units 1-5
Questions and Answers (100% Pass)
The Greek word form which we get the word economics is: - ✔️✔️oikonomos
Microeconomics is: - ✔️✔️the examination of how individual households and companies make
decisions and how buyers and sellers interact in the market
A market economy: - ✔️✔️people participating in the market of buying/selling goods and services
make decisions (who gets what for what price)
A command economy: - ✔️✔️government officials make decisions about who gets what for what
price in the market place
Besides the kingdom of God, what subject did Jesus talk about the most? - ✔️✔️money
To what did Paul compare greed in Colossians 3:5? - ✔️✔️idolatry
Under the Articles of Confederation, the United States - ✔️✔️had no national currency.
The Constitution gave Congress the power to: - ✔️✔️Regulate interstate commerce
Capitalism and socialism differ in terms of: - ✔️✔️who makes decisions
Public choice theory emphasizes the role in decision-making that is played by: - ✔️✔️self-interest
marginal benefit - ✔️✔️the change in total benefit that results from an action
margin - ✔️✔️a small step that makes a big difference in an action taken (lots of crumbs make a
cake!)
1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller OliviaWest. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81298 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now