Sophia microeconomics - Study guides, Class notes & Summaries

Sophia: Microeconomics - Final Milestone Exam Review Questions with Correct Solutions .

Sophia Microeconomics Unit 1 Milestone 1Which of the following combinations contains both an intermediate good and a final good? • Architect and new building • Peanut butter and jelly • Steak and chicken • Tires and bicycles CONCEPT Factor Markets 2 What is the study of the behavior of consumers and businesses holistically across an economy? • Civics • Microeconomics • Social science • Macroeconomics CONCEPT What is Economics? 3 When Isabel...

SOPHIA Microeconomics Graded Milestone Unit 2 - All SOPHIA Microeconomics Unit 2 MILESTONE Unit 2 You passed this Milestone 20 questions were answered correctly. 1 What does point D on this graph represent? • An optimal choice • An impossible choice given the income • A choice that would result in income left over • A choice on the budget constraint CONCEPT Optimal Choice

Sophia (Macroeconomics) - Unit 1 Challenge 1 & 2 Microeconomics involves decisions made by __________. - answerfirms and households Studying macroeconomics helps us learn about the value and limitations of __________, which occurs across nations, typically involving foreign exchange transactions. - answerglobal trade In the Circular Flow model, governments __________ - answerproduce some final goods and services Which statement below is NOT true about GDP? - answerIt includes value fro...

Microeconomics Final milestone Exam.Complete solution.You passed this Milestone 24 questions were answered correctly. 1 question was answered incorrectly. 1 What is the study of the behavior of consumers and businesses holistically across an economy?  Social science  Microeconomics  Macroeconomics  Civics CONCEPT What is Economics? 2 Which indicators show change at the same time as the economy and thus give a sense of where the economy is in relation to the busines...

Microeconomics Unit 1 Sophia Exam Questions With Correct Answers Which of the following examples is something economists study? - CORRECT ANSWER What factors affect gasoline prices over time. Which of the following is the best example of the core principle of economics which states that "People Make Choices"? - CORRECT ANSWER You know that staying up late on a weekday makes you tired the next day, but you stay up anyway. According to the definition of an...

Which of the following combinations contains both an intermediate good and a final good? • Architect and new building • Peanut butter and jelly • Steak and chicken • Tires and bicycles CONCEPT Factor Markets 2 What is the study of the behavior of consumers and businesses holistically across an economy? • Civics • Microeconomics • Social science • Macroeconomics CONCEPT What is Economics? 3 When Isabella and Sam chose to put up an affordable...