ASHFORD ECO 203 Week 1 Quiz (New)
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1. Question : If an individual’s income increases, then the demand for a normal good will

2. Question : An example of investment, as defined in economics, is

3. Question : All but which one of the following could shift the demand curve
4. Question : When a firm decides to replace some workers with robots in its production process, it is making a decision about one of the basic economic questions. Which one
5. Question : When price changes, one should expect a change in

6. Question : Demand relates the various amounts that consumers are willing to buy over a specified time period

7. Question : When the government redistributes income, it is answering a basic economic question. Which one
8. Question : Self-interested behavior and incentives are

9. Question : Which of the following would be described as capital by an economist
10. Question : When price changes, there is an opposite change in the
—————————————————————————————————ASHFORD ECO 203 Week 4 Quiz (New)
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1. Question : M1 includes all but which one of the following 2. Question : The transactions demand for money depends on
3. Question : Individuals accept dollars because
4. Question : The fact that money is legal tender increases its
5. Question : According to the M1 definition, the money supply consists of currency held by the public plus
6. Question : To keep the federal funds rate from rising above the target zone,…

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