ECON 312 Week 1, Week 3 and Week 5 Quiz (Principles of Economics – DeVry) 2023 Business Finance
2023 ECON 312 Week 1 Quiz 1 Question TCO 6 Expansionary fiscal policy is so named because it 2 Question
ECON 312 Week 1 Quiz
1. Question: (TCO 6) Expansionary fiscal policy is so named because it
2. Question: (TCO 6) An economist who favors smaller government would recommend
3. Question: (TCO 6) The lag between the time and the need for fiscal action is recognized and the time the action is taken is referred to as the
4. Question: (TCO 5) The determinants of aggregate supply
5. Question: (TCO 6) Other things equal, a reduction in personal and business taxes can be…
6. Question: (TCO 6) The MPC can be defined as that fraction of a
7. Question: (TCO 6) The size of the MPC is assumed to be
8. Question: (TCO 5) Refer to the graph. Which of the following factors will shift AD1 to AD3?
9. Question: (TCO 6) The multiplier can be calculated as:
10. Question: (TCO 5) The American Recovery and Reinvestment Act of 2009
11. Question: (TCO 5) What effect would each of the following have on aggregate……? Explain.
12. Question: (TCO 6) Why do some economists believe that tax cuts are critical to help revive…?
ECON 312 Week 3 Quiz
1. Question: (TCO 3) Economic profits are calculated by subtracting
2. Question: (TCO 3) To economists, the main difference between the short run and the long…
3. Question: (TCO 3) Economists would describe the U.S. automobile industry as
4. Question: (TCO 3) A purely competitive seller is
5. Question: (TCO 3) Which of the following is correct?
6. Question: (TCO 3) Confronted with the same unit cost data, a monopolistic producer….
7. Question: (TCO 3) Monopolistic competition means
8. Question: (TCO 3) Product variety is likely to be greater in
9. Question: (TCO 3) Which of the following is the best example of oligopoly?
10. Question: (TCO 3) Concentration ratios measure the
11. Question: (TCO 3) What is the LAW OF DIMINISHING RETURNS, and why is this law…?
12. Question: (TCO 3) Identify the primary characteristics of monopolistic competition….
ECON 312 Week 5 Quiz
1. Question: (TCO 6) Expansionary fiscal policy is so named because it
2. Question: (TCO 6) An economist who favors smaller government would recommend
3. Question: (TCO 6) The lag between the time and the need for fiscal action is recognized and the time the action is taken is referred to as the
4. Question: (TCO 5) The determinants of aggregate supply
5. Question: (TCO 6) Other things equal, a reduction in personal and business taxes can be…
6. Question: (TCO 6) The MPC can be defined as that fraction of a
7. Question: (TCO 6) The size of the MPC is assumed to be
8. Question: (TCO 5) Refer to the graph. Which of the following factors will shift AD1 to AD3?
9. Question: (TCO 6) The multiplier can be calculated as:
10. Question: (TCO 5) The American Recovery and Reinvestment Act of 2009
11. Question: (TCO 5) What effect would each of the following have on aggregate……? Explain.
12. Question: (TCO 6) Why do some economists believe that tax cuts are critical to help revive…?
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