Question 1

A theory is:

Accepted Answer

A) an assumption 
B) a validated hypothesis 
C) an 'if then' proposition 
D) a hypothesis 
A) an assumption 
B) a validated hypothesis 
C) an 'if then' proposition 
D) a hypothesis

Question 2

_________ is distinctive for much greater use of mathematics than the other social sciences, a development made possible by the development of a concept of utility

Accepted Answer

A) sociology 
B) political science 
C) economics 
D) anthropology 
A) sociology 
B) political science 
C) economics 
D) anthropology

Question 3

The subject matter of economics is the study of:

Accepted Answer

A) wealth 
B) welfare 
C) scarcity 
D) scarcity and choice 
A) wealth 
B) welfare 
C) scarcity 
D) scarcity and choice

Question 4

Average revenue is :

Accepted Answer

A) tr - tc 
B) tr / no. of units sold 
C) tc / tr 
D) mc / ar 
A) tr - tc 
B) tr / no. of units sold 
C) tc / tr 
D) mc / ar

Question 5

Prof. Robbin's definition of Economics is:

Accepted Answer

A) scarcity definition 
B) growth definition 
C) welath definition 
D) welfare definition 
A) scarcity definition 
B) growth definition 
C) welath definition 
D) welfare definition

A theory is:

_________ is distinctive for much greater use of mathematics than the other social sciences, a development made possible by the development of a concept of utility

The subject matter of economics is the study of:

Average revenue is :

Prof. Robbin's definition of Economics is:

Economics: Definitions, Methods, and Concepts

Economic Concepts and Principles in Business Operations

Production, Costs, and Demand Analysis

Demand Analysis and Utility Theory in Economics

Economics: Demand, Supply, and Market Equilibrium

Supply and Demand Elasticity

Filters

Exam 2: Economics and Social Science

A theory is:

_________ is distinctive for much greater use of mathematics than the other social sciences, a development made possible by the development of a concept of utility

The subject matter of economics is the study of:

Average revenue is :

Prof. Robbin's definition of Economics is:

Economics: Definitions, Methods, and Concepts

Economic Concepts and Principles in Business Operations

Production, Costs, and Demand Analysis

Demand Analysis and Utility Theory in Economics

Economics: Demand, Supply, and Market Equilibrium

Supply and Demand Elasticity

Filters