ECO 204 Week 1 Quiz

The interactions of producers and consumers in individual markets are part of the study of
Self-interested behavior and incentives are
Demand for a good will always rise when
In the simplified pure market economy described by the two-sector circular flow model, the participants are
All but which one of the following could shift the demand curve?
Along with the other social sciences, economics is concerned with
In economics, scarcity means that
Microeconomics might include the study of
If beans are inferior goods, a decrease in income will
Which of the following is true of scarcity?

ECO 204 Week 1 Quiz

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