week_1_3_quiz_questions.doc
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Ceteris paribus, as applied in demand theory, means (Points : 1)
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![image1.wmf]()
accounting for all possible simultaneous changes.
![image2.wmf]()
holding constant all factors that affect demand except one.
![image3.wmf]()
observing the real world.
![image4.wmf]()
holding technology and resource prices constant.
![image5.wmf]()
holding one input constant while changing the other input
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Which of the following would be described as capital by an economist? (Points : 1)
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![image6.wmf]()
Government bonds
![image7.wmf]()
Corporate bonds
![image8.wmf]()
Petroleum reserves owned by a corporation
![image9.wmf]()
Common stocks traded on a national exchange
![image10.wmf]()
The power lift in a service station
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If there is a need to increase the quantity and supply of oil, the most effective way to get it quickly is to (Points : 1)
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![image11.wmf]()
improve technology.
![image12.wmf]()
reduce the prices of the resources that produce oil.
![image13.wmf]()
increase the price of oil.
![image14.wmf]()
put a limit on the price of oil.
![image15.wmf]()
ban imports.
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