Crash Course Economics Quiz make up

According to Alfred Marsh, what is economics a study of?

• The stock market

• Men and women

• Theories and graphs

• Money and wealth

What is the opportunity cost of watching this video?

• Watching videos of Charlie biting fingers

• Watching videos of skaters falling

• Watching videos of kittens

• All of the above

What is the main focus of macroeconomics?

• Fighting climate change

• Predicting GDP

• Measuring unemployment

• Maximizing profit

What is the role of politics in economics?

• Guiding public policy using economic theory

• Pushing a liberal anti-military policy

• Pushing a conservative pro-business policy

• Solving all of our problems

What is the main assumption in economics according to Mr. Clifford?

• Infinite amount of weapons and consumer goods

• Unlimited resources

• Predicting the overall economy

• Everything has a cost

What is the incentive for universities to focus on student completion?

• Increase in graduation rates

• Increase in student enrollment

• Increase in state funding

• Increase in marketing budgets

What is the opportunity cost of military spending according to Dwight D. Eisenhower?

• The resources not being used for social services

• The resources not being used for consumer goods

• The resources not being used for healthcare

• The resources not being used for education

What is the main focus of microeconomics?

• Predicting GDP

• Maximizing profit

• Fighting climate change

• Measuring unemployment

What is the main goal of learning economics according to Adriene?

• To predict the stock market

• To increase GDP

• To become wealthy

• To make informed decisions

The Opportunity Cost can best be described as

• How much money your product can be sold for

• The money you must pay to the government to produce goods

• The value lost of the next best alternative choice you could have made

• The money lost by purchasing something instead of making it yourself