Bam 223- principles of economics unit 1-4 (100 mcqs)
BAM 223Principles of EconomicsUnit 1 ExaminationMultiple Choice Questions (Enter your answers on the enclosed answer sheet)1) The study of economics arises due toa. greed.b. scarcity.c. resources.d. money.2) Economists assume that individualsa. are rational and respond to incentives.b. prefer to live in a society that values fairness above all else.c. will never take actions to help others.d. behave in unpredictable ways.3) Your roommate, Serafina, a […]