Possible short answer questions.
1. Write a paragraph explaining how one thinks like an economist.
2. Explain what it means for individuals to maximize their utility. Cites some examples of the benefits of this process at work.
3. Why do college costs keep going up?
4. What comparative advantage does the United States presently have in the global economy? What is likely to occur if our country loses this advantage?
5. Cite some examples of the complexity of firms trying to maximize their profits.
Posted on September 17th, 2009 by cjanus
Filed under: Quiz Keys