Microeconomics Quiz 1 Answers

Let your scholars test their economics skills with this 55-question quiz! They respond to fill-in-the-blank and multiple-choice questions pertaining to the study of microeconomics and macroeconomics. phenomena of the senses, characterized by constant change. Penpacific. Intermediate Microeconomics Quiz 1 - Free download as Word Doc (. Microeconomics quiz 1 quizlet keyword after analyzing the system lists the list of keywords related and the list of websites with related content, in addition you can see which keywords most interested customers on the this website. You should devote substantial time to working the problems. 1 Markets - notes. Monday March 23. There are many possible answers. Tic Tac Toe ; Flash cards - microeconomics ; Quizzes ; Crosswords & wordsearches ; Section 2. Here is a Quizlet on contextual examples on Year 2 microeconomics. ” Description A country’s. Studying ECON1101 Microeconomics 1 at University of New South Wales? On StuDocu you find all the study guides, past exams and lecture notes for this course. a Questions for Review 1. Get homework answers from experts in Microeconomics. Multiple Choice Questions for Microeconomics (ECN 2103) Multiple Choice Questions Part 1: Introduction (20 May) Multiple Choice Questions Part 2: PPF (23 May) Multiple Choice Questions Part 3: Gains from trade (24 May) Multiple Choice Questions Part 4: Demand and Supply (31 May) Multiple Choice Questions Part 5: Elasticity (11 June). Play this quiz called Microeconomics Graphs and show off your skills. Economics Quiz 3 Microeconomics. Submit your question, choose a relevant category and get a detailed answer for free. Choice (E) is correct because if the supply of lawyers. 1) If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, other things being equal, the elasticity of demand for movie tickets is about: B. exists because resources are limited while human wants are unlimited. AP Microeconomics quiz. I will do it as surprise for you :) Don't forget to study well before enter my class. Take one of our many AP Physics 1 practice tests for a run-through of commonly asked questions. In questions where it is appropriate, show your work, if you want partial credit for an incorrect answer. ECON 203 Principles of Microeconomics Quiz 3 Answers (2018) 1. Multiple Choice (15 questions - 4 points apiece) Select the best answer to each of the following questions. Instructor: David Alley Problem Set 1: Problem Set 1 Answer Key. The quiz covers Chapter 4 and 5 and supplementary materials presented in class and during in-class participation exercises. This activity acts like an online set of flip cards for students to test their knowledge of key phrases for microeconomics. and how they address the questions any. Pick an existing quiz or create your own for review, formative assessment, and more. PDF - connect mcgraw hill microeconomics answers quiz connect mcgraw hill 1 sound key answer to everfi mission two grade 12 english fal paper 2 november. Economics is a social science that studies the choices that individuals, businesses, governments, and entire societies make in the presence of. ECON 203 Principles of Microeconomics Quiz 1 Answers (2017) 1. total output multiplied by sales price of output. The following will become links to examination questions and answers. Answers and explanations to a 10-question multiple-choice microeconomics quiz. Scarborough Instructor Manual. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The graded homework quiz will give you multiple tries, but you lose 10% of the available points each time your answer is wrong. D)could be a penalty but could not be a reward. C) macroeconomics. Massachusetts Institute of Technology Department of Economics 14. DOC Page 1 (of 3) 2a Elasticities 2016-11-24 Questions Microeconomics (with answers) 2a Elasticities 01 Price elasticity of demand 1 If the price rises by 3 %, the quantity demanded falls by 1. 0 Points Economics is best defined as the study of A. Microeconomics Exam Questions And Answers Pdf Microeconomics Lecture Wise Questions and Answers For Final Term. Most people make the incorrect assumption that economics is ONLY the study of money. phenomena of the senses, characterized by constant change. economic principles to real world, real time. Scanned by CamScanner Scanned by CamScanner. First, read the course syllabus. Extra credit AP Released Exam free-response section Comprehensive Final Exam: One long-answer question, two short-answer questions, and a full multiple-choice section (60 questions) of an AP Released Exam. 1 ECON2101 Microeconomics 2 Microeconomics 2 (P) (ECON2101) builds upon material introduced in Microeconomics 1. In stea d it in tro duces a subsidy of τ = 1 dollar on lab or that is paid to w ork ers. Choose from 500 different sets of quiz chapter 1 economics principles microeconomics flashcards on Quizlet. The biology textbooks have substitutes. Economics is a social science that studies the choices that individuals, businesses, governments, and entire societies make in the presence of. In the first chapter of The Wealth of Nations, Smith introduces the idea of the __________, which means the way in which the work required to produce a good or service is divided into a number of tasks that are performed by different workers. and how they address the questions any. Duffer teaches AP Economics at Buffalo Grove High School in Illinois. Quiz Answer Keys (. Scarborough Instructor Manual. This free practice exam features 39 questions that will help you not only review key economics concepts, but also familiarize yourself with the AP exam format. Place them in the correct column. The answers and detailed explanation are given at the end of each question. When a firm’s only variable input is labor, then the slope of the production function measures the i. Multiple choice format with a difficulty level of medium. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. Play microeconomics quizzes on ProProfs, the most popular quiz resource. Key important points are: Behavior of Firms, Intermediate Microeconomics, Period of Time, Total Product, Diminishing Marginal Returns, Additional Labor, Graphically and Verbally, Expansion Path, Currently Operating, Extra Unit of Capital, Pink Slip Company. For maximum success, you will have read the chapter(s) and participated in the class discussion. Microeconomics Quizzes Online, Trivia, Questions & Answers Proprofs. Test Bank 1 for Microeconomics. There Should Be Sufficient Time To Adjust To Price Changes B. Learn quiz chapter 1 economics principles microeconomics with free interactive flashcards. Below is a compiled list of economics exam answers and quiz answers. Web Quiz Your assignment, Mankiw, Principles of Microeconomics 5e, Chapter 3 is ready. how consumers make purchasing decisions. Scarborough Instructor Manual. questions posted. If a society is at point that is inside the production possibilities frontier, the society is experiencing. zero profits 2. Choose from 500 different sets of microeconomics chapter 1 flashcards on Quizlet. Total revenue equals a. 4) List some examples of scarcity in Australia today. DOC Page 1 (of 2) 1 GDP and living standard 08/06/2016 Questions Macroeconomics (with answers) 1 Gross domestic product (GDP) and living standard 01 Gross domestic product 1 Are these activities part of GDP? Mrs Miller picks flowers in her garden. Topics covered include market shortages, supply/demand shifts, and market structures. Our free AP Microeconomics Practice Tests are each a selection of 10 to 12 questions, which will give you a cross-section of topics from the Microeconomics section of the official AP. Microeconomics Practice Exam From the 2012 Administration • This practice exam is provided by the College Board for AP Exam preparation. The best example of demand-based price discrimination among the following is: Answer one of the following questions. 5 minutes each to answer. 01 Factor Markets. Production Function and the Laws of Returns: AP Microeconomics 10 Questions | 1379 Attempts Economics, Production, Production Function, Production Theory, Laws of Returns, Law of Variable Proportions, Law of Returns to Scale, Expansion Path, Returns to Scale, Economics AP, Microeconomics AP, AP Microeconomics, AP Economics Contributed By: SoftSkills and Spoken English Courses. Chapter 6 - Elasticity, Consumer Surplus, and Producer Surplus. 1 Pages: 7 year: 18/19. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The characteristic most closely associated with oligopoly is: a. About This Quiz & Worksheet. Saint Leo ECO 201 Chapter 10 Quiz Answers. Using the labelling in the graph, identify each of the following. 0K) Home > > Chapter 1 > Quiz. Submit your question, choose a relevant category and get a detailed answer for free. Practice Midterm 1 Problems (PDF) Practice Midterm 1 Solutions (PDF). The primary purposes of discussion sections are to answer students’ questions about the text or lectures and to work through problems in the book: Workouts in Intermediate Microeconomics. 100% Free AP Test Prep website that offers study material to high school students seeking to prepare for AP exams. Week 1 Quiz (Chapters 1 & 2) Return to Assessment List Part 1 of 1 - 100. Study Flashcards On Microeconomics Quiz #1, Chapters 1 & 2 at Cram. txt) or read online for free. Section 001: Section 002: Quiz1: Quiz1: Quiz2: Quiz2: Quiz3: Solutions to Winter 2017 Quizzes. 2016 Ap Microeconomics Multiple Choice Answers ePub. Many economists view the natural rate of unemployment as the level observed when real GDP is given by the position of the long-run aggregate supply curve. Show your work on all questions in order to receive partial credit. Select a textbook to see worked-out Solutions. As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students. total output multiplied by sales price of output. is not an issue addressed in economics. Subscribe to email updates from tutor2u Economics. Time 70 minutes (1. There are different things that we get to study when we take up economics as a discipline. 01 Principles of Microeconomics Exam #1 Answers should be as concise as possible. The disease forced his retirement from teaching at the University of Colorado at Colorado Springs in 1998. 14 Monopoly Fall 2010. Past exam papers - 2013 ECO00001C Economics 1 Solutions (PDF , 347kb). financial decision-making. Summary Microeconomics Pindyck, RS and Rubinfeld, DL - Summary of the book, chapter 1-7 Microeconomics General Equilibrium Book Chapter chapter 18 Summary Intermediate Microeconomics Hal R. 3: Supply and Demand: A Model of a Competitive Market Fall 2010. Made with the new Google Sites, an effortless way to create beautiful sites. answer key 2018; textbook answers finder download; microeconomics 201 final exam answers guide; marine net corporals course test answers; mcse test prep; boggy impossible quiz answer 24; hazardous materials training sp2 answers. There are two goods. (C) Relative to your answer in part (B), state what will happen to the market equilibrium price and quantity of corn in the long-run. You’ll have more success on the Self Check if you’ve completed the three Readings in this section. Study Macroeconomics (McGraw-Hill Economics) discussion and chapter questions and find Macroeconomics (McGraw-Hill Economics) study guide questions and answers. Parker - Chapter 1-16 Antwoordenboek "Microeconomics and Behavior", Robert H. View full resource. 8 discussion questions for a total minimum of 960 word count. Survey of Microeconomics, Quiz #1 Fall 2006 Name_____ MULTIPLE CHOICE. Leave name blank. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. Tuition, books, travel Income not earned, less job experience (B) You take a job after school. Are you pursuing economics and often get stuck assignments and customer papers? If you have been successful in gripping with a few assignments but got low grades and desperately looking for an academic partner, stop by us!. Start studying Microeconomics - Exam 1 Answers. You’ll have more success on the Self Check if you’ve completed the four Readings in this section. Principles of Microeconomics, Fall 2007 Quiz #1 Name_____ MULTIPLE CHOICE. C13 Microeconomics Online Exam 1 Answers (Ashworth College) Part 1 of 1 -. Web Quiz Your assignment, McEachern, ECON: Microeconomics, Chapter 4 is ready. The quiz covers Chapter 4 and 5 and supplementary materials presented in class and during in-class participation exercises. In the first chapter of The Wealth of Nations, Smith introduces the idea of the __________, which means the way in which the work required to produce a good or service is divided into a number of tasks that are performed by different workers. Other results: Top Microeconomics Quizzes, Trivia, Questions & Answers Looking for top microeconomics quizzes? Play microeconomics quizzes on ProProfs, the most popular quiz resource. 101w07-practice quiz 4-with answers. [1] Typically, it applies to markets where goods or services are bought and sold. Which of the following is Refer to the graph above to answer questions 6-10. These curves used along with the price curve determine price and quantity in the market. View Notes - econ 101 quiz 1 amu from ECON 101 at American Public University. Microeconomics Quiz #1 Study Guide - Pen Pacific. This quiz/worksheet combo will check your knowledge of a supply curve in microeconomics and its movement in a graph. Terms in this set (58) Microeconomics. Microeconomics Chapter 1 Quiz and Test. YOU SHOULD HAVE 7 PAGES. atluriram, please assist me with micro question Quiz 11 Microeconomics Oligopoly, ch. The mean score was a 2. Recognize and appreciate economics as a study. Microeconomics Exam Answers Macroeconomics Exam Answers. Recognize the role of and functions of. opportunity e. Answer the question(s) below to see how well you understand the topics covered in the previous section. Uploaded by. Chapter 6 - Elasticity, Consumer Surplus, and Producer Surplus. The three principles that describe how the economy as a whole works are: (1) a country’s standard of living depends on its ability Microeconomics is the study of how households and firms make decisions and how they. urnT in only the separate sheet with your work and answers. MCQ quiz on Microeconomics multiple choice questions and answers on Microeconomics MCQ questions on Microeconomics objectives questions with answer test pdf for interview preparations, freshers jobs and competitive exams. Radio and the Music industry; Need help with Macroeconomics homework ? How can the physical properties of metals be modified? The "farm bloc's" favorite solution to the severe drop in prices that caused farmers' economic suffering in the 1920s was. Ashford ECO 204 Principles of Microeconomics ECO 204 Week 1 Discussion 1: Circular Flow Diagram Discussion 2: Supply and Demand Quiz (10 Questions and Answers) ECO 204 Week 2 Assignment: Raise or. Microeconomics chapter 9 quiz answers keyword after analyzing the system lists the list of keywords related and the list of websites with related content, in addition you can see which keywords most interested customers on the this website. Problems and Applications Ten Principles of Economics Video Clips. Penpacific. Topics covered include market shortages, supply/demand shifts, and market structures. pdf files) HW Answer Keys (. Web Quiz Your assignment, Mankiw, Principles of Microeconomics 5e, Chapter 3 is ready. This course aims to provide a solid understanding of basic microeconomic theory and the ability to apply those tools and ideas. When you're done, try again to beat your best score. considers security Other answers are false. Optics, 4E, by Eugene Hecht IM 1210. 7 Question 2 of 10 1. is not an issue addressed in economics. This site provides answers for the Mcgraw Hill Connect quizes for the textbook Economics McConnell, 19th edition by BRUE and FLYNN Mcgraw Hill Connect Economics Quiz Answers mcconnell economics 19th ed. Our solutions are written by Chegg experts so you can be assured of the highest quality! econ quiz chapter 6 macroeconomics Flashcards and Study Learn econ quiz chapter 6 macroeconomics with free interactive. Microeconomics: 10 question quiz: 1. This lecture is from Intermediate Microeconomics. Scarborough Instructor Manual. Pick an existing quiz or create your own for review, formative assessment, and more. As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students. government. Financial Accounting [Robert Libby, Patricia Libby, Frank Hodge Ch] on Amazon Mcgraw hill connect microeconomics answer key. through examples that illustrate their use in. What is the "invisible hand"? Does taking this quiz have any positive externalities? There’s only one way to find out. MCQ quiz on Microeconomics multiple choice questions and answers on Microeconomics MCQ questions on Microeconomics objectives questions with answer test pdf for interview preparations, freshers jobs and competitive exams. DOC Page 1 (of 2) 1 GDP and living standard 08/06/2016 Questions Macroeconomics (with answers) 1 Gross domestic product (GDP) and living standard 01 Gross domestic product 1 Are these activities part of GDP? Mrs Miller picks flowers in her garden. Access Microeconomics & Aplia 2nd Edition Chapter 1 solutions now Aplia microeconomics answers chapter 2. Quiz Answer Keys (. In May 2011, 90,134 students took the AP Microeconomics exam internationally. If you continue browsing the site, you agree to the use of cookies on this website. View Test Prep - Microeconomics Quiz 1 with Answers from ECON 1010H at Trent University. There are many possible answers. Test your knowledge with the Microeconomics Chapter 1: Foundations and Models quiz. Myeconlab quiz answers microeconomics List of ebooks and manuels about Myeconlab quiz answers microeconomics ECON 2610 – Principles of Microeconomics Course Code 0706). Write about how you learn about this, e. So, we will have our quiz later. Chapter 1 Solutions | Microeconomics & Aplia 2nd - Chegg. For maximum success, you will have read the chapter(s) and participated in the class discussion. Economics Questions and Answers - Discover the eNotes. You must enable JavaScript in order to use this site. pdf files) Assignment #1. This assignment covers Chapters 1-4. [1] Typically, it applies to markets where goods or services are bought and sold. 2016 Ap Microeconomics Multiple Choice Answers ePub. Learn vocabulary, terms, and more with flashcards, games, and other study tools. quiz answers. Microeconomics Questions and Answer Set- 1 Microeconomics Quizcard. D) places where people can inspect goods and services carefully. Your help is greatly appreciated. Don't show me this again. the study of how households and firms make decisions and how they interact in markets. economic principles to real world, real time. Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources and prices of goods and services. Recognize the role of and functions of. Tutorial Quiz. • Darken in the "bubbles" AND write your student ID number in the space provided on the. Concordia University. This concept quiz covers key vocabulary terms and also tests your intuitive understanding of the material covered in this session. Introduction to Microeconomics ECON 201. Profits in the short run, attract firms. Studying ECON1101 Microeconomics 1 at University of New South Wales? On StuDocu you find all the study guides, past exams and lecture notes for this course. Monte Vista Microeconomics Saturday, February 18, 2012. Recognize different kinds of economic systems. Enterprising students use this website to learn AP class material, study for class quizzes and tests, and to brush up on course material before the big exam day. Questions and Answers. D) places where people can inspect goods and services carefully. 01 Principles of Microeconomics, Fall 2007, and are used with permission. Microeconomics (Week 1 Quiz) Answer rating: 1 Stars out of 2 ratings. pdf William A McEachern Solutions. He was planning to buy a book with. Principles of MicroeconomicS Karrie Buck | 2/18/18 7:25 PM uiz: Chapter 5 Quiz Submit Quiz his Question: 1 pt 110122 (9 complete) This Quiz: 22 pts possible Anne, Debbie, and Mary are the only producers of fudge in arn isolated village The table shows their supply of fudge each week When the price of a bag of fudge is $1. You’ll have more success on the Self Check if you’ve completed the three Readings in this section. Difficulty: 1 Correct Answer: False 7. Microeconomics Homework Answers Made High-Grade Worthy by Experts. This is due today by 7:30 PM. Choose from 500 different sets of microeconomics chapter 8 flashcards on Quizlet. There will be 21 different graded homework assignments, one for each textbook chapter (and two for chapter 10). 1 Answers to selected “Problems and Applications” Questions in Mankiw Chapter 1: 4) If you spend $100 now instead of saving it for a year and earning 5 percent interest, you are giving up the opportunity to spend $105 a year from now. For chapters 2-20, I will also assign one ungraded problem set for practice. Econ 2010: Principles of Microeconomics. C) macroeconomics. Write about how you learn about this, e. ECON 203 Principles of Microeconomics Quiz 1 Answers (2017) 1. total output multiplied by sales price of output. Time 70 minutes (1. Access the answers to hundreds of Microeconomics questions that are explained in a way that's easy for you to understand. total output multiplied by profit. Marginal rate of substitution B. Marginal cost is ΔTC/ΔQ; Average Total Cost, ATC, equals TC/Q; Average. com community of teachers, mentors and students just like you that can answer any question you might have on Economics. These exams are from Professor William Wheaton's course site, 14. There Should Be Sufficient Time To Adjust To Price Changes B. is not an issue addressed in economics. Microeconomics (Week 1 Quiz) Answer rating: 1 Stars out of 2 ratings. Quia Web allows users to create and share online educational activities in dozens of subjects, including Economics. Academic year. Join 1000s of fellow Economics teachers and students all getting the tutor2u Economics team's latest resources and support delivered fresh in their inbox every morning. 4) List some examples of scarcity in Australia today. Before Test Day What is the AP. Microeconomics Exam Answers Macroeconomics Exam Answers. com A comprehensive database of more than 52 microeconomics quizzes online, test your knowledge with microeconomics quiz questions. 1 Pages: 7 year: 18/19. Lec 1 | MIT 14. Multiple Choice Questions. 01 Principles of Microeconomics, Fall 2007, and are used with permission. Find materials for this course in the pages linked along the left. economic system must answer. Section 1 Microeconomics: Answers to Test your understanding quantitative questions (Chapters 2–7) Answers have been provided for all quantitative Test your understanding questions throughout the. Topics covered include market shortages, supply/demand shifts, and market structures. Economics Quiz 3 Microeconomics. ANSWERS AND EXPLANATIONS. because this 2016 Ap Microeconomics Multiple Choice Answers PDF Kindle is very limited for this year. After completing this unit, you will be able to understand shifts in. Economics is a social science that studies the choices that individuals, businesses, governments, and entire societies make in the presence of. Please answer the questions (all of them or as many as you can) as a way of preparing for your quiz. Chapter 1 Solutions | Microeconomics & Aplia 2nd - Chegg. macroeconomics. DOC Page 1 (of 2) 1 GDP and living standard 08/06/2016 Questions Macroeconomics (with answers) 1 Gross domestic product (GDP) and living standard 01 Gross domestic product 1 Are these activities part of GDP? Mrs Miller picks flowers in her garden. Microeconomics - key terms ; Games and activities. Scarborough Instructor Manual. You must enable JavaScript in order to use this site. 1)Economic scarcity arises from A)limited resources and limitless wants. Microeconomics Exam Answers Macroeconomics Exam Answers. Access study documents, get answers to your study questions, and connect with real tutors for ECON 101 : Microeconomics at American Military University. considers security Other answers are false. Multiple Choice (10 points -1 point apiece) Answer the following multiple choice questions. Midterm 1 Summary Notes (PDF) Practice Exams. 0 Pages: 7 year: 18/19. Start studying Microeconomics - Exam 1 Answers. Solutions to Quick Quizzes 1 Chapter 1 1. ACADEMIC INTEGRITY: According to the University policy, violation of academic integrity is a serious offense. This lecture is from Intermediate Microeconomics. 100% Free AP Test Prep website that offers study material to high school students seeking to prepare for AP exams. The characteristic most closely associated with oligopoly is: a. Description The Test Banks for Microeconomics offer over 7,500 multiple-choice questions and answers that can be used to create homework assignments, quizzes, and tests. Concept Quiz. Licensed to: iChapters User PRINCIPLES OF MICROECONOMICS: A G U I D E D T O U R PART ONE: INTRODUCTION Chapter 1 Chapter 2 Chapter 3 Ten Principles of Economics Thinking Like an Economist Interdependence and the Gains from Trade The study of economics is guided by a few big ideas. Test your AP Microeconomics knowledge with the below microeconomics multiple choice quizzes. Think about the allocation of goods and services in your hood. CONNECT_MCGRAW_HILL_MICROECONOMICS_ANSWERS_QUIZ. Our completely free AP Physics 1 practice tests are the perfect way to brush up your skills Intermediate microeconomics exam questions and answers. choices made by people faced with scarcity. (total output multiplied by sales price) - inventory surplus. That same year, MS made him wheelchair-bound. Get an answer for 'What does "microeconomics" mean?' and find homework help for other Social Sciences questions at eNotes. Quiz Answer Keys (. ANSWERS AND EXPLANATIONS. Microeconomics Chapter 11 Quiz Questions 1. The graded homework quiz will give you multiple tries, but you lose 10% of the available points each time your answer is wrong. Enterprising students use this website to learn AP class material, study for class quizzes and tests, and to brush up on course material before the big exam day. 3550 Quiz 1 Last Name: First Name:. com 1 Microeconomics Quiz #1 Study Guide Note: Below is a list of study questions for the upcoming Quiz #1 (Tue. Focus on the big picture ideas, identfy what you still need to. User Cheri Chen Course 19SP ECON 120 Microeconomics (04) Test Quiz 1 Started 4/1/19 11:41. Microeconomics Practice Quiz Test. Once you start the quiz you have one hour to complete it. In equilibrium, the market clears and there's no incentive for producers to enter the market or. Enterprising students use this website to learn AP class material, study for class quizzes and tests, and to brush up on course material before the big exam day. Featured Quizzes. Learn microeconomics with free interactive flashcards Mcgraw hill connect answers microeconomics. MICROECONOMICS QUIZ. there is a technological improvement. AP Macroeconomics UNIT 1 REVIEW - MULTIPLE CHOICE PRACTICE. In-class questions and answers are posted approximately one week after the in-class exam. 1 Answers to selected “Problems and Applications” Questions in Mankiw Chapter 1: 4) If you spend $100 now instead of saving it for a year and earning 5 percent interest, you are giving up the opportunity to spend $105 a year from now. Questions with parts within them give equal weight to the parts. ACTIVITIES 1. Ashford ECO 204 Principles of Microeconomics ECO 204 Week 1 Discussion 1: Circular Flow Diagram Discussion 2: Supply and Demand Quiz (10 Questions and Answers) ECO 204 Week 2 Assignment: Raise or. Microeconomics is the study of how households and firms make decisions and how they interact in. Microeconomics Quizzes Online, Trivia, Questions & Answers Proprofs. microeconomics. Likely short answer/problem questions are #8, 9, 11, 14, and 15 in Chapter 3 and questions from class handout.