2/21/25, 12:54 PM PT2: Practice Test for Module 2 (Zero Credit): Online SP25 ECON 2105 Principles of Macroeconomics
PT2: Practice Test for Module 2 (Zero Credit)
Due No due date
Points 25
Questions 25
Available until May 9 at 11:59pm
Time Limit 75 Minutes
Allowed Attempts Unlimited
Instructions
Here is your PT2! Recall that Practice Tests are not graded. They are only what their name suggests:
practice. We implemented a timer on this one to simulate the testing environment. You have unlimited
opportunities to practice it.
Remember to take note of the questions/topics that you struggle with and bring them to GroupMe and
office hours!
.4
Practice makes A
perfect .
A
o N
-—
Take the Quiz Again
Attempt History
Attempt Time Score
KEPT Attempt 2 2 minutes 24 out of 25
https://gatech.instructure.com/courses/442722/quizzes/630761 1/15
, 2/21/25, 12:54 PM PT2: Practice Test for Module 2 (Zero Credit): Online SP25 ECON 2105 Principles of Macroeconomics
Attempt Time Score
LATEST Attempt 2 2 minutes 24 out of 25
Attempt 1 8 minutes 7.67 out of 25
Score for this attempt: 24 out of 25
Submitted Feb 21 at 12:54pm
This attempt took 2 minutes.
Question 1
1/1 pts
According to Elinor Ostrom, which of the following statements about the problem of "tragedy of the
commons" are correct?
Correct!
Social norms can be drawn on to enforce sustainable resources, although it does not always succeed.
This is one of the findings of Ostrom's work.
Even if all individuals were completely selfish, repeated interactions would definitely result in cooperative outcomes.
Correct!
Individuals care about trust and reciprocity.
Ostrom assumed that individuals have unorthodox preferences, caring about trust and reciprocity.
Agreements for cooperation must be enforced by governments.
Question 2
1/1 pts
Which of the following are examples of free riding?
Correct!
Fellow students benefitting from your efforts in a group work assignment.
This is a typical example of a free rider (so don't do itj).
Fare dodgers on the subway.
Correct!
Small shareholders, having not read the accounts or the reports, are allowed to vote with large investors at a
shareholders' meeting.
The small shareholders are free riding on the efforts of large investors, who have spent time studying the
accounts and the reports.
Fishermen in an overfished lake.
Question 3
1/1 pts
Which of the following statements regarding Nash equilibrium are correct?
https://gatech.instructure.com/courses/442722/quizzes/630761 2/15
PT2: Practice Test for Module 2 (Zero Credit)
Due No due date
Points 25
Questions 25
Available until May 9 at 11:59pm
Time Limit 75 Minutes
Allowed Attempts Unlimited
Instructions
Here is your PT2! Recall that Practice Tests are not graded. They are only what their name suggests:
practice. We implemented a timer on this one to simulate the testing environment. You have unlimited
opportunities to practice it.
Remember to take note of the questions/topics that you struggle with and bring them to GroupMe and
office hours!
.4
Practice makes A
perfect .
A
o N
-—
Take the Quiz Again
Attempt History
Attempt Time Score
KEPT Attempt 2 2 minutes 24 out of 25
https://gatech.instructure.com/courses/442722/quizzes/630761 1/15
, 2/21/25, 12:54 PM PT2: Practice Test for Module 2 (Zero Credit): Online SP25 ECON 2105 Principles of Macroeconomics
Attempt Time Score
LATEST Attempt 2 2 minutes 24 out of 25
Attempt 1 8 minutes 7.67 out of 25
Score for this attempt: 24 out of 25
Submitted Feb 21 at 12:54pm
This attempt took 2 minutes.
Question 1
1/1 pts
According to Elinor Ostrom, which of the following statements about the problem of "tragedy of the
commons" are correct?
Correct!
Social norms can be drawn on to enforce sustainable resources, although it does not always succeed.
This is one of the findings of Ostrom's work.
Even if all individuals were completely selfish, repeated interactions would definitely result in cooperative outcomes.
Correct!
Individuals care about trust and reciprocity.
Ostrom assumed that individuals have unorthodox preferences, caring about trust and reciprocity.
Agreements for cooperation must be enforced by governments.
Question 2
1/1 pts
Which of the following are examples of free riding?
Correct!
Fellow students benefitting from your efforts in a group work assignment.
This is a typical example of a free rider (so don't do itj).
Fare dodgers on the subway.
Correct!
Small shareholders, having not read the accounts or the reports, are allowed to vote with large investors at a
shareholders' meeting.
The small shareholders are free riding on the efforts of large investors, who have spent time studying the
accounts and the reports.
Fishermen in an overfished lake.
Question 3
1/1 pts
Which of the following statements regarding Nash equilibrium are correct?
https://gatech.instructure.com/courses/442722/quizzes/630761 2/15
