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ECO 204 WEEK 1 QUIZ | VERIFIED SOLUTION

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Exam of 5 pages for the course ECO 204 at Ashford University (ECO 204 WEEK 1 QUIZ)

Institution
Ashford University
Course
ECO 204

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ECO 204 WEEK 1 QUIZ

, 1. Question : Demand for a good will always rise when

Student Answer:
the price of a complementary good falls.
the price of a substitute good falls.
tastes change.
incomes decrease.
the price of the good falls.


Points Received: 1 of 1
Comments:



Question 2 Question :
Which of the following would be described as capital by an economist?
.

Student Answer:
Government bonds
Corporate bonds
Petroleum reserves owned by a corporation
Common stocks traded on a national exchange
The power lift in a service station



Points Received: 1 of 1
Comments:



Question 3 Question : Capital consists of
.

Student Answer:
the assets of a firm.
the assets of the government.
the assets of upper-income groups.
aids to production created by humans.
stocks and bonds.



Points Received: 1 of 1
Comments:




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ECO 204
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  • eco 204 week 1 quiz   1 question demand for a good will always rise when student answer the price of a complementary good falls the price of a substitute good falls tastes change
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