Question

1.

According to Mr. Clifford,  _____________ is “whatever you give up to do something”

2.

The two basic assumptions in economics are ... (select two options)

		a. Scarcity "The tension between infinite wants and finite resources."
		b. It's a simple calculus. This universe is finite, its resources, finite. If life is left unchecked, life will cease to exist. It needs correcting.
		c. Everything has a cost
		d. Money rules the world. 3. Macroeconomics is the study of ________,__________ , prices, and policy on a national scale. 4. Why have universities changed from a focus on enrollment of student to other targets like number of courses completed or degrees earned? a. Because universities care about those things for student athletes and to ensure that athletes are not treated differently, they also care about those things for the rest of the students. b. Recent changes in government policy has changed incentives to be based on enrollment rather than student success. c. Many states have changed the financial incentives from being enrollment based to being based on course and degree completion. d. Universities realized that spending money on marketing was not effective. 5. In the Crash Courses series, what does “DFTBA” stand for? a.Dumping family tribulations on caring audiences b. Deliberate forests totally burn hot. c. Dumb frogs should be d. Don't forget to be awesome!

Answer 1

1. Opportunity Costs

Explanation: Whatever we give up to do something is the opportunity cost of that activity.

2. Options A and C

Explanation: Two basic assumptions in economic are scarcity and 'there is no free lunch.'