(Answered) : S2 8 00 Final Exam 1

Question Description

Question 1

1. The study of economics involves which of the following?
   

   	studying government policies as they relate to globalization
   	studying how people relate to each other racially
   	studying how people try to satisfy their unlimited wants with limited resources
   	studying the impact of humans on the environment

2 points

Question 2

1. Which of the following would an economist say motivates a woman who sews purses and sells them to the public?
   

   	satisfaction
   	self-interest
   	absolute advantage
   	monetary policy

2 points

Question 3

1. Whileshopping you discover that your favorite department store has loweredthe price on a
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