Professional Documents
Culture Documents
2
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.
4) Given that resources are scarce,
A) A "free lunch" is possible, but only for a limited number of people.
B) Opportunity costs are experienced whenever choices are made.
C) Poor countries must make choices, but rich countries with abundant resources do not have to
make choices.
D) Some choices involve opportunity costs while other choices do not.
Answer: B
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-02 How scarcity creates opportunity costs.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Answer: A
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-02 How scarcity creates opportunity costs.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Answer: D
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
3
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.
7) Factors of production are
A) Scarce in every society.
B) Scarce only in advanced countries.
C) Scarce only in the poorest countries of the world.
D) Unlimited in quantity.
Answer: A
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Answer: B
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
9) With respect to factors of production, which of the following statements is not true?
A) Factors of production are also known as resources.
B) In order to produce any good or service, it is necessary to have factors of production.
C) Factors of production include land, labor, capital, and entrepreneurship.
D) Only those resources that are privately owned are counted as factors of production.
Answer: D
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
4
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.
10) Which of the following is the best example of land?
A) The ethanol refined from corn.
B) A factory that produces new goods and services.
C) The water used to make a soft drink.
D) A barber's chair.
Answer: C
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Answer: D
Difficulty: 1 Easy
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
12) Which economist argued that free markets unleashed the "animal spirits" of entrepreneurs,
propelling innovation, technology, and growth?
A) Lord Kelvin.
B) Kenneth Olsen.
C) Irving Fisher.
D) John Maynard Keynes.
Answer: D
Difficulty: 2 Medium
Topic: Scarcity: The Core Problem
Learning Objective: 01-01 What scarcity is.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
5
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.
Another random document with
no related content on Scribd:
The Project Gutenberg eBook of The coat without
a seam, and other poems
This ebook is for the use of anyone anywhere in the United
States and most other parts of the world at no cost and with
almost no restrictions whatsoever. You may copy it, give it away
or re-use it under the terms of the Project Gutenberg License
included with this ebook or online at www.gutenberg.org. If you
are not located in the United States, you will have to check the
laws of the country where you are located before using this
eBook.
Language: English
A volume of miscellaneous
poems containing as its title poem
a reply to the German “Hymn of
Hate.”
“Firmly and finely fashioned,
and unaffectedly sincere.”—The
New York Times.
“Miss Cone’s verse shows a
delicacy of imagination which is
deserving of high praise.”—The
Outlook.
$1.50 net
NEW YORK
E. P.
DUTTON &
COMPANY
681 Fifth
Avenue
THE
COAT WITHOUT A SEAM
And Other Poems
BY
HELEN GRAY CONE
Author of “A Chant of Love for England,
and Other Poems”
NEW YORK
E. P. DUTTON & COMPANY
681 Fifth Avenue
Copyright 1919, by
E. P. DUTTON & COMPANY
II
III
IV
On a rock-altar stern
In sacrificial fires,
A man goes up to burn
His memories and desires.
She said, “I will hide all the brave books away from him,
With their scarlet letters that burn into the heart;
I will lock their spell and their sovereign sway from him;
I will rear him tenderly, a life apart.”
But the day came and the hour came,
And the foul deed struck him like a spur;
And he felt the shame and the swift flame,
And his eyes were strange to her.
In the dreams of the night had the old Captains come to him,
And the staunch old Admirals that died long ago;
From the old fields of fight came the roll of the drum to him,
With a call that his mother could not know;
It seemed that a Sword gleamed blinding-bright
At the dawn-edge of the sky;
And he said, “O Mother, the Right is the Right:
I must fight for it now though I die!”
MOTHERS OF SOLDIERS