According to Charkins, what is the most important resource your students are likely to make choices about?
C. Human capital
Human capital includes
D. All of the above
The purpose of school is to:
B. develop human capital
Which of the following is a resource?
A. human captal
Economic reasoning can be used to:
B. address basic social issues
In A Day's work, the thing that impressed Ben about Abuelo was his:
C. personal qualities
The skills hat George H Bush designated as necessary for success in the 21st century global labor market are called:
A. SCANS
The principle of exchange says that people will hire you if they expect to:
A. gain more than they give
Which of the following had a job that was not respected by his/her father?
D. Peppe
Which of the following was used in class to teach the concept of alternatives?
A. Getting Through Thursday
Which of the following learned to read with help from the library lady?
B. Tomas
At the time that Helga came back with her dowry and chose to remain unmarried, the opportunity cost of that choice was:
a. Plain Inga
b. the dowry
c. The king
d. Handsome Lars
D Handsome Lars
According to the California History/Social Science Standards, at what grade should students begin learning cost/benefit analysis?
C. Kindergarten
Which of the followig is the alternative option selected?
B. Choice
In a decisin with four alternatives, how many opportunity costs is/are there?
A. one
In a decision with four alternatives, how many choices are there?
D. One
Which of the followig is the best alternative not selected, the opportunity given up in making a decision?
B. opportunity cost
Which of the following is a bad point about an alternative?
C. Disadvantage
Terry is deciding which car to buy: a 2004 Dodge, a 2007 Chevy, or a 2008 Toyota. She selects the Dodge. Which of the following is a correct statement?
A. Terry has three alternatives
Greg decided between hiring Carlos or Maggie. He decided to hire Carlos who was always late and rude to customers. Which of the following is a correct statement?
B. The cost of the choice was Maggie
Which of the following words is not allowed to ever be spoken in Econ 311
A. Free
For the ladies wo made Anna's Rag Coat, the opportunity cost of choosing to use the rags for the coat is:
A. A quilt
In The Rag Coat, Minnie was proud of her coat because it:
D. told stories about her classmates
The purpose of benefit/cost analyis is to:
D. All of the above
Which of the following statements, emphasized in class, most clearly states the message of benefit/cost analysis?
C. There is no such thing as a free lunch
Which of the following was explained in lass as bein ost important for developing an empire
A. Access to a water route
In the ancient world, whicho of the following products would you most likely trasport by land?
B. Grain
Ancient Sumer lies in what modern nation's territory?
B. Iraq
How did Athens support its navy?
D. Silver
From which ancient civilization did the cedars come that were used in Solomon's temple?
C. Phoenicia
The Romans were most interested in Egypt for:
A. Wheat
Which of the following is te westernmost sea?
C. Tyrrhenian Sea
If you were travelling from China towards the West on the Silk Road, in what order would you reach the modern countries listed below?
A. India, Pakistan, Afghanistan, Iran, Iraq
By the 9th century, what group controlled the land and sea routes between Europe and Asia?
C. Muslims
Which of the following was a major center of culture, art, science, mathematics and philosophy from 711-1492?
B. Granada
Which of the following measures the relationship between supply and demand for one product compared to the relationship of supply and demand for all other products?
C. Relative scarcity
Which of the following can change the relative scarcity of a product?
D. Supply and demand
A decrease in supply does what to price and quantity exchanged?
B. Price goes up, quantity goes down
If U.S. housing prices are falling, which of the following could cause this?
C. A decrease in demand
Which of the followig describes the results of the European plague of the 13th century on the European market for workers?
A. Wages increased; quantity decreased
What was the impact of Vasco da Gama's successful voyage to India onthe European spice arketof the sixteenth century?
A. prices decreased; quantity increased
What happened to the market for placers (pans used t pan for gold) in Sacramento in 1850 when many miners "rushed" to the area to discover gold?
A. Prices increased; quantity increased
What would happen in the market for California fruits and vegetables if Mexican farm workers stopped coming into California?
B. supply would decrease, prices would rise
I was the admiral of the fleet that sailed with over 200 ships in the late 15th and early 16th centuries
C. Xeng He
I am the gateway between East and West. When Mehmet the Conqueror conquered me, he closed the "gateway" for spices to reach the West
C. Byzantium
I am the Cape that was a stumbling block for Europeans attempting to sail down the west coast of Africa
A. Cape Bojador
I am the person that encouraged Prince Henry the Navigator to invade North Africa
A. Phillipa
I found the great spice market in India
B. Vasco da Gama
I am the Cape at the souhern tip of Africa
B. Cape of Good Hope
I was the last Muslim stronghold in Europe, conquered by Spanish monarchs in 1492.
A. Granada
I am the Venetian who sailed for Spain traveling west to reach the East. I failed.
B. Columbus
My surviving crew members were the first to circumnavigate the globe. I was kiled in the Philippines.
B. Magellan
I'm an ocean that separates Europe from America
D. Atlantic
I am the country that controlled the European Spice Trade after 1502
D. Portugal
With the closing of land routes between East and West, what happened to the market for spices in Europe in the mid fifteenth century?
D. supply decreased, prices rose
What was the result on te market for spices in Europe, when it was discovered that nutmeg prevented the plague?
D. Demand increased, prices rose
Which of the following is a transaction cost?
B. looking on the internet for an IPOD
Which of the following statement is true?
a. all opportunity costs are transactions costs
b. all transactions costs are search costs
c. all costs are opportunity costs
d. al opportunity costs are search costs
all costs are opportunity costs
The major purpose of money is to:
C. facilitate exchange by reducing transactions costs
The major cause of deflation is:
B. too little money in relation to the quantity of goods and services
Which of the following groups is most hurt by unanticipated inflation?
D. lenders
The Weimar Republic's hyperinflation was caused by:
A. Too much money in circulation
The current hyperinflation in Zimbabwe is caused by:
A. too much money in circulation
Which of the following was once the official currency of the Massachusetts Bay Colony?
A. Wampum
Which of the following is the "softest" money?
A. paper
In the Wizard of Oz, which of the major characters is thought to represent farmers?
D. the scarecrow
Which of the following wars united the British and Americans?
B. French and Indian War
Which of the following most upset the rum producers of New England?
D. Sugar Act of 1764
Which of the following most upset the colonial professional class?
B. Stamp Act of 1765
Which of the following increased the transaction costs of exchange?
a. Proclamation of 1763
b. Coercive Act of 1764
c. Currency Act of 1764
d. Stamp Act of 1765
C Currency Act of 1764
Where did most of the colonist live?
A. close to the Atlantic
Which of the following immediately followed the repeal of the Stamp Act?
D. Declaratory Act of 1766
Which of the following established a monopoly for the British East India Company in the Colonies and drove many American colonists out of business?
B. Tea Act of 1773
Which of the following increased the transactions costs of exchange?
D. Currency Act of 1774
Which of the following repealed the charter of the Massachusetts Bay Colony?
C. Coercive Acts of 1774
Which of the following took disputed land away from the New England colonies?
A. Quebec Act of 1774
Who did a representation (sketch, painting) of the Boston Massacre that omitted Crispus Attucks?
A. Paul Revere
Who was the American born Governor of Massachusetts who ordered the captains of the tea ships to unload their cargo?
A. Thomas Hutchinson
Who defended Thomas Prescott in a Boston trial?
A. John Adams
Who led the Sons of Liberty in Boston and was completely against any compromise with the King or Parliament?
B. Sam Adams
Which religious group recognized the English monarch as head of the English Church?
B. Anglicans
Which religous group did not believe in popes, bishops, or kings as head of the English church?
C. Puritans
Which religious group recognized the pope as head of the English church?
D. Catholics
Who was the new military governor of Massachusetts after the Boston Tea Party?
D. Thomas Gage
Which of the following contributed to the resolve of some American colonists to seek independence from Great Britain?
D. all of the above
On the eve of revolution, approximately what percent of American colonists favored fighting for indpendence from Great Britain?
B. 40%
In the civil rights movements of the 1960's, Martin Luther King and others decided between violence and nonviolence. These two options (violence and nonviolence) are:
C. Alternatives
After the Irish potato famine, some chose to leave Ireland for the U.S., Canada, or other destinations. What they left behind would be considered the:
C. Cost of the choice
In general economists view the human experience as a series of:
