UNT ECON 1100 EXAM 1 | 40 QUESTIONS WITH 100% CORRECT ANSWERS | NEW UPDATE

UNT ECON 1100 EXAM 1 | 40 QUESTIONS WITH 100% CORRECT ANSWERS | NEW UPDATE
Question : Which of the following will cause a decrease in the
demand for batteries?
Correct answer: An increase in the price of digital cameras, a
complement for batteries
Question : Based on the information in the table below, the
opportunity cost of producing one clock in Mexico is:
Clock Radio
Spain 4 hours 2 hours
Mexico 3 hours 6 hours
Correct answer: 1/2 radio.
Question : Which of the following is a normative
microeconomic statement?

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