a.
between her own individual choices.
b.
between people or businesses in the same market.
c.
between markets.
d.
through time.
ANSWER:
c
104. Harry Watson is an engineering student taking an economics elective in his senior year. He has the option after college to work as a petroleum engineer or design rollercoasters. He is using concepts learned in his economics course to help with this decision. By considering that he cannot be both a petroleum engineer and a rollercoaster designer, he is acknowledging the dependencies that exist
a.
between his own choices.
b.
between people or businesses in the same market.
c.
between markets.
d.
through time.
ANSWER:
a
105. Harry Watson is an engineering student taking an economics elective in his senior year. He has the option to work as a petroleum engineer or to design rollercoasters after college. He uses concepts learned from his economics course to help with this decision. When he considers the increasing popularity of electronic vehicles and a decrease in demand for petroleum in the future, he is acknowledging the dependencies that exist
a.
between his own choices.
b.
between people or businesses in the same market.
c.
between markets.
d.
over time.
ANSWER:
d
106. Harry Watson is an engineering student taking an economics elective in his senior year. He has the option after college to work as a petroleum engineer or design rollercoasters. He is using concepts learned in his economics course to help with this decision. By considering the effects that reduced financial investments in petroleum companies will have on his expected salary, he is acknowledging the dependencies that exist
a.
between his own choices.
b.
between people or businesses in the same market.
c.
between markets.
d.
through time.
ANSWER:
c
107. Harry Watson is an engineering student taking an economics elective in his senior year. He has the option after college to work as a petroleum engineer or to design rollercoasters. He is using concepts he learned in his economics course to help with this decision. He thinks many engineers would prefer to design rollercoasters and expects a lower salary in this field. With this analysis, he is acknowledging the dependencies that exist
a.
between his own choices.
b.
between people or businesses in the same market.
c.
between markets.
d.
through time.
ANSWER:
b
108. Dependencies between your own choices reflect the fact that:
a.
you have limited resources.
b.
society has limited resources.
c.
resources are spread across varying markets.
d.
resources can be spread across time.
ANSWER:
a
109. Dependencies between various people's choices reflect the fact that
a.
you have limited resources.
b.
society has limited resources.
c.
resources are spread across different markets.
d.
resources can be used across time.
ANSWER:
b
110. Dependencies between markets reflect the fact that
a.
you have limited resources.
b.
society has limited resources.
c.
resources are spread across different markets.
d.
resources can be used across time.
ANSWER:
c
111. Dependencies over time reflect the fact that
a.
you have limited resources.
b.
society has limited resources.
c.
resources are spread across varying markets.
d.
resources can be spread across time.