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Normative economics is based on facts.

Normative economics is based on facts.

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Microeconomics is the study of the allocation of resources…

Microeconomics is the study of the allocation of resources to uses in order to satisfy human wants. 

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Give an example of a scarce resource and explain what you th…

Give an example of a scarce resource and explain what you think economists mean when they describe something as scarce. 

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Apple invests $100,000,000 in research and development to cr…

Apple invests $100,000,000 in research and development to create a better Iphone. Which scarce resource is Apple investing in? 

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If the marginal utility of going to class is the same as the…

If the marginal utility of going to class is the same as the cost of going to class, you will always go to class. 

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The “HOT” marking must be applied to elevated temperature ma…

The “HOT” marking must be applied to elevated temperature materials. (T/F)

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If a spill occurs, emergency response information must be ca…

If a spill occurs, emergency response information must be carried with the shipping papers. (T/F)

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A truck transporting UN1203 Gasoline, Class 3, must display…

A truck transporting UN1203 Gasoline, Class 3, must display which placard?

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Salvage drums must be marked with the word “SALVAGE.” (T/F)

Salvage drums must be marked with the word “SALVAGE.” (T/F)

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Which CFR section requires shipping papers to be accessible…

Which CFR section requires shipping papers to be accessible in the driver’s door pocket or reach?

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