A “change in demand” is the different from a “change in quantity demanded.” (1)______________(True or False) A “change in supply” is the same as a “change in quantity supplied.” (2)______________(True or False)

Economists use the _____________ assumption to isolate the relationship between two variables. It allows them to see the cause and effect relationships, without being confused by other possible influences.  

Here are four things you could do if you do not read a novel: study for an upcoming econ test (you value this at $100), watch a movie (you value this at $105), read a newspaper (you value this at $1000), or go in to work (you value this at $50). The opportunity cost of reading a novel is _____________

A economist in this (1)_________ field would be concerned about questions that impact the whole economy such as, “How will the proposed tax cut affect unemployment, inflation and economic growth?” A economist in this (2)_________ field would ask questions that relate to the various parts that make up the economy such as, “How will the drought impact the price of corn?”  

Suppose the absolute price of good X is $200 and the absolute price of good Y is $10 The relative price of one unit of good X is ________(write a number) units of a good Y. 

The resources are what are used to produce the goods. ____ consists of the talent that some people have for organizing the other resources to produce goods and develop new ways of doing things. 

Suppose that a society begins at a point inside the production possibilities frontier (PPF), such as E in the above graph.  and then ends up at a point on the same PPF, such as F in the above graph. Which of the following could have caused such a change?​

  Plot 1 Plot 2 Plot 3 Plot 4 Based on the above plots, Plot 3 demonstrates a situation of _________

A 4.45 kg cat will be started on fluids at a rate of 40 mL/kg/24 hr.  What will this patients 24 hour fluid rate be? (How many mL will they have received in 24 hours)

Lady is a 17.6 lb dog who needs to start a rate at 60 mL/kg/day.   What is her drops per minute on a 60 gtt/mL drip set? [20] What will the seconds per whole drop(s) be? [sec]