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    Socrative Quiz

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    api-307974839
    The document summarizes the results of an economics quiz taken by 5 students - Lexi Morgan, Danley Haley, Momma Jo, and Ben Bernanke. It shows the number of questions each student got correct out of 10, along with the class scoring summary. Key details include: - Lexi Morgan answered 4 questions correctly for a score of 40 - Danley Haley answered 8 questions correctly for a score of 80 - Momma Jo answered 3 questions correctly for a score of 30 - Ben Bernanke answered 5 questions correctly for a score of 50 - The class average score was 50% correct answers.

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    © All Rights Reserved
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    Socrative Quiz

    Uploaded by

    api-307974839
    444 views1 page
    The document summarizes the results of an economics quiz taken by 5 students - Lexi Morgan, Danley Haley, Momma Jo, and Ben Bernanke. It shows the number of questions each student got correct out of 10, along with the class scoring summary. Key details include: - Lexi Morgan answered 4 questions correctly for a score of 40 - Danley Haley answered 8 questions correctly for a score of 80 - Momma Jo answered 3 questions correctly for a score of 30 - Ben Bernanke answered 5 questions correctly for a score of 50 - The class average score was 50% correct answers.

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    socrative quiz

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    The document summarizes the results of an economics quiz taken by 5 students - Lexi Morgan, Danley Haley, Momma Jo, and Ben Bernanke. It shows the number of questions each student got correct out of 10, along with the class scoring summary. Key details include: - Lexi Morgan answered 4 questions correctly for a score of 40 - Danley Haley answered 8 questions correctly for a score of 80 - Momma Jo answered 3 questions correctly for a score of 30 - Ben Bernanke answered 5 questions correctly for a score of 50 - The class average score was 50% correct answers.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    444 views1 page

    Socrative Quiz

    Uploaded by

    api-307974839
    The document summarizes the results of an economics quiz taken by 5 students - Lexi Morgan, Danley Haley, Momma Jo, and Ben Bernanke. It shows the number of questions each student got correct out of 10, along with the class scoring summary. Key details include: - Lexi Morgan answered 4 questions correctly for a score of 40 - Danley Haley answered 8 questions correctly for a score of 80 - Momma Jo answered 3 questions correctly for a score of 30 - Ben Bernanke answered 5 questions correctly for a score of 50 - The class average score was 50% correct answers.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 1

    James Hannum

    Socrative Econ Quiz


    Tuesday, February 02 2016 07:53 PM
    Room: uLBSIjpa
    Common Core Tags:

    Student Name+A8:M8s

    Peanut butter and jelly are


    compliments. Due to
    The price of apples has
    advancements in processing
    recently gone down.
    technology, there is an
    Assuming apples and
    increase in the supply of
    The Federal Reserve Bank is
    oranges are substitutes, what peanut butter. What happens responsible for printing and
    will happen in the market for as a result in the market for
    minting physical American The current Chairman of the
    oranges?
    jelly?
    currency.
    Federal Reserve is...

    Total Score (0 - 100)

    Number of correct answers

    Lexi Morgan

    40

    Orange demand will


    decrease, leading to a lower Equilibrium price and quantity
    True
    equilibrium price and quantity. increase

    Michael Bloomberg

    Danley, Haley

    80

    Orange demand will


    decrease, leading to a lower Equilibrium price and quantity
    equilibrium price and quantity. increase
    False

    Janet Yeller

    3
    5.00

    Orange supply will decrease,


    leading to a higher
    equilibrium price and lower
    Equilibrium price decreases,
    equilibrium quantity
    equilibrium quantity increases True
    66.7%
    66.7%

    Momma, Jo
    Class Scoring

    30
    50.0%

    33.3%

    The U.S. can choose to


    produce 10 big jets, or 20
    small planes, or combination
    of the two (i.e 5 big jets and
    10 small planes). Mexico can
    Using the classical closed
    produce 5 big jets, or 15
    economy model, what
    small planes, or a
    happens to the real interest
    At what point will a
    combination of the two. What
    rate as a result of an increase perfectly competitive firm An increase in the money supply will will each country specialize The CPI measures a nation's The difference between the
    in government spending?
    produce?
    increase aggregate demand.
    in?
    output.
    short run and the long run is...
    Because of absolute
    advantage, the U.S. will
    specialize big jets and Mexico
    will specialize in small planes. True

    aggregate demand is fixed in


    the short run, but not in the
    long run.

    Where marginal revenue


    It will decrease as a result of equals average total
    an increase in loanable funds. cost.
    True

    Because of comparative
    advantage, the U.S. will
    specialize big jets and Mexico
    will specialize in small planes. False

    prices are sticky in the short


    run, but not in the long run.

    Where marginal cost


    It will increase as a result of a equals marginal
    decrease in loanable funds. revenue.
    33.3%
    66.7%

    Because of absolute
    advantage, the U.S. will not
    specialize and produce a
    combination of small planes
    and big jets. Because of
    comparative advantage,
    Mexico will specialize in small
    True
    planes.
    33.3%

    aggregate demand is fixed in


    the short run, but not in the
    long run.
    33.3%

    Where marginal cost


    It will increase as a result of equals marginal
    an increase in loanable funds. revenue.

    True

    True
    100.0%

    33.3%

    Ben Bernanke
    33.3%

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