ECO 210

Economic Reasoning Quiz

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True / False

_____1. The best things in life are free.

_____2. The largest cost of going to college is tuition and books.

_____3. “Anything worth doing is worth doing well.”

_____4. Life is priceless and should be sustained at any cost.
_____5. We can help the poor by regulating prices and keeping them low.

_____6. Recycling newspapers helps reforest our lands.

_____7. One person’s benefit in the market is someone else’s loss.
_____8. People who work the hardest get the most money.

_____9. It is a good idea to seek all of the information about a product before
making a purchase.

_____10. Raising the minimum wage is the best way to help unskilled workers.

_____11. Rich people don’t face the problem of scarcity.

_____12. It is a good idea to make an informed choice and stick to it.