ECO 203 Week 1 Quiz To this material click below link For more classes visit

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ECO 203 Week 1 Quiz To this material click below link For more classes visit ECO 203 Week 1 Quiz 1. If an individual's income increases, then the demand for a normal good will 2. An example of investment, as defined in economics, is 3. All but which one of the following could shift the demand curve? 4. When a firm decides to replace some workers with robots in its production process, it is making a decision about one of the basic economic questions. Which one? 5. When price changes, one should expect a change in 6. Demand relates the various amounts that consumers are willing to buy over a specified time period 7. When the government redistributes income, it is answering a basic economic question. Which one? 8. Self-interested behavior and incentives are 9. Which of the following would be described as capital by an economist? 10.When price changes, there is an opposite change in the