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GACE Economics Test I (038): Practice & Study Guide

  • Course type: Self-paced
  • Available Lessons: 86
  • Average Lesson Length: 8 min
  • Eligible for Certificate: Yes

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    What is Economics? - Definition & Types

  • GACE Economics Test I (038): Practice & Study Guide Practice Test

Course Summary

Refer to this comprehensive study guide to review basic economics and microeconomics concepts. This course covers the material you'll need to know for the Georgia Assessments for the Certification of Educators (GACE) Economics Test I exam.
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9 chapters in GACE Economics Test I (038): Practice & Study Guide

Course Practice Test

Check your knowledge of this course with a 50-question practice test.
  • Comprehensive test covering all topics
  • Detailed video explanations for wrong answers
Week {{::cp.getGoalWeekForTopic(0, 9)}}
Ch 1. Basic Economic Concepts & Terms {{cp.topicAssetIdToProgress[48231].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - What is Economics? - Definition & Types Score: {{cp.lessonAssetIdToProgress[12279].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12279].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[12279].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12279].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Microeconomics vs. Macroeconomics Score: {{cp.lessonAssetIdToProgress[21537].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21537].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[21537].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21537].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - The Importance of Consumer Choice in Economics Score: {{cp.lessonAssetIdToProgress[21532].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21532].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[21532].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21532].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Microeconomic Resources: Scarcity & Utility Score: {{cp.lessonAssetIdToProgress[21533].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21533].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[21533].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21533].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Understanding the Challenge of Resource Allocation Score: {{cp.lessonAssetIdToProgress[21534].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21534].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[21534].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21534].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Common Logic Pitfalls in Economics Score: {{cp.lessonAssetIdToProgress[21536].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21536].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[21536].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21536].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Comparing Normative & Positive Economics Score: {{cp.lessonAssetIdToProgress[21538].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21538].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[21538].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21538].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - An Overview of Economic Models & Uses Score: {{cp.lessonAssetIdToProgress[43159].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43159].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[43159].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43159].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Understanding Socialism, Communism, and Mixed Economies: Comparison & Analysis Score: {{cp.lessonAssetIdToProgress[12282].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12282].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[12282].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12282].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(1, 9)}}
Ch 2. Scarcity, Choice & The Production Possibilities Curve {{cp.topicAssetIdToProgress[48232].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Economic Scarcity and the Function of Choice Score: {{cp.lessonAssetIdToProgress[1912].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1912].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1912].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1912].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Opportunity Cost: Definition & Real World Examples Score: {{cp.lessonAssetIdToProgress[1913].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1913].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1913].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1913].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - How to Calculate Opportunity Cost Score: {{cp.lessonAssetIdToProgress[1914].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1914].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1914].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1914].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Applying the Production Possibilities Model Score: {{cp.lessonAssetIdToProgress[1915].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1915].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1915].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1915].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Shifts in the Production Possibilities Curve Score: {{cp.lessonAssetIdToProgress[1916].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1916].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1916].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1916].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Production in Traditional, Market, Command & Mixed Economic Systems Score: {{cp.lessonAssetIdToProgress[48442].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48442].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48442].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48442].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Factors of Production: Definition & Examples Score: {{cp.lessonAssetIdToProgress[48233].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48233].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48233].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48233].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Using the Production Possibility Curve to Illustrate Economic Conditions Score: {{cp.lessonAssetIdToProgress[48234].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48234].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48234].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48234].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(2, 9)}}
Ch 3. Comparative & Absolute Advantage, Specialization & Trade {{cp.topicAssetIdToProgress[48235].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Comparative Advantage: Definition and Examples Score: {{cp.lessonAssetIdToProgress[1919].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1919].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1919].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1919].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Gains From Trade and the Benefit of Specialization Score: {{cp.lessonAssetIdToProgress[1920].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1920].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1920].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1920].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Absolute Advantage in Trade: Definition and Examples Score: {{cp.lessonAssetIdToProgress[1921].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1921].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1921].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1921].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Differentiating between Comparative and Absolute Advantage Score: {{cp.lessonAssetIdToProgress[32909].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[32909].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[32909].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[32909].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(3, 9)}}
Ch 4. Supply, Demand & Market Equilibrium {{cp.topicAssetIdToProgress[48236].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - The Concept of Ceteris Paribus in Economics Score: {{cp.lessonAssetIdToProgress[22951].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22951].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22951].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22951].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Market Demand Schedule Score: {{cp.lessonAssetIdToProgress[1923].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1923].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1923].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1923].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Market Supply Schedule Score: {{cp.lessonAssetIdToProgress[1924].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1924].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1924].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1924].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Understanding the Demand Curve in Microeconomics Score: {{cp.lessonAssetIdToProgress[22952].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22952].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22952].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22952].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - The Supply Curve in Microeconomics Score: {{cp.lessonAssetIdToProgress[22953].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22953].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22953].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22953].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - The Law of the Downward Sloping Demand Curve Score: {{cp.lessonAssetIdToProgress[1925].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1925].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1925].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1925].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - The Upward-Sloping Supply Curve Score: {{cp.lessonAssetIdToProgress[1926].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1926].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1926].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1926].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Causes of Supply and Demand Changes in Microeconomics Score: {{cp.lessonAssetIdToProgress[22954].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22954].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22954].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22954].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Market Equilibrium from a Microeconomics Perspective Score: {{cp.lessonAssetIdToProgress[22955].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22955].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22955].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22955].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Identifying Shortages and Surpluses in Microeconomics Score: {{cp.lessonAssetIdToProgress[22956].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22956].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22956].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22956].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Microeconomic Shifts in Supply and Demand Curves Score: {{cp.lessonAssetIdToProgress[22957].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22957].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22957].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22957].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Using Market Forces to Manipulate Supply and Demand Score: {{cp.lessonAssetIdToProgress[22958].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22958].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22958].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22958].bestScoreQuestions}}  Take Quiz Optional
Lesson 13 - How to Calculate Market Equilibrium Score: {{cp.lessonAssetIdToProgress[1927].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1927].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1927].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1927].bestScoreQuestions}}  Take Quiz Optional
Lesson 14 - How Changes in Supply and Demand Affect Market Equilibrium Score: {{cp.lessonAssetIdToProgress[2362].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2362].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[2362].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2362].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(4, 9)}}
Ch 5. Determining Price in Economics {{cp.topicAssetIdToProgress[48237].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Price Ceilings and Price Floors in Microeconomics Score: {{cp.lessonAssetIdToProgress[22959].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22959].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22959].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22959].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Controlling Supply: Government Intervention & Market Forces Score: {{cp.lessonAssetIdToProgress[22960].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22960].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22960].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22960].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Price Elasticity of Demand in Microeconomics Score: {{cp.lessonAssetIdToProgress[22961].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22961].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22961].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22961].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Cross Price Elasticity of Demand: Definition and Formula Score: {{cp.lessonAssetIdToProgress[22962].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22962].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22962].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22962].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Income Elasticity of Demand in Microeconomics Score: {{cp.lessonAssetIdToProgress[22963].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22963].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22963].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22963].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Price Elasticity of Supply in Microeconomics Score: {{cp.lessonAssetIdToProgress[22964].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22964].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[22964].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22964].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Price Skimming: Definition, Examples & Strategy Score: {{cp.lessonAssetIdToProgress[9534].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9534].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[9534].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9534].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(5, 9)}}
Ch 6. Government Issues in Economics {{cp.topicAssetIdToProgress[48238].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Economic Goals for the US Economy Score: {{cp.lessonAssetIdToProgress[38225].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[38225].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[38225].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[38225].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - The Role of Government in a Market Economy Score: {{cp.lessonAssetIdToProgress[38226].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[38226].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[38226].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[38226].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Government Fiscal Policies: Goals and Influence Score: {{cp.lessonAssetIdToProgress[38227].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[38227].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[38227].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[38227].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Government Intervention in the Economy: Issues & Factors Score: {{cp.lessonAssetIdToProgress[38228].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[38228].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[38228].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[38228].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Principles and Systems of Taxation Score: {{cp.lessonAssetIdToProgress[38229].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[38229].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[38229].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[38229].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Trade Barriers: Impacts on Prices & Demand Score: {{cp.lessonAssetIdToProgress[37361].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37361].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37361].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37361].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Types of Taxes & the US Tax Code: Impact on Microeconomics Score: {{cp.lessonAssetIdToProgress[37362].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37362].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37362].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37362].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Anti-Trust Legislation in the US: History & Impact on the Economy Score: {{cp.lessonAssetIdToProgress[37363].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37363].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37363].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37363].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Governmental Regulation & Deregulation of the Economy Score: {{cp.lessonAssetIdToProgress[37364].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37364].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37364].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37364].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Market Failure: Definition & Causes Score: {{cp.lessonAssetIdToProgress[48239].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48239].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48239].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48239].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(6, 9)}}
Ch 7. Business Organization & Decision Making {{cp.topicAssetIdToProgress[48240].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - What Is a Business Organization? - Structure, Types & Examples Score: {{cp.lessonAssetIdToProgress[8760].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[8760].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[8760].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[8760].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - What is a Sole Proprietorship? - Definition, Advantages, Disadvantages & Examples Score: {{cp.lessonAssetIdToProgress[12713].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12713].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[12713].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12713].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - The Basics of Partnerships: Types & Examples Score: {{cp.lessonAssetIdToProgress[12714].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12714].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[12714].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12714].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - The Basics of LLCs: Limited Liability Companies Score: {{cp.lessonAssetIdToProgress[13049].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13049].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[13049].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13049].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Corporations: Types, Advantages, Disadvantages & Examples Score: {{cp.lessonAssetIdToProgress[12715].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12715].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[12715].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12715].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Franchises: Opportunities and Challenges Score: {{cp.lessonAssetIdToProgress[12717].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12717].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[12717].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12717].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - The Role of Cooperatives in Business Score: {{cp.lessonAssetIdToProgress[12718].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12718].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[12718].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12718].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Entrepreneurship & the Economy: Definition & Importance Score: {{cp.lessonAssetIdToProgress[13951].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13951].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[13951].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13951].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - The Seven Steps of Decision Making Score: {{cp.lessonAssetIdToProgress[14578].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14578].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[14578].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14578].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Principle of Rational Choice in Economics: Theory & Analysis Score: {{cp.lessonAssetIdToProgress[15690].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15690].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[15690].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15690].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Intuitive Decision Making in Business and Management Score: {{cp.lessonAssetIdToProgress[8840].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[8840].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[8840].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[8840].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - How to Calculate Economic Profit: Definition & Formula Score: {{cp.lessonAssetIdToProgress[15684].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15684].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[15684].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15684].bestScoreQuestions}}  Take Quiz Optional
Lesson 13 - Implicit Costs: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15717].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15717].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[15717].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15717].bestScoreQuestions}}  Take Quiz Optional
Lesson 14 - Explicit Costs: Definition & Examples Score: {{cp.lessonAssetIdToProgress[48241].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48241].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48241].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48241].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(7, 9)}}
Ch 8. Producers & Production in Microeconomics {{cp.topicAssetIdToProgress[307459].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - What is Short-Run Production? - Definition & Examples Score: {{cp.lessonAssetIdToProgress[37335].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37335].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37335].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37335].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Total Product, Average Product & Marginal Product in Economics Score: {{cp.lessonAssetIdToProgress[37336].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37336].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37336].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37336].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Identifying Fixed Costs & Variable Costs for Producers Score: {{cp.lessonAssetIdToProgress[37337].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37337].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37337].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37337].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - How to Analyze Mixed Costs Score: {{cp.lessonAssetIdToProgress[82318].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[82318].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[82318].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[82318].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Unit Cost: Definition, Formula & Calculation Score: {{cp.lessonAssetIdToProgress[60653].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[60653].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[60653].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[60653].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - The Law of Diminishing Marginal Returns Score: {{cp.lessonAssetIdToProgress[37338].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37338].bestScoreQuestions}}  Take Quiz Optional
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Lesson 7 - Using the Total Cost Curve to Make Production Decisions in the Short-Run Score: {{cp.lessonAssetIdToProgress[37339].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37339].bestScoreQuestions}}  Take Quiz Optional
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Lesson 8 - Average Cost Vs. Total Cost: Making Production Decisions in the Short-Run Score: {{cp.lessonAssetIdToProgress[37340].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37340].bestScoreQuestions}}  Take Quiz Optional
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Lesson 9 - How Marginal Costs Differ from Average & Total Costs Score: {{cp.lessonAssetIdToProgress[37341].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37341].bestScoreQuestions}}  Take Quiz Optional
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Lesson 10 - Product & Cost Curves: Definitions & Use in Production Possibility Curves Score: {{cp.lessonAssetIdToProgress[37342].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37342].bestScoreQuestions}}  Take Quiz Optional
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Lesson 11 - Understanding Long-Run Production Decisions in Economics Score: {{cp.lessonAssetIdToProgress[37343].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37343].bestScoreQuestions}}  Take Quiz Optional
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Lesson 12 - Short-Run Costs vs. Long-Run Costs in Economics Score: {{cp.lessonAssetIdToProgress[37344].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37344].bestScoreQuestions}}  Take Quiz Optional
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Lesson 13 - What Are Economies of Scale? - Definition & Impact on Fixed Costs Score: {{cp.lessonAssetIdToProgress[37345].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37345].bestScoreQuestions}}  Take Quiz Optional
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Lesson 14 - Activity-Based Costing: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[54320].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54320].bestScoreQuestions}}  Take Quiz Optional
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Lesson 15 - Process Costing: Definition & Examples Score: {{cp.lessonAssetIdToProgress[16058].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16058].bestScoreQuestions}}  Take Quiz Optional
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