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MTTC Economics (007): Practice & Study Guide

  • Course type: Self-paced
  • Available Lessons: 342
  • Average Lesson Length: 8 min
  • Eligible for Certificate: Yes

    Certificates show that you have completed the course. They do not provide credit.

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    What is Economics? - Definition & Types

  • MTTC Economics (007): Practice & Study Guide Practice Test
  • This course can be found in: MTTC Test Prep

    Thousands of practice questions, 40+ MTTC study guides, and 7,000+ test prep video lessons

Course Summary

Boost your confidence for the MTTC (Michigan Test for Teacher Certification) Economics exam by reviewing the text and video lessons in this course. Easy-to-follow, informative lessons outline the topics you could find on the test so you can do your best.
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38 chapters in MTTC Economics (007): 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, 38)}}
Ch 1. Economic Concepts & Terminology {{cp.topicAssetIdToProgress[48424].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 - Major Figures in the Development of the Field of Economics Score: {{cp.lessonAssetIdToProgress[48425].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48425].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48425].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48425].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - 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, 38)}}
Ch 2. Impact of Historical Events on the Economy {{cp.topicAssetIdToProgress[48426].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - The Evolution of Economy: Changes from the Agricultural and Industrial Revolutions Score: {{cp.lessonAssetIdToProgress[2825].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2825].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[2825].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2825].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Life in the South: Ordered Society and Economy of the Southern States Score: {{cp.lessonAssetIdToProgress[1446].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1446].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1446].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1446].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Economic Developments in the North: A Commercial Revolution Score: {{cp.lessonAssetIdToProgress[1444].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1444].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1444].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1444].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Slavery in America: Cotton, Slave Trade and the Southern Response Score: {{cp.lessonAssetIdToProgress[1447].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1447].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1447].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1447].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - How the Civil War Affected the Economy and Everyday Life in the North and South Score: {{cp.lessonAssetIdToProgress[1468].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1468].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1468].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1468].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - The Great Depression: The Wall Street Crash of 1929 and Other Causes Score: {{cp.lessonAssetIdToProgress[10065].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10065].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[10065].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10065].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - America During the Great Depression: The Dust Bowl, Unemployment & Cultural Issues Score: {{cp.lessonAssetIdToProgress[10066].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10066].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[10066].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10066].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Franklin D. Roosevelt and the First New Deal: The First 100 Days Score: {{cp.lessonAssetIdToProgress[10068].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10068].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[10068].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10068].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Franklin D. Roosevelt and the Second New Deal Score: {{cp.lessonAssetIdToProgress[10069].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10069].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[10069].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10069].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(2, 38)}}
Ch 3. Impact of Geography on Economics {{cp.topicAssetIdToProgress[48428].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - The Effects of Environmental Factors on Economic Development Score: {{cp.lessonAssetIdToProgress[48429].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48429].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48429].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48429].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Impact of Economic Ideas on Political & Human Geography Score: {{cp.lessonAssetIdToProgress[48431].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48431].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48431].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48431].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - How Geographical Features Impact Economic Activity Score: {{cp.lessonAssetIdToProgress[48432].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48432].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48432].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48432].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - How Human Activity Affects the Development of Economic Systems Score: {{cp.lessonAssetIdToProgress[48433].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48433].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48433].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48433].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(3, 38)}}
Ch 4. Structure of Local & Federal Governments {{cp.topicAssetIdToProgress[48434].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - What is Federalism? - Definition & Factors of U.S. Adoption Score: {{cp.lessonAssetIdToProgress[19110].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[19110].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[19110].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[19110].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - What Is the Rule of Law? - Definition & Principle Score: {{cp.lessonAssetIdToProgress[3547].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[3547].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[3547].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[3547].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - The US Constitution: Preamble, Articles and Amendments Score: {{cp.lessonAssetIdToProgress[1412].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1412].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1412].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1412].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Constitutional Provisions for Limited Government Score: {{cp.lessonAssetIdToProgress[21159].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21159].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[21159].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21159].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Major Components of the Michigan State Constitution Score: {{cp.lessonAssetIdToProgress[48435].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48435].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48435].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48435].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Federal Controls on State Governments: Mandates and Federal Court Rulings Score: {{cp.lessonAssetIdToProgress[20424].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20424].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[20424].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20424].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - What Is Local Government? - Definition, Responsibilities & Challenges Score: {{cp.lessonAssetIdToProgress[19116].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[19116].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[19116].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[19116].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - What Is State Government? - Powers, Responsibilities & Challenges Score: {{cp.lessonAssetIdToProgress[19117].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[19117].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[19117].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[19117].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(4, 38)}}
Ch 5. Government & Economic Systems {{cp.topicAssetIdToProgress[48436].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - What is Government? - Definition, Role & Functions Score: {{cp.lessonAssetIdToProgress[20084].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20084].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[20084].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20084].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - A Capitalist Plan for a World Economy & the Soviet Alternative Score: {{cp.lessonAssetIdToProgress[32201].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[32201].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[32201].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[32201].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - What is Democracy? - Definition, Types & Principles Score: {{cp.lessonAssetIdToProgress[20092].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20092].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[20092].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20092].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Capitalism, Pluralism & Democracy: Definitions & Differences Score: {{cp.lessonAssetIdToProgress[27019].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[27019].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[27019].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[27019].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - What is the Free Enterprise System? - Definition & Examples Score: {{cp.lessonAssetIdToProgress[15663].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15663].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[15663].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15663].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - The Modern Economy: Primary, Secondary & Tertiary Sectors Score: {{cp.lessonAssetIdToProgress[2826].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2826].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[2826].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2826].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - How Nationalism Impacts World Politics Score: {{cp.lessonAssetIdToProgress[25637].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[25637].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[25637].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[25637].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Fascism: Characteristics, History & Rise Score: {{cp.lessonAssetIdToProgress[17134].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[17134].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[17134].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[17134].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(5, 38)}}
Ch 6. Democratic Values & Society {{cp.topicAssetIdToProgress[48437].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - The Core Principles of American Government Score: {{cp.lessonAssetIdToProgress[20086].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20086].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[20086].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20086].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - America's Core Values: Liberty, Equality & Self-Government Score: {{cp.lessonAssetIdToProgress[20088].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20088].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[20088].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20088].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - 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 4 - How to Discuss Matters of Public Concern Score: {{cp.lessonAssetIdToProgress[48438].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48438].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48438].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48438].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Making Reasonable & Informed Decisions on Public Issues Score: {{cp.lessonAssetIdToProgress[48439].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48439].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48439].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48439].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - How to Evaluate Reasoning Score: {{cp.lessonAssetIdToProgress[1332].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1332].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1332].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1332].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - How to Structure an Argument in Your Essay Score: {{cp.lessonAssetIdToProgress[1363].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1363].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1363].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1363].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - What are Logical Fallacies? - Define, Identify and Avoid Them Score: {{cp.lessonAssetIdToProgress[2693].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2693].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[2693].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2693].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Self-Serving Bias: Definition & Examples Score: {{cp.lessonAssetIdToProgress[7189].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7189].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[7189].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7189].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Interpreting Visual Displays of Economic Information Score: {{cp.lessonAssetIdToProgress[48334].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48334].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48334].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48334].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Interpreting Supply & Demand Graphs Score: {{cp.lessonAssetIdToProgress[48335].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48335].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48335].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48335].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Strategies to Organize & Present Economic Information Score: {{cp.lessonAssetIdToProgress[48336].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48336].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48336].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48336].bestScoreQuestions}}  Take Quiz Optional
Lesson 13 - Evaluating the Economic Implications of Current Events Score: {{cp.lessonAssetIdToProgress[48337].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48337].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[48337].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48337].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(6, 38)}}
Ch 7. Government Impact on Economics {{cp.topicAssetIdToProgress[48440].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
Week {{::cp.getGoalWeekForTopic(7, 38)}}
Ch 8. Basics of Measuring the Economy {{cp.topicAssetIdToProgress[261073].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Circular Flow of Economic Activity: The Flow of Goods, Services & Resources Score: {{cp.lessonAssetIdToProgress[1929].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1929].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1929].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1929].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Gross Domestic Product: Using the Income and Expenditure Approaches Score: {{cp.lessonAssetIdToProgress[1930].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1930].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1930].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1930].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Gross Domestic Product: Definition and Components Score: {{cp.lessonAssetIdToProgress[1931].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1931].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1931].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1931].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Gross Domestic Product: Items Excluded from National Production Score: {{cp.lessonAssetIdToProgress[2363].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2363].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[2363].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2363].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Investment vs. Investments in Economics Score: {{cp.lessonAssetIdToProgress[1933].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1933].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1933].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1933].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(8, 38)}}
Ch 9. Scarcity, Opportunity Cost & Production Possibilities {{cp.topicAssetIdToProgress[48441].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(9, 38)}}
Ch 10. 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
Score: {{cp.lessonAssetIdToProgress[37338].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37338].bestScoreQuestions}}  Take Quiz Optional
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
Score: {{cp.lessonAssetIdToProgress[37339].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37339].bestScoreQuestions}}  Take Quiz Optional
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
Score: {{cp.lessonAssetIdToProgress[37340].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37340].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - How Marginal Costs Differ from Average & Total Costs Score: {{cp.lessonAssetIdToProgress[37341].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37341].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37341].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37341].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Product & Cost Curves: Definitions & Use in Production Possibility Curves Score: {{cp.lessonAssetIdToProgress[37342].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37342].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37342].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37342].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Understanding Long-Run Production Decisions in Economics Score: {{cp.lessonAssetIdToProgress[37343].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37343].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37343].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37343].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Short-Run Costs vs. Long-Run Costs in Economics Score: {{cp.lessonAssetIdToProgress[37344].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37344].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37344].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37344].bestScoreQuestions}}  Take Quiz Optional
Lesson 13 - What Are Economies of Scale? - Definition & Impact on Fixed Costs Score: {{cp.lessonAssetIdToProgress[37345].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37345].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37345].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37345].bestScoreQuestions}}  Take Quiz Optional
Lesson 14 - Activity-Based Costing: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[54320].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54320].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[54320].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54320].bestScoreQuestions}}  Take Quiz Optional
Lesson 15 - Process Costing: Definition & Examples Score: {{cp.lessonAssetIdToProgress[16058].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16058].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[16058].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16058].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(10, 38)}}
Ch 11. 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(11, 38)}}
Ch 12. Price Determination & Elasticity {{cp.topicAssetIdToProgress[48443].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
Week {{::cp.getGoalWeekForTopic(12, 38)}}
Ch 13. Economic Market Structures {{cp.topicAssetIdToProgress[307465].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Perfect Competition in Economics & Adam Smith's 'Invisible Hand' Score: {{cp.lessonAssetIdToProgress[37347].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37347].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37347].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37347].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - What is a Monopoly in Economics? - Definition & Impact on Consumers Score: {{cp.lessonAssetIdToProgress[37348].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37348].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37348].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37348].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Understanding Monopolistic Competition in Economics Score: {{cp.lessonAssetIdToProgress[37349].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37349].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37349].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37349].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Natural Monopoly in Economics: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15662].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15662].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[15662].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15662].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - What is an Oligopoly? - Definition & Impact on Consumers Score: {{cp.lessonAssetIdToProgress[37350].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37350].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37350].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37350].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Understanding a Command System in Economics Score: {{cp.lessonAssetIdToProgress[37352].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37352].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37352].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37352].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Capitalism and the Free Market: Definition & Limitations Score: {{cp.lessonAssetIdToProgress[12280].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12280].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[12280].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12280].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - What is Game Theory? - Explanation & Application in Economics Score: {{cp.lessonAssetIdToProgress[37353].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37353].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37353].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37353].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Nash Equilibrium & Game Theory Score: {{cp.lessonAssetIdToProgress[37354].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37354].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[37354].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37354].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Barriers to Entry in Economics: Definition, Types & Examples Score: {{cp.lessonAssetIdToProgress[15673].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15673].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[15673].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15673].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(13, 38)}}
Ch 14. Business Types & Decision Making {{cp.topicAssetIdToProgress[48444].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - 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 2 - 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 3 - 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 4 - 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 5 - 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 6 - 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 7 - 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 8 - 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 9 - 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 10 - 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 11 - 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 12 - 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(14, 38)}}
Ch 15. Understanding Economic Growth and Productivity {{cp.topicAssetIdToProgress[260781].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Economic Growth: How to Raise a Nation's Potential Output Score: {{cp.lessonAssetIdToProgress[2471].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2471].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[2471].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2471].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - How Real GDP per Capita Affects the Standard of Living Score: {{cp.lessonAssetIdToProgress[2472].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2472].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[2472].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2472].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Productivity: The Economy's Long-Run Growth Engine Score: {{cp.lessonAssetIdToProgress[1976].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1976].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1976].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1976].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Investment in Human Capital and Productivity Score: {{cp.lessonAssetIdToProgress[1977].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1977].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1977].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1977].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Physical Capital: Definition and Effects on Productivity Score: {{cp.lessonAssetIdToProgress[1978].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1978].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1978].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1978].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - How Technology, Research & Development Affect Productivity Score: {{cp.lessonAssetIdToProgress[1980].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1980].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1980].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1980].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Growth Policy and Economic Productivity Score: {{cp.lessonAssetIdToProgress[1981].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1981].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1981].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1981].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - National Income Accounting Score: {{cp.lessonAssetIdToProgress[82080].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[82080].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[82080].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[82080].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(15, 38)}}
Ch 16. Inflation & Adjustment in Economics {{cp.topicAssetIdToProgress[247975].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Consumer Price Index: Measuring the Cost of Living and Inflation Score: {{cp.lessonAssetIdToProgress[1935].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1935].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1935].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1935].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - The GDP Deflator and Consumer Price Index Score: {{cp.lessonAssetIdToProgress[1936].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1936].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1936].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1936].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Consumer Price Index and the Substitution Bias Score: {{cp.lessonAssetIdToProgress[1937].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1937].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1937].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1937].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Adjusting Wages for the Inflation Rate Score: {{cp.lessonAssetIdToProgress[1938].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1938].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1938].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1938].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Gross Domestic Product: Nominal vs. Real GDP Score: {{cp.lessonAssetIdToProgress[1939].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1939].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[1939].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1939].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Gross Domestic Product: How to Calculate Real GDP