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#1093 Up↑ /60 Down↓ [Report] 2010-03-22 18:24 EDT
// Some questions from Mr. Boericke's econ tests.
Which of the following best describes the relationship between price and demand for a product?
A) Demand varies directly with changes in price.
B) Demand varies inversely with changes in price.
C) Demand is not affected by changes in price.
D) All of the above - demand is a slippery and amorphous thing.
What is a disadvantage of the barter system?
A) Matching needs is an issue (a plumber with a toothache needs to find a dentist with a leaky pipe).
B) There is no store of value.
C) Both of the above answers are correct.
D) There are no disadvantages - barter is still the way God intended us to do business.
What reason do we have for studying perfect competition when competition is never perfect?
A) It is useful to understand the concepts of supply and demand as they relate to price so that the results can be used to model real-world competition, though it may be far from perfect.
B) Americans love competition, perfect or imperfect.
C) There is no reason - this is not the first or last piece of useless information you'll learn in high school.
D) All of the above. -
#1088 Up↑ /66 Down↓ [Report] 2010-03-16 22:32 EDT
// After discussing curling
Citron: Curling is so not a sport!
Student: Yes it is! It requires all these mathematical equations and planning...
Citron: Please, I can make a sport right now. *picks up Hamlet book* It's called booking. *throws book onto bio text book* Yay, I covered the monkey! Score! -
#1084 Up↑ /166 Down↓ [Report] 2010-03-16 03:40 EDT
Ms. Hall to Wacira, who is eating a donut: You're having a donut?
Wacira: It's my lunch period.
Ms. Hall: And you're having a donut?
Wacira: It's all I have time for.
Ms. Hall: Aw, honey, you're gonna starve.
Wacira: It's okay...I have a whole box
*He holds up an entire box of 12 donuts* -
#1082 Up↑ /38 Down↓ [Report] 2010-03-15 23:32 EDT
Ms. Plafker: Hey Sam, shut up.
Sam: I'm sorry Ms. Plafker, I just love your class so much!
*Ms. Plafker roles her eyes*
Ms. Plafker: Oh I'm sorry, are we doing this mutual like thing? Yes, I enjoy you being in my class. But stop raising your hand so much.
