If a Student Completes 5 Problems Out of a Total

question 9

Multiple Choice

If a student completes 5 problems out of a total of 8 on a pop quiz, what percentage of the quiz was completed?

• A)0.625
• B)6.25
• C)16.0
• D)62.5

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Definitions:

Equilibrium

The condition that exists when quantity supplied and quantity demanded are equal. At equilibrium, there is no tendency for price to change.

Incentive

A factor, often financial, that motivates individuals or organizations to perform certain actions or behave in a desired way.

Long Run

A period in economics sufficient for all adjustments to be made, including physical capital and not just prices.

Licenses

Official permits to own or do something, typically issued by a government authority.