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7 Written Questions

6 Multiple Choice Questions

  1. money
  2. money paid to use someone elses money
  3. Money and machines; Cost=interest
  4. Budget of U.S.
  5. land, building, and materials that go into the production of the product; Cost=rent
  6. cost of 1 item in terms of another item

6 True/False Questions

  1. Profitpersonal budget


  2. Micropersonal budget


  3. What are the 2 types of economics?Micro and Macro


  4. What are the 4 economic systems?1. What will I make?
    2. How will I make it?
    3. Who gets to buy it?
    4. How am I going to distribute my item?


  5. ScarcityMoney and machines; Cost=interest


  6. Trade-Offbuying something less expensive to meet a need


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