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7 Written questions

6 Multiple choice questions

  1. money paid to use someone elses money
  2. What you earn back.
  3. cost of 1 item in terms of another item
  4. Natural Resources, Human Resources, Capital, and Enterpernuership
  5. people who make the product or are involved;
    cost=wage
  6. the difference between what it costs to make the item and what it is sold for

6 True/False questions

  1. What are the 2 types of economics?Natural Resources, Human Resources, Capital, and Enterpernuership

          

  2. Natural Resourcespeople who make the product or are involved;
    cost=wage

          

  3. CapitalMoney and machines; Cost=interest

          

  4. Entrepreneurshipperson who puts together the first three factors of production (owns business)
    Cost=profit

          

  5. Trade-Offthe difference between what it costs to make the item and what it is sold for

          

  6. What are the 4 economic questions?Traditional, Command, Free Market, and Mixed

          

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