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7 Written questions

6 Multiple choice questions

  1. people who make the product or are involved;
    cost=wage
  2. person who puts together the first three factors of production (owns business)
    Cost=profit
  3. money
  4. Micro and Macro
  5. money paid to use someone elses money
  6. Command and Free Market

6 True/False questions

  1. Economicsnot being able to purchase what we want

          

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

          

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

          

  4. Profitpersonal budget

          

  5. Profit MarginWhat you earn back.

          

  6. Opportunity Costcost of 1 item in terms of another item

          

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