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7 Written questions

6 Multiple choice questions

  1. money
  2. cost of 1 item in terms of another item
  3. Natural Resources, Human Resources, Capital, and Enterpernuership
  4. the difference between what it costs to make the item and what it is sold for
  5. 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?
  6. personal budget

6 True/False questions

  1. Interestthe difference between what it costs to make the item and what it is sold for

          

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

          

  3. CapitalMoney and machines; Cost=interest

          

  4. Human Resourcesland, building, and materials that go into the production of the product; Cost=rent

          

  5. 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?

          

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

          

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