5 Written Questions

1. physical objects that someone produces
2. period of slow or negative economic growth
3. branch of social science that deals with the production and distribution and consumption of goods and services
4. a long-term economic state characterized by unemployment and low prices, low levels of trade and investment
5. alternatives that must be given up when on is chosen over another

5 Multiple Choice Questions

1. period of economic growth
   1. recession
   2. depression
   3. inflation
   4. expansion
2. general and progressive increase in prices
   1. expansion
   2. consumption
   3. inflation
   4. recession
3. amount of work each worker can accomplish
   1. production
   2. productivity
   3. recession
   4. profit
4. amount of money left over after expenses are taken out
   1. goods
   2. profit
   3. production
   4. income
5. making of goods and services
   1. productivity
   2. production
   3. consumption
   4. inflation

5 True/False Questions

1. services → amount of money left over after expenses are taken out

   True        False

2. unemployment → represents the percentage of people who want a job but cannot find one

   True        False

3. income → physical objects that someone produces

   True        False

4. consumption → general and progressive increase in prices

   True        False

5. investment → use of resources to increase what you produce

   True        False