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6 Written Questions

6 Multiple Choice Questions

  1. graph that shows maximum combination of goods and services that can be
  2. same factors to produce goods, such as land, labor, capitol and entrepreneurship
  3. try to maximize utility
  4. deals with economics on a personal level and deals with individual households and businesses.(how a business maximized it's profits for ex.)
  5. per unit
  6. the study of how people make choices on how to best use their limited resources to best satisfy their needs and wants

6 True/False Questions

  1. shortagethe price of a good service is too low and at the lower price too many want to buy.

          

  2. macroeconomicsdeals with economics on a personal level and deals with individual households and businesses.(how a business maximized it's profits for ex.)

          

  3. positive economicsdeals with economics on a personal level and deals with individual households and businesses.(how a business maximized it's profits for ex.)

          

  4. society trade offsvalue of what you give up or what you trade off

          

  5. gunsgross domestic product(inside the U.S.) that should increase 2% or 4% a year

          

  6. scarcitythe price of a good service is too low and at the lower price too many want to buy.

          

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