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6 Written Questions

6 Multiple Choice Questions

  1. per unit
  2. contains opinion
  3. gross domestic product(inside the U.S.) that should increase 2% or 4% a year
  4. bushes of oats, wheat, corn, cotton, oil, sorghum
  5. try to maximize utility
  6. military goods, buildings factories, equipment, business computers

6 True/False Questions

  1. opportunity costthe study of how people make choices on how to best use their limited resources to best satisfy their needs and wants

          

  2. microeconomicsdeals with economics on a national and international scale and factors such GDP, employment issues, inflation, and politics(all compared)

          

  3. macroeconomicsdeals with economics on a national and international scale and factors such GDP, employment issues, inflation, and politics(all compared)

          

  4. economicsdeals with economics on a national and international scale and factors such GDP, employment issues, inflation, and politics(all compared)

          

  5. society trade offscountries and government must consider and deal with trade offs in order to provide health care. a country may not be able to support the military

          

  6. shortagea lack of wants

          

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