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6 Written questions

6 Multiple choice questions

  1. try to maximize utility
  2. graph that shows maximum combination of goods and services that can be
  3. military goods, buildings factories, equipment, business computers
  4. gross domestic product(inside the U.S.) that should increase 2% or 4% a year
  5. same factors to produce goods, such as land, labor, capitol and entrepreneurship
  6. deals with economics on a personal level and deals with individual households and businesses.(how a business maximized it's profits for ex.)

6 True/False questions

  1. marginal utilitya lack of wants


  2. butterfood, clothing, shoes, cars, and houses


  3. scarcitya lack of wants


  4. shortagecontains opinion


  5. normativecontains opinion


  6. 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


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