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5 Written questions

5 Matching questions

  1. marginal cost
  2. economics
  3. stock
  4. total cost
  5. Disposable income
  1. a income (after taxes) that is available to you for saving or spending
  2. b the increase or decrease in costs as a result of one more or one less unit of output
  3. c something you can invest in to gain money
  4. d the branch of social science that deals with the production and distribution and consumption of goods and services, their management and money
  5. e fixed costs plus variable costs

5 Multiple choice questions

  1. economic model that compares the marginal costs and marginal benefits of a decision
  2. to give away some of your money to support something and in return you get money back
  3. Demand slopes downward, which reduces the amount people are willing to pay for it
  4. a cost that rises or falls depending on how much is produced and how high.low hte demand is
  5. ..., an accounting entry acknowledging income or capital items

5 True/False questions

  1. savea certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money

          

  2. incometo give away some of your money to support something and in return you get money back

          

  3. economic modela smaller scale of a economic system, used to see if the new economy will work

          

  4. wantssomething that is not needed but longed for

          

  5. Consumerisma person who uses goods or services

          

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