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7 Written questions

6 Multiple choice questions

  1. land, building, and materials that go into the production of the product; Cost=rent
  2. Budget of U.S.
  3. cost of 1 item in terms of another item
  4. Traditional, Command, Free Market, and Mixed
  5. What you earn back.
  6. personal budget

6 True/False questions

  1. Profitthe difference between what it costs to make the item and what it is sold for

          

  2. Human Resourcesland, building, and materials that go into the production of the product; Cost=rent

          

  3. Entrepreneurshipperson who puts together the first three factors of production (owns business)
    Cost=profit

          

  4. What are the 2 types of economics?Micro and Macro

          

  5. Economicsstudy of how we fulfill unlimited wants with limited resources

          

  6. What are the Factors of Production?Natural Resources, Human Resources, Capital, and Enterpernuership