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7 Written questions

6 Multiple choice questions

  1. people who make the product or are involved;
    cost=wage
  2. person who puts together the first three factors of production (owns business)
    Cost=profit
  3. the difference between what it costs to make the item and what it is sold for
  4. buying something less expensive to meet a need
  5. money paid to use someone elses money
  6. 1. What will I make?
    2. How will I make it?
    3. Who gets to buy it?
    4. How am I going to distribute my item?

6 True/False questions

  1. Micropersonal budget

          

  2. Capitalnot being able to purchase what we want

          

  3. ScarcityMoney and machines; Cost=interest

          

  4. Macropersonal budget

          

  5. What is Mixed a mix of?Command and Free Market

          

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

          

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