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7 Written questions

6 Multiple choice questions

  1. money
  2. study of how we fulfill unlimited wants with limited resources
  3. not being able to purchase what we want
  4. land, building, and materials that go into the production of the product; Cost=rent
  5. person who puts together the first three factors of production (owns business)
    Cost=profit
  6. What you earn back.

6 True/False questions

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

          

  2. Micropersonal budget

          

  3. InterestBudget of U.S.

          

  4. What are the 4 economic questions?Traditional, Command, Free Market, and Mixed

          

  5. Trade-Offbuying something less expensive to meet a need

          

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