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7 Written questions

6 Multiple choice questions

  1. people who make the product or are involved;
  2. Micro and Macro
  3. study of how we fulfill unlimited wants with limited resources
  4. What you earn back.
  5. buying something less expensive to meet a need
  6. Command and Free Market

6 True/False questions

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


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


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


  4. Opportunity Costnot being able to purchase what we want


  5. Scarcitynot being able to purchase what we want


  6. MicroBudget of U.S.