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7 Written questions

6 Multiple choice questions

  1. personal budget
  2. Natural Resources, Human Resources, Capital, and Enterpernuership
  3. buying something less expensive to meet a need
  4. Traditional, Command, Free Market, and Mixed
  5. study of how we fulfill unlimited wants with limited resources
  6. money paid to use someone elses money

6 True/False questions

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

          

  2. What are the 2 types of economics?Natural Resources, Human Resources, Capital, and Enterpernuership

          

  3. limited resourcesmoney

          

  4. Macropersonal budget

          

  5. CapitalMoney and machines; Cost=interest

          

  6. Profit MarginWhat you earn back.