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7 Written questions

6 Multiple choice questions

  1. Micro and Macro
  2. money
  3. people who make the product or are involved;
  4. 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?
  5. Money and machines; Cost=interest
  6. Traditional, Command, Free Market, and Mixed

6 True/False questions

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


  2. Economicsthe difference between what it costs to make the item and what it is sold for


  3. Entrepreneurshipmoney paid to use someone elses money


  4. Profit MarginWhat you earn back.


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


  6. Scarcitynot being able to purchase what we want