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4 Written questions

4 Multiple choice questions

  1. Claims that attempt to describe the world as it is
  2. The resources the economy uses to produce goods and services
  3. Households and firms
  4. A graph that shows the combinations of output that the economy can possibly produce given the available factors of production and the available production technology

3 True/False questions

  1. The market for goods and servicesThe resources the economy uses to produce goods and services

          

  2. MacroeconomicsThe study of how households and firms make decisions and how they interact in markets

          

  3. EfficientHouseholds and firms