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6 Written questions

6 Multiple choice questions

  1. countries and government must consider and deal with trade offs in order to provide health care. a country may not be able to support the military
  2. is about facts
  3. a lack of wants
  4. the study of how people make choices on how to best use their limited resources to best satisfy their needs and wants
  5. same factors to produce goods, such as land, labor, capitol and entrepreneurship
  6. value of what you give up or what you trade off

6 True/False questions

  1. microeconomicsdeals with economics on a national and international scale and factors such GDP, employment issues, inflation, and politics(all compared)


  2. shortagecontains opinion


  3. commoditybushes of oats, wheat, corn, cotton, oil, sorghum


  4. buttermilitary goods, buildings factories, equipment, business computers


  5. opportunity costbushes of oats, wheat, corn, cotton, oil, sorghum


  6. normativecontains opinion