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6 Written questions

6 Multiple choice questions

  1. graph that shows maximum combination of goods and services that can be
  2. military goods, buildings factories, equipment, business computers
  3. food, clothing, shoes, cars, and houses
  4. value of what you give up or what you trade off
  5. bushes of oats, wheat, corn, cotton, oil, sorghum
  6. deals with economics on a national and international scale and factors such GDP, employment issues, inflation, and politics(all compared)

6 True/False questions

  1. society trade offsvalue of what you give up or what you trade off

          

  2. GDPgross domestic product(inside the U.S.) that should increase 2% or 4% a year

          

  3. factors of productionsame factors to produce goods, such as land, labor, capitol and entrepreneurship

          

  4. positive economicsis about facts

          

  5. normativebushes of oats, wheat, corn, cotton, oil, sorghum

          

  6. shortagea lack of wants

          

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