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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. the price of a good service is too low and at the lower price too many want to buy.
  3. a lack of wants
  4. graph that shows maximum combination of goods and services that can be
  5. value of what you give up or what you trade off
  6. per unit

6 True/False questions

  1. commoditycontains opinion


  2. consumer satisfactionsame factors to produce goods, such as land, labor, capitol and entrepreneurship


  3. macroeconomicsdeals with economics on a personal level and deals with individual households and businesses.(how a business maximized it's profits for ex.)


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


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


  6. opportunity costevery decision we make has a cost and most desirable alternative given up as the result of a decision