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5 Written questions

5 Matching questions

  1. opportunity cost
  2. wants
  3. resources
  4. save
  5. diminishing marginal benefit
  1. a to put money aside for future puposes
  2. b Demand slopes downward, which reduces the amount people are willing to pay for it
  3. c cost in terms of foregone alternatives
  4. d anything that is usable, and natural
  5. e something that is not needed but longed for

5 Multiple choice questions

  1. Something that is greatly need and one/something could not go on with out what is needed
  2. the amount of money you gain or owe over time
  3. the major party to a financial transaction at a stock exchange
  4. the co-option of another person's personal information (e.g., name, social security number, credit card number, passport) without that person's knowledge and the fraudulent use of such knowledge
  5. ..., an accounting entry acknowledging income or capital items

5 True/False questions

  1. Consumerthe theory that an increasing consumption of goods is economically beneficial (sellng more than buying)


  2. budgetto put money aside for future puposes


  3. economic systema smaller scale of a economic system, used to see if the new economy will work


  4. collaterala person who uses goods or services


  5. scarcitya small and inadequate amount and runing out


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