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- 1. Multiple Choice
In an economy what three things must take place?
Production, Relocation, Consumption
Production, Distribution, and Consumption
Production, Distribution, and Labeling
- 2. Multiple ChoiceWhat is the fundamental problem of economics?How to keep consumers out of debt?How to fulfill our unlimited wants and needs with limited resources?How to figure out the way to make the most money?How do we ensure all people get a college education?
- 3. Multiple ChoiceWhich of the following is NOT one of the three basic questions of economics when looking at economic systems?What goods should be produced ?What is the price of the goods?How should the goods be produced?Who gets to consume the goods?
- 4. Multiple ChoiceOpportunity Cost is best defined asThe best rejected alternative you give up when making a decisionThe price you pay to purchase somethingThe benefit you gain by making a decisionThe amount of debt you take on by making a decision
- 5. Multiple ChoiceSoil, minerals, air, water, and coal are all examples ofFossil fulesConservationrecyclingnatural resources
- 6. Multiple ChoiceA person that takes a risk by starting a new business.human capitalcapital goodsentreprenuertariff
- 7. Poll
Do you think Economics will make you a good decision maker?
Yes
No
Maybe
Will find out soon...
- Answer choicesTagsAnswer choicesTags