economics 3
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2.
Which of the following statements is
not true?
3.
A difference between biology and economics is that
4.
The distinction between microeconomics and macroeconomics is
5.
The primary purpose of economics is to understand how people make
6.
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7.
The saying that You cannot have your cake and eat it too illustrates, the economic concept of
8.
Extremely cold winter weather destroys oranges on the trees in Florida. The freeze caused
9.
Juanita has just opened a new business selling pet supplies through the Internet.
10.
Which of the following statements is not true about opportunity cost?
11.
Which of the following sets of terms are closely connected in economics?
12.
Which of the following statements indicates the idea of trade-offs?
13.
Which of the following is NOT considered to be a resource?
14.
The opportunity cost of a decision is the
15.
Technology is
16.
If a country increased the production of its capital goods then
17.
Division of labor
18.
In economic analysis, people’s resources are
19.
Microeconomics is defined as that part of economic analysis that
20.
One topic of study for a microeconomist would be the
21.
Economists assume that people are motivated by
22.
Which of the following statements about economic models is true?
23.
Which of the following statements is TRUE?
24.
The difference between scarcity and a shortage is that
25.
Fred and Ann both decide to see the same movie when they are given free movie tickets. We
know that |
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