Economics question, multiple choice help
The situation in which there is not enough of something to satisfy all the desires for that thing is called . . .
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Question 2 (2 points)
The study of the behavior of a nation’s economy is called . . .
Question 3 (2 points)
The three fundamental production questions of an economic organization are . . .
Question 4 (2 points)
________________ is opportunity lost.
Question 5 (2 points)
Labor statistics showing men earn more income than women for the same work is an example of . . .
Question 6 (2 points)
Feeling that woman should be paid the same as men for the same work is an example of . . .
Question 7 (2 points)
A society being on its PPF/PPC implies that the economy is experiencing . . .
Question 8 (2 points)
Where buyers and sellers interact to set prices and make exchanges:
Question 9 (2 points)
Consist of land, labor, and capital:
Question 10 (2 points)
Price X Quality = . . .
Question 11 (2 points)
Opportunity lost is . . .
Question 12 (2 points)
A cost-cutting technological advance in the production of cars will tend to initially cause . . .
Question 13 (2 points)
Wants/needs are to unlimited and resources are . . .
Question 14 (2 points)
Not using resources to the fullest corresponds to being inside the PPC/PPF and using resources to the fullest corresponds to . . .
Question 15 (2 points)
One company’s economy is microeconomics and one country’s economy is . . .
Question 16 (2 points)
Money going out to pay for energy, rent, raw materials, etc. relates to expenses and money coming in from sales of goods and services relates to . . .
Question 17 (2 points)
The three main categories of resources are . . .
Question 18 (2 points)
A shift to the right of the demand curve for X . . .
Question 19 (2 points)
A shift to the right of the supply curve for X . . .
Question 20 (2 points)
The two institutions that have played a major role in reducing poverty around the world and have allowed entrepreneurs to provide goods and services in open markets are . . .