Unit 1 review

If Georgia's PPC increases due to more educated labor force, what economic goal did they achieve?

Which one is human capital?

ATF and FDA are an example of..

The government acts as a safety net to help people. Which one doesn't apply?

Voluntary exchange is...

Which one is a public good and why?

If a store advertises a product and they say it's first come first serve, what concept is that an example of?

What is scarcity?

Economic freedom is the right to choose. Which economic system doesn't usually allow freedom to choose?

Which is NOT a reason Christopher decided to open a gun store?

In an assembly line, the factory's productivity has increased because...

What is a major advantage for a business to operate in specialization?

When computers were discovered that led to a huge increase in productivity. What did this lead to?

Why are teachers paid more than para's

When a country''s PPC increase due to workers gaining skills in computers, what is the cause of the growth?