Unit 1

The sewing machines used in a clothing factory would be an example of...

The study of economics is primarily concerned with which of the following?

Which is an example of voluntary exchange?

Why are incentives effective?

What is a rational decision?

Which of the following is not a scarce economic resource?

Why do you go to a doctor instead of a dentist when you're sick?

In which economic system do we see no consumer sovereignty?

What does going to school build?

The fundamental problem of economics is

What can we tell from this curve?

Which is not a fundamental question of economics?

Which of the following is not a factor of production?

How can consumers influence markets?

You could study or hang w/ friends, you chose to hang w/ friends, what's your opportunity cost?

Eh works on an assembly line. Eh’s job illustrates a production process that relies on

Which economic system has no government intervention?

If a point is inside the PPC, which of the following is true?

Microsoft's Bill Gates is the world’s richest person. The origin of Gates’ fortune is from his

How can you make yourself more attractive to a business? (get hired easier)

If we move from point A to point B, what is the opportunity cost?

Which would consumers MOST OFTEN need to consider when making a rational decision?