Econ Test 1 Review

Which economist coined the term, "The invisible hand"

A pizza oven for P-main is considered under which of the factors of production?

The money earned by a company AFTER you subtract expenses (costs) is called

Which of the following would shift your PP curve to the LEFT

What do people in Norway and Sweden trade to get so much parental leave time?

The opportunity cost of 4 years of college would be

The economy of North Korea is best classified as

On a production possibilities frontier, points outside of the curve (to the right) are

Of the following, which is scarce?

The total money a company takes in from sales of a product

The US economy is best classified as

Which of the following is NOT one of the 4 pillars of free enterprise

Coal for your power plant is considered under which factor of production?