Basic Econ Concepts Review

Which of the following is an example of a normative (opinion based) statement?

Name the movie!

Who is the music artist who sings/raps this song?

The production possibilities graph below shows which type of opportunity cost?

In this graph,___________________is taking place

Name this 1980's Class Movie!!!!

What production point is not possible in this production possibilities graph?

In the following production possibilities graph, which combinations represents 100% efficiency?

Which branch of Economics deals with "big picture" items such as government spending?

Based on what you know about production possibilities, this data reflects the concept of_____. 

A nation or a business will use ___to look at what it can possibly produce with fixed resources

What must we ALWAYS assume is true in economics?

In Economics, your______________ is your lost opportunity or next best choice/alternative.

The four factors of production are the resources of land, capital, entrepreneurship, and

What game introduced this reptilian projectile in 1996?

What is the opportunity cost in moving from point A to point D?

The purpose of Economics is to study the always-present issue of__________in the world.

In the Production Possibilities Curve , what does the letter H represent?

This branch of Economics deals with individual consumer and business choice.

What 80s band sings this song?