Unit 1: Goals, Decisions, and Econimic Systems

What are the three basic economic questions?

When using the PACED model to evaluate you

When making a decision, all of the following influence the decision making process except for

Which of the following is NOT a productive resource?

An example of a Traditional economy is

Which of the following is an example of a short term goal

Which is the MOST important in successfully achieving goals

Which of the following would be a COST associated with transitioning

Which of the following is not a characteristic of Scarcity?

If society wishes to achieve Freedom, which economic goal would be traded off?

Which of the following is a factor that influences goals

This type of system relies on the government to make all economic decisions

Which of the following is NOT a rule for improving financial life?

Which of the following is not one of the 6 principles of economic thinking

In the PACED decision making model the "C" stands for

This type of system makes all decisions based on the interactions of consumers and producers

Mrs. Locklear is planning to retire when she is 65. This is an example of

which of the following would be a BENEFIT associated with a transition