economics 3

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Which of the following statements is not true?



A difference between biology and economics is that



The distinction between microeconomics and macroeconomics is



The primary purpose of economics is to understand how people make



Which factor of production includes water?




The saying that You cannot have your cake and eat it too illustrates, the economic concept of




Extremely cold winter weather destroys oranges on the trees in Florida. The freeze caused



Juanita has just opened a new business selling pet supplies through the Internet.



Which of the following statements is not true about opportunity cost?



Which of the following sets of terms are closely connected in economics?



Which of the following statements indicates the idea of trade-offs?



Which of the following is NOT considered to be a resource?




The opportunity cost of a decision is the




Technology is



If a country increased the production of its capital goods then



Division of labor



In economic analysis, people's resources are



Microeconomics is defined as that part of economic analysis that



One topic of study for a microeconomist would be the



Economists assume that people are motivated by



Which of the following statements about economic models is true?



Which of the following statements is TRUE?



The difference between scarcity and a shortage is that



Fred and Ann both decide to see the same movie when they are given free movie tickets. We
know that




 
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