Basic Microeconomics

1. What B in Basic Microeconomics means exchange of goods to goods?

2. What A in Basic Microeconomics states that Macro studies the totality or __________.

3. What word in BASIC MICROECONOMICS _________________ means that there are more demands than supply?

4. What I in BASIC MICROECONOMICS states that if price decreases, quantity demanded ___________________.

5. What C in BASIC MICROECONOMICS states that this is a factor of production?_________________

6. What M in BASIC MICROECONOMICS states that this ___________studies inflation, unemployment, international trade etc.?

7. What I in BASIC MICROECONOMICS states that change in demand is determined by change in _____________.

8. What C in BASIC MICROECONOMICS states that they are users of the producers' goods.__________________

9. What R in BASIC MICROECONOMICS states that land resources earn an income called_______________.

10. What O in BASIC MICROECONOMICS states that it is the value of the next best alternative thing that could have been done.