first partial / Economy

1) What is economic?

• a) The study of the  choices people make to satisfy wants and needs with a limited supply of resources 

• b) The study of the price of goods and services

• c) The study of satisfy wants and needs

• d) Is the resources

2) In economics, what is the service?

• a) The resources

• b) An action provided to us

• c) A product

• d) A study the action 

3) In economics, what is good?

• a) The resources

• b) A physical product we can hold and touch

• c) a service

• d) a study the action

4) In economics, what is a resource?

• a) Anything used to get or create goods and services

• b) Service

• c) Products

• d) The study of the action

5) Examples of microeconomics

• a) Inflation, economic growth and unemployment

• b) Inequality in distribution of income

• c) Profits, price, demand

• d) All

6) Examples of macroeconomic

• a) Consumer behavior

• b) Government taxation of Harmful products

• c) Inflation, economic growth

• d) All

7) Examples of economic issues

• a) Internal economic

• b) External economic

• c) Covid-19

• d) Demand

8) Principles of economics:

• a) Scarcity

• b) Opportunity cost and benefit cost

• c) Comparative advantage

• d) All

9) Scarcity affects the monetary value people place on goods and services and how governments and private firms decide to distribute resources.

• a) True

• b) False

10) The goods and services of any country aren’t limited, which can lead to scarcity.

• a) True

• b) False