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Quiz Unit One - Introduction to Economics


MidnightHorror
797 played - 11 yrs ago
A quiz for economics
 
QCM 7 QUESTIONS
hard
1

What is the basic problem that economics addresses?

2

Choose all of the natural resources from the list below.

3

Which of the following is an example of a good?

4

What is an opportunity cost?

5
According to the picture, which of the points represents an inefficient way to produce wine and cotton?

According to the picture, which of the points represents an inefficient way to produce wine and cotton?

6

Refering to the picture in question five, what point or points represent an impossible production level?

7

Using question five's picture, what point (or points) is (are) the most efficient?


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