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1. It is derived from the Greek word for large.
A
macro
B
micro
C
scarce
2. It investigates how scarce resources are allocated within the economy as a whole.
A
Macroeconomics
B
Microeconomics
C
Economics
3. It occurs because human wants exceed the production posible with our limited time and resources.
A
scarcity
B
unemployment
C
efficiency
4. It exists in all situations where available resources are not abundant enough to satisfy all our desires.
A
opportunity cost
B
efficient
C
monopoly
5. It is the study of how people allocate their limited resources to try to satisfy their unlimited wants.
A
Economics
B
Microeconomics
C
Macroeconomics
6. it studies the economic behavior of individual firms.
A
Microeconomics
B
Economics
C
Macroeconomics
7. They are the inputs we use to produce final goods or services.
A
factors of production
B
goals
C
resources
8. land and capital are refered to ..
A
material resources
B
human resources
C
natural resources
9. labor and entrepreneurship ability refer to..
A
human resources
B
natural resources
C
material resources
10. the efforts of a worker,alawyer or a representative who works for a business
A
labor
B
employment
C
efficiency