Economics :)

Is this your test? Login to manage it. If not, you can build a test just like it.

1.
9 points
What are Product Markets?
2.
9 points
When does Economic Growth occur?
3.
9 points
Scarcity is; Unlimited Wants and limited resources (or not having enough resources to produce all things people like to have"
4.
9 points
What does TINSTAFFL mean?
5.
9 points
In order for the U.S. to accommodate people entering the workforce, its GDP needs to grow about ____ per year.
6.
9 points
What are the FOUR factors of Production?
7.
9 points
What are the Factor Markets?
8.
9 points
What does GDP stand for?
9.
9 points
Who said, "Economics is a study of men as they live and move and think in the ordinary business of life."
10.
9 points
What does Trade-Off stand for?
11.
9 points
What does the GDP measure?