Economics

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1.
1 point
This causes a change in supply:
2.
1 point
Productivity increases when workers decide to work more ____________.
3.
1 point
A ________ is a basic requirement for survival and includes food, water and shelter.
4.
1 point
GDP stands for __________________________.
5.
1 point
The entire material universe exclusive of people and their products is __________.
6.
1 point
The total production of goods and services created within a country during a calendar year is known as ______________.
7.
1 point
There is no such thing as a free lunch.
8.
1 point
100 people are standing in line to buy x-boxes. There are only 50 available in the store. This is an example of scarcity.
9.
1 point
As prices rise on a demand schedule quantities increase.
10.
1 point
New technology tends to shift the supply curve to the right.