What Is Economics? Chapter 1 Test

8 Questions  I  By Malik_J on February 14, 2012

  
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1.  What does TINSTAAFL stand for?
A.
B.
C.
D.
2.  What is  the economic problem
A.
B.
C.
D.
3.  What are the four factors of production?
A.
B.
C.
D.
4.  Consumers use goods and servicesto satisfy their
A.
B.
C.
D.
5.  A tree for a hard-wood floor company would be
A.
B.
C.
D.
6.  An irrigational system would be what for a frozen food company
A.
B.
C.
D.
7.  A chainsaw for a lumber company would be what
A.
B.
C.
D.
8.  The scope of economics deals with every thing except
A.
B.
C.
D.
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