A.   The production of unlimited goods and services

B.   Fewer options that require choices

C.   Deflation

D.   Poverty and unequal distribution of wealth

A.   The satisfaction or pleasure obtained from producing a good or service

B.   The utilization of economic resources by producers when engaging in production

C.   The utilization of economic resources by consumers when engaging in consumption

D.   The satisfaction or pleasure obtained from consuming a good or service

A.   when opportunity costs are greater than marginal benefits

B.   by examining only marginal benefits

C.   when the marginal benefit is greater than the marginal cost

D.   by examining only marginal costs

A.   Assuming additional factors, other than those under consideration, play a significant role in analysis. Assuming additional factors, other than those under consideration, are given equal consideration

B.   Assuming additional factors, other than those under consideration, play a significant role in analysis. Assuming other things are equal

C.   Assuming other things are equal. Assuming factors other than those being considered in a particular analysis do not change

D.   Assuming factors other than those being considered in a particular analysis do not change. Assuming additional factors, other than those under consideration, are given equal consideration

A.   The level of public debt, The expenditures of a government entity, and Unemployment and inflation rates

B.   The level of public debt and Unemployment and inflation rates

C.   The expenditures of a government entity, Measuring total revenues of a firm, and Measuring the price of specific goods

D.   Measuring the price of specific goods, The level of public debt and Unemployment and inflation rates

A.   Macroeconomics

B.   Microeconomics

A.   Physical

B.   Insatiable

C.   Scarce

D.   Tangible

A.   utility

B.   margin

C.   necessity

D.   accessibility

A.   An evaluation of the unlimited resources used in the production of each good considered

B.   A comparison of marginal benefits and marginal costs for each good considered

C.   The available supply of each good considered

D.   A decision between attainable and unattainable combinations of the goods under consideration

A.   Microeconomics

B.   Macroeconomics

C.   Negative economics

D.   Positive economics

A.   Positive economics

B.   Normative economics

C.   Macroeconomics

D.   Microeconomics

A.   avoids; scientific; actual

B.   encourages; normative; potential

C.   encourages; scientific; actual

D.   encourages; scientific; potential

E.   avoids; normative; actual

A.   when opportunity costs are greater than marginal benefits

B.   when the marginal benefit is greater than the marginal cost

C.   by examining only marginal costs

D.   by examining only marginal benefits

A.   False

B.   True

A.   the economizing problem

B.   a hypothesis

C.   ceteris paribus

D.   the utility problem

A.   Taxes

B.   Spending

C.   Income

D.   Transfers

A.   virtually unlimited wants

B.   virtually unlimited income

C.   extremely limited desires

D.   few unsatisfied wants

A.   budget

B.   desire

C.   expectation

D.   normal

A.   economic growth

B.   scarce economic resources

C.   unlimited economic resources

D.   insatiable wants

A.   A schedule showing various combinations of three or more products a consumer can purchase at different prices.

B.   A curve showing various combinations of two products an economy can produce with a specific amount of resources.

C.   A curve showing various combinations of three or more products a consumer can purchase at different prices.

D.   A curve showing various combinations of two products a consumer can purchase with a specific amount of income.