economics 3

  2.Which of the following statements is not true?3.A difference between biology and economics is that4.The distinction between microeconomics and macroeconomics is5.The primary purpose of economics is to understand how people make6.Which factor of production includes water?7.The saying that You cannot have your cake and eat it too illustrates, the economic concept of8.Extremely cold winter weather destroys oranges on the trees in Florida. The freeze caused9.Juanita has just opened a new business selling pet supplies through the Internet.10.Which of the following statements is not true about opportunity cost?11.Which of the following sets of terms are closely connected in economics?12.Which of the following statements indicates the idea of trade-offs?13.Which of the following is NOT considered to be a resource?14.The opportunity cost of a decision is the15.Technology is16.If a country increased the production of its capital goods then17.Division of labor18.In economic analysis, people’s resources are19.Microeconomics is defined as that part of economic analysis that20.One topic of study for a microeconomist would be the21.Economists assume that people are motivated by22.Which of the following statements about economic models is true?23.Which of the following statements is TRUE?24.The difference between scarcity and a shortage is that25.Fred and Ann both decide to see the same movie when they are given free movie tickets. Weknow that 11 years ago10.07.20135Report issue