Fundamental Economic Concepts: Basic Principles — Test

Question 1

One of the three economic questions deals with deciding

Revolt · Accepted Answer

what goods and services should be produced.

Question 2

What is one way that technology can improve the distribution of goods?

Revolt · Accepted Answer

Container ships can transport a number of goods at once.

Question 3

The fact that Samira may miss out on a scholarship opportunity by staying on the freshman team illustrates

Revolt · Accepted Answer

a tradeoff.

Question 4

In what time period did hydroelectric power usage reach its peak?

Revolt · Accepted Answer

2000–2010

Question 5

What will be the topic of the essay?

Revolt · Accepted Answer

the free enterprise system

Fundamental Economic Concepts: Basic Principles — Test Answers