Economics is first and foremost the study of how to make a lot of money for housholds and businesses.
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Q13: Economists believe people can make better choices
Q14: Economic models are built from words, diagrams,
Q15: A rational person will refrain from taking
Q16: The law of increasing opportunity costs is
Q17: If the supply of resources increases in
Q19: According to the "economic way of thinking,"
Q20: Normative economics involves value judgments that cannot
Q21: The source of the scarcity problem is
Q22: An entrepreneur is a person who organizes,
Q23: For a college student, the opportunity cost
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