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fall2011review1(chapters123) (1)

fall2011review1(chapters123) (1) - Econ201 Principles of...

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Econ201 Principles of Macroeconom ics Dr. Chen 9/2/2011 Multiple Choice Mock Questions for Chapter 1, 2, and 3 1.When a home builder decides to computerize all of its production schedule, it directly answers which of the following question? A. for whom B. what C. where D. how 2. Scarcity 3. Making choices is the result of A. an abundance of productive resources B. how we produce C. scarcity D. waste 4. Economics is defined as the social science that studies
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