Scarcity- The limited nature of societys resources
Needs/Wants- Needs would be defined as goods or services that are required. Wants are goods or
services that are not necessary but that we desire or wish for.
Production Possibilities Curve-a graph
40 Question Multiple Choice
1. Refer to the graph. Which of the following would most likely cause an increase in real
rates illustrated on this graph?
_ (A) expectations of economic growth
_ (B) expectations of inflation
_ (C) a
Juan is single and lives at home with his parents. He has no combat service and received
no unemployment compensation. Fill out the 1040EZ for Juan.
3500 South 12th Avenue
Tucson, AZ 85713
ABC Bank of Tucson
* ANSWER KEY *
1. Consumption, a component of expenditures, is most dependent on
_ (A) Business profit
_ (B) Wealth
_ (C) Advertising
_ (D) Exports
_X_ (E) Income
2. The amount of Consumption that occurs regardless of disposable income is cal
Recollections of Pine Gulch
1. In the beginning of the story, what did the people of Pine Gulch use for money?
a. Gold and gold dust
b. Slims original receipts
c. Slims new receipts printed on wild green paper with wild pink ink.
d. U.S. go
The annual Gross Domestic Product of a country a measure of
Unit 3: CPI Webquest
Please complete the following webquest. Once you have finished please submit to the Unit 3: CPI
Part #1: Answer the following questions using this Web site:
1. List five goods and s