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Name: _Practice Exam 1_ Date: _Econ 2100_
1. A new fast-food restaurant offered a free meal (valued at $5) a week for a year to its first
100 customers. Ramona camped out for 48 hours before the opening to be one of the
first 100 customers. The cost of th
Name: _PRACTICE EXAM #1_ Date: _FALL 2016_
1. The problem of determining what goods and services society should produce:
A) exists because we can produce more than we need or want.
exists because there are not enough resources to provide all of the