Economics

1/28/22 Weekend Homework


Make sure you have read all of Chapter 1 pages 2 - 14.

Complete the Chapter review questions 1-6 and Application Question #2


Make sure you have the following terms defined:

  1. Economics

  2. insatiability

  3. scarcity

  4. economic cost

  5. good

  6. service

  7. economic good

  8. economic services

  9. intrinsic value

  10. subjective value

  11. opportunity benefit

  12. opportunity cost

  13. microeconomics

  14. macroeconomics

  15. positive economics


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