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