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UNIT 1 Microeconomics SAMPLE QUESTIONS MULTIPLE-CHOICE

SAMPLE MULTIPLE-CHOICE QuestionsAdvanced Placement Economics Microeconomics :Student Activities National Council on economic Education,New York, the letter ofeach correct crucial problem ofeconomics is(A)establishing a fair tax system.(B)providing social goods and services.(C)developing a price mechanism that reflectsthe relative scarcities ofproducts andresources.(D)allocating scarce productive resources tosatisfy wants.(E)enacting a set oflaws that protectsresources from one decision is made,the next best alter-native not selected is called(A) economic resource.

Sample Multiple-Choice Questions Advanced Placement Economics Microeconomics: Student Activities © National Council on Economic Education, New York, N.Y. 35 Circle ...

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