1. Which of the following best describes economics?
2. Which of the following is a basic need for survival?
3. Which of the following is not a factor of production?
4. What happens to the quantity demanded of a good when its price decreases, all else being equal?
5. Which of the following is a cause of inflation?
6. Which of the following can lead to unemployment?
7. Which of the following describes a monopoly?
8. Which of the following is a characteristic of a monopsony?
9. What is profit in economic terms?
10. How is total revenue calculated?
