MULTIPLE CHOICE. Circle the correct answer to each question.

4.Entrepreneurship is part of which scarce economic resource

a) human

b) natural

c) financial

d) capital

5.Which scarce economic resource has an interest as compensation

a) capital

b) financial

c) natural

d) human

6.Economic growth and environmental sustainability are examples of

a) complementary economic goals

b) conflicting economic goals

c) contradictory economic goals

d) unattainable economic goals

11. In order to achieve unattainable outputs, an economy could

a) increase immigration

b) invest in machinery

c) find more efficient ways to produce

d) all of the above

12.The statement: if income rises, prices will also rise is an example of

a) normative economics

b) positive economics

c) proportional economics

d) neoclassical economics

13. A point inside the PPC curve is an indication of

a) unemployed resources

b) misallocation of resources

c) both a) and b)

d) none of the above