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Matching Post Quiz
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Match the correct answers below.
1


The study of how societies use scarce resources to produce commodities and distribute them among different people.

2


Not enough to satisfy all the wants of society.

3


When limited resources are used most effectively.

4


The study of the behavior of firms, individual markets, and households.

5


The study of the overall economy.

6


Author of "The Wealth of Nations".

7


The fundamental questions of economics.

8


The study of economic questions that can be answered by examining data and making observations.

9


The study of economic questions that can be answered through political debate and decisions.

10


The author of "The General Theory of Employment, Interest and Money".

11


An economy that allows firms and individuals to decide the answers to the three fundamental questions of economic organization.

12


An economy in which government makes all the important economic decisions.

13


The three broad categories of inputs to production.

14


The maximum amounts of production that can be obtained by an economy given technology and inputs to production.

15


Value of the good or service foregone.

Answer choices for questions 1 through 15
A)Microeconomics
B)Macroeconomics
C)Market economy
D)Command economy
E)Land, labor, and capital
F)Economics
G)Scarcity
H)Positive economics
I)Production-possibility frontier (PPF)
J)John Maynard Keynes
K)Adam Smith
L)Efficient
M)Opportunity cost
N)Normative economics
O)How, what, and for whom





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