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Midterm

Econ Midterm review.docx

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School
York University
Department
Economics
Course
ECON 1000
Professor
Sadia Mariam Malik
Semester
Fall

Description
1The fact that human wants cannot be fully satisfied with available resources is called the problem ofaB Scarcity2The problem of Scarcity ExistsaC In all Economies3Scarcity differs from poverty becauseaB wants exceed resources even for the rich4The branch of economics that studies the choilces of individual househodls and firms is calledaB MicroEconomics5Microeconomics studies all of the following except theaC Global Econommics as a Whole6The 2 big economic questionsaE All of the above7The first big economic question about goods and services includes all of the following exceptaB Why produce8The trends over the past 6
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