1. Problem Test Questions
You have to READ the questions carefully to understand WHY you missed these questions.

2. Question 1
The government of China tells factory managers to increase their use of computers in manufacturing. What economic question is MOST affected by the government’s actions?
What to produce
For whom to produce
How to produce
When to produce
Ask yourself:
What is this question asking you?
What is important in this question?

3. ANSWER 1
The government of China tells factory managers to increase their use of computers in manufacturing. What economic question is MOST affected by the government’s actions?
What to produce
For whom to produce
How to produce
When to produce
Ask yourself:
What is this question asking me?
What’s important in this question?

4. Which of the following is NOT an example of economic decision making?
Question 2
Which of the following is NOT an example of economic decision making?
Using cost-benefit analysis
Building simple models
Writing a thesis statement
Taking small, incremental steps
Ask yourself:
What is this question asking you?
What is important in this question?

5. Which of the following is NOT an example of economic decision making?
Answer 2
Which of the following is NOT an example of economic decision making?
Using cost-benefit analysis
Building simple models
Writing a thesis statement
Taking small, incremental steps
Ask yourself:
What is this question asking you?
What is important in this question?

6. Answer 3 The fundamental problem of economics is:
To establish an equitable system of personal and business taxation
To establish a democratic political framework for the provision of social goods and services
The scarcity of factors of production relative to the unlimited wants of humans
To achieve a more equitable distribution of money income in order to mitigate poverty