1 .		The process by which resources are transformed into useful forms is:
2 .		The concept of choice would become irrelevant if:
3 .		Which of the following is not a resource as the term is used by economists?
4 .		Capital, as economists use the term,
5 .		A study of how increases in the corporate income tax rate will affect the national unemployment rate is an example of:
6 .		Studying decisions made by individual households and businesses is called:
7 .		Aggregate supply is the total amount:
8 .		The total demand for goods and services in an economy is known as:
9 .		Inflation is:
10 .		A recession is:
11 .		Unemployment means that:
12 .		An example of a demand-side government policy is:
13 .		A cut in the tax rate designed to encourage investment is an example of:
14 .		The concept of opportunity cost:
15 .		Opportunity cost is:
16 .		A graph showing all the combinations of goods and services that can be produced if all of society's resources are used efficiently is the:
17 .		Periods of less than full employment correspond to:
18 .		In economics, investment always refers to:
19 .		The process of using resources to produce new capital is:
20 .		An economy which did not use money would be called:
Answer choices in this exercise are randomized and will appear in a different order each time the page is loaded.