ECO212 (ECO212)

1) According to economics, what causes us to have to make choices?2) Why do consumers have to make tradeoffs in deciding what to consume?3) What is the term in economics by which a group of buyers and sellers of a product come together to trade?4) Which of the following is not a critical function of the government in facilitating the operation of a market economy?5) Which of the following statements describes the actions of producers in the circular flow model?6) Which of the following is an exa...