I WILL GIVE BRAINLIEAST ANSWER TO FASTEST CORRECT ANSWER!
1. When do shortages occur?

A) when many people are unemployed

B) when people have trouble supplying the goods and services at current prices

C) when the United States imports more than it exports

D) when interest rates go up

2. A decision-making grid is a visual way of _____.

A) examining opportunity costs

B) identifying shortages

C) making marginal decisions

D) selling goods or services

3. Which of the following is a “guns or butter” decision?

A) A company decides to build armored tanks instead of bombs.

B) A nation decides to produce fewer fighter jets and more bridges.

C) A company chooses to make more cheese and less butter.

D) A nation shifts money from building railroads to building highways.

4. Addressing the goal of _____ provides assurance that goods and services will be available and payments will be made on time.

A) economic efficiency

B) economic equity

C) economic security and predictability

D) economic growth and innovation

5. Which of the following does a government provide as part of a safety net for the people?

A) regulation of commerce

B) a strong military defense

C) general elections every four years

D) unemployment compensation