Questions & Exercises

Questions For Review

  1. 1-1. What are the benefits of businesses? Can a business negatively affect society? Give one example of a business that is benefiting society and one example of a negative effect.

  2. 1-2. What are the factors of production? Is one factor more important than the others? If so, which one? Why?

  3. 1-3. What is a demand curve? A supply curve? How are they related?

  4. 1-4. Why is inflation both good and bad? How does the government try to control demand and supply curves?

Questions for Analysis

  1. 1-5. Identify and ...

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