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ECON 312 FINAL EXAM LATEST
1. (TCO 1) When a state government chooses to build more roads, the required resources are no longer available for spending on public education. This dilemma illustrates the concept of(Points : 4)
2. (TCO1) Which of the following is considered to be an entrepreneur? (Points : 4)
MBA graduate hired by a firm to be its CEO
Customer of a firm
3. (TCO1) A point on the production possibilities curve is (Points : 4)
attainable and resources are fully employed.
attainable, but resources are unemployed.
unattainable, but resources are unemployed.
unattainable and resources are fully employed.