Chapter 1 What Is Economics?
1) All economic questions are about
A) how to make money.
B) what to produce.
C) how to cope with scarcity.
D) how to satisfy all our wants.
5) The most fundamental economic problem is
A) security.
B) scarcity.
C) health.
D) the fact the United States buys more goods from foreigners than we sell to foreigners
Chapter 2 The Economic Problem
في سؤالين او سؤال من او ثلاث اسئله ماادري ايش اللي جاء منهم
هذي الثلاث اسئله اللي تورطت فيها لأنه مافي رسمه 
17) Point C on the production possibilities frontier in the above diagram illustrates
A) a point with maximum and efficient production of Goods A and Goods B
B) a combination of goods and services that cannot be produced efficiently
C) all goods and services that are desired but cannot be produced due to scarce resources.
D) an underutilization of resources
18) In the above figure, which point represents an unattainable production combination of the two goods?
A) Point C
B) Point L
C) Point D
D) Point N
19) In the above figure, which point represents an attainable but inefficient production point?
A) Point C
B) Point N
C) Point L
D) Point D
chapter 3
10)Pizza is a normal good. When the price of a pizza decreases from $14 to $12,
A) the income effect means people buy less pizza.
B) the income effect means people buy more pizza.
C) the quantity demanded of pizza will not change.
D) None of the above answers is correct.
17) Suppose people buy more of good 1 when the price of good 2 falls. These goods are
A) complements.
B) substitutes.
C) normal.
D) inferior.
23) Which of the following statements is correct?
A) A change in the quantity demanded means a shift in the demand curve.
B) A change in demand means a movement along the demand curve.
C) A change in demand and change in quantity demanded means the same thing.
D) A change in demand means a shift in the demand curve while change in the quantity demanded means a movement along the demand curve.
32) The quantity supplied of a good is
A) the same thing as the quantity demanded at each price.
B) the amount that the producers are planning to sell at a particular price during a given time period.
C) equal to the difference between the quantity available and the quantity desired by all consumers and producers.
D) the amount the firm would sell if it faced no resource constraints.
33) The "law of supply" states that, other things remaining the same, firms produce
A) more of a good the less it costs to produce it.
B) less of a good the more it costs to produce it.
C) more of a good the higher its price.
D) less of a good as the required resources become scarcer.
56) If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 12,000 per year, there is a ________ in the market and the price will ________.
A) shortage; rise
B) shortage; fall
C) surplus; rise
D) surplus; fall
58) The above table shows the demand schedule and supply schedule for chocolate chip s. If the price is $4.00 per pound, there is a
A) shortage of 2 pounds of chocolate chip s.
B) shortage of 3 pounds of chocolate chip s.
C) shortage of 5 pounds of chocolate chip s.
D) surplus of 3 pounds of chocolate chip s.
59) The above table shows the demand schedule and supply schedule for chocolate chip s. An increase in income results in an increase in the demand for chocolate s by an amount of 3 pounds at every price. What are the new equilibrium quantity and equilibrium price?
A) 5 pounds, $4.00 per pound
B) 5 pounds, $6.00 per pound
C) 5 pounds, $5.00 per pound
D) 4 pounds, $5.00 per pound
61) A surplus occurs when the price is
A) less than the equilibrium price.
B) equal to the equilibrium price.
C) greater than the equilibrium price.
D) None of the above because the existence of a surplus is independent of the price of the good.
هذا اللي تذكرته واعذروني على التقصير