This is my first day in Economics, and I have a ton of homework. Please, help me, if I don’t do this, I’m not going to have a good start with the teacher, and he will probably hate me from now on. I forgot my book at school because we got out early due to an ice storm.

1. A product intended for final use by an individual:
2. When factors of production perform only tasks they can do more efficiently than others.
3. Alternative choices
4. A condition that results from society not having enough resources to produce all the things people would like to have
5. The next-best alternative use of money, time, or resources when one choice is made rather than another.
6. Any product that lasts three or more years when used on a regular basis.
7. The capacity to be useful and provide satisfaction
8. An individual risk-taker in search of profits who does something new with existing resources.
9. Factor of production that includes people, with all their efforts, abilities, and skills.
10. The measure of the amount of output produced with a given amount of resources during a specific period of time.
11. An economic product that is performed for someone.
12. An economy in which consumers and privately owned businesses, rather than the government, make the majority of economic decisions.

The next is problems and choices. (Problems first choices below)
(Questions)
_Scarcity
_Consumers
_Markets
_Opportunity Cost
_Production possibilities frontier
_Cost-benefit analysis
_Study of economics
(Choices)
C. Next-best alternative–or trade-off–in a decision
D. They use goods and services to satisfy wants and needs.
E. This is created by people’s seemingly unlimited wants and relatively limited resources.
G. Provides insight as to how incomes are earned and spent, how jobs are created, and how the economy works on a daily basis.
K. These link buyers and sellers in the circular flow of economic activity.
L. A way of thinking about a problem that compares the costs of an action to the benefits received.
N. A model that shows the various combinations of goods and services that can be produced when all resources are fully employed.

(Below is another set of questions and choices to choose from)
(Questions)
_1. Opportunity cost
_2. Production possibilities frontier.
_3. Trade-offs
_4. Free enterprise economy.
_5. Standard of living.
(Choices)
a. alternative choices.
b. where consumers and privately owned businesses answer the three basic economic questions
c. quality of life based on the ownership of the necessities and luxuries that make life easier
d. the cost of the next-best alternative when a choice is made.
e. diagram representing various combinations of goods and services an economy can produce when all resources are fully employed.
f. a tool that can be used to help make an economic decision by identifying alternatives and criteria to evaluate the alternatives.

(New set of questions)
6. Which of the following best describes the relationship between trade-offs and opportunity costs?
a. opportunity costs are incurred when trade-offs are made.
b. opportunity costs are the opposite of trade-offs.
c. trade-offs lower the opportunity costs of an economic decision.
d. trade-offs occur when there are no opportunity costs.

7. Imagine you decide to purchase a soccer ball for . Which of the following is an opportunity cost of your decision?
a. the time spent deciding to spend your money
b. something else that could have been bought
c. in cash
d. the time spent making the purchase and the tax paid on the ball

8. The production possibilities frontier
a. indicates the ideal production levels for goods and services
b. cannot expand
c. is not affected by economic growth
d. illustrates the concept of opportunity costs

9. The study of economics helps people to
a. become better decision-makers
b. make wise choices for political candidates
c. understand the free enterprise system
d. all of the above

10. When analyzing economic behavior, it helps to
a. use simple models
b. focus on the benefits rather than the costs
c. take large steps toward the final goal
d. write a thesis

(New set of questions)
(Questions and choices follow below)
(Questions)
1. Scarcity
2. Need
3. Land
4. Capital
5. Gross Domestic Product

(Choices)
a. factor of production that includes natural resources not created by humans
b. a basic requirement for survival
c. dollar value of all final goods, services, and structures produced within a country’s borders in a 12-month period
d. condition that results from society not having enough resources to produce all the things that people would like to have
e. factor of production that involves risk takers in search of profits
f. factor of production that includes tools, equipment, machinery, and factories used in the production of goods and services

(

Technorati Tags: buyers and sellers, choices, circular flow of economic activity, consumers, cost benefit analysis, daily basis, economic decisions, economic product, existing resources, factors of production, homework, incomes, insight, money time, opportunity cost, period of time, production possibilities frontier, profits, risk taker, scarcity

a pop up window came up saying that google are now hiring people to work from home i dont know if it is another scam or is it real any ideas would be appreaciated thanks. this is what they have said Breaking News: Google Hiring British Citizens To Work From Home
Google is Set To Hire A Group Of People From Britain To Work From Home In The Next Few Days. Thousands Of Jobs Available, Anyone Can Apply.

Many sites showcase people making as much as 0 a day working online from home on their computer working from Google.
Has the online titan now opened the doors for everyday people like you to work for them? If this is true, that means that thousands of people from all of Britain might have a safe and bright future working from the comfort of their homes, all of which will be decided in the next few days.

In the middle of this recession this country and the world is going through, Google has been thriving and reporting profits consistently every quarter.

Completely innovating the Search Engine industry in the late 1990′s, Google has had a history of development and innovation, and another one is about to come.

Google has now opened it’s doors and will be hiring everyday people to work from the comfort of their own homes posting links. The way this works is Google will allow people to signup and receive a package which will contain all the step by step instructions to get setup from home.

This will allow Google to hire talent in places like Britain that would otherwise be unreachable and compensate them based on results on a long term basis.

What you need: A Computer, an Internet Connection and the desire to make a living working from home. No special skills are required other than knowing how to use a computer and navigate the internet.

Mary, a mother from Toronto, who worked with Google in the experimental parts of this program, is thriving, in the middle of an economic recession, working in the comfort of her own home with Google.

From her website: "I get paid about USD for every link I post on Google and I get paid every week… I make around 00 USD a month right now"

Google has now officially released their new "work from home" system out to the public. There will be thousand of spots available that are expected to go very soon in the next few days.

The way this works is very simple, Google says.

First you will need to apply for their work from home kits. Google has release a limited amount of kits, all distributed through local websites in your area throughout US and Britain, which will cost of shipping and handling to the public.

Google says this charge is made to cover shipping costs but also to separate the people that are serious about working with them through this program.

Once you have ordered your kit (if you are one of the lucky few to get availability in your area) then you will receive a package that will contain all the instructions you need to start working from home for the online titan.

This kit will show you all you need to know, Google says. You will be performing simple and straightforward tasks such as posting links. "Anybody with basic computer skills will be able to perform these tasks" adding to that they say that "We understand the psychology of working from home and we want to give our employees tasks that are simple and easy, and reward them generously in order to keep them motivated."

Is this worth quitting your job? If you’re lucky enough to receive a kit, you might not even have to.

"We start off our work from home program only requiring 1-2 hours a day of work, earning a great income from the start. This way our work from home employees will see the benefit and start devoting more and more time each day and their salaries will increase accordingly" Google reports.

Although they are going very fast since their release earlier today, thousands of positions are still available at the time of this writing.

To apply for a job working from home for Google here are the three steps:

Step 1: Get the Google Work From Home Kit, only pay the .95 for shipping. (The shipping cost allows Google to screen for serious people).

Step 2: Follow the directions on your package and set up a Google account. Then they will give you the website links to post. Start posting those links. Google tracks everything.

Step 3: Google will send out your checks weekly. Or you can start to have them wire directly into your checking account. (Your first checks will be about 0 to ,500 a week. Then it goes up from there. Depends on how many links you posted online.)

Associated Links:
Easy Google Profit official site

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