Principles of Microeconomics/ Basic Economic Concepts

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Question Difficulty:

Question	Difficulty
Production Possibilities Curve Concepts	easy
Market Surplus and Excess Supply	easy
Market Equilibrium Price For Tomatoes	easy
Opportunity Cost of Vehicle Production	easy
Market Equilibrium Conditions	easy
Effects of a Rightward Demand Shift	easy
Concept of Economic Specialization	easy
Absolute Advantage in Production	easy
Characteristics Of Economic Incentives	easy
Concept of Marginal Analysis	easy
Fundamental Cause of Resource Scarcity	easy
Rightward Shift Of The Demand Curve	easy
Central Role of Scarcity in Economics	easy
The Law Of Demand	easy
Comparative Advantage and Trade	easy
Opportunity Cost Concept	easy
Opportunity Cost of Time	easy
Assumptions of the Production Possibilities Model	easy
Calculating Opportunity Cost	easy
Economic Scarcity and Choice	easy

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