- Download the worksheet to save time writing
- Start solving the practice problems
- If you're stuck, watch the video solutions
- See your summary to get more insights

What is the primary focus of economics as a social science?
Which of the following is a likely effect of an economic boom?
What does the intersection of the marginal benefit and marginal cost curves indicate?
A firm is evaluating whether to hire an additional worker. The marginal benefit of hiring is $200 per day, and the marginal cost is $180 per day. What should the firm do?
Why is the concept of marginal benefit considered subjective?
What is a potential downside of focusing solely on efficiency in economic policy-making?
How can government intervention improve equality in an economy?
Which of the following pairs correctly identifies a tangible and an intangible factor of production?
Which of the following best illustrates the difference between physical capital and natural resources?
Which of the following is a normative statement?
Identify the type of statement: 'Raising taxes on the wealthy will increase government revenue.'
Which statement is an example of a normative statement?
How does the flow of money change when firms acquire resources from the market for resources?
Convert 1.25% into a decimal.
What is the simplified form of 300/1500 by removing trailing zeros?