1. Fiscal policy consists of government’s ?

 

2. The three fundamental economic problems of what, how, and for whom are solved by ?

 

3. When we assume that what is true for the part is also true for the whole, we are committing ?

 

4. When one event occurred before another event, the fallacy in economic reasoning that the first event caused the second event is called ?

 

5. Productive efficiency occurs when an economy cannot produce _____ of one good without producing _____ of another good.

 

6. The concept of invisible hand in the organization of supply and demand in a well-functioning market mechanism refers to the ?

 

7. The three fundamental economic problems every human society must confront and resolve are ?

 

8. Which economic term is used to measure the overall performance of an economy?

 

9. The increase in economic integration among nations is termed as ?

 

10. The maximum quantity of goods that can be efficiently produced by an economy using its scarce resources and available technology is called ?