1. A company's decision to produce one more game this year is an example of

A. Governments can step in to improve market outcomes

B. People face trade-offs

C. Rational people think at the margin

D. Markets are a good way to organize economic activity

2. The decision between whether to use the steam gift card you got for your birthday on either a new Fortnite skin or Rome Total Remastered is an example of...

A.People face trade-offs (Principle 10

B. Trade makes everyone better off (principle 5)

C. Markets are good way to organize economic activity (Principle 6)

D. People respond to incentives (principle 4)

3. People saving more after the government instates new tax breaks for saving for retirement is an example of

A. people face trade-offs

B. People respond to incentives

C. The cost of an item is what you give up to get it

D. Prices rise when the money supply expands

4. In addition to factoring in the cost of tuition, books, and a new laptop, economists count forgone wages (wages you would earn if you worked) as part of going to college. This is an example of

A. Rational people think at the margin

B. people face trade-offs

C. The cost of something is what you give up to get it

D. Society faces a trade off between inflation and unemployment