Describe at least one opportunity cost when you decide to do the following (Chapter 1):

1. Attend college instead taking a job
2. Watch a movie instead of studying for an exam
3. Ride the bus instead of driving your car

2. Define Production Possibility Frontier and graphically demonstrate how economic growth takes place.

3. Name at least three factors that shift the demand curve (Chapter 3)

4. Define a normal good and an inferior good with at least one example of each (Chapter 3).