Final questionnaire

1. What sort of mechanism is economy?

2. What is economy?

3. What sort of issues must all societies deal with?

4. What is economics?

5. What subjects were taught in the universities in 1500^th?

6. What was the answer to question “Why am I poor?” in Pre-Enlightenment period?

7. What word does the word “economics” derive from?

8. What does Greek word “oikonomika” mean?

9. Who made the extraordinary contributions to economics?

10. Whose contributions to economics are considered the most important?

11. What did Adam Smith’s work “The Wealth of Nations” found?

12. Which Adam Smith’s work founded economic science?

13. What major economic thinkers do you know?

14. When did Karl Marx’s work “Capital” appear?

15. What did Karl Marx proclaim in his work “Capital”?

16. Name five tangible and intangible things.

17. How do things get to us?

18. What constrains does every society face at any moment in time?

19. How are societies differ in terms of constrains (limits) provided by nature and previous

generations?

20. Why are some countries rich and why are some poor?

21. What do young people discover when they grow older?

22. Why do we have to limit our choice to one or two things on sale?

23. What answer will most people give to question “Why are there so many wants and needs

that we cannot satisfy?”

24. Is shortage of money the real economic problem?

25. If the government decides to print more money will it solve the economic problem of

a country?

26. Does printing more money produce more goods and services?

26. What will happen if the government decides to print more money and thus to double all

of the incomes of everybody?

27. What is the real cause of shortage of goods and services in a country?

28. How many factors of production are there? What are they?

29. What people do we call entrepreneurs?

30. What economic problem arises because the factors of production are limited in supply?

31. Why do we have to make choices every day?

32. What do all choices involve?

33. What would happen if the factors of production were not scarce?

34. In what case could we have everything we wanted?

35. What is “opportunity cost”?

36. What problem does economics deal with?

37. Is the problem of scarcity faced by only poor societies?