PLEASE HELP! 3 ECONOMICS QUESTIONS: 1. The basic goal of economics is to

control the effects of government action.
determine how to distribute all that is produced in an economy.
address the scarcity problem created because the population’s desire for goods exceeds society’s ability to produce them.
match limited resources to people’s limited wants and needs.
control tastes and wishes so there will be enough resources to produce all the goods and services people want.

2. When a student chooses to take an exam instead of skipping it for a hunting trip, what is the student’s opportunity cost of taking the exam?

the student’s increased chance of graduating in four years
a better grade in a class the student almost took instead
the difference between a perfect score and the student’s actual performance
the hunting trip the student will miss
one class session’s worth of the student’s tuition money

3. Economists believe that when individuals make decisions, they seek to as much as possible.

improve their situation
maintain the status quo
take from others
minimize risk
maximize everyone’s benefit