Intro to Economics
Go to the following websites and answer the questions in your own words

http://www.virtualclassroom.net/econ/intro/intro/sld001.htm
 

http://virtualclassroom.net/econ/tools/
 

1  Define economics
 
 
 
 

2  List the four economic resources.  GIVE AN EXAMPLE OF EACH
 
 
 
 
 

3   What payments are received by those who provide the eonomy with the above resources
 
 
 
 
 
 

4  What are three types of economic sysytems ?  Give an example of each
 
 
 
 
 
 

5  List and describe each of the factual tools used by eocnomists.  give an example of each
 
 
 
 
 
 

6  List and describe each of the theoretical tools used by economists.  Give an example of each.