1. What is the primary focus of economists and what methods do they use in their work?

1. How does microeconomics differ from macroeconomics in terms of what economists study?

2. What are examples of microeconomic and macroeconomic questions?

1. What is the difference between studying what is and what ought to be in economics?

2. How do economists' personal values influence their views on economic problems?

1. What is the difference between goods and services, and what are examples of each?

2. What are consumers and what is consumption?

1. What are natural resources and why is no country able to have an unlimited supply of them?

1. How do the size and productivity of the workforce affect a country's production of goods and services?

2. What factors influence worker productivity and why is it more important than workforce size?

1. What are capital resources and how do they differ from money?

2. What is depreciation and why must countries produce new capital to maintain production levels?

1. What is entrepreneurship and what role do entrepreneurs play in economic growth?

2. What are the risks and rewards associated with entrepreneurship in the United States?