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Already have an account? Microeconomics Unit 3 quiz for 11th grade students.AP® Macroeconomics Exam Practice Test. Macroeconomics Enrichment Modules A: Recession and Recovery During the Pandemic B: Federal Reserve Monetary Policy in an Ample Reserve Regime. Microeconomics. UNIT 1 Basic Economic Concepts. 1.1 Scarcity and Choice 1.2 Economic Systems 1.3 The Production Possibilities CurveThe government sends ________ to households. goods and services. IBM, due to recent economic recession, fired 3,000 people nationwide. cyclical unemployment. In the early 2000s, a car mechanic is let go because of his lack of computer knowledge. structural unemployment. A farm worker is let go after bringing in the crops for the year.Study with Quizlet and memorize flashcards containing terms like 7. Which of the following goods would be considered scarce? I. Education II. Gold III. Time (A) I only (B) II only (C) III only (D)I and II only (E) I, II and III, 8. 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