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- Multiple ChoicePlease save your changes before editing any questions.
the study of how nations spend money, make money, make things and save money.
Labor
Capital
Supply and Demand
Economics
- Multiple ChoicePlease save your changes before editing any questions.In what type of economy does the government make all the economic decisions?CommunismFree EnterpriseSocialsmTraditional
- Multiple ChoicePlease save your changes before editing any questions.In which type of economy does the government manage some businesses & industries?Free EnterpriseCommunismSocialismTraditional
- Multiple ChoicePlease save your changes before editing any questions.A person who makes a product in the product market is called ___________________.ConsumerClerkWorkerProducer
- Multiple ChoicePlease save your changes before editing any questions.A person who purchases a product is called a ________________________.ProducerConsumerClientBanker
- Multiple ChoicePlease save your changes before editing any questions.There is a big concert event in your town and everyone wants to go. There is a ____________ of tickets.SupplyScarcityCreditCost factor
- Multiple ChoicePlease save your changes before editing any questions.Which of the following is a good?cutting grasscar washfoodrestaurant
- Multiple ChoicePlease save your changes before editing any questions.Which of the following is a service?carshoesteachercomputer
- Multiple ChoicePlease save your changes before editing any questions.
Necessary for survival
Wants
Needs
Capital
Labor
- Multiple ChoicePlease save your changes before editing any questions.
Not necessary for survival but are desired
Wants
Needs
Labor
Capital
- Multiple ChoicePlease save your changes before editing any questions.
Good used to make products or other services. Basic Categories: Tools, Equipment, Buildings, Machinery.
Capital Resources
Natural Resources
Human Resources
None
- Multiple ChoicePlease save your changes before editing any questions.
Gifts from nature. Examples: air, oil, gold
Capital Resources
Natural Resources
Human Resources
None
- Multiple ChoicePlease save your changes before editing any questions.
Human work effort, both physical and mental
Capital Resources
Natural Resources
Human Resources
None
- Multiple ChoicePlease save your changes before editing any questions.
If you create a new business, product, service you will be known as an-
Entrepreneur
Teacher
Economist
None
- Multiple ChoicePlease save your changes before editing any questions.an economic systems in which the central government makes all economic decisionscommand econominydeveloped countriesdeveloping countries
- Multiple ChoicePlease save your changes before editing any questions.countries with strong economics and high quality lifedeveloped countriescommand economymarket economy
- Multiple ChoicePlease save your changes before editing any questions.countries with less productive economics and a lower quality lifegross domestic productmarket economydeveloping countries
- Multiple ChoicePlease save your changes before editing any questions.the value of all goods and services produced within a countrie a single yeargross domestic productmarket economy
- Multiple ChoicePlease save your changes before editing any questions.a relationship between countries in which they rely on one another for recources, goods, and servicesinterdependencepopular culture