44 questions
What is Marginal Advantage (Analysis)?
Making a decision by comparing costs and benefits
Making a decision by comparing scarcity and choice
Living on the edge because you have an advantage
The advantage of using margarine
Economics can be defined as ________________.
the science of decision making
the study of human behavior
the science of buying and selling
the study of unlimited resources
A stove would be an example of a __________
Natural resource
Human Resource
Capital resource
A bank teller is an example of a _____________.
Capital resource
Natural/Land resource
Human or Labor resource
A tuna would be classified as a _________.
Capital resource
Natural resource
Human resource