Cards in this guide (22)
Under this economic theory the government does not get involved in the economy
This type of economics addresses the question what ought to be
The field of economic ethics addresses this particular
question.
This type of economics addresses the question what is
Pure economics addresses this question.
In which direction does the demand curve on a graph slant
This branch of economics focuses on individual areas and units of the economy
What does the flow of money determine in the circular flow model
The allocation of resources. :P
A grocery store where assistants sack your groceries is an example of which of these
Ground water is an example of which factor of production
Which definitions does not describe economics
"Economics is the study of how people relate to each other" is a
statement that does not define economics.
This is the study of all aspects of the economy
In the circular flow model economic resources is both production and the factors of production
This type of economics addresses the question how can you achieve the goals that have been established
A loaf of bread is an example of which of these
Which term applies to this definition
The total output of a group of individuals and the entire
economy will increase when each good is produced at the lowest
cost.
A self serve gas station is an example of which of these
To which person would this event be of concern A business because the old-growth forest was not cut down
Which term applies to this situation failure to return a book to the library on time an paying a fine
What role do businesses that go tothe market play in the circular model
what role do businesses that go to the market play in the
circular flow model
What of these items is not one of the basic economic questions
Where should products be produced? (A+)
Which of these items is not considered to be a want
. This is homework and we don’t do homework and your teacher is
looking for your critical thinking skills and how well you
understood the lesson. We also don’t have the list.
Which of these statements is correct in an economic way of thinking
Something must be given up if we are to have more scarce resources.
Which of these items is not considered by economists to be a needa mealsheltera coata book
Which of these items is not considered by economists to be a need?
a meal
shelter
a coat
a book
