answersLogoWhite

0

Economics

User Avatar

Bret Cummings

Lvl 10
2y ago
3.43
7 Reviews
Add a rating

Rate this Study Guide:

Cards in this guide (16)
What is a consumer

a plant or thing that eats things to survive like a wolf or bear they eat things like fish or meat. its like a food chain!

What is the primary concern of economics
  • How society chooses to use its limited resources
What is the definition of basic economic questions

Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.

In which economic system does the government make most economic decisions

command economy

Why is economics considered social science

Economics is a social science because it is the study of human behavior when it comes to money

and how it is made and spent. Economics play a large part of all humans personal and professional lives.

The gross domestic product is licked to both social science and economics. Unlike natural science, social

science is used to understand society. Economics is a large part of society and how people behave.

Which factor of production directs the work flow of the other three factors

Management

Which social science often includes a study of how a certain group of people manufactures goods or spends its money

sociology

Which of these would have a controlled economic system
  • a socialist country
What might be one problem associated with a trade deficit

countries must borrow money to pay for their imports. -- A+

What is the most important tool for analyzing the production distribution and consumption of goods and services

Economic analysis is need for analyzing the production, distribution and consumption of goods. This allows a group or business understand what goods are the most needed and sell the best.

What is a possible secondary effect of buying a new car instead of a used car

less money to spend on entertainment

Which of these following is not a manufactured product

Energy emanating from Sun, Wind and transformed into power is not manufactured product rather conversed/transformed product.

Which social science studies how populations develop in certain regions based on available resources

geography

Which of the following accurately explains how profit is calculated (Apex)

cost are subtracted from revenues

Hawaii held a trade agreement with the US which allowed duty-free importation of sugar to the mainland. What did the local kingdom give to the US in return for these trade benefits

Pearl Harbor and Ford Island.

Which of the following is an example of a business that provides both goods and services

Clothing store

Related study guides

Economics

19 cards

What is a consumer

What is the primary concern of economics

What is the definition of basic economic questions

In which economic system does the government make most economic decisions

➡️
See all cards
5.0
1 Review

Economics

18 cards

The branch of economics that focuses on how human behavior affects all areas of the economy

What is the food web that Orangutans are a part of

What is a consumer

What is the primary concern of economics

➡️
See all cards
No Reviews

Economics

10 cards

In which economic system does the government make most economic decisions

Why is economics considered social science

Which factor of production directs the work flow of the other three factors

Which person studies the production distribution and consumption of goods and services

➡️
See all cards
4.75
4 Reviews

Economics

21 cards

Why would building shipyards be an important part of Japans plan to become a major trading power in the world

What does sm mean

What does an economic anthropologist study

What is the term for the decentralized market where currencies are traded

➡️
See all cards
No Reviews

Economics

6 cards

In which economic system does the government make most economic decisions

Why is economics considered social science

Which factor of production directs the work flow of the other three factors

Which person studies the production distribution and consumption of goods and services

➡️
See all cards
1.0
1 Review