Cards in this guide (22)
What percentage of people use the internet
88% Of people use the internet.
Economics is about allocating resources for doing which of the following processes involving goods and services
Production and distribution
Technological advancement can come from improved devices or new
Technological advancement can come from improved devices or new
METHOD
Which of the following is not an economic goal
In economics all goods and services available to consumers are provided by which of the following
Which of the following are useful for conducting market research
Focus groups Focus groups
Which statements best explains why producers conduct market research
Market research helps producers earn more profits.
Which of the following is a reason why peer pressure influences consumers
People often compare themselves to others.
In economics workers are both producers and which of the following
In the game of economics every person alive plays the role of which
Which of the following best explains the main purpose of short term planning
To meet fixed expenses and allow for discretionary spending.
What describes an efficient outcome
A car is designed to waste as little fuel as possible.
Which of the following best describes how consumers let producers know what they want to buy and how much they are willing to pay
The purchases consumers make indicate their desires to
producers.
Because calculations of cost and benefit are subjective they can be described as
Vary from one person to another.
Which of the following identifies the reason why producers try to minimize costs an maximize revenue
The need to get goods from producers to consumers raises what basic questions
How are goods and services distributed
Which of the following is an example of a production decision ...
Science can be used to predict the effects of the dam on wildlife.
Which of the following is another term for a planned economy
What Of The Following is an essential part of making a rational choice
doing cost benefit analysis
Utility is the concept that economists use to measure the a person gets from the use or consumption of goods and services.
Which Match each moon and planet to the most accurate characteristic
Which best explains how budgeting helps consumers reach their financial goals
Budgets allow consumers to control how much money they have going out for expenses.
