Economics

I HAVE CITIES ,BUT NO HOUSES I HAVE WATER ,BUT NO FISH I HAVE MOUNTAIN , BUT NO TREES WHAT AM I

the money a person earns or is given over the course of a lifetime

the desciion of the US congress to lower the federal income tax rate

Deciding which television sports program to watch

Which of these involve the study of consumer purchases by senior citizens?

microeconomics

wants

macroeconomics

resource

Diminished Marginal Utility is the lack of satisfaction a person receives from using a product repeatedly.

affecting the economy

The study of the economic behavior and decisions of individuals and businesses
the study of the economic behavior and decisions of individuals and businesses

Producers consume both goods and services.

The gross World Product is the combined Gross National Product of all the countries in the world. It is also equal to the Gross Domestic Product.

Economics.

Furniture (A+)

Mixed-market. A+

Economists

the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production

4.5%

In a command economy, also known as a planned economy, the government largely determines what is produced and in what amounts. In a mixed economy both market forces and government decisions determine which goods and services are produced and how they are distributed.

Which of these items is not considered by economists to be a need?

a meal

shelter

a coat

a book