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Economics

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Jordyn Pfeffer

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2y ago
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Cards in this guide (16)
Name the worlds hardest-riddle ever.

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

Which of these refers to the amount of goods offered for sale

Supply

Consumers who are willing and able to purchase a product or service create an economic situation referred to as

Consumers who are willing and able to purchase a product or service create an economic situation referred to as supply and demand. The price of the product or service tends to rise and fall depending on these factors.

Which of these statements is most complete with regard to the role of the producer in an economy

Producers consume both goods and services.

The city charges a homeowner a fee to pick up the garbage each week Which of these was provided by this transaction

A service is provided by the transaction.

You visit the doctor's office to get your annual examination and flu shot Which of these was provided by this transaction

both good and sevvice

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.

What correctly describes an economic good

An economic good is an consumer product that requires money to keep.

What is provided when you order a pizza from a store that does not have home delivery

Answer right or whats the point?

A good not a service

Which of these does not fall under the market umbrella

its not taxation its e-commerce

Does not describe macroeconomics

Macroeconomics examines the consumer purchases of families and age groups.

What describes the american economic system

Mixed-market. A+

Individuals who make and offer economic goods or services for sale are known as which of the following

producers

In a mixed-market economic system who determines what products should be produced and how they should be produced

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.

In economics what does the term market and refer to

The system of exchanging goods. A+

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

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