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Economics

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Frederik Thompson

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Cards in this guide (8)
Which of the following questions must be answered in order to turn resources into products

How should production be organized?
idk i got it wrong but its NOT "How should production be organized? "

i think its "How are goods and services to be distributed?"

In the game of economics workers play a double role functioning as both consumers and

In the game of economics, workers play a double role, functioning as both consumers and producers
Consumers and producers

In economics All goods and services that exist must be made by

workers

Consumers influence the decisions of producers in which of the following way

through the purchasing decisions they make

Which of the following pairs of words best describes using cost benefit analysis maximizing and minimizing

Rational and subjective

What do economists use to measure the personal satisfaction someone gets from consuming goods and services

Utility because it's a term in economics that refers to the total satisfaction received from consuming a good or service.

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

cost are subtracted from revenues

Which if the following is not a goal pursued in the game of economics

Stagnation

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