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☆☆☆☆☆Cards in this guide (13)
In economic terms what does market mean
the coming together of a buyer and seller
This type of economics addresses the question what ought to be
The field of economic ethics addresses this particular question.
This branch of economics focuses on individual areas and units of the economy
microeconomics(kaylop)
What does the flow of money determine in the circular flow model
The allocation of resources. :P
Which definitions does not describe economics
"Economics is the study of how people relate to each other" is a statement that does not define economics.
This is the study of all aspects of the economy
macroeconomics
In the circular flow model economic resources is both production and the factors of production
true
true
This type of economics addresses the question how can you achieve the goals that have been established
Applied Economics A+
A self serve gas station is an example of which of these
good
What role do businesses that go tothe market play in the circular model
what role do businesses that go to the market play in the circular flow model
What of these items is not one of the basic economic questions
Where should products be produced? (A+)
Which of these statements is correct in an economic way of thinking
Something must be given up if we are to have more scarce resources.
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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