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Economics

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Giovanny Medhurst

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Term1/13
In economic terms what does market mean
Definition1/13

the coming together of a buyer and seller

Term1/13
This type of economics addresses the question what ought to be
Definition1/13

The field of economic ethics addresses this particular question.

Term1/13
This branch of economics focuses on individual areas and units of the economy
Definition1/13

microeconomics(kaylop)

Term1/13
What does the flow of money determine in the circular flow model
Definition1/13

The allocation of resources. :P

Term1/13
Which definitions does not describe economics
Definition1/13

"Economics is the study of how people relate to each other" is a statement that does not define economics.

Term1/13
This is the study of all aspects of the economy
Definition1/13

macroeconomics

Term1/13
In the circular flow model economic resources is both production and the factors of production
Definition1/13

true
true

Term1/13
This type of economics addresses the question how can you achieve the goals that have been established
Definition1/13

Applied Economics A+

Term1/13
A self serve gas station is an example of which of these
Definition1/13

good

Term1/13
What role do businesses that go tothe market play in the circular model
Definition1/13

what role do businesses that go to the market play in the circular flow model

Term1/13
What of these items is not one of the basic economic questions
Definition1/13

Where should products be produced? (A+)

Term1/13
Which of these statements is correct in an economic way of thinking
Definition1/13

Something must be given up if we are to have more scarce resources.

Term1/13
Which of these items is not considered by economists to be a needa mealsheltera coata book
Definition1/13

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

a meal

shelter

a coat

a book

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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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