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Economics

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Mandy Johnston

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Cards in this guide (8)
Economics is about the allocation of resources for the production and distribution of goods

Economics is about the allocation of resources for the production and distribution of goods and ___________.

Which of the following does not need to be addressed when organizing an economy

The rules of political institutions.

According to the circular flow model which of the following is not provided by consumers

Wages

Which of the following shows that an economy is growing

The GDP is getting bigger

Which of the following explains why scarcity is a basic fact of life

demand will always be greater than supply

Which of the following statements accurately describes how cost and benefits care calculated

Calculations of cost and benefit are based on personal preference

Which of the following is one way that land contributes production

Energy from the enviro fuels production I got yall (:

According to the circular flow model Which of the following is not provided by consumer

Wages

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