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Questions and Answers
What does economics study?
What does economics study?
- The unlimited needs and wants of people
- The distribution of goods and services
- The production of goods and services
- The choices people make to satisfy their wants and needs with limited resources (correct)
What is a want in economics?
What is a want in economics?
- An action provided to people
- A limited supply of resources
- Something people desire or need to have (correct)
- A physical product that can be held or touched
What is an example of a good?
What is an example of a good?
- Entertainment
- Healthcare
- Education
- Books (correct)
What is the concept of economics related to?
What is the concept of economics related to?
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How are wants fulfilled in economics?
How are wants fulfilled in economics?
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What does economics involve the study of?
What does economics involve the study of?
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Which of the following is an example of a service?
Which of the following is an example of a service?
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In economics, what is a 'good'?
In economics, what is a 'good'?
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How are wants fulfilled in economics?
How are wants fulfilled in economics?
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What is the concept of 'want' in economics?
What is the concept of 'want' in economics?
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What does economics study?
What does economics study?
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What is a want?
What is a want?
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What is a good in economic terms?
What is a good in economic terms?
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What does the concept of economics involve?
What does the concept of economics involve?
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How do people fulfill their wants?
How do people fulfill their wants?
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