Economics

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	Microeconomics(5 viewing)	44,772 Posts18,415 Topics	Last post by Buckait27 in Re: If the first copy co... on Jan 26, 2024
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Which of the following are considered factors of production? I. Land II. Labor III. Physical capital ... Started by acc299	1 Replies 109 Views	Jun 29, 2018 by Meganchabluk
All of the following are economic resources, or factors of production EXCEPT A) land. B) ... Started by fox	1 Replies 163 Views	Jun 29, 2018 by 1_Step_At_ATime
In economic terminology, the accumulated training and education that workers receive to increase ... Started by Garrulous	1 Replies 105 Views	Jun 29, 2018 by Ksanderson1296
Physical capital is distinguished from human capital because A) physical capital refers to ... Started by jCorn1234	1 Replies 158 Views	Jun 29, 2018 by shewald78
________ are the things that are used to produce items that satisfy people's wants. A) Concepts ... Started by JMatthes	3 Replies 80 Views	Jun 29, 2018 by pangili4
In economics, demand refers to A) the intensity of desire for a good. B) the amount of a good ... Started by Jkov05	1 Replies 60 Views	Jun 29, 2018 by mistyjohnson
The conversion of resources into consumer goods or services is called A) human capital. B) ... Started by nummyann	1 Replies 77 Views	Jun 29, 2018 by morganmarie791
Services can be thought of as A) unvalued goods. B) unwanted goods. C) free goods. D) ... Started by RODY.ELKHALIL	1 Replies 123 Views	Jun 29, 2018 by millet
Economic goods are defined as A) tangible items only. B) services only. C) anything from which ... Started by go.lag	1 Replies 103 Views	Jun 29, 2018 by momolu
The law of demand includes the statement other things being equal. These other things include all of ... Started by fahad	1 Replies 84 Views	Jun 29, 2018 by abro1885
If the quantity desired of something exceeds the amount available at zero price, that item is called ... Started by corkyiscool3328	1 Replies 71 Views	Jun 29, 2018 by adammoses97
Which is the best example of an intangible good? A) the car you dream of owning but cannot afford ... Started by acc299	1 Replies 68 Views	Jun 29, 2018 by ankilker
The law of demand tells us that people will buy more of a good if A) the price of that good ... Started by LaDunn	3 Replies 86 Views	Jun 29, 2018 by Shshxj
The law of demand is based on the observation that A) people buy less of a product when the ... Started by nmorano1	1 Replies 45 Views	Jun 29, 2018 by durant1234
Scarcity A) exists in all human societies. B) is a problem for less-developed nations only. C) ... Started by melina_rosy	1 Replies 119 Views	Jun 29, 2018 by lgoldst9
Scarcity affects A) only rich people. B) only poor people. C) only middle income people. D) ... Started by gbarreiro	1 Replies 163 Views	Jun 29, 2018 by asdfasdf
The law of demand states that A) people demand less at lower prices. B) the quantity demanded is ... Started by scienceeasy	1 Replies 107 Views	Jun 29, 2018 by janeli
According to the law of demand, an increase in the price of a good causes A) a rightward shift of ... Started by yoooooman	1 Replies 86 Views	Jun 29, 2018 by bob
Macroeconomics deals with A) aggregates within the economy. B) specific sectors within the ... Started by Mollykgkg	1 Replies 210 Views	Jun 29, 2018 by cuttiesgirl16
Economic goods are A) abundant goods, about which we must constantly make decisions about their ... Started by lak	1 Replies 73 Views	Jun 29, 2018 by bhavsar
In a market system, which component conveys information about what is relatively scarce and what is ... Started by Yolanda	3 Replies 59 Views	Jun 29, 2018 by poopface
Which of the following would most likely NOT be taught in a macroeconomics course? A) changes in ... Started by PhilipSeeMore	1 Replies 107 Views	Jun 29, 2018 by covalentbond
A macroeconomist would study A) the price changes at K-Mart. B) the cost problems at several ... Started by kfurse	1 Replies 58 Views	Jun 29, 2018 by carlsona147
Extremely cold winter weather has destroyed oranges in Florida. The freeze has caused A) scarcity ... Started by sjones	1 Replies 143 Views	Jun 29, 2018 by brbarasa
In a market system, the costs associated with exchanging goods are known as A) voluntary costs. ... Started by cool	1 Replies 67 Views	Jun 29, 2018 by gcook

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