Micro 1.01

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

Which of the following most accurately describes why trade-offs are necessary?

Any choice involves sacrificing the alternatives that could have been chosen.

Based on the Circular Flow diagram, businesses would be most concerned with which of the following?

Minimizing: Costs Maximizing: Revenue

Which term best describes a sunset or knowledge?

Non-rival good

Which of the following is the principal concern of economics?

The production and exchange of goods and services in light of limited resources

All of the following are typically considered capital goods except

cooked hot dogs at a sporting event

The resources in the input market come from

land, labor, and capital of households


संबंधित स्टडी सेट्स

APUSH Chapter 6 - The Constitution and New Republic

View Set

environmental systems unit 7 quiz 1

View Set

CTR, CTR Exam Prep (CRM P&P), CTR Exam Blue Book, CTR Organizations, CTR seer educate, CTR EXAM, Cancer Registry general info, Registry Organization and Operations, Questions from Cancer Management Book, CRM P&P Study Guide

View Set

Psych Exam #1 Saunders 8th ed. Questions

View Set

TestOut 2.2.7 Practice Questions

View Set

COMP (Chapter 2: Strategy - Totality of Decisions)

View Set

CHAPTER 13: NERVOUS SYSTEM (SPINAL AND SPINAL NERVES)

View Set