Business Essentials - 2.02C Economics and Economic Activities

Flashcard
•
Business
•
9th - 12th Grade
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
Into what two categories can wants be divided? Unlimited and noneconomic, Economic and noneconomic, Unlimited and limited, Unlimited and economics
Back
Economic and noneconomic
2.
FLASHCARD QUESTION
Front
Seeing a movie at a theater would be considered a(n) __________ want.
Back
economic
3.
FLASHCARD QUESTION
Front
Friendship would be considered a(n) __________ want.
Back
noneconomic
4.
FLASHCARD QUESTION
Front
Which of the following groups of words best describes wants:
Limited, changing, and compensating; Limited, unchanging, and competing; Unlimited, unchanging, and compensating; Unlimited, changing, and competing
Back
Unlimited, changing, and competing
5.
FLASHCARD QUESTION
Front
Water and air are examples of __________ resources, while people are considered to be __________ resources.
Back
natural; human
6.
FLASHCARD QUESTION
Front
In economics, capital goods include
Back
buildings and equipment.
7.
FLASHCARD QUESTION
Front
Why are resources considered limited?
Back
There are not enough available for everyone to have as much of them as desired.
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