EPF Exam

Front

The study of decisions that go into making, distributing, and using goods and services is called ___.

Back

Economics

Front

The idea that resources are limited

Back

scarcity

Front

How much of something is available

Back

supply

Front

How much people want something

Back

demand

Front

A person who provides a good or service

Back

producer

Front

A person who purchases a good or service

Back

consumer

Front

Which is an investment in human capital? Options: unemployment benefits, paid vacations, new machines, employee training & education

Back

employee training & education

Front

When something given up for something else is called?

Back

Opportunity Cost

Front

What are the components of a job offer that include gym memberships, flexible hours, repayment of education loans, merchandise discounts, and childcare called?

Back

employee benefits

Front

money paid to the government through income, sales, and purchase of property

Back

taxes