Economics may be confusing, but it's about everyday choices, discussing who gets what and how people use limited resources.

Password 4 Chapter 17 Economics: What is it all about

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English
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University
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Hard
79005 79005
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13 questions
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1.
FLASHCARD QUESTION
Front
Back
True
2.
FLASHCARD QUESTION
Front
Economics includes decisions made by individuals and groups about spending money, time, and resources.
Back
True
3.
FLASHCARD QUESTION
Front
What makes economy includes both individuals and collective?
Back
True
4.
FLASHCARD QUESTION
Front
What we want or need is the intention, while money, time and skills are resources.
Back
True
5.
FLASHCARD QUESTION
Front
In economy, the so-called CBA means consequence benefits approach.
Back
False
6.
FLASHCARD QUESTION
Front
Does the cost of buying/doing something include simply the price paid?
Back
False
7.
FLASHCARD QUESTION
Front
In the case of government using the CBA analysis, environmental cost and labors are the only two factors to be considered.
Back
False
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