Password 4 Chapter 17 Economics: What is it all about

Front

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

Back

True

Front

Economics includes decisions made by individuals and groups about spending money, time, and resources.

Back

True

Front

What makes economy includes both individuals and collective?

Back

True

Front

What we want or need is the intention, while money, time and skills are resources.

Back

True

Front

In economy, the so-called CBA means consequence benefits approach.

Back

False

Front

Does the cost of buying/doing something include simply the price paid?

Back

False

Front

In the case of government using the CBA analysis, environmental cost and labors are the only two factors to be considered.

Back

False

Front

Spending decisions are the exclusive feature of the government's role in economy.

Back

False

Front

In economy, bartering takes a long time, but money makes trading faster and easier.

Back

True

Front

Our individual values make us judge government actions differently.

Back

True