Intro Student Review

Customer benefit from a variety of businesses that are competing

• True

• False

What is one factor of production?

• Physical

• Boilogical

• HMMM

• Natural

Wants are things you need to survive?

• True

• False

Good are mental goods?

• True

• False

Needs are things you need to survive?

• True

• False

Wants and needs determine what products and services a business provides.

• True

• False

Business provides goods and services to satisfy wants and needs.

• True

• False

Services are tasks that businesses perform for consumers.

• True

• False

Resources limit the number of need and wants people can satisfy?

• True

• False

Resources are Items That people can make or obtain what they need or want.

• True

• False