
Basic Concepts of Economics
Authored by Annie Thomas
Business
11th - 12th Grade
Used 48+ times

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15 questions
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1.
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30 sec • 1 pt
Man – made resources, such as machines and factory buildings.
2.
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30 sec • 1 pt
Business know- how; the ability to make decisions and take risks in a business.
3.
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30 sec • 1 pt
Person who buys and uses goods and services to satisfy his or her wants.
4.
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30 sec • 1 pt
The benefit of the next best alternative foregone because of a particular choice.
5.
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30 sec • 1 pt
The central problem in Economics
6.
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30 sec • 1 pt
Human resources; another name for workers.
7.
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30 sec • 1 pt
Using up of goods and services to satisfy human wants.
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