Is it true that economics is the study of how people satisfy unlimited and competing wants and needs through the careful use of limited resources?
Bus. Mang. Sem 1 Final

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Business
•
9th - 12th Grade
•
Hard
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60 questions
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1.
FLASHCARD QUESTION
Front
Back
True
2.
FLASHCARD QUESTION
Front
How often do people make decisions about using resources?
Back
Every day
3.
FLASHCARD QUESTION
Front
Which is a need? Car, Food, Calculator, Desk
Back
Food
4.
FLASHCARD QUESTION
Front
Which is an example of a public want? Options: Laptop, Library, Water, Mall
Back
Library
5.
FLASHCARD QUESTION
Front
What do wants and needs determine?
Back
What businesses sell
6.
FLASHCARD QUESTION
Front
Which is not a service? Education, Pro sports, Office furniture, Banking
Back
Office furniture
7.
FLASHCARD QUESTION
Front
To make the best use of limited resources, satisfy:
Back
Needs first, then wants
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