Worksheetseconomics quiz p5
Total questions: 8
Worksheet time: 12mins
when people make choices/decisions they will experience three economic events they are: (select three answers)
how to maximize utility
oppertunity cost
trade offs
regrets
people who are faced with limited resources that buy goods and services to satisfy their unlimited wants and needs are:
consumer
producer
wholesalers
retailers
what is the definition of economics
how to make good choices using knowledge presented
the study of wealth and how to properly distribute your money according to cost
inflation
its what money needs to be effective
Draw the name of an entrepreneur perusing entrepreneurship
Define opportunity cost
people want a good price to achieve maximum utility what was the graphing system in place called to find a good price
I bought a 15 dollar headphones and sold it for 20 i just made 5 dollars
(a)
Limited resources with unlimited wants
Needs
Wants
scarcity
Trade-offs
