econ

According to the law of increasing opportunity costs, In order to produce additional units of a particular good, it is …

ch 2 econ

Which of the following is not a scarce good? Garbage Rational choice both A and C. Scarcity is defined as …

APUSH Chapter 33

Brain Trust A small group of young reform-minded intellectuals responsible for writing FDR’s speeches and authoring much of the New …

Unit 4: Set 1 (3/11)

1. Economics is the study of how a society _________________. a. employs resources to produce goods and services and distribute …

15 & 16 Economics

Supply Side To increase supply in market Private Businesses spend more on labor and capital Reduced role in government Less …

Unit Review

What are the basic types of resources used by producers? Check all that apply. 1,26,5 What are the cons of …

Econ Chapter 1-4

C. Unlimited wants exceed the limited resources available Which of the following best describes scarcity? A. Prices of goods are …

Positive economics

Positive economics Scientific study of “what is” among economic relationships Normative economics Judgments about “what ought to be” in economic …

Economics

Demand Schedule A table showing the relationship between the price of a product and the quantity of the product demanded. …