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Economics Final Examination - Part 2. Comprehension

Quiz by Mika'il Stewart Saadiq

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9 questions
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  • Q1
    Give a seven word, descriptive definition of economics?
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    60s
  • Q2
    What is the condition that results because wants are unlimited?
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    60s
  • Q3
    List the factors of production.
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    60s
  • Q4
    What action are people considered doing when managing wants, needs, and haves?
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    60s
  • Q5
    The type of economic model reveals opportunity cost is called a what?
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    60s
  • Q6
    What does the lure of profits encourage?
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    60s
  • Q7
    List the six Economic Goals of the United States.
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    60s
  • Q8
    What are the determinants of demand?
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    60s
  • Q9
    Price of inputs, number of firms, taxes, and technology determine what?
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    60s

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