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Capital is
A ) tools, equipment, and factories used in the production of goods and services; one of four factors of production.
Economics is the use of what to produce and distribute goods and services?
Correct D ) resources
Want is
Correct B ) way of expressing a need that leads to a preference for some goods over others
The fundamental economic problem is
Correct B ) scarcity.
Why do economists need to find the answer to all three of these questions?
Correct D ) there are not enough resources to satisfy people's seemingly unlimited wants
Markets where productive resources are bought and sold are ______ markets.
Correct A ) factor
The key feature of the circular flow of economic activity is the
Correct C ) market.
Economics is based on
Correct B ) scarcity. includes the tools, equipment, machinery, and factories used in the production of goods and services.
Correct B ) Capital Twenty percent of the world's people in the wealthiest nations consume ____ percent of the world's goods and services.
Correct A ) 86
In this passage, "Too much marketing today focuses on awareness rather than reasons to buy. In the old days, awareness advertising was more effective. There was less competition. All you had to worry about was whether or not people remembered your product. As technology and more kinds of media have come about, it's no longer enough to be remembered. The consumer has too many choices. Your marketing has to send the message that you are relevant. You need to be sending reasons to buy." Advertisers are advised to focus on the economic concept of
Correct C ) utility Manufactured goods needed to produce other goods and services are called
Correct B ) capital goods. The dollar value of all final goods and services and the most comprehensive measure of a country's total production output is
Correct D ) Gross Domestic
A ) tools, equipment, and factories used in the production of goods and services; one of four factors of production.
Economics is the use of what to produce and distribute goods and services?
Correct D ) resources
Want is
Correct B ) way of expressing a need that leads to a preference for some goods over others
The fundamental economic problem is
Correct B ) scarcity.
Why do economists need to find the answer to all three of these questions?
Correct D ) there are not enough resources to satisfy people's seemingly unlimited wants
Markets where productive resources are bought and sold are ______ markets.
Correct A ) factor
The key feature of the circular flow of economic activity is the
Correct C ) market.
Economics is based on
Correct B ) scarcity. includes the tools, equipment, machinery, and factories used in the production of goods and services.
Correct B ) Capital Twenty percent of the world's people in the wealthiest nations consume ____ percent of the world's goods and services.
Correct A ) 86
In this passage, "Too much marketing today focuses on awareness rather than reasons to buy. In the old days, awareness advertising was more effective. There was less competition. All you had to worry about was whether or not people remembered your product. As technology and more kinds of media have come about, it's no longer enough to be remembered. The consumer has too many choices. Your marketing has to send the message that you are relevant. You need to be sending reasons to buy." Advertisers are advised to focus on the economic concept of
Correct C ) utility Manufactured goods needed to produce other goods and services are called
Correct B ) capital goods. The dollar value of all final goods and services and the most comprehensive measure of a country's total production output is
Correct D ) Gross Domestic