Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Economics is best described as the

07/01/2021 Client: saad24vbs Deadline: 7 Days

Scarcity exists because: (Points : 10)

a. human wants exceed the resources available to satisfy them.

b. some individuals have low income.

c. the costs of production are high.

d. some people make bad economic decisions

e. people take too much leisure time.



2. Which of the following statements best describes the study of economics? Economics studies how: (Points : 10)

a. to organize production so that scarcity does not occur.

b. firms make profits.

c. we make choices in the face of scarcity.

d. to create incentives so that scarcity does not exist.

e. businesses reach decisions.



3. The study of economics is best described as a study of: (Points : 10)

a. the factors that influence the stock and bond markets.

b. capitalism.

c. the choices made in producing goods and services.

d. coping with scarcity, and choices made as a result of scarcity in a society.

e. how people earn a living.



4. Economics is the social science that studies: (Points : 10)

a. the real reasons people buy goods and services.

b. the psychology of individuals and businesses.

c. whether a nation has enough natural resources.

d. how people make choices to cope with scarcity.

e. how choices made in the social interest could eliminate scarcity.



6. Items that are purchased by individuals for their own enjoyment are called (Points : 10)

a. consumption goods and services.

b. capital goods.

c. government goods and services.

d. exports of goods and services.

e. private goods

7. What would be an example of consumption good? (Points : 10)

a. Antonio, the manager of the local Taco Hut, purchases a new deep fryer.

b. The local driver's license office purchases a new digital camera and printer.

c. Rhianna gets a haircut.

d. Jake buys an iPhone.

e. Donald Trump purchases furniture for his office.


8. The largest share of total production in the United States is (Points : 10)

a. consumption goods and services.

b. capital goods.

c. government goods and services.

d. exported goods and services.

e. imported goods and services.


9. What would be an example of capital good? (Points : 10)

a. Jeanette buys a new dress.

b. The local driver's license office purchases a new digital camera and printer.

c. Antonio, the manager of the local Taco Hut, purchases a new deep fryer.

d. Apple sells computers to Japan.

e. Rhianna gets a haircut.


10. Goods and services bought by the government account for about ________ percent of total production. (Points : 10)

a. 2

b. 8

c. 17

d. 35

e. 67


11. The primary focus of microeconomics is: (Points : 10)

a. to examine the operation of the entire (aggregate) economy.

b. to examine the behavior and operation of the individual units or sectors that make up the economy.

c. our government's monetary policy.

d. the levels of employment and inflation.

e. to study how we managed to eliminate scarcity.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Helping Hand
University Coursework Help
Top Essay Tutor
Writer Writer Name Offer Chat
Helping Hand

ONLINE

Helping Hand

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$60 Chat With Writer
University Coursework Help

ONLINE

University Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$62 Chat With Writer
Top Essay Tutor

ONLINE

Top Essay Tutor

I have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades.

$65 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Need help on two assignments Quality Control - Venn diagram of jupiter and saturn - Acc 250 week 1 assignment - Philosophy 300words essay - Staircase equipment company uses a job order cost system - Dav letter accuracy question - Hawthorn drive surgery ipswich opening times - Futility wilfred owen poem analysis - How are plant assets reported on the balance sheet - Worksheet 15 molecular shapes - Mobile dog grooming doreen - Cuando vimos en la calle nos besamos. - Pride and prejudice character list - Type of placentation in mango - Past medical history of diabetes mellitus - Intercultural communication exam - 15.457 advanced analytics of finance - Application security - Ir spectrum of cyclopentanol - 13 corby lane carine - Hags rags drop rate - Flight management system er diagram - 4 stages of prodg - Dirichlet test for convergence proof - Discussion: The Need for Standards for Health Information Systems - The Breakfast Club Movie (1985) - F ma problems and answers - The house at sugar beach chapter summaries - Brivo acs onsite login - Food Labels! - Ao smith parts list - Back foot no ball - Fpa code of professional practice - Quantitative techniques exam questions answers - Writing assignment prove it - 1/3 of 5/8 in its simplest form - Tina jones abdominal assessment answers - First years gumdrop pacifier recall - First national bank charges 10.1 percent compounded monthly - Principles of effective communication interpersonal skills - Moreton bay pd online - Mcdonald's darling quarter haymarket nsw - Operation Security - Theory Paper - 7 domains of a typical it infrastructure - Ted michael tilson thomas - Variable expense ratio - 5 steps of the writing process - Luisa Anxiety Diagnosis and Assessment - Physics olympiad past papers - Talking boxes early years - It 210 milestone two technology solutions and recommendations - Field Experience B: School Psychologist and Administrator Interviews - An investment is acceptable if its irr - Bowie alcoholics anonymous - Labor relations and competitive bargaining - Economics-Microecon theory: Give two examples of insurance that you would or would not consider buying right now. Explain - But when his drinking and lusting and hunger for power - Dulux weathershield colours australia - 324 cliff drive katoomba - 2016 naplan numeracy test - Vroom and yetton contingency theory - The rate of flow of electric charge - St michael's college henley beach - Depriester chart how to read - 118 elements and their symbols - Power Point - PSycho - Tristan gottfried von strassburg summary - Pound to kg ratio - 4.4 5 exploring physical connectivity - Wisc v report example - International human resource management exam questions - Zeise's salt structure - Interactionist perspective on sports - Selection Process - The prince charles hospital education centre - 2-methylheptan-3-ol reacting with phosphorus tribromide. - Blaine kitchenware case study - Standing wave ratio animation - Laboratory assessment 4 cell structure and function - Tcas 2 impact factor - Cloud computing - How many electrons does rubidium have in its outer shell - The iconic hunter boots - Ict a level syllabus 2017 - Gender Differences In Early Development - Create a scenario summary report excel 2013 - Which of the following is correct concerning recording journal entries - A cement manufacturer has supplied the following data: - Double slit intensity graph - Dicussion ( Principle of Economics) SJ Week 8 - 3 fellers bakery case study - Characteristics of a faithful disciple - 700words: Effective leadership - Edexcel gcse mathematics linear 1ma0 coordinates answers - CCIS - Princ of Mngmnt Assignment 2 (twice) - Against the grain windows and doors - A trial balance before adjustments included the following - Ust ct scan price