EC-070
What does the service business sell
What is Intangible sell
Into what two categories can wants be divided?
What is Economic and noneconomic
A characteristic of human wants is that they are
What is unlimited.
What is Severe drought climate shifts or seasonal weather changes.
New study finds fidget spinners significantly improve learning and attention in the classroom
What is Demand will go up, price went up and quantity went up
Retailers sell to consumers while wholesalers sell to
What is Other business
Which of the following groups of words best describes wants:
What is Unlimited, changing, and competing
Which of the following is an example of an economic want
What is Clothing
How could the Pacific ocean be a limited Resource
What is Severe Pollution
The price bearings, a key resource in production, increases
What is Supply decrease, price increase and quantity decreased
A company that transforms cotton into wearable clothing is considered a
What is Manfacturer
A manager is willing to accept the production of fewer products as long as their workers produce higher-quality products. The manager is making a(n)
What is trade-off.
Producers respond to consumers’ positive economic “votes” by
Who is increasing production.
How could the Screwdriver be a limited Resource
What is Factories produce stalls, steel material shortages, or shipping delays.
A late freeze destroyed most of the citrus fruit in Florida
What is The price will increase and supply will decrease
John only had $40 to spend and couldn’t decide whether to buy a new pair of jeans or to go to an amusement park. He finally decided to spend his money on the amusement park. What was the opportunity cost of his decision?
What is New pair of jeans
A student purchased a laptop to use for homework assignments. In economic terms, this computer would be classified as a(n) __________ good.
Who is consumer
How Could Sliver Resource
Become Limited?
Who is depletion of accessible mines, political instability in mining regions
There are 1,000 concert tickets available for a popular singer 1,500 people want to buy the tickets
What is The demand is greater than supply. Price would increase.
What do consumers, producers, and the owners of resources do with money payments to create a flow of resources, goods, services, and money payments?
Who is Exchange
Each day, a restaurant sends its used linens to a laundry service to be cleaned and pressed. In economic terms, the laundry service would be classified as a(n) __________ service.
What is industrial
How does welder become a limited resource
What is Lack of training programs, aging workforce retiring or wage competition.
The College Bookstore has 100 computer books to sell that were published five years ago.
What is The price would decrease due to changes in technology