Name one component in a computer.
Fan, CPU, GPU, motherboard etc
What are the factors of production?
Land, labour, capital, enterprise
What is the definition of goods?
Physical items that can be produced, bought and sold.
What is the charge of an electron?
-1
What is the full name for CPU?
Central Processing Unit
What is wants?
A want is a good or service which people would like to have, but which is not essential for living. Peoples' wants are unlimited.
What is the factor income for land?
Rent
What is an atom's atomic number equal to?
The number of protons.
What is the clock speed of a computer?
2.5-3.5 GHz
What are needs?
A need is a good or service essential for living.
What is the definition of free goods?
There is no opportunity cost in producing or consuming these goods.
What is the mass number of an atom?
What's the name of the wire that connects each component in a computer?
Buses
What is opportunity cost?
Opportunity cost is the next best alternative given up by choosing another item.
What is the basic economic problem?
Limited resources and unlimited wants and needs.
The nucleus of an atom is what charge?
Positively charged