Which of the following are economic resources
[DOC File]Chapter 01 Economics: The Core Issues
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1. Which of the following is not one of the three core economic issues that must be resolved? A. How to produce the goods and services we select B. What to produce with unlimited resources C. Who should get the goods and services we produce D. What to produce with limited resources 2. The fundamental problem of economics is: A.
Chapter 02 Money Management Skills
45) Money management refers to annual financial activities necessary to manage personal economic resources. FALSE. Money management refers to day-to-day financial activities. ... 52) Given the following information, calculate the debt payments ratio: Liabilities $24,000 Liquid assets $4,400 Monthly credit payments $300 Monthly savings $260 Net ...
[DOC File]AP ECONOMICS CHAPTER 1 STUDY GUIDE
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B) economic freedom and income equality. C) scarce economic resources and unlimited economic wants. D) growing populations and the depletion of natural resources. 12. In every economic system, choices must be made because resources are: A) infinite, but economic wants are finite. B) finite, but economic wants are insatiable.
[DOC File]CHAPTER 1: TEST BANK
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The next three questions refer to the following production possibilities curve for medical care and education. 7. If the economy is at point F, it represents: a. unemployment and/or inefficiency. b. overemployment. c. an impossible point to reach with available resources. d. an optimum use of society’s resources. 8. Point G represents:
[DOC File]Edu @ Thinus - Home
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In a command system, economic planners would be concerned with all but one of the following areas. The exception is: an appropriate allocation of resources between …
[DOC File]CHAPTER 1
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The economic rationale for the law of increasing opportunity costs is that economic resources are fully adaptable to alternative uses. T F Efficiency in the allocation of resources is determined by assessing the marginal costs and benefits of the output from the allocation of resources to production.
[DOC File]Economics, Public Policy and the Environment
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In recent history, two kinds of economic systems have emerged: 1) Centrally planned economy. 2) Free-market economy. Elements that constitute factors of production: 1) Land (natural resources); 2) Labor; 3) Capital. These elements make up an important part of the economic cycle. The cycle applies to both systems that exist today.
[DOC File]CHAPTER 2 Exam - Scarcity and the World of Trade—offs
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3) The problem of economic scarcity applies. A)only in industrially developed countries because resources are scarce. B) only in underdeveloped countries because there are no productive resources. C) only in economic systems that are just beginning to develop because specialized. resources are scarce.
[DOC File]AP ECONOMICS CHAPTER 2 STUDY GUIDE TB2
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C) scarce economic resources and unlimited economic wants. D) growing populations and the depletion of natural resources. 2. In every economic system, choices must be made because resources are: A) infinite, but economic wants are finite. B) finite, but economic wants are insatiable. C) unlimited, but economic wants are limited.
[DOC File]Multiple choice questions
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b. II and III only c. I, II and III only d. IV only 12. Which of the following is not a requirement for economic development? a. a temperate climate. b. natural resources. c. an adequate capital base. d. technological advance. 13. Which one of the following countries is not a high-income country? a. Germany. b. The United Kingdom. c. Canada. d ...
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