Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
6 Cards in this Set
- Front
- Back
|
Which of the following can overcome the problem of scarcity?
A. Technology B. Education C. Democracy D. None of the above: Scarcity is present in all societies |
D
|
|
|
Which of the following is the best example of a renewable resource?
A. Forest B. Diamonds C. Coal D. Natural Gas |
A
|
|
|
which of the following would be classified as a captial resource?
A. The money in your checking account B. A caterpillar bulldozer C. Oil D. 100 shares of general motors |
B
|
|
|
The most fundamental concepts underlying the discipline of economics are
A. scarcity and choice B. supply and demand C. money, stocks, and bonds D. inflation and unemployment |
A
|
|
|
The branch of economic that focuses on economy wide variables like inflation and unemployment is called
A. free-market economics B. mircoeconomics C. Macroemonmics D. aggregate |
c
|
|
|
An economic model us useful only if it
A. contains no postive statements B. Captures all the complexties of reality C. yields accurate predictions D. has both macro and mirco applications |
need answer
|
