Basics of Economics (Slides 1-12) Flashcards

1

What makes goods industrial?

2

What kind of industrial product is a tire?

3

What kind of consumer good is fancy silverware?

4

What are the characteristics of wants?

5

Which of the following is an example of a consumer good?

6

Which of the following is a service?

7

What kind of consumer product is insurance?

8

All wants cost money

9

Which of following qualifies as a need?

10

College educations are a shopping product

Basics of Economics (Slides 1-12)