Civics and Econ Goal 7

the essential economic problem, there are too many wants and few resources to fulfill them

Which is not one of the three economic questions entrepreneurs must ask?

money or income that a business or the government collects as payment

The total value of all goods and services produced in one year...

additional usefulness received from acquiring or consuming an additional good or service

One who starts the business and gets the idea rolling...

Which of the following is NOT a nonrenewable source of energy?

When a market economy is free to thrive based on competition and little government regulation..

The Natural Resources and area on which a business and idea must come to life

the branch of knowledge that deals with scarcity and the science of making decisions...

The tools used for production in the process...

Which one produces more when it comes to production of goods?

Which sector of the US economy is where the factors of production are bought and sold?

Which of the following is an example of non renewable energy?

Which sector of the market would IBM computers fall under?

when you add your fixed and variable costs...

this can often be replaced by using robots and advanced machines...

When you pay taxes or there are safety concerns which sector of the US economy is in operation?

which sector of the economy would Walmart fall under?

which sector of the market do YOU fall under?

a cost that changes based on irregular consistency such as air conditioning repairs, etc.

Which of the following is NOT labor

in a cost benefit analysis, you always want your ____ to outweigh your costs

the degree of wealth or comfort at which you live is your...