Economics Basics

Question 1

What are important factors to consider when making decisions?

Accepted Answer

The costs and benefits

Question 2

Why do people make trade off's?

Accepted Answer

Sometimes they need something someone else has to meet demands

Question 3

Is this something people deal with daily?

Accepted Answer

Yes

Question 4

Does identity theft become easier to fall victim of as an adult?

Accepted Answer

Yes

Question 5

Is decision making important?

Accepted Answer

True

Question 6

What are ways to protect yourself from identity theft?

Accepted Answer

Circle and Diamond

Question 7

What is the definition of "Economics"?

Accepted Answer

The study of the choices ppl make for their wants and needs

Question 8

How does this connect to the real world?

Accepted Answer

Because businesses(& etc.) deal with scarcity of resources often

Question 9

Who deals with scarcity and consumer demand?

Accepted Answer

All of these

Question 10

What are the terms for "additional costs" and "additional benefits"?

Accepted Answer

marginal costs and benefits

Questions 10