Economy

Question 1

What is not an example of Scarcity

Accepted Answer

books

Question 2

Where should an economist sell a water bottle that keeps your water cold?

Accepted Answer

Arizona

Question 3

What is not an example of an natural resource?

Accepted Answer

computer

Question 4

Scarcity is made by a shortage of money.

Accepted Answer

False

Question 5

Define a resource

Accepted Answer

a stock or supply of materials

Question 6

What is not one of the 4 basic economic questions

Accepted Answer

what is an economist?

Question 7

How is scarcity made.

Accepted Answer

want

Question 8

Example of Scarcity.

Accepted Answer

toilet paper in 2020

Question 9

Scarcity is made by need

Accepted Answer

False

Question 10

Three questions to manage scarcity?Which one is not a question.

Accepted Answer

What does the customer need?

Question 11

The BLANK combines the resources of land, labor, and capital into products.

Accepted Answer

Initiative of entrepreneurship

Question 12

What isn't an example of a resource

Accepted Answer

clouds

Question 13

Observers:how people BLANK organizing that data, and BLANK

Accepted Answer

make choices and predicting future choices

Question 14

4 factors of production

Accepted Answer

land, labor, capital, entrepreneurship

Question 15

Why are diamonds valuable?

Accepted Answer

Scarcity

Question 16

Wants are unlimited

Accepted Answer

True

Question 17

Who consumes these goods.

Accepted Answer

consumers

Question 18

Arizona is a good place to sell surf boards

Accepted Answer

False

Question 19

Scarcity affects the choices of Blank and Blank

Accepted Answer

producers and consumers

Question 20

What is the worst way to transport resources

Accepted Answer

by walking

Question 21

Wants are different based on where you live in the world

Accepted Answer

True

Question 22

A Economist is someone who makes clothes

Accepted Answer

False

Question 23

Choices for consumers and producers are necessary

Accepted Answer

True

Question 24

What is the best state to sell skis?

Accepted Answer

Colorado

Question 25

Economics: The study of how people make choices based on their BLANK and BLANK.

Accepted Answer

Unlimited wants and Limited resources

Economy

Questions 25

Economy

Questions 25