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Econ Revi Flashcards | StudBud
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Econ Revi
Econ Revi
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StudBud Administration
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19 plays
Helps u study for a chapter one econ test or quiz
Flashcards
11 cards
F
Practice quiz
P
Host live
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Questions
11
Answers
1
What is economics
Dwayne "The Rock"Johnson
how stuff is given
how stuff is received
how limited resources are divided up
2
Definition of a good
something u buy
physical product
something someone does for u
food
3
Scarcity is a permanent condition of limited resources
True
False
4
What is not a factor of production
Labor
Products
Land
Technology
5
A service is something someone does for u
True
False
6
What is technology
any tech that moves us forward
I-Phone
Tablet
anything new
7
How many factors of production are there
5
3
9
6
8
What is a shortage
Mark Davis
random stuff
temporary lack of resources
permanent lack of resources
9
What is guns and butter an example of
P.P.F
F.F.P
P.F.F
A.P.A
10
What is entrepreneurship
the desire to sell stuff
the desire to get rich
the desire to produce
the desire to go home 🏠
11
Is Mr.Davis the tallest person in his family 👪
yes
maybe so
no
idk
