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Economics Basics Flashcards | StudBud

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Economics Basics

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Questions 4

Answers

1
Which of the following is an example of an incentive?
blackmail
published rewards & punishments
congratulations after the fact
$ for grades
2
What is scarcity?
limited resources to meet my unlimited wants
a limited edition of a painting
the flue
a shortage
3
Which is an example of "opportunity cost?"
paying your bills
doing your homework
studying for an exam instead of going out with your friends.
drinking a coffee
4
Economics is
Global Economy & Wealth
The Stock Market
Choices and People
People and Money