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Economics Flashcards | StudBud

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Which of these is True?

Which keyword is or is not in the definition of Economics?

Economics

4 terms·StudBud Administration·5 plays

Financial Literacy Unit 1

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Questions 4

Answers

1
Which keyword is or is not in the definition of Economics?
A Want
Cycle
Physical
Money
2
Which of these is True?
You have to spend money to be considered an economic
Money you earn per hour
A physical item that is an economic want
Economics uses your skills abilities and talents.
3
Which of these is false about economics.
At a candy store, as if you need help and you dont know.
Understanding the cycle of money
You'll struggle if you don’t know the cycle of money
4
How does the cycle of money work?
Goes from Frederal\State to your income
Goes from your income to taxes to Federal\State Government.
Goes from your taxes to the State then to income
Goes from your income to your taxes