10CMM - Economics Basics

Buying a cheaper brand when the price of your original one increases is an example of ...

As prices increase, consumers will buy less in quantity of a product. This is known as ...

In economics, which of these is a need?

In Maslow's Theory, how many tiers are in the diagram?

The idea of choice presents a problem in economics which is?

The study of how people distribute scarce resources is ...

In economics, a want is ...

The tier at the top of the Maslow's Theory diagram is ...

Soccer ball and shin guards are examples of ...

The condition arising from unlimited wants and limited resources is ...

The more satisfaction you receive from a good ...

Going to the doctor or hairdresser is an example of ...

The physical and mental effort required to produce goods and services is ...

That which is given up when purchasing something else is ...

Items from nature that are used to create goods and services are ...

The economic problem is ...