POBF 5.01 Review

A local dry cleaner that also launders and presses shirts is selling:

Utility is about what the ______ thinks.

In which of the following are decisions made by the individuals and firms?

Societies must determine how goods and services are divided among people is which question?

What is one of the major economic activities?

A major characteristic of a market economy is which type of property ownership?

Which is the process or activity of using goods and services?

What kind of trees did the Once-ler love?

Which situations would cause price to rise?

What are tangible objects that can be manufactured for resale?

Which change provides the most time utility for a consumer?

A killing frost destroys 80% of Florida's citrus crop. This will most likely create:

Which of following is not true about marketing?

When prices increase, producers usually:

Form utility is:

Mrs. Richardson's favorite color is

A consumer is:

Which is an external factor that affects buying power?

What is scarcity?

What is an economic want?

What is an industrial goods?

Nowadays, what do consumers usually buy?

Which of the following incorporates elements of both command and market systems?

What is an example of a service?

Desires for items that can be obtained by spending money is:

What is one principle of supply and demand?

What is an example of a good?

Which occurs when the supply of individuals who are able and willing to work diminishes?

What is a desire that may or may not be required?

Which group of words best describe wants?

If a family member of a N. Korean escaped the DMZ, what would happen to the rest of the family?

An example of an economic want is:

Economic resources are also known as

The desire for which item(s) would be considered a non-economic want?

Inside North Korea: Why were Lisa Ling and the crew visiting North Korea?

What are examples of natural resources?

Which is not an element of Capitalism

Scare resources must be used:

What countries goes through or have experienced scarcity?

What are major economic activities?

In the Lorax, what did the pile of rocks say?