Intro to Economics

Which of the following is NOT a factor of production?

Results from a society not having enough resources available.

We study Economics because it enables us to...

The money used to buy tools and equipment for production

A basic requirement for survival.

The dollar value of all final goods and services a counrty produces in one year.

A way of expressing a need.

The study of how people try to satisfy what appears to be unlimited wants through careful use of scarce resources

Which of the following is NOT a basic economic question?

A risk taker in search of profits.