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Mikayla: The basics of economics Flashcards | StudBud

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Mikayla: The basics of economics

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Questions 10

Answers

1
In Maslows Hierarchy, esteem is..
morality, and inner potencial
is a sense of conection
saftey and security
confience, and the need to be unique
2
The economizing dilemma is the means of producing goods and services that are limited.
True
False
3
The term suppy refers to..
the amount of a product that sellers are wlling to sell
the quantites of a product or serivce that buyers aee willing to buy
tangibke or physical products
intangible or non physical products
4
The purpose of business is to...
a comerical enterprise
satisfy consumers needs and wants
make a profit
produce goods and services
5
true or false : there are 5 colums in Maslows Hierachy
True
False
6
which 2 way can tecnology make a better work space
its slow
loss of jobs
cheaper to use
its faster
7
Somthing you cant live without are..
wants
car
phone
needs
8
The Equalibrium is...
the point were the serive and demand meet
the name of a graph
the point were the supply and demand meet
the starting point on a graph
9
What is the Law of Demand
as price rises the corresponding quainty supplied rises as the price falls
it is the point at witch supply and demand meet
provides a relationship between service and demand
as the price of a product increases the quanity falls
10
An example of a want is...
shelter
money
water
food