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Econ Intro Flashcards | StudBud
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Econ Intro
Econ Intro
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StudBud Administration
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120 plays
#market economy #command economy
Flashcards
7 cards
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Practice quiz
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Questions
7
Answers
1
Trey's opportunity cost for going to a $8 drive in movie on a night he normally works 8 hours
$64
at least $80
at least $84
$8
2
The employees of a hospital represent the factor of production known as..
Entrerpreneurship
Land
Labor
Human Capital
3
Economics is the study of how people with ...
unlimited wants make decisions based on abundance
unlimited wants make decisions based on scarcity
limited wants make decisions based on scarcity
limited wants make decisions based on abundance
4
This factor of production combines the other three to start a trucking company for example
Capital
Entrepreneurship
Labor
Land
5
The collective degrees and training that all the engineers for IBM have are an example of ....
Labor
Human Capital
Entrepreneurship
Land
6
An employee at Burger King is an example of the factor of production known as ...
Land
Labor
Entrepreneurship
Human Capital
7
The cars for a traditional dying taxi cab company are examples of
Entrepreneurship
Labor
Land
Capital
