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Science
Economics
Introduction To Economics example #69486
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Introduction To Economics
Zayne Edwards
16 October 2022
4.7
(114 reviews)
9 test answers
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(5)
question
Which best describes the role of a consumer?
answer
buying goods
question
Consumers influence producers because consumers supply
answer
necessary capital.
question
Studying economics best helps an individual determine how to achieve economic
answer
goals.
question
A producer would most likely
answer
serve in a coffee shop.
question
Based on the lesson, what would most effect the price of a new laptop computer?
answer
the demand for the added performance elements
question
An economist most likely spends time studying
answer
interactions between producers and consumers.
question
Which activity would a consumer most likely perform?
answer
filling a lawnmower with gas
question
Which situation best illustrates the concept of scarcity?
answer
a person buying a used car due to limited income
question
What determines the balance of production and consumption?
answer
scarcity
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