Ec-10 Review Practice Test.
EC-10 REVIEW PRACTICE TEST. A characteristic of human wants is that they are - CORRECT ANSWER unlimited What is an example of an economic want? - CORRECT ANSWER Clothing An example of a non economic want would be the desire for - CORRECT ANSWER A friend An economic good or service that is scarce is one that is - CORRECT ANSWER limited supply If a good or service is scarce, consumers will usually be - CORRECT ANSWER willing to pay money to get it What is a characteristic of economic services? - CORRECT ANSWER They are useful "Economic votes" are cast by consumers each time they - CORRECT ANSWER Make a purchase Producers respond to consumers' positive economic votes by - CORRECT ANSWER Increasing production A student purchased a laptop to use for homework assignments. In economic terms, this computer would be classified as a(n) __________ good. - CORRECT ANSWER consumer Each day, a restaurant sends its used linens to a laundry to be cleaned and pressed. In economic terms, the laundry service would be classified as a(n) __________ service. a. consumer b. ultimate c. tangible d. industrial - CORRECT ANSWER d. industrial
Información del documento
- Subido en
- 26 de mayo de 2024
- Número de páginas
- 3
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
