Economics Study guides, Class notes & Summaries

Economics Exam Review/68 Questions with Answers (Study cards for economics exam)

Economics Final Exam Questions And Complete Solutions

form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual - ANSWER-corporation payment made for the use of borrowed money - ANSWER-interest something of value that a lender can claim if a loan is not repaid - ANSWER-collateral unincorporated business owned and operated by two or more people - ANSWER-partnership persons or institutions to whom money is owed - ANSWER-creditors money borrowed that is guarantee...

Economics Study Guide (2023/2024) 100% Correct Economics social science dealing with study of how people satisfy unlimited/ competing wants with careful use of scarce resources. Scarcity fundamental economic problem facing all societies that result from a combination of scarce resources and peoples unlimited wants. Opportunity Costs cost of next best alternative use of money, time, or resources when one choice is made rather than another. Trade off alternatives that must be given up when one ...

Economics Final Exam Verified 100% Correct!!

Economics MIDTERM REVIEW Exam/74 Questions & Answers

economics - ANSWERS1. the study of how individuals and nations make choices about ways to use scarce resources to fulfill their needs and wants 2. Social science that deals with the study of the production, consumption, distribution of goods and services and the transfer of wealth to obtain those goods and services. scarcity - ANSWERSa situation in which unlimited wants exceed the limited resources available to fulfill those wants trade-offs - ANSWERSgiving up one thing in favor of anot...

Economics DEFINITIONS Latest 2023 Graded A economics the study of how individuals and nations make choices about ways to use scarce resources to fulfill their needs and wants consumer someone who buys a good or service needs requirements for survival, such as food, clothing, and shelter wants things we would like to have, such as entertainment, vacations, items that make life comfortable and enjoyable scarcity not having enough resources to produce all of the things we would like to have tr...

Economics Final exam|47 Questions and Answers|100% Correct