We've found 13 Basic Economic Questions tests

Basic Economic Questions Cost Benefit Analysis Increase The Price Supply And Demand
01.09 Module One Exam – Flashcards 33 terms
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Rae Jordan
33 terms
Basic Economic Questions Economics
What Is Economics? Test Questions – Flashcards 40 terms
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Joel Boykin
40 terms
Basic Economic Questions Principles Of Economics: Microeconomics
AP Micro Economics Questions – Flashcards 114 terms
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Karen Combs
114 terms
Basic Economic Questions Economic Decision Making Economics History of Philosophy International Marketing Producing Goods And Services
Economics Unit 1 – Flashcards 69 terms
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Martha Hill
69 terms
Basic Economic Questions Economics Good Working Conditions History of the Americas Modern World History World History
The Enlightenment-Adam Smith: Laissez-faire – Flashcards 14 terms
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Bettina Hugo
14 terms
Basic Economic Questions Economics Three Economic Questions
Economics: Economic Institutions – Flashcards 28 terms
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James Hopper
28 terms
Basic Economic Questions Cost Benefit Analysis Economics
(FLVS) Economics with Financial Literacy "Module One Exam" – Flashcards 20 terms
Pedro Huang avatar
Pedro Huang
20 terms
Basic Economic Questions Consumer Economics Factors Of Production Land IB Economics Three Basic Economic Questions
ECON 202 Chapter 1 Answers – Flashcards 14 terms
Rae Jordan avatar
Rae Jordan
14 terms
Basic Economic Questions Economics
Economics With Finical Literacy Module 1 Practice Exam – Flashcards 41 terms
Pat Coker avatar
Pat Coker
41 terms
Basic Economic Questions Economics Goods And Services
Chap 1. – Flashcard 23 terms
Ruth Blanco avatar
Ruth Blanco
23 terms
Basic Economic Questions Economics Specialization And Trade Three Basic Economic Questions
Chapter 3 Economics – Flashcards 82 terms
Sean Mitchell avatar
Sean Mitchell
82 terms
Basic Economic Questions Principles Of Economics: Macroeconomics Principles Of Economics: Microeconomics
Exam One – Macro – Flashcards 92 terms
Ashlynn Thompson avatar
Ashlynn Thompson
92 terms
Basic Economic Questions Centrally Planned Economies Circular Flow Model Goods And Services History of the Americas Principles Of Economics: Macroeconomics
Microeconomics McConnell Chapter 2 – Flashcards 113 terms
Jaxon Craft avatar
Jaxon Craft
113 terms
Which of the following is not one of the basic economic questions? a. what will be produced b. how will it be produced c. where would it be produced d. for whom will it be produced
c. where would it be produced
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What 3 basic economic questions must a nation answer that defines their economy?
1) What goods and services should be produced? 2) How should the goods and services be produced? 3) For whom should the goods and services be produced?
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Which of the following addresses all three of the basic economic questions?
You start your own restaurant serving Japanese food, you hire local teenagers to work at your restaurant as servers and cooks, and your restaurant specializes in serving the daily lunch crowd.
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Basic economic questions answered by what has been done in the past
traditional economy
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Which situation best illustrates the basic economic questions? A. Your sister decides to make beaded bracelets and give them to friends. B. Your sister decides to make beaded bracelets and wear them all herself. C. Your sister hand beads the bracelets and sells them to neighbors D. Your sister goes to the store and purchases beaded bracelets from the jewelry department
C. Your sister hand beads the bracelets and sells them to neighbors
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Which situation best illustrates ALL THREE of the basic economic questions? A. You start your own shirt design company and sell your services to local businesses. B. You start your own shirt design company for fun, making shirts for your friends. C. You pay a shirt design company to make shirts for you. D. You start a shirt design company using your own equipment and serve local business
D. You start a shirt design company using your own equipment and serve local business
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The way in which an economic system answers the basic economic questions depends upon the country’s A) supply. B) government. C) demand. D) resources.
B) government. Each economic system must operate within the laws of the country. In some countries, government not only runs the country but also makes economic decisions. In other countries, government runs the country and allows the people to make their own economic decisions. Supply, demand, and resources aid in determining the answers to economic questions but only within the laws of the country.
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A system where the basic economic questions are determined, at least to some degree, through centralized government planning is referred to as a economy. 1) command 2) capitalistic 3) mixed 4) laissez-faire 5) communal
3 Basic Economic Questions
1. What to produce 2. How to produce 3. Who will get them Communism – Gvmt decides all.
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Understand the five basic economic questions that are answered with agricultural marketing.
Agricultural Marketing is Arena for organizing and facilitating business activities and for answering basic economy questions. Answer What to produce, How much to produce, Who should procure it, How to produce, How to efficiently distribute production
More test answers on https://studyhippo.com/aecn-225-exam-1/
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