We've found 5 Fundamental Economic Problem tests

Economics Fundamental Economic Problem
apex 1.1 quiz economics – Flashcards 19 terms
Anthony Richie avatar
Anthony Richie
19 terms
Economics Fundamental Economic Problem
Econ ch 1-2 – Flashcards 83 terms
Sonia Kelly avatar
Sonia Kelly
83 terms
Economics Fundamental Economic Problem Wages And Salaries
Chapter 1: The Fundamental Problem – Scarcity and Choice – Flashcards 27 terms
Kenneth Wheeler avatar
Kenneth Wheeler
27 terms
Economics Factors Of Production Fundamental Economic Problem Production Possibilities Curve
Economics Unit 1 Answers – Flashcards 116 terms
Jason Westley avatar
Jason Westley
116 terms
Economics Fundamental Economic Problem Gross Domestic Product Needs And Wants
Chapter 1 Economics -McGraw Hill – Flashcards 43 terms
Richard Molina avatar
Richard Molina
43 terms
Kelly, a rich businesswoman, finds that no matter how many pairs of shoes she buys, she can still find plenty more that she wants. Her salary only allows her to buy fifty pairs of shoes per year. She cannot buy as many shoes as she wants. Kelly is facing… – the fundamental economic problem of scarcity – a large opportunity cost for her shoes – the fact that she cannot buy goods in a factor market – a small opportunity cost for her shoes
the fundamental economic problem of scarcity
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Kelly, a rich businesswoman, finds that no matter how many pairs of shoes she buys, she can still find plenty more that she wants. Her salary only allows her to buy fifty pairs of shoes per year. She cannot buy as many shoes as she wants. Kelly is facing: a. A large opportunity cost for her shoes b. a small opportunity cost for her shoes c. the fundamental economic problem of scarcity d. the fact that she cannot buy gods in a factor market
c. the fundamental economic problem of scarcity
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The fundamental economic problem is
scarcity, economics, needs and wants
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Kelly, a rich businesswoman, finds that no matter how many pairs of shoes she buys, she can still find plenty more that she wants. Her salary only allows her to buy fifty pairs of shoes per year. She cannot buy as many shoes as she wants. Kelly is facing a)the fact that she cannot buy goods in a factor market b)a small opportunity cost for her shoes c)a large opportunity cost for her shoes d)the fundamental economic problem of scarcity
The fundamental economic problem is the number of businesses that fail all over the world. a)true b)false
What is the fundamental economic problem?
The fundamental economic problem is scarcity
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