We've found 32 Resources Are Scarce tests

Basic Economic Problem Costs And Benefits Economics Environmental Economics Needs And Wants Resources Are Scarce
Econ Unit 1 Test- What is Economics? – Flashcards 95 terms
Trina Garrison avatar
Trina Garrison
95 terms
Economics Is The Study Of Goods And Services Law Enforcement Principles Of Economics: Macroeconomics Resources Are Scarce
ECON 201 Chapter 1 – Flashcards 179 terms
Clarence Louder avatar
Clarence Louder
179 terms
Law Of Supply And Demand Microeconomics Is The Study Of Principles Of Economics: Microeconomics Production Possibilities Frontier Resources Are Scarce
Econ Chapter 2 Test Questions – Flashcards 60 terms
Tiffany Hanchett avatar
Tiffany Hanchett
60 terms
Environmental Economics Long Run Average Cost Principles Of Economics: Microeconomics Public Economics Resources Are Scarce
Ch. 5 Externalities (L6) 19 terms
Marguerite Castillo avatar
Marguerite Castillo
19 terms
Centrally Planned Economy Goods And Services Principles Of Economics: Macroeconomics Principles Of Economics: Microeconomics Resources Are Scarce
ECON200 chapter 2 multiple choice 28 terms
William Hopper avatar
William Hopper
28 terms
Psychology Resources Are Scarce
Chapter 20 AP World History Vocabulary – Flashcards 23 terms
Jessica Forbes avatar
Jessica Forbes
23 terms
Basic Economic Problem Economics Principles Of Economics: Macroeconomics Resources Are Scarce Scarcity And Choice
Economics Final 2011 – Flashcards 94 terms
Niamh Mitchell avatar
Niamh Mitchell
94 terms
AP Economics AP Macroeconomics Economics Goods And Services Principles Of Economics: Macroeconomics Principles Of Economics: Microeconomics Resources Are Scarce
Flashcards on Economics Midterm Review 22 terms
Alice Rees avatar
Alice Rees
22 terms
Gains From Trade Goods And Services Increase The Price Resources Are Scarce Social Policy
Macroeconomics MT1 Hard Questions – Flashcards 111 terms
Amari Finch avatar
Amari Finch
111 terms
Economics Is The Study Of Goods And Services Resources Are Scarce
Micro Final Exam – Flashcards 109 terms
Adam Howard avatar
Adam Howard
109 terms
Because resources are scarce, what three questions must be asked of every economy?
The three questions are: what to produce, how to produce, and for whom to produce.
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what do most societies try and do because resources are scarce?
maximize what they can get for the resources they have to work with
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Explain what it “resources are scarce” means
The quantity available is not large enough to satisfy all productive uses (ex, petroleum, lumber, intelligence)
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Which of the following statements about opportunity cost are true? CHECK ALL THAT APPLY. It exists because resources are scarce. It influences consumers. It influences producers. It assists in anticipating profits. It encourages people to spread their resources around.
It exists because resources are scarce, it influences consumers, it influences producers
Because resources are scarce, all choices involve trade-offs, which means nothing is free.
true (Because time, energy, and other resources are scarce, no matter what choices people make, they are always giving up one thing to obtain another. Because all options have opportunity costs, nothing is free.)
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Florida schools offered cash bonuses to students who scored high on the state’s standardized exams. The cash bonuses are an example of this economic principle: Resources are scarce. -People usually take advantage of opportunities to make themselves better off. There are gains from trade. The real cost of something is what you must give up to get it.
-People usually take advantage of opportunities to make themselves better off.
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Which of the following scenarios would you expect for favor monogamy most strongly? a) The adult sex ratio is skewed such that females are much more abundant than males. b) Fertilization is external, with large numbers of individuals spawning together in swarms. c) Resources are scarce, and offspring are far more likely to survive if both parents provide care.
C Monogamy is likely when both parents can increase their fitness more by providing care than by seeking additional mating opportunities.
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Because resources are scarce relative to wants, the study of economics concerns
how individuals, business, and governments make choices
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