anything that gives a person utility
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funbus
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Freya Taiko
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49 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bad
Good
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
something that gives a person disutility.
Good
Bad
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the satisfaction one receives from a good.
Disutility
Utility
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the dissatisfaction one receives from a bad.
Utility
Disutility
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
this is needed to produce goods, sometimes referred to as
inputs or factor of production
Scarcity
Economics
Resource
opportunity cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the 4 general catergories of resources?
Land
Labor
Capitol
Exchange
Land
Labor
Capital
Entrepreneurship
Land
Labor
Capital
Exchange
Land
Labor
Capitol
Entrepreneurship
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
produced goods that can be used as further input
Labor
Capital
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