Define the term listed below:
Tangible
midterm economics study guide
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Business
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9th Grade
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Unreal Name
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57 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term listed below:
Tangible
Physical assets or objects that can be touched or measured, such as machinery or buildings.
Resources used to produce goods and services, including financial, physical, and human capital
The economic principle that resources are limited while human wants are unlimited
The branch of economics that studies individual behavior and decision-making in small units, such as households and businesses
A set of principles or ideas used to explain and predict economic behavior
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term listed below:
Capital
Physical assets or objects that can be touched or measured, such as machinery or buildings.
Resources used to produce goods and services, including financial, physical, and human capital
The economic principle that resources are limited while human wants are unlimited
The branch of economics that studies individual behavior and decision-making in small units, such as households and businesses
A set of principles or ideas used to explain and predict economic behavior
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term listed below:
Scarcity
Physical assets or objects that can be touched or measured, such as machinery or buildings.
Resources used to produce goods and services, including financial, physical, and human capital
The economic principle that resources are limited while human wants are unlimited
The branch of economics that studies individual behavior and decision-making in small units, such as households and businesses
A set of principles or ideas used to explain and predict economic behavior
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term listed below:
Microeconomics
Physical assets or objects that can be touched or measured, such as machinery or buildings.
Resources used to produce goods and services, including financial, physical, and human capital
The economic principle that resources are limited while human wants are unlimited
The branch of economics that studies individual behavior and decision-making in small units, such as households and businesses
A set of principles or ideas used to explain and predict economic behavior
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term listed below:
Theory
Physical assets or objects that can be touched or measured, such as machinery or buildings.
Resources used to produce goods and services, including financial, physical, and human capital
The economic principle that resources are limited while human wants are unlimited
The branch of economics that studies individual behavior and decision-making in small units, such as households and businesses
A set of principles or ideas used to explain and predict economic behavior
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term listed below:
Opportunity Cost
The value of the next best alternative that is foregone when making a choice.
Inputs used to produce goods and services, such as land, labor, and capital.
A mechanism for determining how resources or goods are distributed, often based on price or priority.
A situation where choosing one option requires giving up another.
A factor that motivates or influences behavior and decision-making.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term listed below:
Resource
The value of the next best alternative that is foregone when making a choice.
Inputs used to produce goods and services, such as land, labor, and capital.
A mechanism for determining how resources or goods are distributed, often based on price or priority.
A situation where choosing one option requires giving up another.
A factor that motivates or influences behavior and decision-making.
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