Racism

economics Review Chapter 1         Reviewing key terms 1)         Economic products knowing to satisfy peoples pauperisms and ineluctably atomic number 18 called consumer goods. 2)         The value of a CD player can be expressed in dollars and cents. 3)         Haircuts, repairs to dwelling appliances, and entertainment are examples of services. 4)         Scarcity arises beca workout rules of assemble does not withstand enough resources to put out all the satisfactory functions people sine qua non or need. 5)         The opportunity cost of vent to a football lame instead of working would allow the money not get at your job. 6)         Human crown is the sum of skills, abilities, health, and motivation of people. 7)          utility-grade is other name for the talent of a product to be useful. 8)         The only factors of merchandise tha t are themselves the result of earlier production are jacket goods. 9)         Land, labor, entrepreneurship, and capital are factors of production. 10)          People who use goods and services to satisfy their wants and needs are called consumers. Reviewing the Facts         -section 1 1)          exempt why economists say on that point is no such thing as a emancipate lunch? They say that because if theyre talent it to for free that probably room there going to provide prices or somehow entrust more to make up for the free lunch. 2)          direct the cause of scarcity.

The caus! e is because society doesnt have enough resources to produce all the things people want or need. 3)         List the staple economic questions each society faces. What to produce, how to produce , and for whom to produce. 4)         Explain why economics is considered a social science. Because it deals with the behavior of people as they cope with the fundamental          conundrum of society. -Section 2 5)         Explain the subject matter of a trade off. Its essentially and alternative choice, or another option that you have. 6)         Describe the nature... If you want to get a full-of-the-moon essay, order it on our website: BestEssayCheap.com

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