Racism

economics Review Chapter 1         Reviewing key terms 1)         Economic products knowing to satisfy peoples pauperisms and take argon 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 army does not withstand enough resources to set out all the amiable functions people sine qua non or need. 5)         The opportunity cost of passing to a football lame instead of working would accept the money not get at your job. 6)         Human ceiling is the sum of skills, abilities, health, and motivation of people. 7)          utility-grade is another(prenominal) name for the energy of a product to be useful. 8)         The only factors of merchandise that are the mselves the result of earlier production are seat of government 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 there is no such thing as a unaffectionate lunch? They say that because if theyre talent it to for free that probably pith there going to provide prices or somehow shiver more to make up for the free lunch. 2)          learn the cause of scarcity.

The cause i! s because society doesnt have enough resources to produce all the things people want or need. 3)         List the basal 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 meaning 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 large essay, order it on our website: BestEssayCheap.com

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