Economics: Question Preview (ID: 32082)

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How many goods or services can a business make during a certain time
a) Business Productivity b) Saving c) Spending d) Budget
Plan that helps you decide how to spend or save money
a) Budget b) Buy c) Spending d) Standard of Living
How good a person's quality of life is
a) Standard of Living b) Budget c) Saving d) Business Productivity
Put money aside to use another time
a) Saving b) Business Productivity c) Budget d) Standard of Living
When a person chooses to focus on one special product
a) Specialization b) Budget c) Standard of Living d) Price Incentives
Using money to buy goods or services
a) Spending b) Budget c) Standard of Living d) Saving
Something given to encourage a desired action
a) Price Incentives b) Voluntary Exchange c) Budget d) Voluntary Exchange
Ways technology improves the quality of life
a) Technological Advancement b) Price Incentives c) Voluntary Exchange d) Saving
Give up because you choose to do or buy something else
a) Opportunity Cost b) Saving c) Price Incentives d) Technological Advancement
Choose to trade one item for another
a) Voluntary Exchange b) Price Incentives c) Technological Advancement d) Opportunity Cost
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