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Something that motivates a person to do something... is called:
an incentive
scarce resources
factors of production
When to produce?
be both helpful and harmful to consumers
a marginal benefit
public goods
regulations
Natural resources, entrepreneurship, and physical capital are examples of:
an incentive
scarce resources
factors of production
When to produce?
be both helpful and harmful to consumers
a marginal benefit
public goods
regulations
Consumers are protected by:
an incentive
scarce resources
factors of production
When to produce?
be both helpful and harmful to consumers
a marginal benefit
public goods
regulations
Which of the following is NOT a basic economic question that countries must answer?
an incentive
scarce resources
factors of production
When to produce?
be both helpful and harmful to consumers
a marginal benefit
public goods
regulations
Gold, oil, and water are examples of:
an incentive
scarce resources
factors of production
When to produce?
be both helpful and harmful to consumers
a marginal benefit
public goods
regulations
Externalities can:
an incentive
scarce resources
factors of production
When to produce?
be both helpful and harmful to consumers
a marginal benefit
public goods
regulations
Interstate highways, courts, and schools are examples of:
an incentive
scarce resources
factors of production
When to produce?
be both helpful and harmful to consumers
a marginal benefit
public goods
regulations
An additional positive benefit one receives from undertaking an action... is known as:
an incentive
scarce resources
factors of production
When to produce?
be both helpful and harmful to consumers
a marginal benefit
public goods
regulations
Check it!