An economy at its production possibilities frontier is operating

What occurs when a nation's total output of goods and services increases over time?

Which of the following is NOT one of the four factors of production?

The situation in which some necessities have little value while some non-necessities have a much higher value is known as

Manufactured goods needed to produce other goods and services are called

To arrive at an economic decision, a decision-making grid may be used to evaluate

Division of labor is a characteristic of

The study of economics is important because it enables us to

The dollar value of all final goods and services and the most comprehensive measure of a country's total production output is

A popular model used to illustrate the concept of opportunity cost is

The money used to buy the tools and equipment needed for production is known as

Actions in one part of the country or world that have an economic impact on what happens elsewhere are examples of

The study of how people try to satisfy their needs and wants through the use of limited resources is called

What factor of production describes people with all their efforts, abilities, and skills?

What economic problem is caused by the condition of not having enough resources to produce all the things people want?

What are the alternative choices made by consumers in the marketplace called?

Teachers: Create FREE classroom games with your questions Click for more info!
©2007-2024 Review Game Zone | About | Privacy | Contact | Terms | Site Map