Which is an example of an economic service?
A killing frost destroys 80% of Florida's citrus crop. This will most likely create:
Which is a natural resource that can be renewed through people's efforts?
The desire for which item(s) would be considered a noneconomic want?
A local dry cleaner that also launders and presses shirts is selling:
Which is an external factor that affects market price?
A farmer has 1,000 acres. He decides to plant apple trees on 800 acres and raise cows on the remaining 200 acres. If he wanted to raise more cows, he would have to reduce the amount of land allotted to growing apples. This is an example of:
Which group of words best describes wants?
Which is a reason that natural resources are considered limited?
Which occurs when the supply of individuals who are able and willing to work diminishes?
The usefulness of a product to consumers is referred to as product:
When prices increase, producers usually:
A local dealership purchased 100 blue pickup trucks, but has only been able to sell three in the past five months. Because of the low demand for these trucks, the dealer has been forced to lower the sticker prices, creating which type of market for b
Which change provides the most time utility for a consumer?
Equilibrium price of a good or service is determined by trial and error and exists when:
One factor that might limit the human resources available for certain jobs is a/an:
A business that begins selling winter holiday decorations in late autumn is creating what type of utility?
Which situations would cause prices to rise?
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