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Annmarie Annmarie
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6 years ago
Bonnie volunteers to help make floral arrangements at a flower shop. She is an example of
 
  A) entrepreneurial ability.
  B) labor.
  C) physical capital.
  D) human capital.


Ques. 2

Microeconomics examines the
 
  A) total household expenditures.
  B) behavior of the economy as a whole.
  C) aggregate business spending.
  D) decision making undertaken by individual households.


Ques. 3

The arrangements that individuals have with each other to exchange goods is known as
 
  A) demand.
  B) supply.
  C) a market.
  D) complements.


Ques. 4

Which of the following is NOT an economic resource?
 
  A) money
  B) low-skilled labor
  C) coal
  D) an engineer


Ques. 5

Voluntary exchange
 
  A) will eliminate scarcity.
  B) is a nonprice rationing device.
  C) is trading so that the consumer and producers are better off.
  D) never involves transactions costs.


Ques. 6

A man-made resource such as a building or a machine is an example of which resource?
 
  A) entrepreneurial ability
  B) labor
  C) physical capital
  D) human capital
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KalaKala
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#1
6 years ago
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#2
3 years ago
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