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Study with Quizlet and memorize flashcards containing terms like What type of a good is a truck used by a florist to deliver flowers, Which group favored a natural economy, If Gordon accounting business had expenses = 90k and revenues totaling 115k last year but he could have had a salary of 80k working for someone else what was his opportunity ...
Study with Quizlet and memorize flashcards containing terms like What type of good is a truck used by a florist to deliver flowers?, Which group favored a "natural economy"?, If Gordon McConnell's accounting business had expenses equaling $90,000 and revenues totaling $115,000 last year, but he could have had a salary of $80,000 working for ...
A truck used by a plumber is a type of a. capital. b. labor. c. raw good. d. modus transportius.
Transportation equipment, such as cars and trucks, is capital. Facilities such as roads, bridges, ports, and airports are capital. Buildings, too, are capital; they help us to produce goods and services.
Define economics. Explain the concepts of scarcity and opportunity cost and how they relate to the definition of economics. Understand the three fundamental economic questions: What should be produced? How should goods and services be produced? For whom should goods and services be produced?
May 31, 2018 · Are you a fan of Quizlet as a low-stakes way of revising core content for your exams? We have put together our growing collection of Economics quizlet resources into one folder to help!
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ECON: UNIT 1 TEST REVIEW (2018) quiz for 10th grade students. Find other quizzes for Social Studies and more on Quizizz for free!
