Scarcity exists because: (Points : 10) a. Human wants exceed the resources obtainable to satisfy them. B. Some individuals have actually low income. C. The costs of production are high. D. Some human being make bad economic decision e. Human being take as well much leisure time. 2. I beg your pardon of the complying with statements finest describes the research of economics? business economics studies how: (Points : 10) a. Come organize production so the scarcity does not occur. B. Firms do profits. C. We make selections in the confront of scarcity. D. To create incentives so that scarcity does no exist. E. Businesses reach decisions. 3. The study of economics is ideal described as a research of: (Points : 10) a. The components that influence the stock and also bond markets. B. Capitalism. C. The choices made in producing goods and services. D. Coping with scarcity, and also choices made together a result of scarcity in a society. E. How human being earn a living. 4. Economics is the social science that studies: (Points : 10) a. The genuine reasons world buy goods and also services. B. The psychology the individuals and also businesses. C. Whether a country has enough natural resources. D. How civilization make options to cope with scarcity. E. How choices made in the social interest could eliminate scarcity. 6. Items that are purchased by people for their very own enjoyment are referred to as (Points : 10) a. Intake goods and also services. B. Capital goods. C. Government goods and also services. D. Exports of goods and services. E. Personal goods7. What would certainly be an example of intake good? (Points : 10) a. Antonio, the manager the the regional Taco Hut, to buy a brand-new deep fryer. B. The neighborhood driver\"s license office to buy a brand-new digital camera and printer. C. Rhianna it s okay a haircut. D. Jake buys an iPhone. E. Donald trump purchases furniture because that his office. 8. The largest share of complete production in the United states is (Points : 10) a. Intake goods and services. B. Resources goods. C. Government goods and also services. D. Exported goods and also services. E. Imported goods and also services. 9. What would certainly be an instance of capital good? (Points : 10) a. Jeanette buys a brand-new dress. B. The regional driver\"s license office purchases a brand-new digital camera and also printer. C. Antonio, the manager that the regional Taco Hut, to buy a new deep fryer. D. To apologize sells computers to Japan. E. Rhianna gets a haircut. 10. Goods and services to buy by the government account for about ________ percent of complete production. (Points : 10) a. 2 b. 8 c. 17 d. 35 e. 67 11. The primary emphasis of mixed economy is: (Points : 10) a. To examine the operation of the whole (aggregate) economy. B. To examine the behavior and operation of the individual units or sectors that consist of the economy. C. Our government\"s financial policy. D. The levels of employment and inflation.


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E. To study exactly how we regulated to remove scarcity.