Urgently Needed: Economics Work

profileProf_Maggie

Define the following

  1. A stock of a resource from which a person or place can be provided with the necessary amount of that resource.
  2. A certificate issued by a government or private company which promises to pay back with interest the money borrowed from the buyer of the certificate: The city issued bonds to raise money for putting in new sewers.
  3. Exchange goods without involving money.
  4. A situation in which unlimited wants exceed the limited resources available to fulfill those wants
  5. A limiting factor on purchases

5 True/False questions

  1. macro economics → deals with behavior and decision making by small units such as individuals and firms

           

  2. open market → Exchange goods without involving money.

           

  3. renewable resource → Any natural resource (as wood or solar energy) that can be replenished naturally with the passage of time

           

  4. commodities → study of how people and societies use limited resources to satisfy unlimited wants; the management of scarcity and choice

           

  5. trade → Items businesses sell that can be physically weighed or measured, such as iPods and CDs.

           

    • 9 years ago
    • 2.5
    Answer(1)

    Purchase the answer to view it

    blurred-text
    NOT RATED
    Bids(1)