
From which of the following is the word "economy" derived
A) environment
B) one who manages a household
C) one who participates in a market
D) allocation
Correct Answer:
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Q1: What do households and economies have in
Q3: When is a good considered scarce in
Q8: What do economists study?
A) how people make
Q10: Which word comes from the Greek word
Q10: What concept is illustrated by the adage,
Q11: What is NOT included in the decisions
Q12: What is an economy experiencing when a
Q17: What does economics study?
A) finance
B) how society
Q18: Approximately what percentage of the world's economies
Q20: What does the saying "There is no
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