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Economics

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Bennie Schultz

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Cards in this guide (9)
Which of these is not considered by economists to be a need A shoes B a hamburger C a cabin D a vacuum cleaner

A vacuum cleaner is not considered to be a need.

What type of goods are commonly used with other goods

Complementary

Complementary goods are commonly used with other goods
Which of these refers to the amount of goods offered for sale

Supply

Is a country standard of living higher or lower if it has fewer people per car
Higher
The country has a Higher standard of living if it has fewer people per car.

Think of it this way, if there is 1 person per car, more people must be able to afford cars, therefore good standard of living.

If many people must share vehicles, then the population must not be able to each afford their own automobile.
How can a trade deficit affect teenagers

jobs for teens may become scarce.

In which economic system does the government make most economic decisions

command economy

What is an example of an economic good

a motel room

Which isn't included in the study of social sciences

the structure and function of human body systems, A+ answers

Which of the following is an example of a business that provides both goods and services

Clothing store

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