1.How does scarcity affect producers?
●Limited costs prevent producers from hiking prices.
●Limited demand prevents producers from offering low prices.
●Limited time prevents producers from finding the best employees.
●Limited resources prevent producers from making unlimited products.
2.Which statement best explains the relationship between economic wants and needs?
●People do not need to fulfill either their needs or their wants to survive.
●People must fulfill their wants to survive,but they do not need to fulfill their needs to survive.
●People must fulfill their needs to survive,but they do not need to fulfill their wants to survive.
●People must fulfill both their needs and their wants to survive.
ok so mad your so wrong I got a 33 but the good things its only a practice so here are the real one
1.(D.)
Limited resources prevent producers from making unlimited products.
2.(D).
when sellers want to make more money
3.(A).
strong property rights
4.(B).
Money would not move through the economy very well.
5.(C).
People must fulfill their needs to survive, but they do not need to fulfill their wants to survive.
6.(D).
choosing options with the greatest benefits to the people
7.(A) failing railroad receives assistance from around the country.
8.Correct answer C.
What goods should be produced?
9.Correct answer B.
being named on the school honor roll
10.Correct answer B.
a tax on imports
11.Correct answer D.
Producers want a high quantity of sales.
12.Correct answer B.
They describe prices in relation to each other.
there are the real answer and please made make sure to check your answer not to be rude or anything but here hope this helps
Reed u NEVER help
here’s the real answers for the practice test dec 2021
1. D Limited Resources
2. C. needs to survive
3. D. greatest benefits
4. D . railroad
5. C what goods
6. B being named
7. B imports
8. D. high costs
9. B. prices in relation
10. C when buyers
11. A Strong property
12. B money
1. D Limited Resources
2. C. needs to survive
3. D. greatest benefits
4. D . railroad
5. C what goods
6. B being named
7. B imports
8. D. producers want a high quantity of sales
9. B. prices in relation
10. C when buyers
11. A Strong property
12. B money
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