Renewable resources are replenished naturally and over ________ periods of time.
Responses
long
long
short
Short
The branch of social science that deals with the production, distribution, and consumption of goods and services and their management is called?
Responses
sociology
sociology
psychology
psychology
economics
Economics
A price incentive acts as an incentive to buyers/sellers, & ________ prices encourage demand and high prices discourage demand.
Responses
low
low
high
High
A tax imposed on imports, which is a type of trade barrier, is called a _____________.
Responses
tariff
tariff
opportunity cost
opportunity cost
capital gain
Tariff
________ resources can include the goods needed to produce other goods and services. For example: buildings, machinery, tools, equipment.
Responses
Capital
Capital
Human
Human
Natural
Natural
Capital
Anything that can be used to produce goods and services is called a _______________.
Responses
resource
resource
producer
producer
part