ECON 237 chapter on- p.q & q

Does the following example describe either a domestic market for goods/services or a domestic market for labor? Select the best answer.
A market where employees are paid benefits
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Which statement is correct? Select the best answer.economics is the study of how humans make decisions when there are scare resourcesDoes the following example describe either a domestic market for goods/services or a domestic market for labor? Select the best answer. A private schoolyes, this describes either market for goods/ services or a market for laborWhich definition matches the following term? Select the best answer. The Wealth of Nationsbook written by adam smithWhat kind of economic system does the following statement describe? Select the best answer. A country where the companies are owned by the governmentcommand econWhat kind of economic system does the following statement describe? Select the best answer.A country where people raise their own livestock for food and labortraditionalWhat can a circular flow diagram (CFD) represent? Select the best answer.international tradeIs the following scenario an example of globalization? Select the best answer.Epcot at Disney World hosts an international food and wine festival.globalizationWhy does economics play an important role in our lives? Select the best answer.helps us understand unemploymentWhich statement is correct? Select the best answer.The theory of economies of scale says that because of specialization, the same quantity of output can be produced faster and at a lower cost per unit.Does the following example describe either a domestic market for goods/services or a domestic market for labor? Select the best answer. A market where health care is bought and soldyesIs the following scenario an example of globalization? Select the best answer. A local zoo has an exotic birds exhibit.yesWhich definition matches the following term? Select the best answer. Economies of scaleas the level of production increases, the average cost of producing each individual unit declinesWhat kind of economic system does the following statement describe? Select the best answer.A country like the USA, which is capitalistmarket economyWhy does economics play an important role in our lives? Select the best answer.It helps us understand the issues that relate to the gender pay gap.What can a circular flow diagram (CFD) represent? Select the best answer.flow of goods between markets