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P.O.B. Final Review
Terms in this set (10)
Tony is trying to decide on which cars to sell at his dealership. He completed a spreadsheet to compare the options of cars. Which part of economic decision-making process has he performed?
Evaluating the advantages and disadvantages of each choice
Janes's Steakhouse offers several dishes that may include whole wheat, corn, or beef. Which type of resource is included in the dishes?
John specializes in leasing commercial buildings to manufacturing companies. In which type of resource does he specialize?
Which is an example of consumers setting the demand?
Consumers bought less of the old version of a video game once the new one was released
Duke Energy Power Company uses water to power the area. Which resource is Duke Energy Power using?
Brandon's Towing Company added flat tire replacement services. Which economic question does this address?
What to produce?
Jewel Manufacturing Company changed its production line to include more workers and decrease production time. Which economic question does this address?
How to produce?
Tina needs to find employment to earn an income. She applied for positions as a teacher, contractor, and coordinator. Which part of the economic decision-making process has she performed?
Which is an example of a company establishing supply?
Walmart sends only five touch screen computers to each store
An example of a value for a command economy is:
A central leadership group expecting all the profit from production
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