| Questions | Answers |
|---|---|
| Incentives are the rewards and penalties associated with choices. | Incentives |
| When productive resources are limited and the human desire for goods and services is practically unlimited | scarcity |
| The highest valued alternative good or activity that must be sacrificed as a result of choosing an option | Opportunity Cost |
| Economic theory that states individuals make economic decisions when the value is determined by how much additional utility or benefit an extra unit of a good or service provides | Marginalism |
| Something that is advantageous and the expense to acquire something | Benefit and Cost |
| The study of how individuals, governments, business and other organizations make choices that affect the allocation and distribution of scarce resources. | Economics |
| A selfless concern for the well-being of others | altruism |
And here are some other online quizzes in the category 'Business and Finance':
191-200
Intro to Depository Institutions Vocabulary Quiz