QUESTION IMAGE
Question
- what does criteria mean?
a. standard of judgment for comparing and contrasting
b. standard of judgement for analyzing and defining.
c. standard of judgement for evaluating and processing
d. standard of judgement for evaluating and comparing
28 what does consequence mean?
a. a reaction to your actions
b. to think logically
c. something that you put off
d. something that you out first
- list three (3) basic resources?
a.
b.
c.
30 opportunity cost means?
a. give up owning new products that you really want.
b. making a decision
c. to get something else
d. all the above
- what is marginal cost?
a. the cost of living
b. the cost to work
c. the benefit of purchasing
d. the cost of obtaining an item
e. none of the above
32 what is marginal benefit?
a. the benefit of purchasing an item
b. the benefit of selling an item.
c. the benefit of evaluating an item
d. the benefit of maximizing a product.
- what are three (3) powerful health tools?
a.
b.
c.
- Question 27: Criteria are standards used for evaluating and comparing. It helps in making judgments.
- Question 28: A consequence is a reaction to one's actions. It is the result of what one does.
- Question 29: Basic resources can include natural resources (like land), human - resources (labor), and capital resources (money, equipment).
- Question 30: Opportunity cost involves giving up something to get something else. It is related to decision - making as when one makes a decision, they forgo other alternatives. So it includes all the aspects mentioned.
- Question 31: Marginal cost is the cost of obtaining an additional item. It is not the cost of living, cost to work, or the benefit of purchasing.
- Question 32: Marginal benefit is the additional benefit of obtaining or selling an additional item. The most appropriate here is the benefit of selling an item as it implies the additional gain from one more unit of a transaction.
- Question 33: Three powerful health tools could be exercise, a balanced diet, and regular medical check - ups.
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- 27. d. Standard of judgement for evaluating and comparing
- 28. a. A reaction to your actions
- 29. a. Natural resources; b. Human resources; c. Capital resources
- 30. d. All the above
- 31. d. The cost of obtaining an item
- 32. b. The benefit of selling an item.
- 33. a. Exercise; b. Balanced diet; c. Regular medical check - ups