THESE ARE TRUE OR FALSE WILL MARK BRAINLIEST!! 1. A want is something that you desire to have because it adds pleasure to your life.
2. In economics, wants are considered to be limited.
3. There are only two kinds of economic resources: human and natural.
4. Scarcity is a problem that is faced by individuals, businesses, and governments.
5. Economic decision making is a process requiring five important steps.
6. An arrangement that allows buyers and sellers to come together to trade goods and
services is called a sale.
7. With voluntary exchange, there are no controls on the activities of buyers and ellers.
8. When the government hires new employees, it is participating in the marketplace.
9. In a system of capitalism, interaction in the marketplace determines what will be produced
with the resources available.
10. The profit motive provides incentive for owners to work hard.
11. The three roles that everyone must perform are worker, consumer, and citizen.
12. The consumer role, making decisions about what to buy, is performed only by individuals
and businesses.