Directions: Match the type of utility to the appropriate sentence. Record your answers in the spaces provided
A. Form utility
B. Time utility
C. Place utility
D. Possession utility
1. You buy a pair of expensive headphones on
sale
2. You discover that your smartphone's
software has been updated.
3. You see that a band's album is available
today.
4. You make monthly payments on an acoustic
guitar.
5. You find available concert tickets online,
6. You buy a T-shirt at a concert.
7. You realize that a music video has been
released right before the holidays.
8. You notice the manufacturer's changes to
an electric guitar
9. A band advertises its new single on a
music blog

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

you can put this in your 11 sentence summary

" most of the money would be invested in innovation, economic convergence."

a. money supply  

have a good day

answer; descriptive statistics;