Examlex
Match the term to its definition by filling in the letter before the term in the appropriate blank.
-____ Variables for which response categories are ordered but the distances between adjacent categories are not necessarily equal.
Capital Goods
Physical assets used by a company to produce goods and services that are used to produce consumer goods or services.
Scarcity
The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.
Study of Economics
The academic discipline that examines how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their wants and needs.
Basic Truth
A fundamental, unquestionable fact or principle that serves as the foundation for a concept or belief system.
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