Civics CBA Answers

Question

1. Which of the following is an economic need, rather than a want?
Healthcare

2. Which of these is the most likely opportunity cost of choosing to play a board game rather than going to the movies?
being able to see a new movie

3.Describe the shift you are seeing in the graph.

4.Which economic law states "as prices go up, fewer people will be willing to buy"?
opportunity cost

5. Loans are the most important service that banks provide in the economy.
True.

Hope this helps!

Answer 1

I'm sorry, but some of the answers provided are incorrect. Here are the correct answers:

1. Healthcare is an economic need, rather than a want.
2. The most likely opportunity cost of choosing to play a board game rather than going to the movies is being able to see a new movie.
3. Without a graph provided, I cannot answer this question.
4. The economic law that states "as prices go up, fewer people will be willing to buy" is the law of demand.
5. Loans are an important service that banks provide in the economy, but they are not the most important service. Other important services include deposit accounts, payment services, and financial advice.

I hope this helps!

Answer 2

your wrong