Unit #9: Economic Decisions (Part 1)

Match it! Select the correct answer from the pull down...Good luck!

The inability to satisfy all the wants at the same time is known as -

Natural, human, capital, and entrepreneurship are types of -

The amount of money exchanged for a good or service is called -

The items that are used in making goods and services are called -

Since there are not enough resources to satisfy all the wants at the same time, we have to -

Carlos could have bought a computer games or go see to movies. Since he didn't have enough money to do both, he decided to go to the movies. What is his opportunity cost?

What determines what should be PRODUCED or MADE?

True/False: To determine the price on a supply and demand graph, all you have to do is see where the supply and demand lines meet.