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Match it! Select the correct answer from the pull down...Good luck!
Want
The work people are paid to do
Anything that is used to produce a good or service.
The cost of choosing 1 choice over another
Produce below ability.
Air, Water, Food
Having a limited number of resources
What to produce, How to produce it, Who to produce it for
Something a person does not need to live
Capital
The work people are paid to do
Anything that is used to produce a good or service.
The cost of choosing 1 choice over another
Produce below ability.
Air, Water, Food
Having a limited number of resources
What to produce, How to produce it, Who to produce it for
Something a person does not need to live
What are the 3 Economic Questions?
The work people are paid to do
Anything that is used to produce a good or service.
The cost of choosing 1 choice over another
Produce below ability.
Air, Water, Food
Having a limited number of resources
What to produce, How to produce it, Who to produce it for
Something a person does not need to live
Scarcity
The work people are paid to do
Anything that is used to produce a good or service.
The cost of choosing 1 choice over another
Produce below ability.
Air, Water, Food
Having a limited number of resources
What to produce, How to produce it, Who to produce it for
Something a person does not need to live
Under Utilization
The work people are paid to do
Anything that is used to produce a good or service.
The cost of choosing 1 choice over another
Produce below ability.
Air, Water, Food
Having a limited number of resources
What to produce, How to produce it, Who to produce it for
Something a person does not need to live
Opportunity Cost
The work people are paid to do
Anything that is used to produce a good or service.
The cost of choosing 1 choice over another
Produce below ability.
Air, Water, Food
Having a limited number of resources
What to produce, How to produce it, Who to produce it for
Something a person does not need to live
Labor
The work people are paid to do
Anything that is used to produce a good or service.
The cost of choosing 1 choice over another
Produce below ability.
Air, Water, Food
Having a limited number of resources
What to produce, How to produce it, Who to produce it for
Something a person does not need to live
Need
The work people are paid to do
Anything that is used to produce a good or service.
The cost of choosing 1 choice over another
Produce below ability.
Air, Water, Food
Having a limited number of resources
What to produce, How to produce it, Who to produce it for
Something a person does not need to live
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