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Match it!
Match it! Select the correct answer from the pull down...Good luck!
Factors of production
Land, Labor, Capital, Entrepreneurs
Waiter, Snow plower
Technology, Education, More workers
Efficiently
Giving up 1 thing for another
Choices
Hammer, Car
Wilderness destroyed, animals killed, natural beauty harmed
Trade Off
Land, Labor, Capital, Entrepreneurs
Waiter, Snow plower
Technology, Education, More workers
Efficiently
Giving up 1 thing for another
Choices
Hammer, Car
Wilderness destroyed, animals killed, natural beauty harmed
Service
Land, Labor, Capital, Entrepreneurs
Waiter, Snow plower
Technology, Education, More workers
Efficiently
Giving up 1 thing for another
Choices
Hammer, Car
Wilderness destroyed, animals killed, natural beauty harmed
Good
Land, Labor, Capital, Entrepreneurs
Waiter, Snow plower
Technology, Education, More workers
Efficiently
Giving up 1 thing for another
Choices
Hammer, Car
Wilderness destroyed, animals killed, natural beauty harmed
3- Economics is the study of the ___________ that people and societies make in allocating scarce resources.
Land, Labor, Capital, Entrepreneurs
Waiter, Snow plower
Technology, Education, More workers
Efficiently
Giving up 1 thing for another
Choices
Hammer, Car
Wilderness destroyed, animals killed, natural beauty harmed
If oil is mined from Alaska what are opportunity costs of this decision?
Land, Labor, Capital, Entrepreneurs
Waiter, Snow plower
Technology, Education, More workers
Efficiently
Giving up 1 thing for another
Choices
Hammer, Car
Wilderness destroyed, animals killed, natural beauty harmed
On a Production Curve: If you are on the line you are producing_____________ ?
Land, Labor, Capital, Entrepreneurs
Waiter, Snow plower
Technology, Education, More workers
Efficiently
Giving up 1 thing for another
Choices
Hammer, Car
Wilderness destroyed, animals killed, natural beauty harmed
What are 3 ways to move to a new frontier?
Land, Labor, Capital, Entrepreneurs
Waiter, Snow plower
Technology, Education, More workers
Efficiently
Giving up 1 thing for another
Choices
Hammer, Car
Wilderness destroyed, animals killed, natural beauty harmed
Check it!