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natural resources
someone who buys goods and services
What you give up to gain something else.
all of the above
to trade
a and c
when people produce only some of the goods and services they consume.
someone who makes goods or provides services
things that are used to produce more goods and services
producer
someone who buys goods and services
What you give up to gain something else.
all of the above
to trade
a and c
when people produce only some of the goods and services they consume.
someone who makes goods or provides services
things that are used to produce more goods and services
exchange
someone who buys goods and services
What you give up to gain something else.
all of the above
to trade
a and c
when people produce only some of the goods and services they consume.
someone who makes goods or provides services
things that are used to produce more goods and services
capital resources
someone who buys goods and services
What you give up to gain something else.
all of the above
to trade
a and c
when people produce only some of the goods and services they consume.
someone who makes goods or provides services
things that are used to produce more goods and services
specialization
someone who buys goods and services
What you give up to gain something else.
all of the above
to trade
a and c
when people produce only some of the goods and services they consume.
someone who makes goods or provides services
things that are used to produce more goods and services
human resources
someone who buys goods and services
What you give up to gain something else.
all of the above
to trade
a and c
when people produce only some of the goods and services they consume.
someone who makes goods or provides services
things that are used to produce more goods and services
consumer
someone who buys goods and services
What you give up to gain something else.
all of the above
to trade
a and c
when people produce only some of the goods and services they consume.
someone who makes goods or provides services
things that are used to produce more goods and services
opportunity cost
someone who buys goods and services
What you give up to gain something else.
all of the above
to trade
a and c
when people produce only some of the goods and services they consume.
someone who makes goods or provides services
things that are used to produce more goods and services
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Match it!