ECON Unit 2 Exam Review

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

_____________is the allocation method where the politicans control the distribution of goods and services.

Which of the followng do Production Possibliities Graphs show?

We must make decisions because resources are...

Whatever option(s) you give up by making a decision is called...

__________________is the basic economic problem.

Which factor of production is defined as man made items?

Scarcity and shortage have different meanings.

___________________is limited goods because the cost of production is high.