CE 11a - Economics

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

Which word means that there is never enough to match the total of what everyone wants?

Which word means selecting an item or an action from a set of all the possible alternatives?

You have a choice of doing your homework or going shopping. You do your homework. What is the opportunity cost of doing your homework?

Who has to deal with scarcity and choice?

What type of resources are people who can get a business going?

What type of resources are water, trees, land, wheat, iron, and oil?

Resources and goods are limited, but human wants are ____.

What type of resources are tools, machinery, buildings, and trucks?