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Match it!
Match it! Select the correct answer from the pull down...Good luck!
What are the factors of production?
human, natural, and capital
human resources, capital resources, and natural resources
opportunity cost
the combining of human, natural, capital and entrepreneurship resources to make goods or provide services
the inability to satisfy all wants at the same time
consumers buy and producers make things for the consumer to buy
scarcity
2 because you are choosing or deciding yes to one a chooshing or saying no to another choice
What forces consumers, producers, and government decision makers to make choices?
human, natural, and capital
human resources, capital resources, and natural resources
opportunity cost
the combining of human, natural, capital and entrepreneurship resources to make goods or provide services
the inability to satisfy all wants at the same time
consumers buy and producers make things for the consumer to buy
scarcity
2 because you are choosing or deciding yes to one a chooshing or saying no to another choice
What is scarcity?
human, natural, and capital
human resources, capital resources, and natural resources
opportunity cost
the combining of human, natural, capital and entrepreneurship resources to make goods or provide services
the inability to satisfy all wants at the same time
consumers buy and producers make things for the consumer to buy
scarcity
2 because you are choosing or deciding yes to one a chooshing or saying no to another choice
What is the difference in a consumer and a producer?
human, natural, and capital
human resources, capital resources, and natural resources
opportunity cost
the combining of human, natural, capital and entrepreneurship resources to make goods or provide services
the inability to satisfy all wants at the same time
consumers buy and producers make things for the consumer to buy
scarcity
2 because you are choosing or deciding yes to one a chooshing or saying no to another choice
When you make a choice how many choices are you actually making?
human, natural, and capital
human resources, capital resources, and natural resources
opportunity cost
the combining of human, natural, capital and entrepreneurship resources to make goods or provide services
the inability to satisfy all wants at the same time
consumers buy and producers make things for the consumer to buy
scarcity
2 because you are choosing or deciding yes to one a chooshing or saying no to another choice
What do we call the second-best choice?
human, natural, and capital
human resources, capital resources, and natural resources
opportunity cost
the combining of human, natural, capital and entrepreneurship resources to make goods or provide services
the inability to satisfy all wants at the same time
consumers buy and producers make things for the consumer to buy
scarcity
2 because you are choosing or deciding yes to one a chooshing or saying no to another choice
What is production?
human, natural, and capital
human resources, capital resources, and natural resources
opportunity cost
the combining of human, natural, capital and entrepreneurship resources to make goods or provide services
the inability to satisfy all wants at the same time
consumers buy and producers make things for the consumer to buy
scarcity
2 because you are choosing or deciding yes to one a chooshing or saying no to another choice
What are the three types of resources?
human, natural, and capital
human resources, capital resources, and natural resources
opportunity cost
the combining of human, natural, capital and entrepreneurship resources to make goods or provide services
the inability to satisfy all wants at the same time
consumers buy and producers make things for the consumer to buy
scarcity
2 because you are choosing or deciding yes to one a chooshing or saying no to another choice
Check it!