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Match it!
Match it! Select the correct answer from the pull down...Good luck!
What is scarcity?
legal resources
traditional
Will that be cash or credit?
The mismatch of unlimited wants and needs with limited economic resources.
produce goods and services.
pair of pants
steamed lobster and shrimp
Define problem, Identify choices, Evaluate choices, Choose, Act on choice, Reflect on decision
Which of these is most likely to be a want?
legal resources
traditional
Will that be cash or credit?
The mismatch of unlimited wants and needs with limited economic resources.
produce goods and services.
pair of pants
steamed lobster and shrimp
Define problem, Identify choices, Evaluate choices, Choose, Act on choice, Reflect on decision
Which of these is most likely to be a need?
legal resources
traditional
Will that be cash or credit?
The mismatch of unlimited wants and needs with limited economic resources.
produce goods and services.
pair of pants
steamed lobster and shrimp
Define problem, Identify choices, Evaluate choices, Choose, Act on choice, Reflect on decision
What is the correct order of the steps in the decision-making process?
legal resources
traditional
Will that be cash or credit?
The mismatch of unlimited wants and needs with limited economic resources.
produce goods and services.
pair of pants
steamed lobster and shrimp
Define problem, Identify choices, Evaluate choices, Choose, Act on choice, Reflect on decision
Which of these is NOT one of the basic economic questions that all nations must answer?
legal resources
traditional
Will that be cash or credit?
The mismatch of unlimited wants and needs with limited economic resources.
produce goods and services.
pair of pants
steamed lobster and shrimp
Define problem, Identify choices, Evaluate choices, Choose, Act on choice, Reflect on decision
The three types of economic resources do NOT include
legal resources
traditional
Will that be cash or credit?
The mismatch of unlimited wants and needs with limited economic resources.
produce goods and services.
pair of pants
steamed lobster and shrimp
Define problem, Identify choices, Evaluate choices, Choose, Act on choice, Reflect on decision
Under which economic system are the economic questions answered the same way they have always been answered?
legal resources
traditional
Will that be cash or credit?
The mismatch of unlimited wants and needs with limited economic resources.
produce goods and services.
pair of pants
steamed lobster and shrimp
Define problem, Identify choices, Evaluate choices, Choose, Act on choice, Reflect on decision
Human resources are people who
legal resources
traditional
Will that be cash or credit?
The mismatch of unlimited wants and needs with limited economic resources.
produce goods and services.
pair of pants
steamed lobster and shrimp
Define problem, Identify choices, Evaluate choices, Choose, Act on choice, Reflect on decision
Check it!