Trade Off

Factors of production

Entrepreneur

What are the opportunity costs of preserving Alaska’s 150 million acres of wilderness?

If oil is mined from Alaska what are opportunity costs of this decision?

3- Economics is the study of the ___________ that people and societies make in allocating scarce resources.

Service

Good

On a Production Curve: If you are on the line you are producing_____________ ?

What are 3 ways to move to a new frontier?

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