Human Resources are:

_____________ is not having enough resources to satisfy every need.

Government officials decide what and how goods are produced and how they will be distributed and consumed.

The final step in the decision making process is

Thomas is looking to buy a new printer for his sign business. This is a ______ resource.

____________ is the value of the next best alternative that you were not able to choose.

Typically characteristic of less developed countries that don’t yet participate in the global economy.

__________refers to the concept that you can make economic decisions independently, without government intervention, but you also must accept the consequences of those decisions.

All of the following are economic questions asked of a country when deciding on an economic system:

Profit is __________________.

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